West Penn Power (WPP) is a low-risk, fully rate-regulated electric transmission and distribution (T&D) utility. Effective management of regulatory risk. A stable customer base. Comparatively stronger than peers within its business risk profile category. We evaluate WPP's financial measures using more moderate financial benchmarks compared to the typical corporate issuer, reflecting WPP's low-risk regulated business and effective management of regulatory risk. Core financial measures are consistent with the lower end of the range for the financial risk profile category. Rising capital spending. S&P Global Ratings' negative outlook on West Penn Power Co. (WPP) reflects the potential for lower ratings on parent FirstEnergy Corp. (FE) and its regulated utility subsidiaries by one notch within the next 12 months. The negative outlook
