Does the utility industry have the financial strength sufficient to meet the combined challenges of: (1) sharply increasing and highly volatile fuel and purchased-power costs; (2) significant...
Winners and Losers: Utility Strategy and Shareholder Return
Diversified companies lead (and the globals lag) over the past five years.
failure on a going- forward basis.
1. Includes companies listed in the "Energy," "Pipelines" and "Utilities: Gas and Electric" industries of the 1000 index as compiled on April 5, 2004, excluding Adams Resources & Energy, Hawaiian Electric Industries, Kinder Morgan Energy, TransMontaign, Plains All America Pipeline, Ferrell Gas Partners, Enbridge Energy Partners, USEC, and Oglethorpe Power (not comparable business models); and Mirant (insufficient stock price history).