S&P: Duke Energy Ohio unchanged

Standard & Poor's said that Duke Energy Ohio Inc.'s (A-/stable/A-2) filing with the Federal Energy Regulatory Commission to place 7,800 MW of electricity generation capacity into a legally separate subsidiary will have no immediate effect on the company's credit quality.

The filing with the commission, which would require Public Utility Commission of Ohio approval for such a transfer, comes just days before the governor will likely sign an energy bill into law, the agency noted.

If approved, the legislation would require all Ohio companies to file an electric security plan with the Ohio commission and then, if they so desire, to also file a market-based option for their service territory, S&P said.

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