stranded

Marginal Utility

Changing the Electric Utility Financial Paradigm

Global capital markets have accommodated the industry with low interest rates and high stock price multiples, but capital markets are fickle. Electrics will be capitalized more like other industrial companies, and less like regulated monopolies.
Byline: 

Leonard S. Hyman and William I. Tilles

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Disruption on Wall Street

Financial executives contemplate the rise of distributed resources.

In a January 2013 report, EEI said fast-growing distributed energy could undermine the utility business model. Wall Street is paying attention.
Byline: 

By Michael T. Burr, Editor-in-Chief

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