Transcript Title

American Public Power Association
Business & Financial Conference
Presented By:
Alan Spen
Managing Director
Fitch Ratings Public Power Group
September 25, 2007
Important Industry Trends
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National Energy Policy – the solution to the problem?
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Increased risk in developing and constructing new electric generation.
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Fuel volatility tempered, but not ending any time soon.
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Environmental standards move to the front burner.
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Re emergence of rate regulation among IOU’s.
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Some deterioration in public power financial ratios.
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Rating agencies feel the heat.
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