Madam Chairman - We Have a Quorum
We are reaffirming our fair value estimates for Dominion Energy ($85), Duke Energy ($86) and The Southern Company ($50) after the U.S. Senate confirmed Neil Chatterjee and Robert Powelson to fill two of the four vacancies on the Federal Energy Regulatory Commission, or FERC. The two Republicans join acting Chairman Cheryl LaFleur, a Democrat, bringing a quorum to FERC that was lacking one since the departure of Norman Bay in February.We now believe it is likely that the Final Order approving th...
Duke Energy is a holding company. Through its subsidiaries, the company operates as an energy company. The company's segments include: Electric Utilities and Infrastructure, which provides retail electric service through the generation, transmission, distribution and sale of electricity to customers within the Southeast and Midwest regions of the United States; Gas Utilities and Infrastructure, which conducts natural gas operations, as well as owns, operates and has investments in various pipeline transmission and natural gas storage facilities; and Commercial Renewables, which acquires, develops, builds, operates and owns wind and solar renewable generation throughout the continental United States.
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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.
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