Moody's Investers Services Downgrades Ratings for Energy Future Holdings CorpSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Moody's Investers Services Downgrades Ratings for Energy Future Holdings Corp
 


7 April 2009 at 3:21:00 PM
salon

Luminant part of this.

Moody’s Investors Service has downgraded its ratings for several debt securities held by Energy Future Holdings Corp. and cautioned that its "business model does not appear to be sustainable over the long term."

The ability of the Dallas-based electric giant to generate sufficient cash flow to service its huge $37 billion debt load "has been negatively impacted by current weak commodity prices and market heat rates, and the prospect for a near-term recovery increasingly appears remote, at this time," Moody’s said.

Also from Dallas Buriness Journal- it's all about concerns about its ability to repay creditors.


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Comments!  
1 - humanbeing   7 Apr 2009 @ 6:24:54 PM 

I have always thought from the beginning that reactors 3 and 4 @ Comanche Peak would not happen because of economics;

I hope I am correct. We just don't need nuclear power. We have alternatives. My electric bill was $27 again this month.


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