Numerous securitizations by utility companies in New Jersey may be stalled while the State Supreme Court readies a hearing, but overall consolidation in the utility industry should not affect any outstanding stranded-cost securitizations.

A proposed merger between New Jersey-based GPU Inc. and Ohio-based FirstEnergy Corp. should not have any effect on securitization opportunities currently being explored by GPU. "We don't anticipate the FirstEnergy situation is going to really impact the timing of the securitization at all," said Richard Cortright, an analyst at Standard & Poor's Corporate Ratings Group.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.