trending Market Intelligence /marketintelligence/en/news-insights/trending/2UKopHol9Vz9us4Vg9oZCA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

S&P flags possible downgrade at ExGen Texas Power

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

S&P flags possible downgrade at ExGen Texas Power

S&P Global Ratings has flagged a possible downgrade atExGen Texas Power LLCafter revising its outlook on the ExelonCorp. unit to negative.

ExGen Texas is rated B+ at the agency which expects lowerpower pricing at the ElectricReliability Council of Texas Inc. to linger over the next fewyears. As a result, the entity's ability to trim refinancing risk and entermore lucrative hedges at maturity of debt is at doubt.

Moody's hadwarned in March that the credit profiles of unregulated merchantpower project finance issuers could weaken if low natural gas and power pricespersist.

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.