Research Update: AltaLink Investments L.P. And Altalink L.P. 'A' Issuer Credit Ratings Affirmed On Effective Management; Outlook Stable

On Nov. 19, 2020, the Alberta Utilities Commission (AUC) approved AltaLink L.P.'s (ALP), an electric transmission subsidiary of AltaLink Investments L.P. (AILP), methodology regarding the calculation of net salvage costs that will incrementally increase ALP's return from rate base. ALP's effective management of regulatory risk sufficiently mitigates a modestly weakened regulatory environment. We are affirming ratings on AILP, including the 'A' issuer credit rating (ICR) and 'A-' senior unsecured debt ratings. At the same time, we are affirming the 'A' ICR on ALP as well as the 'A' senior secured debt rating. The outlooks on AILP and ALP remain stable, reflecting that on parent Berkshire Hathaway Energy Co. (BHE). The stable outlook on AILP and ALP reflects that of ultimate

...- On Nov. 19, 2020, the Alberta Utilities Commission (AUC) approved AltaLink L.P.'s (ALP), an electric transmission subsidiary of AltaLink Investments L.P. (AILP), methodology regarding the calculation of net salvage costs that will incrementally increase ALP's return from rate base. - ALP's effective management of regulatory risk sufficiently mitigates a modestly weakened regulatory environment. - We are affirming ratings on AILP, including the 'A' issuer credit rating (ICR) and 'A-' senior unsecured debt ratings. - At the same time, we are affirming the 'A' ICR on ALP as well as the 'A' senior secured debt rating. - The outlooks on AILP and ALP remain stable, reflecting that on parent Berkshire Hathaway Energy Co. (BHE)....

Research Update