Summary: AltaLink Investments L.P.

Low-risk electricity transmission assets No volume or commodity price risk Very stable cash flow Capital spending that continues to taper off during our outlook period, improving credit metrics Stable financial measures consistent with a significant financial risk profile The stable outlook on Altalink Investments L.P. (AILP) reflects that of its ultimate parent, Berkshire Hathaway Energy Co. (BHE). In addition the stable outlook reflects that, during our two-year outlook period, we do not expect any changes to the strategic relationship between AILP and the BHE group. Furthermore, we continue to expect AILP to continue generate stable and predictable cash flows through its only operating subsidiary, AltaLink L.P. (ALP). The stable outlook on BHE reflects our expectation that the group's operation will

...Outlook: Stable The stable outlook on Altalink Investments L.P. (AILP) reflects that of its ultimate parent, Berkshire Hathaway Energy Co. (BHE). In addition the stable outlook reflects that, during our two-year outlook period, we do not expect any changes to the strategic relationship between AILP and the BHE group. Furthermore, we continue to expect AILP to continue generate stable and predictable cash flows through its only operating subsidiary, AltaLink L.P. (ALP). The stable outlook on BHE reflects our expectation that the group's operation will continue to focus on core utilities and reach constructive regulatory outcomes supporting the existing business risk profile. Although BHE has used significant debt leverage for acquisitions and capital investments, we expect credit measures to strengthen, bolstering the rating. Under our base-case forecast for BHE, we expect consolidated adjusted funds from operations (FFO)-to-debt to range from 14%-16% over the next few years. The outlook...

Summary