Summary: Monongahela Power Co. Sep 11
Standard & Poors, September 2011
Abstract
Standard & Poor's Ratings Services bases the corporate credit rating on Monongahela Power Co. on a consolidated analysis of parent FirstEnergy Corp., a merchant energy and electricity utility holding company. Monongahela operates an integrated electric utility in West Virginia that includes more than 2,700 megawatts (MW) of mostly coal-fired generating assets that serve its customers and West Virginia customers of affiliate Potomac Edison Co. We also base the ratings on the parent company's transformation from an integrated electric utility holding company to a business model that encompasses regulated electric transmission and distribution (T&D) operations and unregulated merchant electric generation and marketing activities in equal measure. While we no longer consider the company fully integrated, we regard the two segments as...
Companies mentioned in this report are:
- Monongahela Power Co.
- Allegheny Energy Inc.
- Cleveland Electric Illuminating Co.
- Jersey Central Power & Light Co.
- Metropolitan Edison Co.
- Ohio Edison Co.
- Pennsylvania Electric Co.
- Pennsylvania Power Co.
- Potomac Edison Co.
- Toledo 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.
- Monongahela Power Co.
- Allegheny Energy Inc.
- Cleveland Electric Illuminating Co.
- Jersey Central Power & Light Co.
- Metropolitan Edison Co.
- Ohio Edison Co.
- Pennsylvania Electric Co.
- Pennsylvania Power Co.
- Potomac Edison Co.
- Toledo Edison Co.
- West Penn Power Co.
- FirstEnergy Corp.
- FirstEnergy Solutions Corp.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
