Tag: Utility

Why utility stocks are so hot right now

Well, we don’t see this very often. Utilities are shooting out the lights on the TSX. Yes, that’s right — utilities. The companies that produce your electricity and deliver your natural gas. The plodders of the investment world. No one who buys a utility stock expects to earn a big capital gain. They’re the traditional…

Exclusive: California utility PG&E explores bankruptcy filing – sources

(Reuters) – California utility company PG&E Corp (PCG.N) is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. The company is considering the move as a contingency, in part…

Jennifer Wells: Hydro One’s takeover of U.S. utility sparks customer backlash: ‘This is an incredibly bad idea’

“Please don’t sell us to Canada.” That refrain, or versions of it, is on full display at the Idaho Public Utilities Commission, which admittedly isn’t everyone’s go-to entertainment site. But it is vitally important for this reason: the first big test of the expansionist dreams of the politically tempest-tossed Hydro One rests with its successful…

Warren Buffett Is About to Buy Another Massive Utility — Here’s Why

According to reports, Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) is close to finalizing a deal to purchase Texas-based utility Oncor, one of the largest electric utility companies in the United States. This would be an addition to Berkshire Hathaway Energy, which already owns several major utilities across the U.S. Here’s why Berkshire’s leader Warren Buffett likes utilities…