Trans-Allegheny Interstate Line Company Dec 09
Standard & Poors, December 2009
Abstract
Low operating risk transmission business; Constructive rate regulation provides for timely cost recovery; and Costs will be shared throughout PJM. Material construction risk associated with new projects; and Cash flows may be pressured during construction. The rating on Trans-Allegheny Interstate Line Co. (TrAIL) reflects the consolidated credit profile of Allegheny Energy that incorporates the regulated cash flows of transmission subsidiary TrAIL and utility subsidiaries Monongahela Power Co., Potomac Edison Co., and West Penn Power Co. In conjunction with these regulated cash flows is the higher business risk of unregulated generation subsidiary Allegheny Energy Supply Co. LLC (AE Supply). Allegheny's consolidated credit quality reflects a strong business risk profile and an aggressive financial risk profile. Greensburg, Pa.-based Allegheny has $4.5 billion...
Companies mentioned in this report are:
- Trans-Allegheny Interstate Line Co.
- Allegheny Energy Inc.
- Monongahela Power Co.
- Potomac Edison Co.
- West Penn Power Co.
- Allegheny Generating Co.
- Allegheny Energy Supply Co. LLC
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Trans-Allegheny Interstate Line Co.
- Allegheny Energy Inc.
- Monongahela Power Co.
- Potomac Edison Co.
- West Penn Power Co.
- Allegheny Generating Co.
- Allegheny Energy Supply Co. LLC
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