Fully rate-regulated electric transmission businesses. Supportive regulation that includes formula rates, annual true-ups, and above-average returns on equity. The transmission business represents one of the key growth areas for parent FirstEnergy Corp. Lack of business diversity. Use of the low volatility table based on a low-risk regulated business model and supportive regulation. Core financial measures that are consistent with the lower half of the intermediate modest financial risk profile category. Capital spending at more than $500 million annually. The stable outlook on American Transmission Systems Inc. (ATSI) incorporates our expectation that parent FirstEnergy Corp.'s competitive businesses will account for about 30% of the total company and that the consolidated financial measures are minimally maintained at the lower end of the
