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RECO |
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Although RECO and LMT remain independent wholly owned subsidiaries conducting their own engineering, product development and direct sales activities, production resources and personnel supporting both companies have been integrated to ELGT's manufacturing division. The affirmation of the ratings of O&R and RECO reflect the stable cash flow associated with their electric and gas delivery business and the absence of commodity exposure. The transaction will allow RECO to recover deferred costs associated with the provision of basic generation service during the transition period. |
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