Monongahela Power Co. Mar 10
- ID: 2048567
- March 2010
- Standard & Poors
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.
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