earch 16 February 2012 Relative value analysis: ranked by YTW J.P.Morgan Issuer Coupon Maturity Outstanding Moodys Price YTW STW YTW Date LTM Enterprise EBITDA Value UNION Interest Debt/ EBITDA Debt/ EV Texas Competitive Electric Holdings 10.250% 1-Nov-15 1.292 Caa3 D 29.75 5.779bp 1-