S&P: Wisconsin Energy unaffected

Standard & Poor's said Wisconsin Electric Power Co.'s (A-/stable/A-2) sale of the Point Beach nuclear power plant appears to be credit neutral and does not currently affect the rating or outlook on Wepco or parent Wisconsin Energy Corp. (BBB+/stable/A-2).

S&P said the effect on ratings will depend on the company's use of proceeds and whether its lower operating risk is offset by the debt imputation from the power-purchase agreements.

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