| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Alectra Inc. > News item |
S&P rates Alectra A
S&P said it assigned an A long-term corporate credit rating to Alectra Inc.
The outlook is stable.
On Dec. 8, the Ontario Energy Board approved the amalgamation of Enersource Holdings., Horizon Holdings Inc., PowerStream Holdings Inc. and Hydro One Brampton Networks Inc., S&P explained.
The agency said it expects the purchase and subsequent amalgamation of Hydro One Brampton will be complete by Feb. 28, 2017.
S&P said it expects the company to achieve C$250 million to C$300 million of net operating efficiencies, primarily by eliminating redundant positions, purchasing power discounts for inventory and reducing third-party costs.
Despite not going back to the regulator for a decade, the agency said it believes the company will be able to earn its allowed return on equity through cost savings.
© 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.