Recession Reprieve

Deck: 

An economic slowdown might buy time for regulatory change.

Fortnightly Magazine - October 2007
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DC PSC RFP Technical Consultant for Formal Case (FC) No. 1156

Last month’s “Frontlines” column invoked the dreaded “R” word: “recession.” (See “Sub-Primed and Ready.”) In what turned out to be Executive Editor Richard Stavros’s final column in this space (Richard left the Fortnightly in September to join Dominion Resources in Richmond, Va.), he suggested the industry’s fortunes might actually benefit from an economic downturn, as Wall Street money flees toward defensive investments.

In this month’s cover story, “Pricing Regulatory Risk,” our panel of finance gurus agreed: Utility securities are looking good during the current flight to quality.

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