EDP - Energias de Portugal, S.A.: Tariff cut in 2018 reflects lower interest rates, lower tariff deficit
INFRASTRUCTURE AND PROJECT FINANCE ISSUER COMMENT 18 October 2017 RATINGS EDP - Energias de Portugal, S.A. LT Issuer Rating Baa3 Senior Unsecured Baa3 Outlook Stable Contacts Niel Bisset +44.20.7772.5344 Senior Vice President [email protected] Neil Griffiths- Lambeth +44.20.7772.5543 Associate Managing Director [email protected] Jonathan Dolbear +44.20.7772.1099 Associate AnalEDP Energias de Portugal is a utility company engaged as a generator, distributor and supplier of electricity in Portugal, and as an electricity generation company and a gas distributor in the Iberian Peninsula. In addition, Co. is a wind power operator with windfarms for energy generation in the Iberian Peninsula, the U.S., Canada, Brazil, France, Belgium, Italy, Poland and Romania and is engaged in developing wind projects in the U.K. Co. is also engaged in generating solar photovoltaic energy in Portugal, Romania and the U.S, and in Brazil it is engaged as an operator in electricity generation. As of Dec 31 2015, Co. had 9.7 million electricity customers and 1.4 million gas customers.
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