Fitch EEI Wrap-Up Report: The Calm Before the Build-Out.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. today published its wrap-up report for the 41st Edison Electric Institute The Edison Electric Institute (EEI) is the association of United States shareholder-owned electric power companies. Its members serve 95 percent of the ultimate customers in the shareholder-owned segment of the industry, and represent approximately 70 percent of the U.S. (EEI EEI Edison Electric Institute EEI Estación Espacial Internacional (Spanish: International Space Station) EEI Electrical and Electronics Institute (Thailand) EEI Electro Energy, Inc. ) Financial Conference. Key themes at the conference included challenges associated with the current upturn in the capital-investment cycle and pressure to separate regulated and unregulated businesses in the wake of the recent failure of two high profile utility group merger proposals due to political/regulatory resistance. Capital spending for U.S. utility and merchant generators is likely to accelerate meaningfully, driven by infrastructure, environmental compliance and new generation investment. At its 18th Annual Global Power Breakfast, Fitch Ratings focused on new capital investment in utility infrastructure, noting that the utility industry is in reasonably solid financial shape. However, Fitch noted that in order to maintain investment grade ratings, the industry needs to avoid the mistakes of the past, including cost overruns, poor relations with regulators and a propensity to overbuild o·ver·build v. o·ver·built , o·ver·build·ing, o·ver·builds v.tr. 1. To build over or on top of. 2. To construct more buildings in (an area) than necessary. 3. . Importantly, the capital markets today are liquid and the cost of capital is low, with equity valuations in the sector at historically high levels and bond spreads relatively narrow. The full EEI wrap-up report 'The Calm Before the Storm' can be found on the Fitch Ratings web site at www.fitchratings.com. Also available are a series of reports published prior to EEI on the following topics: the wholesale energy market, credit implications for nuclear power, environmental capital spending, and the aging U.S. transmission system. The slides and speeches presented at Fitch's breakfast are also available. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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