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| Brief Excerpt: | ...Introduction: Fitch Ratings presents its inaugural report providing detailed information for utility distribution companies (UDCs) in Fitch's universe. The UDC sector comprises electric transmission and distribution (T&D) utilities as well as gas local distribution companies (LDCs). Each company report includes rating rationales and rating drivers along with debt structures and financial summary information. Strong and Stable Median Ratings: The UDC sector has typically enjoyed strong investment- grade ratings, with the historical median centered at `BBB' for Fitch's coverage. Key rating drivers include lower operational risks than those faced by integrated utilities, ongoing regulatory support for the upgrade of existing T&D infrastructure, timely recovery of costs and a rising proportion of investments regulated by the Federal Energy Regulatory Commission (FERC), which Fitch deems more supportive than state regimes. Median ROE Trends Lower: The median authorized return on equity (ROE)... |
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| Report Type: | Transition and Default Studies |
| Company(ies) | CenterPoint Energy Houston Electric LLC
, Ohio Power Company
, Potomac Electric Power Company
, Spire Missouri Inc.
, Commonwealth Edison Company
, Brooklyn Union Gas Company
, Central Hudson Gas & Electric Corporation
, Centerpoint Energy Resources Corp
, Keyspan Gas East Corporation
, Mountaineer Gas Company
, Black Hills Gas, LLC
, Duke Energy Ohio, Inc.
, Atlantic City Electric Company
, Delmarva Power & Light Company
, Washington Gas Light Company.
, American Transmission Company LLC
, AEP Texas Central Company
, Rochester Gas and Electric Corporation
, DTE Gas Company
, Connecticut Light & Power Company |
| Ticker(s) | ATO
, AILLP
, CTPPO
, BGLEP
, SOCGP
, AILIP
, WGLCN
, SWX |
| Issuer | UGI Utilities
, Inc. |
| Format: | | PDF |  |
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