Capacity and energy, although related, are not identical products. If we are to continue to rely on competitive market forces to provide new generation supplies, we need separate, long-term,...
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.