Summary: Wisconsin Public Service Corp. Feb 13

Standard & Poors, February 2013

Abstract
Standard & Poor's Ratings Services' ratings on Wisconsin Public Service Corp. (WPS) reflect its parent company Integrys Energy Group Inc.'s consolidated credit profile. WPS is a rate-regulated electric and gas utility that serves about 441,000 electric customers and about 319,000 gas customers in portions of north-central Wisconsin. The company also has approximately 2,200 megawatts (MW) of generating capacity, of which more than 70% is coal-fired. The business risk profile for WPS is "excellent", reflecting its lower-risk monopolistic electric and gas businesses that provide an essential service. We view the Wisconsin regulatory environment as more credit supportive, reflecting the commission's long record of protecting utilities' credit quality. In addition, WPS has demonstrated its ability, over the long term, to adequately manage...

Companies mentioned in this report are:
- Wisconsin Public Service Corp.
- Integrys Energy Group Inc.

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.

- Wisconsin Public Service Corp.
- Integrys Energy Group Inc.

Customers who bought this item also bought

• Military Microgrids Market Potential
• Ghana Infrastructure Report Q1 2012
• Library Energy Conservation Benchmarks
• Redesigning the Public Library Building
• Turkey Infrastructure Report Q2 2012
• Library Use of eBooks, 2013 Edition
• South Korea Infrastructure Report Q2 2012
• The United States Defense Industry - Competitive Landscape and Strategic Insights to 2017: Market Profile
• Edison to Enron. Energy Markets and Political Strategies
• Argentina Infrastructure Report Q2 2012