Category: utilities

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U.S.-Eastern Caribbean interbank news scan as of 11:08 pm AST: USVI concerned about Trump impact on economy.

What we’re reading: U.S. Virgin Islands. VIPSC. Utilities. “The Virgin Islands Public Services Commission is preparing to launch a series of high-stakes investigations into the territory’s public utilities — while warning lawmakers Monday that chronic mismanagement, outdated infrastructure and nonpayment of regulatory assessments are threatening the commission’s ability to carry out its duties.” — St. … Continue reading U.S.-Eastern Caribbean interbank news scan as of 11:08 pm AST: USVI concerned about Trump impact on economy.

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Utilities did not escape the markets worries about the economy.

Southern Company reported that its stock price fell to $86.57, down $2.01, or 2.27%. That was in line with the decrease in the S&P Utilities Select Sector Index which fell approximately 2.69% from 751.69 to 731.47. The markets are reportedly spooked by perceived slowdown in the economy and the possibility that companies pushing artificial intelligence … Continue reading Utilities did not escape the markets worries about the economy.