Summary: PSEG Power LLC - S&P Global Ratings’ Credit Research

Summary: PSEG Power LLC

Summary: PSEG Power LLC - S&P Global Ratings’ Credit Research
Summary: PSEG Power LLC
Published Apr 29, 2013
1960 words — Published Apr 29, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Consistent hedging strategy, with a significant proportion of gross margin under contract through 2014 Strong operational performance by a somewhat diversified set of generation assets Environmentally well positioned due to substantial regulatory compliance spending Exposure to market price volatility as contracts expire and are renewed at prevailing market prices Pressure on margins resulting from depressed gas prices Resilient financial performance in the face of strong downward pressure on power margins An elevated capital spending program by the affiliated regulated utility that is likely to be sustained for the next several years Stable consolidated credit protection ratios that include adjusted funds from operations to debt of between 26% and 30% and consolidated debt leverage of about 46% The stable outlook for

  
Brief Excerpt:

RESEARCH Summary: PSEG Power LLC Publication date: 29-Apr-2013 Primary Credit Analyst: Richard W Cortright Jr, New York (1) 212-438-7665; richard_cortright@standardandpoors.com Secondary Contact: Aneesh Prabhu, CFA, FRM, New York...

  
Report Type:

Summary

Ticker
28302Z
Issuer
PSEG Power LLC
GICS
Independent Power Producers & Energy Traders (55105010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Summary: PSEG Power LLC – 2014/05/12 – US$ 225.00

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Summary: PSEG Power LLC – 2017/06/22 – US$ 225.00

Summary: PSEG Power LLC – 2012/10/23 – US$ 225.00

PSEG Power LLC – 2012/04/26 – US$ 500.00

Summary: PSEG Power LLC – 2012/04/26 – US$ 225.00

Summary: PSEG Power LLC – 2011/10/05 – US$ 225.00

PSEG Power LLC – 2011/04/19 – US$ 500.00

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MLA:
S&P Global Ratings’ Credit Research. "Summary: PSEG Power LLC" Apr 29, 2013. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-PSEG-Power-LLC-1123255>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: PSEG Power LLC Apr 29, 2013. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-PSEG-Power-LLC-1123255>
  
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