Counterflow: Nice Work If You Can Get It, Take 2
"Real" return on equity rates awarded to investor-owned U.S. electric and natural gas utilities (gray dots and triangles) exceed corporate bond yields and one- and 10-year U.S. Treasuries. Real rates are calculated by subtracting core CPI. Sources: Regulatory Research Associates (2021), Moody's (2021a, 2021b), Board of Governors of the Federal Reserve System (2021a, 2021b, 2021c), and U.S. Bureau of Labor Statistics (2021). | Energy Institute at Haas
Oct 17, 2022
Gas and electric utilities are still earning far higher ROEs than their cost of capital, says columnist Steve Huntoon. Why isn't anyone paying attention?
