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Northern Powergrid Holdings Co. Jul 12 Product Image

Northern Powergrid Holdings Co. Jul 12

  • Published: July 2012
  • Standard & Poors

Abstract
Bulk of operating income from stable, monopoly electricity distribution operations. High cash flow certainty due to supportive framework under the U.K. regulatory regime. Continuous improvement in operating performance. Moderate cash flow coverage of debt metrics. Significant capital expenditure program through the current regulatory period to March 2015. Regulatory reset risk from April 2015. Standard & Poor's Ratings Services rates U.K.-based electricity holding company Northern Powergrid Holdings Co. (BBB+/Stable/A-2; Northern Powergrid) on a consolidated basis, that is, taking into account the holding company and the regulated electricity distribution operating subsidiaries Northern Powergrid (Yorkshire) PLC (A-/Stable/A-2; NPY) and Northern Powergrid (Northeast) Ltd. (A-/Stable/--; NPN). All subsequent references to Northern Powergrid or the group encompass the holding company Northern Powergrid Holdings and its...

Companies mentioned in this report are: Northern Powergrid Holdings Co.,Northern Natural Gas Co.,PacifiCorp,MidAmerican Energy Holdings Co.,Northern Powergrid (Yorkshire) PLC,Northern Electric PLC,Midwest Power Systems Inc.,MidAmerican Energy Co.,Salton READ MORE >

Northern Powergrid Holdings Co.,Northern Natural Gas Co.,PacifiCorp,MidAmerican Energy Holdings Co.,Northern Powergrid (Yorkshire) PLC,Northern Electric PLC,Midwest Power Systems Inc.,MidAmerican Energy Co.,Salton Sea Funding Corp.,Kern River Gas Transmission Co.,Yorkshire Power Group Ltd.,CE Generation LLC,MidAmerican Funding LLC,Northern Powergrid (Northeast) Ltd.,Northern Electric Finance PLC,Yorkshire Electricity Group PLC

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