Summary: Public Service Co. Of Colorado - S&P Global Ratings’ Credit Research

Summary: Public Service Co. Of Colorado

Summary: Public Service Co. Of Colorado - S&P Global Ratings’ Credit Research
Summary: Public Service Co. Of Colorado
Published Jun 27, 2013
2387 words — Published Jun 27, 2013
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Abstract:

Steady operating cash flow from regulated vertically integrated electric and natural gas distribution operations Regulation that we consider credit supportive Part of a large, geographically and economically diverse regulated utility company with service territories that lack competition A low-cost diversified generation portfolio Based on parent Xcel Energy Inc. A strengthened financial risk profile Aggressive capital spending Dependence on supportive cost recovery Negative free operating cash flow A manageable dividend payout ratio Discretionary cash flow expected to remain negative A continuing commitment to credit quality and maintenance of balanced capital structure Robust cash flow measures and manageable debt leverage The stable rating outlook on Public Service Co. of Colorado (PSCo) reflects our expectation that management will continue to achieve constructive regulatory

  
Brief Excerpt:

RESEARCH Summary: Public Service Co. Of Colorado Publication date: 27-Jun-2013 Primary Credit Analyst: Gerrit W Jepsen, CFA, New York (1) 212-438-2529; gerrit.jepsen@standardandpoors.com Secondary Contact: Gabe Grosberg, New York...

  
Report Type:

Summary

Ticker
3487Q
Issuer
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
Region
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S&P Global Ratings’ Credit Research. "Summary: Public Service Co. Of Colorado" Jun 27, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Public-Service-Co-Of-Colorado-1153175>
  
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