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PEPL |
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The affirmation also continues to recognize the low business risk profile of SUG's Missouri Gas Energy (MGE) division and the cash flow contribution from FERC regulated pipeline activities, which include PEPL and FGT, and the midstream assets acquired in February 2006. Credit strength continues to be derived from the low business risk profile of SUG's MGE division and cash flow contribution from FERC regulated pipeline activities, which include PEPL and indirect investments in both Transwestern Pipeline (TWP) and Florida Gas Transmission (FGT) via SUG's 50% ownership in CrossCountry Energy Holdings (CCE). Proceeds of both offerings will be used to retire the PEPL bridge debt. |
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