Fitch Publishes Third Quarter 2012 U.S. Power & Utility Stats Quarterly

NEW YORK--()--Link to Fitch Ratings' Report: Power and Utility Stats Quarterly -- Third-Quarter 2012
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=696509

Fitch Ratings has published the U.S. 'Power and Utility Stats Quarterly' report. This report provides a summary of individual company operating performance and credit metrics; key credit strengths and concerns; and liquidity positions for the third quarter ending Sept. 30, 2012.

Fitch notes in the report that the alignment of the sector's growth strategy with federal and state policy goals and ongoing efforts to minimize regulatory uncertainty mitigate concern regarding high-projected capex.

Cyclically low natural gas and power prices offset upward pressure on rates due to high capital investment. Industry capex primarily targets infrastructure replacement and expansion, renewable power, transmission, emission control equipment and smart meter. Liquidity remains strong and debt manageable, although increasing, for this capital intensive sector.

This report, 'Power & Utility Stats Quarterly - Third-Quarter 2012', is available on the Fitch web site at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

-- 'Power Connection: Commentary, Org Charts & Debt Detail; Power and Utility Stats Quarterly -- Third-Quarter 2011,' Dec. 5, 2011.

Applicable Criteria and Related Research:

Power Connection: Commentary, Org Charts, and Debt Detail
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=654038

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Contacts

Fitch Ratings
Philip W. Smyth, CFA, +1-212-908-0531
Senior Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Philippe Beard
Associate Director, +1-212-908-0242
or
Media Relations
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com

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Contacts

Fitch Ratings
Philip W. Smyth, CFA, +1-212-908-0531
Senior Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Philippe Beard
Associate Director, +1-212-908-0242
or
Media Relations
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com