| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Energy Harbor Corp. > News item |
S&P rates Energy Harbor BBB-
S&P said it assigned BBB- rating to Energy Harbor Corp. and its secured debt. The company emerged from bankruptcy in February with minimal debt obligations and will generate power in the Pennsylvania-Jersey-Maryland region.
“The company will generate revenue from the sale of electricity from its three nuclear and two fossil plants, Ohio's Zero-Emissions Nuclear credits (ZECs), PJM capacity payments, and retail power sales, mainly to large commercial and industrial customers and residential customers,” the agency said in a press release.
The outlook is stable.
“The stable outlook reflects our view that the company will receive ZECs for its Ohio nuclear plants, maintain high availability and dispatch at all nuclear plants, and continue to grow its retail business segment in PJM,” S&P said.
© 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.