| Title: | Stability Report: EPCOR Power L.P. |
| Price: | $300.00 |
| Publication Date: | May 02, 2008 |
| Report Type: | Commentary |
| Abstract: | Long term power purchase contracts with creditworthy offtakers Diverse portfolio of assets using proven generation technology Fuel cost pass through provisions on some contracts reduce cash flow variability Operating margin at risk from more aggressive acquisition strategy Up to a third of revenue faces recontracting risk in the next five years Some exposure to commodity market risk The 'SR-2' Canadian stability rating on Alberta-based EPCOR Power L.P. (EPCOR Power or the partnership) reflects the strong sustainability and low variability of cash flow generation from the partnership's largely contracted electricity generation portfolio. Standard&Poor's Ratings Services considers the distribution profile assessment (DPA) to be moderate. The outlook is stable. We consider EPCOR Power's sustainability to be strong. The partnership's sound |
| Brief Excerpt: | RESEARCH Ratings Definitions Stability Report: EPCOR Power L.P. Publication date: ##-May-#### Primary Stability Ratings Analyst: Nicole Martin, Toronto (#) ###-###-####; nicole_martin@standardandpoors.com Stability Rating: 'SR-#'... |
| Word Count: | 1694 |
| Sector: | Global Issuers, Corporations, International Public Finance, Utilities, Electric |
| Format: |
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