Summary: Trans-Allegheny Interstate Line Co. Sep 11
Standard & Poors, September 2011
Abstract
Standard & Poor's Ratings Services bases the ratings on Trans-Allegheny Interstate Line Co. (TrAIL) on the consolidated credit profile of parent FirstEnergy Corp., a merchant energy and utility holding company. TrAIL is a new 500-kilovolt electricity transmission line from Pennsylvania to Virginia built to improve reliability in the Mid-Atlantic region. TrAIL's excellent business profile reflects the stability as a regulated transmission company with about $1.1 billion of construction projects planned over the next several years. TrAIL enjoys credit-supportive rate regulation from the Federal Energy Regulatory Commission (FERC), which provides timely cost recovery during and after construction. Also credit supportive, in our view, are FERC's decision to allow a cash return on construction work in progress and the company's ability to...
Companies mentioned in this report are:
- Trans-Allegheny Interstate Line Co.
- Allegheny Energy Inc.
- Cleveland Electric Illuminating Co.
- Jersey Central Power & Light Co.
- Metropolitan Edison Co.
- Monongahela Power Co.
- Ohio Edison Co.
- Pennsylvania Electric Co.
- Pennsylvania Power Co.
- Potomac Edison Co.
- West Penn Power Co.
- FirstEnergy Corp.
- FirstEnergy Solutions Corp.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Trans-Allegheny Interstate Line Co.
- Allegheny Energy Inc.
- Cleveland Electric Illuminating Co.
- Jersey Central Power & Light Co.
- Metropolitan Edison Co.
- Monongahela Power Co.
- Ohio Edison Co.
- Pennsylvania Electric Co.
- Pennsylvania Power Co.
- Potomac Edison Co.
- West Penn Power Co.
- FirstEnergy Corp.
- FirstEnergy Solutions Corp.
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