Financial review
Article Abstract:
A Standard and Poor's report indicates a drop in credit quality for the municipal utility industry in 1996. Two to four years of recovery in credit ratings for municipal, however, is predicted after 1996. In 1995, over $23 billion of debt issued by public electric utilities was downgraded. The downgrades were attributed to industry deregulation and the failure to remain competitive. The longer-term outlook for credit quality for public power entities will be affected by internal factors such as management abilities, debt profiles and competitiveness.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Stranded asset as secure bond
Article Abstract:
Asset securitization may become an important tool in managing the finance of public utilities companies. Securitization involves making debt regulatory instruments, thereby increasing the company's ability to collect 'stranded costs.' The move can allow utilities to pay transition-related debt, reduce leverage and rigid financial charges, terminate contracts and make other financial improvements. Consumers may also benefit from this move as change to a competitive market lowers electric rates.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Second quarter results
Article Abstract:
Investor-owned electric utilities increased their aggregate assets by 2.4% in June 1994 over the same period the previous year. The primary factor for such an increase was the rise in deferred debits. Among other developments for the period were a decrease in construction activities, a rise in the value of common stock, increase in earnings per share as a result of increased sales and a rise in fuel expenses brought about by increased demand.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Statistical review. Second quarter sales up. Nugs: slowed capacity, increased generation
- Abstracts: Financial review: third quarter earnings down. Financial review. Your membership dollars at work
- Abstracts: Champions of a cause. Six ways to imprive green marketing. Raising the bar
- Abstracts: TRI: the preliminary data. Planting the forest for the trees
- Abstracts: Ownership and the independent RTO. Strength through diversity