The court held, inter alia, that MEHC
was defaulted as a consequence of not obtaining proper representation.
Kirk Morgan, vice president and project leader of MEHC
, says his team will utilize more of the existing available infrastructure to transport gas both within Canada and to export markets in the continental U.
's ratings also reflect BRK's 90% ownership of the company and its strategic commitment to use MEHC
to expand its investments in power and gas assets.
BRK has opportunistically provided capital and financing to MEHC
to pursue acquisitions, including the March 2006 PacifiCorp (PPW) acquisition and Constellation Energy Group (CEG) in 2008.
In addition, MEHC
benefits from its affiliation with BRK through opportunistic M&A activity, which is funded separate from the ECA.
In September 2008, MEHC
announced its planned acquisition of CEG and immediately invested $1 billion (provided by BRK through issuance of MEHC
preferred stock) to support CEG's business operations during a period of extreme financial stress.
Over time, Fitch would expect CEG to reduce commodity trading activities under MEHC
Funding is an intermediate holding/financing company that is wholly owned subsidiary of MEHC
and the direct parent of MEC.
For further information please refer to the MEHC
Credit Anaylsis dated Aug.
Funding is an intermediate holding/financing company that is a wholly owned subsidiary of MEHC
and an indirect parent of MEC.
The bonds are senior unsecured obligations of MEHC
and rank pari passu with all other existing and future senior unsecured holding company debt.
0 million to its parent, Mission Energy Holding Company (MEHC
), which enabled MEHC
to purchase approximately $795.