Hedge expiries to increase US power ratings risk in 2012: Moody’s
Investment-grade, unregulated power companies could see their ratings slip in coming years, according to a report from ratings agency Moody’s. The agency says this is due to pressures ranging from a weak economy and low natural gas prices, to new regulatory requirements from the US Environmental Protection Agency (EPA).
The report states that while higher margin hedges should support the finances of such companies in 2011, this is expected to 'dramatically' change in 2012 as these arrangements
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