A brutal storm ripped through southwestern Minnesota in April and snapped 2,000 power poles. Worthington Public Utilities kept the lights on with a seat-of-the-pants microgrid.
isn't being all that forgiving, even as the holidays approach.
But the Street is offering advice.
S&P predicts survivors in 2002 are likely to be utilities that pay down debt, lower dividend payouts, pursue customers outside their service area, and add new, unregulated products and services. It doesn't seem to sound all that different from last year's advice. Perhaps that's part of a universal problem. Those who take the risks or blaze a new path seldom know where it will lead, nor do their advisors.
Wishing you a great holiday.
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