Mergers & Acquisitions

Joining the Fortis Family

Leadership Lyceum Podcast: A Conversation with Paul Bonavia

Paul Bonavia is Retired Chairman and CEO of UNS Energy (Tucson Electric Power). The company was sold to Fortis in August 2014.

Looming Risks of Regulated Assets

History May Not Predict Future

Maximizing exposure to regulated assets may not be an optimal long-term investment strategy, despite its present popularity. The factors considered here include lower allowed returns on equity, the law of diminishing returns, declining demand for the product, price increases, and a possible death spiral.

Perpetuating the California Dream

Leadership Lyceum Podcast: A conversation with Edison International CEO Pedro Pizarro

Edison International is the publicly traded holding company for Southern California Edison, the regulated utility, and a small array of non-regulated investments, plus Edison Energy. At $11.5 billion in annual revenue, and serving 15 million customers, the company is one of the largest utilities in the country.

Bob Flexon: Leadership Lyceum Podcast Summary

Five-Year Anniversary Conversation with Dynegy CEO Bob Flexon

Dynegy's CEO takes stock at his fifth anniversary with the company. Read excerpts of his interview here, then download the podcast for the entire conversation with Tom Linquist, the widely-recognized expert in executive assessment and leadership development.

PUF Top 20 Financial Performers

PSEG, NextEra, Wisconsin Energy, OGE Energy, Pinnacle West, IDACORP, etc.

The PUF Top 20 Financial Performers were selected through a four-year average ranking of profit margin, dividend yield, free cash flow, return on equity, return on assets, and sustainable growth.

Don't Cry for Utility Shareholders, America

Maybe Steve Huntoon Was Right

We decided to check out the numbers. Utilities earned more than the cost of capital in most years. Utility investors earned an average market return, while taking a lower than average risk.

Getting Ready for Competition in Japan

Lessons from Abroad

A comprehensive analysis of Japanese investments in the U.S., Mexico, the U.K., and Australia. From a team expert in the fast-changing electric industry in Japan.