EPA's Proposed Repeal of Clean Power Plan Has Little Effect on Utility Growth Outlook
We are maintaining our fair value estimates, moat ratings, and moat trend ratings for all utilities after Environmental Protection Agency head Scott Pruitt announced plans to repeal the Clean Power Plan, promulgated in 2015.ÂWe don't expect this move to have any impact on the utilities sector. We forecast U.S. carbon emissions will fall 28% from 2005 levels by early next decade, based on renewable energy and natural gas generation displacing coal generation. Low natural gas prices and gas turbi...
FirstEnergy is a public utility holding company. The company and its subsidiaries are principally involved in the transmission, distribution and generation of electricity. The company's reportable operating segments are comprised of: Regulated Distribution, which distributes electricity through the company's utility operating companies and also controls regulated electric generation capacity located primarily in West Virginia, Virginia and New Jersey; and Regulated Transmission, which provides transmission infrastructure owned and operated by the transmission companies and certain of the company's utilities to transmit electricity from generation sources to distribution facilities.
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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