Podcasts

Leadership Lyceum

Leadership Lyceum: A CEO’s Virtual Mentor

This podcast series focuses on corporate and industry strategy and trends from the direct vantage point of key industry leaders. Subscribe to the podcast at Apple iTunes. Interviews with Tom Fanning and Bob Flexon are available, as well as one with Joe Rigby, Bob Skaggs and Les Silverman.

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Calendar of Events

Apr 09, 2017 to Apr 12, 2017
| Phoenix, AZ
May 02, 2017 to May 05, 2017
| Orlando, FL
May 21, 2017 to May 23, 2017
| Orlando, FL

Keywords

Public Utilities Reports

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Fortnightly 40

Top 20, and Why Financial Strength Matters

The Return for Customers of the Return for Shareholders

Steve Mitnick

The Top 20 ranking is limited to investor-owned electric utilities and combination electric and gas utilities with 2015 revenues of at least $1 billion.

PUF Top 20 Financial Performers

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

Steve Mitnick

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.

The Fortnightly 40 Best Energy Companies

A reshuffling of the rankings. Is nuclear the cause?

Herman K. Trabish

Of the top ten movers in this year’s Fortnightly 40, seven utilities rose in the rankings and three went down. But the utilities moving the most from 2013 to 2014 went down hard.

The Fortnightly 40 Best Energy Companies

The industry’s transformation has begun. Should the F40 transform too?

Michael Burr

(September 2014) Our annual ranking of shareholder performance tracks the long-term returns of leading utilities. But can it predict success in a transformed energy market?

The Fortnightly 40 Best Energy Companies

The dash to gas brings volatility in shareholder performance.

Michael T. Burr

Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.

The Fortnightly 40 Best Energy Companies

A challenging year brings a change in the rankings.

Michael T. Burr

(September 2012) Our annual financial ranking shows some remarkable shifts among the industry’s shareholder value leaders. Despite flat demand and low commodity prices, investor-owned utilities are investing heavily in capital assets. Investment discipline and operational excellence distinguish leaders on the path to financial performance.

Cap-Ex Conundrum

Does slow and steady still win the race?

Michael T. Burr

When a capital-intensive industry enters an asset-building cycle, many companies will operate in the red for a few years or more. That’s not necessarily a bad thing, as cap-ex investments represent growth for shareholders. The devil is in the details, however, and companies facing a large slug of environmental compliance investments might produce disappointing returns over the next few years.

The 40 Best Energy Companies

Michael T. Burr

(September 2011) Our annual ranking tracks the publicly traded electric and gas companies that produce the greatest value for shareholders. Despite the year’s topsy-turvy financial markets, perennial performers like DPL, PPL and Exelon return to the top of the list. Others face looming cap-ex burdens as regulators impose new mandates and requirements. Leading companies are positioning for growth, despite a challenging landscape.

The 40 Best Energy Companies

Michael T. Burr

(September 2010) Capital spending and commodity prices are driving changes in financial performance. The 2010 Fortnightly 40 report shows growing success for companies with substantial unregulated assets. As the industry resumes its Big Build, regulatory relationships will determine the long-term strength of utility shareholder returns.

ITC Holdings: Riding the Wires

Michael T. Burr

When DTE Energy divested its transmission business back in 2003, the future of independent transmission companies (transcos) looked uncertain. A few transcos persevered, however, and this year for the first time the F40 survey includes one of them.

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