Fitch Releases Report Assessing ERCOT After the Heat Wave

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NEW YORK--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: What a Difference a Summer Makes ... in ERCOT

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=657009Fitch Ratings has published a report titled 'What a Difference a Summer Makes... in ERCOT'.

In this report, Fitch analyses the unprecedented heat wave in Texas this past summer, highlights the issues surrounding resource adequacy in the Electric Reliability Council of Texas (ERCOT) and presents credit implications for Fitch-rated power companies in the state.

The report is available at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology', Aug. 12, 2011;

--'Parent and Subsidiary Rating Linkage', Aug. 12, 2011;

--'Rating North American Utilities, Power, Gas, and Water Companies', May 16, 2011;

--'Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers', May 12, 2011.

Applicable Criteria and Related Research:

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647229

Parent and Subsidiary Rating Linkage

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647210

Rating North American Utilities, Power, Gas, and Water Companies

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=625129

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=628489

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch RatingsShalini Mahajan, CFADirector+1-212-908-0351Fitch, Inc.One State Street PlazaNew York, NY 10004orMedia RelationsBrian Bertsch+1-212-908-0549[email protected]

Source: Fitch Ratings

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