Prominent investment research firms are warning clients off Indiana and its investor-owned utility companies amid the disputed firing of one state regulator and discussion of lower regulator-set profits.
The Indiana Utility Regulatory Commission “wants to quantify every element of (return on equity) and risk, but didn’t mention the obvious,” equity analysts for Wolfe Research wrote in an Aug. 10 report.
“Political intervention in the regulatory process and volatility in the regulatory environment has meaningfully increased the risk and ROEs needed for investing in Indiana utilities,” they added.
Need to get in touch? Have a news tip?
Our editorial team includes several staff writers, each contributing their specialized knowledge to enhance the depth and breadth of our event and story coverage.