Potomac Electric Power Co. - Ratings Navigator

...Poor or uncertain track record of regulation and high political interference. High quality and timely financial reporting. Group structure shows some complexity but mitigated by transparent reporting. Good CG track record but effectiveness/independence of board less obvious. No evidence of abuse of power even with ownership concentration. Moderately favorable outlook for prices/rates. Favorable location or high geographic diversity. Favorable customer mix. Customer and usage growth in line with industry averages. Well-established market structure with complete transparency in price-setting mechanisms. Significant lag to recover capital and operating costs....

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