Moody’s shifts Entergy Texas view to positive

Moody’s Investors Service said it changed the outlook for Entergy Texas, Inc. to positive from stable and affirmed all ratings, based on a more constructive regulatory relationship in Texas.

“Tested and supportive cost recovery through transmission and distribution riders will help support ETI’s cash flow during the construction of a new power generation facility. That, along with approved advanced meter investment cost recovery and the completion of one-time customer rebates related to tax reform, should allow ETI to produce funds from operations (FFO) to debt ratios of at least 15% by either 2020 or 2021, when we expect the new power plant to be completed,” said Ryan Wobbrock, vice president and senior credit officer, in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.