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Last year I forecasted “another wave” of essential-service company mergers, driven by low capital costs and a need to gain scale. Both are still catalysts for utility deals, but a major obstacle to M&A has since emerged: Obama administration regulators increasingly mindful of approaching November elections and anxious for low-risk… Read More

Last year I forecasted “another wave” of essential-service company mergers, driven by low capital costs and a need to gain scale. Both are still catalysts for utility deals, but a major obstacle to M&A has since emerged: Obama administration regulators increasingly mindful of approaching November elections and anxious for low-risk… Read More

Comparisons to the Great Depression earn eager eyeballs and generate counterproductive emotions. Those of recent vintage, usually founded in faulty premises, are designed specifically to effect the latter. Read More

Turmoil in Europe, uneven US economic growth and unprecedented market volatility led many investors to reject stocks this year. Bad move. Stocks outperformed other asset classes in 2011 and will continue to do so in 2012. Yields on traditional savings vehicles are virtually nonexistent. Capturing respectable bond returns requires investors… Read More

Management ’s decision to seek bankruptcy protection for units that operate coal-fired power plants will have no impact on AES Corp 6.75 Percent Preferred C or on plans to pay a common-stock dividend later in 2012. Read More

California's requirement that regulated utilities double their renewable energy use by 2020 is good news for Growth Spotlight Sempra Energy (NYSE: SRE). Read More