Moody's revises Public Service of Oklahoma view to negative

Moody's Investors Service said it revised the outlook for Public Service Co. of Oklahoma to negative from stable and affirmed its existing ratings.

"While PSO's earnings profile improved following its 2019 rate case decision, its cash flows are being negatively impacted by the return of excess deferred taxes and the inability to accelerate recovery of the Oklaunion coal-fired plant that is scheduled to close in October 2020," said Laura Schumacher, a Moody’s vice president and senior credit officer, in a press release.

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