The power sector is entering into a new period of policy uncertainty during a time of significant fundamental change. Electricity demand continues to lag economic growth during a “low energy” recovery from the Great Recession. At the same time, new energy technologies threaten to disrupt the utility business model. Today, the Environmental Protection Agency’s Mercury and Air Toxics Standards and Cross-State Air Pollution Rule are locking in coal-to-gas fuel switching during a period of low prices. In the future, President Obama’s Clean Power Plan could set up further terrain shifts for utility capital investments. Our electric sector coverage examines federal – and, where relevant state-level – regulation of generation, transmission and distribution as well as the environmental policies governing air and water emissions and solid waste streams. Clients receive as-needed research notes, reports and flash blasts on all of these topics. In addition, our monthly Regulated Energy Playbook for utility investors outlines key themes, examines recent legislative, regulatory and judicial developments and presents forward-looking assessments of coming events.
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