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31.08.26 - 20:57
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PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave (ZeroHedge)
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PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave
Shares of California's largest publicly traded utilities crashed on Monday morning after state lawmakers unveiled wildfire legislation that failed to provide the liability protections Wall Street analysts had hoped for.
PG&E plunged as much as 21%, its sharpest decline since 2020, while Edison International crashed as much as 24%, its largest drop since 2018. Sempra fell 5%.
The development sparked a wave of Wall Street downgrades tracked by Bloomberg. Mizuho Securities downgraded PG&E, Edison, and Sempra to neutral from outperform, citing the absence of meaningful liability reform, while also reducing its price targets.
BMO Capital Markets analyst James Thalacker, who downgraded PG&E to market perform from outperform, wrote in a note to clients that California's proposed wildfire legislation failed to provide durable liability protections.
Thalacker cut his price target to $21 from $28, writing that Senate Bill 492 "sets...
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30.08.26 - 10:45
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Deutschland hat die höchsten Strompreise aller G20-Staaten (Apollo News)
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Deutschland schneidet im internationalen Strompreisvergleich sehr schlecht ab. Unter den G20-Staaten hat die Bundesrepublik mit Abstand die höchsten Strompreise. Eine ...
The post Deutschland hat die höchsten Strompreise aller G20-Staaten appeared first on Apollo News....
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28.08.26 - 04:54
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Mayor Of Indiana City Claims Race Discrimination After Delayed Utility Repairs (ZeroHedge)
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Mayor Of Indiana City Claims Race Discrimination After Delayed Utility Repairs
If a group's entire world view is built on the notion that they are perpetual victims because of their race, every time something bad happens to them they are going to go looking for racism as the scapegoat. In other words, they are going to see "racism" under every rock and behind every tree. They will even see racism in a power outage.
When it come to the black community in the US, though, most of the bad things that happen in their neighborhoods are directly caused by their own behavior.
In mid-August a powerful windstorm hit northwest Indiana. Gusts reached around 99 mph in Gary, comparable to a Category 2 hurricane. The violent weather toppled trees onto lines, snapped hundreds of poles, and damaged transmission structures and substations.
The repairs have been difficult and slow moving. This week NIPSCO (the Northern Indiana Public Service Company) reported that 99% of customers in the ...
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