trending Market Intelligence /marketintelligence/en/news-insights/trending/ASNCxi86mMgeRoUasymVfw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Moody's changes outlook on Electric Transmission Texas to negative

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

Essential Energy Insights - May 14, 2020


Moody's changes outlook on Electric Transmission Texas to negative

Moody's on March 11 revised its outlook on Electric Transmission Texas LLC to negative from stable following its review of the company's updated financial plan.

Electric Transmission Texas, a joint venture between American Electric Power Co. Inc. and Berkshire Hathaway Energy, recently updated its financial plan, which "incorporates a higher level of capital spending and more leverage than our prior expectations," Moody's said in a March 11 report.

The revision reflects the ratings agency's expectation of a continued deterioration in the company's credit metrics in 2019 and 2020, after the negative impact of the federal tax reform and a 2017 Public Utilities Commission of Texas-approved rate reduction settlement on the company's revenue and cash flows.

The plan "incorporates additional leverage and dividends that result in the company's regulated capital structure remaining very closely aligned with its authorized 60% debt ratio rather than the previously assumed gradual deleveraging," Moody's said.

The rating agency affirmed the company's issuer rating at Baa1.

Electric Transmission Texas owns and operates transmission lines within the Electric Reliability Council Of Texas and is fully regulated by the Public Utility Commission of Texas.