Morningstar - Consolidated Edison Inc. (ED) Trumps Announcement to Exit Paris Agreement Has Little Effect on Utilities

Report

Morningstar

Charles Fishman

EUR 98.48 For Business Accounts Only

Trump's Announcement to Exit Paris Agreement Has Little Effect on Utilities

We are maintaining our fair value estimates, moat ratings, and moat trend ratings for all utilities after President Trump announced plans to exit the Paris Climate Agreement.
Despite the withdrawal, we continue to forecast U.S. renewable energy capacity doubling during the next eight years. State renewable portfolio standards, or RPS, and other local policies remain the industry's primary growth driver, not federal environmental policy.Â Our analysis indicates that renewable energy, including hyd...

02/06/2017 14 EN

Underlying

Consolidated Edison Inc.

Consolidated Edison is a holding company. Through its subsidiaries, the company is engaged in provision of energy services. The company's subsidiaries include: Consolidated Edison Company of New York, Inc.'s principal business operations are its regulated electric, gas and steam delivery businesses; Orange & Rockland Utilities, Inc.'s principal business operations are its regulated electric and gas delivery businesses; Con Edison Clean Energy Businesses, Inc. develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc. invests in electric and gas transmission projects.

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US2091151041 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Charles Fishman

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Moody's Ratings announces completion of a periodic review of ratings of Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc.

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Trump's Announcement to Exit Paris Agreement Has Little Effect on Utilities

Consolidated Edison Company of New York, Inc.: Joint proposal rate settlement could weaken cash flow growth prospects

Moody's Ratings announces completion of a periodic review of ratings of Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc.

Vermilion Compass: Weekly Equity Strategy

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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