Fully lower-risk rate-regulated electric distribution and transmission businesses. We view the company's ability to manage regulatory risk as average compared with peers. We view the transmission business as accounting for about 15% of West Penn Power Co. Limited size and business diversity. Financial measures assessed under the medial volatility table, reflecting a lower-risk regulated business and average management of regulatory risk compared with peers. Core financial measures that are consistent with the lower end of the intermediate financial risk profile category. Expect slow sales growth of less than 1%. Rising capital spending at about $150 million. The negative outlook on West Penn Power Co. (WPP) reflects the increased probability that we could downgrade parent FirstEnergy Corp. and its subsidiaries one
