Monongahela Power Co. Mar 10
Standard & Poors, March 2010
Abstract
Regulated utility that produces recurring operating cash flow; and Low-cost regulated generation. Significant exposure to potentially stricter environmental standards, especially surrounding carbon dioxide; and Regulatory risk surrounding the pending merger with First Energy Corp. The rating on Monongahela Power Co. reflects the consolidated credit profile of parent Allegheny Energy Inc., which incorporates the regulated cash flows of utility subsidiaries, Monongahela, Potomac Edison Co., West Penn Power Co. (WPP), and transmission company Trans-Allegheny Interstate Line Co. (TrAIL). 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 whereas we consider Monongahela's business...
Companies mentioned in this report are:
- Monongahela Power Co.
- Allegheny Energy Inc.
- Potomac Edison Co.
- West Penn Power Co.
- Allegheny Generating Co.
- Allegheny Energy Supply Co. LLC
- Trans-Allegheny Interstate Line Co.
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
- Monongahela Power Co.
- Allegheny Energy Inc.
- Potomac Edison Co.
- West Penn Power Co.
- Allegheny Generating Co.
- Allegheny Energy Supply Co. LLC
- Trans-Allegheny Interstate Line Co.
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