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 May 12, 2014
2340 words — Published May 12, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Consistent hedging strategy, with a significant proportion of gross margin under contract through 2015 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 Consolidated credit measures that are increasingly strong for the current ratings, including adjusted funds from operations (FFO) to debt in the high 20% area 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 The positive outlook on PSEG Power LLC mirrors that of parent Public Service

  
Brief Excerpt:

RESEARCH Summary: PSEG Power LLC Publication date: 12-May-2014 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:
HTML HTML
Buy Now

Summary: PSEG Power LLC – 2015/06/01 – US$ 225.00

Summary: PSEG Power LLC – 2016/06/13 – US$ 225.00

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

Summary: PSEG Power LLC – 2013/04/29 – 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

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: PSEG Power LLC" May 12, 2014. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-PSEG-Power-LLC-1318509>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: PSEG Power LLC May 12, 2014. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-PSEG-Power-LLC-1318509>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.