Interest rates not always controlling for return on equity.
What FERC might learn from Thomas Piketty and his best-selling book on wealth and income.
State regulators address transformative forces.
Picturing utilities in a series of sobering snapshots.
A mature industry faces a worrying round of hype.
Wall Street is back in business. What’s next for utility finance?
Is discounted cash flow (DCF) still a reliable tool for determining equity cost?
More planning, fewer incentives, and a black swan on the horizon.
The transmission superhighway still needs major investments. Rate incentives were working -- until FERC started backing away from them. FERC should assert its authority more aggressively to promote the vision of a robust interstate grid.
Utilities face rate pressure as financing costs hit rock bottom.
(November 2012) Fortnightly’s annual rate case survey is designed to give readers a look at rates of return on equity (ROE) awarded in state-level retail base rate proceedings for electric and natural gas utility companies. An examination of the reasoning and commentary contained in these orders provides a glimpse into economic factors considered by regulators as they seek to balance the interests of investors and consumers when authorizing utility ROEs.
Utilities are enjoying some of the best financing terms anybody’s ever seen. Is the party winding down?
Conditions are ideal for utility financing—but not forever. Although interest rates remain low, policy changes weigh on capital structures.