The report also notes utilities such as the St . Louis-basedAmeren Corporathen, the Southern giant American Electric Power, North Carolina-based Duke Energy Corporation and the Midwest's Xcel Energy.
He noted that utility stocks were comparatively strong during the volatile second half of last year.
While PG&E could clearly have done better, as a class-action lawsuit and many reports have noted, the utility was dealt a very poor hand from a climate change standpoint.
But spokesman Keith Stephens noted the utility's current efforts to clean house.
Fitch noted the utility's water revenues are down, which means it has less cash to pay off its bonds, which prompted Fitch to ratchet down Glendale Water & Power's credit-worthiness from "stable" to "negative". That means the utility will pay higher interest rates if it borrows again in the near future.
As noted previously, utility weights have been developed for the AQoL-6D.
It should be noted that utility weights reflect preference values and represent only one of the many types of outcomes that may be used to assess the effectiveness of treatment.
It should be noted that utilities may be worse than being dead (i.e., utilities can have negative values); however, the TTO approach used in this study did not allow for health states to be rated as worse than being dead as it was thought that this would occur only rarely; thus, no negative utilities were obtained.
He noted that utilities and other consumers of natural gas must be cognizant of the risks from potential future regulation of upstream development of natural gas.
When Citigroup released a report on the impact of grid battery storage in January, it noted that utilities that continue to rely on old-fashioned centralized power generation and don't embrace flexibility could be doomed, in part because the cost of battery storage could fall from $230/kWh in 2020 to as low as $150/kWh several years later.
