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. Financial measures that are consistent with the lower end of the range for the company's current financial risk profile category. Rising capital spending. S&P Global Ratings' stable outlook on West Penn Power Co. (WPP) reflects the reduced probability of further downside risks to its ratings on parent FirstEnergy Corp. (FE) as it seeks to exit its merchant generation business.
