Bulletin: Williams Cos.' Transfer Of Its Interest To Bear Energy Does Not Affect Cleco Corp. Ratings - S&P Global Ratings’ Credit Research

Bulletin: Williams Cos.' Transfer Of Its Interest To Bear Energy Does Not Affect Cleco Corp. Ratings

Bulletin: Williams Cos.' Transfer Of Its Interest To Bear Energy Does Not Affect Cleco Corp. Ratings - S&P Global Ratings’ Credit Research
Bulletin: Williams Cos.' Transfer Of Its Interest To Bear Energy Does Not Affect Cleco Corp. Ratings
Published Nov 12, 2007
341 words — Published Nov 12, 2007
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Abstract:

NEW YORK (Standard&Poor's) Nov. 12, 2007--Standard&Poor's Ratings Services said today that the ratings and outlook on Cleco Corp. (BBB/Negative/NR) are not affected by the assignment of Williams Companies' interest to Bear Energy LP, a subsidiary of Bear Stearns Companies Inc., in the tolling agreement with Cleco's 775MW Evangeline plant. Although the Evangeline tolling agreement does not provide a meaningful contribution to Cleco, the inclusion of Bear Energy as the new counterparty in the agreement should ensure a more stable net revenue stream to Cleco.

  
Brief Excerpt:

RESEARCH Bulletin: Williams Cos.' Transfer Of Its Interest To Bear Energy Does Not Affect Cleco Corp. Ratings Publication date: 12-Nov-2007 Primary Credit Analyst: Dimitri Nikas, New York (1) 212-438-7807; dimitri_nikas@standardandpoors.com...

  
Report Type:

Bulletin

Ticker
CNL
Issuer
Cleco Corporate Holdings LLC
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Williams Cos.' Transfer Of Its Interest To Bear Energy Does Not Affect Cleco Corp. Ratings" Nov 12, 2007. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Williams-Cos-Transfer-Of-Its-Interest-To-Bear-Energy-Does-Not-Affect-Cleco-Corp-Ratings-612744>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Williams Cos.' Transfer Of Its Interest To Bear Energy Does Not Affect Cleco Corp. Ratings Nov 12, 2007. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Williams-Cos-Transfer-Of-Its-Interest-To-Bear-Energy-Does-Not-Affect-Cleco-Corp-Ratings-612744>
  
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