Integrated Retail Supplier-Generator Receives Investment Grade Rating from Standard and Poor's
May 19, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
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Energy Harbor Corp., the former FirstEnergy Solutions, announced that the company has received an investment grade rating of BBB– with a Stable outlook from Standard and Poor's.
Energy Harbor said that Standard and Poor's report stated, "...we expect low cash flow volatility as ZECs, capacity payments, and retail margin constitute about 75% of total cash flow. EH plans to operate the business with minimal net leverage."