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S&P shifts Puget Energy view to stable
S&P said it changed the outlooks for Puget Energy Inc. and subsidiary Puget Sound Energy, Inc. to stable from negative.
The outlooks reflect the view that Puget Energy’s financial measures will be consistently above the downgrade threshold, the public utility commission will implement Washington state Senate bill 5295 to support credit quality and that the multiyear rate plans will reduce regulatory lag and cash flow volatility.
“Over the next 12-18 months we expect PE's consolidated FFO to debt to be 13%-14%,” S&P said in a press release.
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