Electric Vehicles Offer No Support for Slowing U.S. Electricity Demand Growth
We are reaffirming our fair value estimates, moat ratings, and moat trends for all utilities after developing a fundamental forecast for electric vehicle growth in the United States through 2025. We continue to believe battery electric vehicles will have an immaterial impact on our 1.25% annualized U.S. electricity demand growth forecast through 2030.We assume U.S. EVs grow from an estimated 134,000 in 2016 to 1.6 million by 2025, representing about 10% of the U.S. automobile fleet. We assume ...
Westar Energy is an electric utility in Kansas. As of Dec 31 2017, the company provided electric generation, transmission and distribution services to approximately 708,000 customers in Kansas. The company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company, the company's wholly owned subsidiary, provides these services in south-central and southeastern Kansas, including the city of Wichita. The company also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas, and has contracts for the sale or purchase of wholesale electricity with other utilities.
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.
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