Report
Travis Miller
EUR 101.80 For Business Accounts Only

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. 
We 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...
Underlying
Portland General Electric Company

Portland General Electric is an electric utility engaged in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company also participates in the wholesale market by purchasing and selling electricity and natural gas. The company's generating facilities consist of thermal plants (natural gas- and coal-fired), wind farms, and hydroelectric. The company owns or has contractual rights associated with transmission lines that deliver electricity from its generation facilities to its distribution system in its service territory and also to the Western Interconnection.

Provider
Morningstar
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.

Analysts
Travis Miller

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