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 L.P. (ALP) reflects that on its immediate parent, AltaLink Investments L.P. (AILP), which in turn reflects that on its ultimate parent, Berkshire Hathaway Energy Co. (BHE). The outlook also reflects that, during our two-year outlook period, we do not expect changes to the strategic relationship between AILP and the BHE group and that of between ALP and AILP, the key factors in the ratings on ALP. In addition, the outlook reflects our expectation that ALP will continue
