|Event Date||Tue Jan 25 EST (in 8 days)|
The outlook change to stable from negative reflects near term high natural gas prices balanced against ample supplies.
• Rising demand drives high natural gas and power prices but sustainability of current prices is uncertain given ample supplies.
• Declining capacity prices will partially offset net energy margin gains, leaving gas-fired peaking plants most at risk.
• ERCOT and CAISO remain vulnerable to reliability issues.
• Continuing shift to renewables and lower carbon emissions represents a longer term risk to existing fossil generation.
Vice President – Senior Analyst, Moody's Investors Service
Vice President-Senior Credit Officer, Global Project & Infrastructure Finance, Moody's Investors Service
Vice President - Senior Credit Officer, Moody's Investors Service
Angelo J. Sabatelle
Associate Managing Director, Global Project & Infrastructure Finance, Moody's Investors Service