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Ohio Valley Electric Corp: Update to credit analysis

Our credit view of OVEC reflects its strong financial profile, ample liquidity, and power purchase agreement with investment grade off-takers, offset by the lack of a step-up provision.

Moody's announces completion of a periodic review for Ohio Valley Elec...

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings -and other ratings that are associated with the same analytical units for the rated entity(entities) listed below. The review was conducted through a portfolio review discussion held on 8 December 2022 in which Moo...

Ohio Valley Electric Corp: Update following upgrade to Baa3

Our credit view of OVEC reflects the strength of its long-term Intercompany Power Agreement, strong liquidity and overall credit quality of its sponsors (off-takers).

Moody's announces completion of a periodic review of ratings of Ohio V...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Ohio Valley Electric Corp. Global Credit Research- 25 Jan 2022. New York, January 25, 2022-- Moody's Investors Service has completed a periodic review of the ratings of Ohio Valley Electric Corp and other ratings that are associated with the same analytical unit.

Ohio Valley Electric Corp: Update to credit analysis

Our credit view of OVEC reflects the support of the governing provisions of its long-term intercompany power agreement and its primarily investment grade sponsors/power off-takers.

Moody's announces completion of a periodic review of ratings of Ohio V...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Ohio Valley Electric Corp. Global Credit Research- 04 Feb 2021. New York, February 04, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Ohio Valley Electric Corp and other ratings that are associated with the same analytical unit.

Ohio Valley Electric Corp: Update following positive outlook

OVEC’s credit reflects the governing provisions of a long-term agreement with utility, cooperative and independent power companies, one of which recently emerged from bankruptcy.

Moody's announces completion of a periodic review of ratings of Ohio V...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Ohio Valley Electric Corp. Global Credit Research- 19 Feb 2020. New York, February 19, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Ohio Valley Electric Corp and other ratings that are associated with the same analytical unit.

Ohio Valley Electric Corp: Update to credit analysis

OVEC’s credit profile reflects the governing provisions of a long-term agreement between thirteen investor-owned and cooperative utility companies, one of which is currently in default.

Moody's announces completion of a periodic review of ratings of Ohio V...

Announcement: Moody's announces completion of a periodic review of ratings of Ohio Valley Electric Corp. Global Credit Research- 25 Mar 2019. New York, March 25, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Ohio Valley Electric Corp and other ratings that are associated with the same analytical unit.

Moody's announces completion of a periodic review of ratings of Ohio V...

Announcement: Moody's announces completion of a periodic review of ratings of Ohio Valley Electric Corp. Global Credit Research- 25 Mar 2019. New York, March 25, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Ohio Valley Electric Corp and other ratings that are associated with the same analytical unit.

Ohio Valley Electric Corp: Update following ratings affirmation with s...

OVEC's credit reflects the governing provisions of its long-term Inter-Company Power Agreement between its thirteen sponsors, one of which is currently in default.

Ohio Valley Electric Corp: Sponsor FirstEnergy Solutions Chapter 11 ba...

FES Chapter 11 bankruptcy filing is credit negative for OVEC, but treatment of the ICPA is uncertain and reserves provide cushion

Please Change Name Laura Schumacher
  • Please Change Name Laura Schumacher

Ohio Valley Electric Corp: Update to credit analysis

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 20 December 2017 Update RATINGS Ohio Valley Electric Corp Domicile Piketon, Ohio, United States Long Term Rating Ba1 Type Senior Unsecured - Dom Curr Outlook Negative Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Analyst Contac

Please Change Name Chang
  • Please Change Name Chang

Ohio Valley Electric Corp: An electric utility sponsored coal-fired ge...

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 21 December 2016 Update RATINGS Ohio Valley Electric Corp Domicile Piketon, Ohio, United States Long Term Rating Ba1 Type Senior Unsecured - Dom Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Laura Schumacher

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