Low-risk electricity transmission assets Generally supportive regulatory framework No volume or commodity price risk Stable and predictable regulated cash flow Capital spending continuing to taper off during our outlook period, which will improve credit metrics Stable financial measures consistent with a significant financial risk profile S&P Global Ratings' stable outlook on AltaLink L.P. (ALP) reflects that on its immediate parent, AltaLink Investments L.P. (AILP), which in turn reflects that on 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
