New PSC Commissioner Could Improve Moat Outlook for Ameren and Great Plains
We are reaffirming our no-moat ratings and fair value estimates for Ameren Corp and Great Plains Energy of $53 per share and $28 per share, respectively, following the Jan. 3 start of a new legislative session for the Missouri General Assembly. The two utilities will again push for legislation to improve the regulatory framework that is among the worst in the country. For the past decade, Missouri utilities have sought legislation that would provide rate riders for expenses that now must wait fo...
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