S&P revises Green Mountain Power to positive

Standard & Poor's said it revised the outlook on Green Mountain Power Corp. to positive from stable.

At the same time, the agency affirmed the BBB+ corporate credit rating on the company and the A issue rating on its long-term senior secured debt.

S&P said the outlook revision reflects improvement in Green Mountain’s financial measures, which are trending above expectations. The company's alternative rate plan, which is in place through 2017, enables the company to earn its allowed ROEs with rate mechanisms in place to help avoid regulatory lag.

Green Mountain continues to effectively manage its regulatory risk further strengthening its "excellent" business risk profile. Furthermore, S&P said, the company has taken significant steps to diversify its power supply and to secure alternative power supplies.

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