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.

Traders and activist investors: Stakeholder analysis of parties to a regulatory action.

Ten years ago, I was asked to represent a social justice organization before the Florida Public Service Commission. The Commission was considering its ten-year integrated resource plan. By general definition, an integrated resource plan is a utility’s description of its resource needs, policy goals, physical, economic, and financial needs, and proposed roadmap for meeting those … Continue reading Traders and activist investors: Stakeholder analysis of parties to a regulatory action.

Georgia Power still looks like a proxy for bonds.

Ratepayer advocates in particular should keep in mind that ratemaking occurs in an environment outside of a public utility hearing room; that the rates used by a utility to attract investors and determine the rate of return on the assets used to generate energy are impacted by what happens in the banking environment. How you structure your strategy on rates should take this environment into consideration. Continue reading Georgia Power still looks like a proxy for bonds.