Report
Andrew Bischof, CFA
EUR 98.48 For Business Accounts Only

Power Conference Takeaways: No End to Renewable Energy and Infrastructure Growth

We are reaffirming our fair value estimates, moat ratings and moat trends for all U.S. utilities after Morningstar analysts attended and presented at two recent power industry conferences.
The key theme at both conferences was how utilities should navigate the transition to a cleaner, smarter electricity system. Our most conservative forecasts for the next eight years show U.S. renewable energy capacity doubling, gas continuing to steal power generation market share from coal, and carbon emissio...
Underlying
Sempra Energy

Sempra Energy is an energy-services holding company. The company's segments are: San Diego Gas & Electric Company, which provides electric services and natural gas services in Southern California; Southern California Gas Company, which owns and operates a natural gas distribution, transmission and storage system that supplies natural gas in Southern California and portions of central California; Sempra Texas Utilities, which includes Oncor Electric Delivery Company LLC that provides electricity to consumers; Sempra Mexico, which develops, owns and operates, or holds interests in, energy infrastructure in Mexico; and Sempra LNG, which develops projects for the export of liquefied natural gas.

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
Andrew Bischof, CFA

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