17:44 | 12.12.2011
Fitch Publishes First Edition of U.S. Power & Utility Stats Quarterly
Fitch Ratings has published its inaugural edition of the U.S. ‘Power and
Utility Stats Quarterly’ report. This report provides a summary of
individual company operating performance and credit metrics; key credit
strengths and concerns; and a summary of company liquidity positions at
the end of the third quarter 2011.
Investor owned utilities and UPGs remain focused on core utility
operations and investment in rate base to further state and federal
energy policy goals and provide earnings and cash flow growth.
This utility-centric strategy and alignment of the industry’s growth
strategy with federal and state policy goals mitigates concern regarding
the industry’s large capital investment plans. Cyclically low natural
gas and power prices offset upward pressure on rates due to high capital
investment and provide headroom for recovery. Industry capex primarily
targets infrastructure replacement and expansion, renewable power,
transmission, emission control equipment and smart meter. Liquidity is
strong and debt manageable for this capital intensive sector.
This report, ‘Power & Utility Stats Quarterly – Third Quarter 2011′, is
available on the Fitch web site at ‘www.fitchratings.com’.
Additional information is available at ‘www.fitchratings.com’.
Applicable Criteria and Related Research: Power and Utility Stats
Quarterly — Third-Quarter 2011
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=655469
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THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE
AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE ‘WWW.FITCHRATINGS.COM’.
PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS
SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS
OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES
AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF
THIS SITE.
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