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Summary: FirstEnergy Solutions Corp. Sep 11 Product Image

Summary: FirstEnergy Solutions Corp. Sep 11

  • Published: September 2011
  • Standard & Poors

FEATURED COMPANIES

  • FirstEnergy Corp.
  • Metropolitan Edison Co.
  • Monongahela Power Co.
  • Ohio Edison Co.
  • Pennsylvania Electric Co.
  • Pennsylvania Power Co.
  • MORE

Abstract
Standard & Poor's Ratings Services bases the corporate credit rating on FirstEnergy Solutions Corp. (FES) on a consolidated analysis of its parent, FirstEnergy Corp., and on the parent company's transformation from an integrated electric utility holding company to a business model that encompasses regulated electricity transmission and distribution (T&D) operations and unregulated merchant electricity generation and marketing activities in equal measure. While we no longer consider the company fully integrated, we regard the two segments as equally important to the company. The utilities and the generating plants that were formerly rate-based assets retain a strategic connection. FirstEnergy's merger this year with Allegheny Energy Inc. has resulted in a slightly weaker business risk profile and could slow efforts to strengthen the...

Companies mentioned in this report are:
- FirstEnergy Solutions Corp.
- 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.
- Toledo READ MORE >

- FirstEnergy Solutions Corp.
- 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.
- Toledo Edison Co.
- West Penn Power Co.
- FirstEnergy Corp.

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