utilities
By Valerie Volcovici BAKU (Reuters) – The U.S. utility industry wants the incoming Trump administration and Republican-led Congress to preserve clean energy and EV tax credits in the Inflation Reduction Act, Pedro Pizarro, the CEO of utility Edison International (NYSE:) said on Saturday. The 2022 IRA contains hundreds of billions…
Investing.com — Wells Fargo analysts suggest that now is a good time for investors to consider selling into the recent rally in the utilities sector. The sector has been one of the top performers year-to-date through September 24, sharing the spotlight with high-growth sectors like information technology and communication services. …
By Seher Dareen and Vallari Srivastava (Reuters) – U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure. The utilities and power infrastructure across the U.S. are becoming…
U.S. power demand is expected to grow over the next decade, driven by the rise of power-hungry data centers, particularly those supporting generative AI. This anticipated growth presents a potential tailwind for the utilities sector. However, significant risks remain, tempering the enthusiasm for this development, as per analysts at Wells…
By Lewis Krauskopf NEW YORK (Reuters) – Shares of utilities companies are presenting investors with a rare bright spot in the U.S. stock selloff, as turbulent markets prompt a shift away from the high-flying technology stocks that have led gains for most of the year. Utilities has been the top-performing…
By Sarita Chaganti Singh NEW DELHI (Reuters) – India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said. The unprecedented…
(Reuters) -The California Public Utilities Commission on Thursday approved a new solar energy program that the industry had said would not go far enough to incentivize smaller community projects. The decision marked the latest disappointment for the solar industry in California, which is the top U.S. solar market overall but…
