Any climate policy is almost certain to target the electric-power industry, which is responsible for about 38 percent of U.S. CO2 emissions. Said policy especially would affect coal-...
Rising Unit Costs & Credit Quality: Warning Signals
With increasing unit costs, the financial prospects and credit outlook for many utilities will depend on their success in passing along such costs to consumers.
In Fitch’s view, the sector’s credit recovery is now fading, and investors should exercise greater caution regarding the power and gas sector.