Deep Dives - Utilities & Power

Date Ticker Title Vertical Rating (at time of publication)
06.20.2021 CMS
  • Utilities & Power: Utility Spotlight: Rough week despite flattening yield curve; IL and NC; CPUC preview; PCG workshop
  • Utilities & Power N/A
    06.17.2021 NRG
  • NRG: Consumer cash machine; reiterating Buy, raising PT
  • Utilities & Power Buy
    06.16.2021 EXC
  • Utilities & Power: Statehouse update: Illinois energy bill fails to launch (again); first look at legislation in North Carolina
  • Utilities & Power N/A
    06.13.2021 CMS
  • Utilities & Power: Utility Spotlight: Power and gas gain as yields fall; NRG meeting preview; Illinois still talking; DTE; PCG
  • Utilities & Power N/A
    06.11.2021 EXC
  • Utilities & Power: Merchant earnings and value mark: energy rally and nuclear PTC potential temper PJM capacity bust
  • Utilities & Power N/A
    06.09.2021 CMS
  • CMS: Bye Bye EnerBank: Downgrading to Hold
  • Utilities & Power Hold
    06.08.2021 EXC
  • EXC: Illinois Senate may vote on energy next week
  • Utilities & Power Buy
    06.06.2021 CMS
  • Utilities & Power: Utility Spotlight: EXC late night "Illinoise"; PJM auction silver linings; PG&E trustee talk; Cali NEM
  • Utilities & Power N/A
    06.03.2021 EXC
  • Utilities & Power: PJM capacity auction: second pass
  • Utilities & Power N/A
    06.02.2021 EXC
  • Utilities & Power: PJM capacity downside surprise: first pass
  • Utilities & Power N/A
    06.02.2021 PCG
  • PCG: Meanwhile in Judge Alsup's courtroom ...
  • Utilities & Power Buy
    06.01.2021 EXC
  • EXC: Illinois energy bill in limbo as session drags on
  • Utilities & Power Buy
    05.31.2021 EXC
  • Utilities & Power: Memorial weekend at the statehouse: Texas acts at Sunday deadline, will Illinois follow suit tonight?
  • Utilities & Power N/A
    05.30.2021 CMS
  • Utilities & Power: Utility Spotlight: Laggard week; PJM chart book; federal budget and nuke PTC; Illinois; California NEM
  • Utilities & Power N/A
    05.27.2021 EXC
  • Utilities & Power: Nuclear PTC survives Senate committee test flight
  • Utilities & Power N/A
    05.26.2021 EXC
  • Utilities & Power: First look at Senate nuclear PTC proposal
  • Utilities & Power N/A
    05.23.2021 CMS
  • Utilities & Power: Utility Spotlight: Winning week; EXC focus with IL, PJM pending; nuke PTC thoughts; Cali NEM and budget
  • Utilities & Power N/A
    05.18.2021 DUK
  • DUK: Elliott plan revealed ... and rebuffed
  • Utilities & Power Buy
    05.16.2021 CMS
  • Utilities & Power: Utility Spotlight: Inflation, utilities and real yields; regulated leadership continues; AGA; CPUC
  • Utilities & Power N/A
    05.12.2021 SRE
  • SRE: Valuation recalibrated; investor day in view
  • Utilities & Power Hold
    05.10.2021 DUK
  • DUK: Solid execution ... with a side of activism
  • Utilities & Power Buy
    05.09.2021 CMS
  • Utilities & Power: Utility Spot-Lite: Earnings wrapping up; NC in focus; renewables lag; more PCG ups and downs
  • Utilities & Power N/A
    05.09.2021 VST
  • VST: Accounting for Uri ... rearview pain, forward upside
  • Utilities & Power Buy
    05.07.2021 PEG
  • PEG: Strategic progression continues
  • Utilities & Power Hold
    05.06.2021 NRG
  • NRG: After Uri ... capital allocation back in focus
  • Utilities & Power Buy
    05.05.2021 EXC
  • EXC: Policy momentum building
  • Utilities & Power Buy
    05.04.2021 PCG
  • PCG: Probation update: Come back in June!
  • Utilities & Power Buy
    05.02.2021 CMS
  • Utilities & Power: Utility Spotlight: Good week for regulated bargain basement; CPUC preview; PCG probation; 1Q ROEs
  • Utilities & Power N/A
    04.30.2021 PCG
  • PCG: Uncommon utility value
  • Utilities & Power Buy
    04.29.2021 CMS
  • CMS: Flying start to 2021; June IRP update pending
  • Utilities & Power Buy
    04.29.2021 ETR
  • ETR: Focus shifts to the future; Upgrade to Buy
  • Utilities & Power Buy
    04.27.2021 EIX
  • EIX: GRC waiting game
  • Utilities & Power Buy
    04.27.2021 DTE
  • DTE: Firing on all cylinders
  • Utilities & Power Hold
    04.26.2021 VST
  • VST: Drawing a line under Uri
  • Utilities & Power Buy
    04.25.2021 CMS
  • Utilities & Power: Utility Spotlight: Mixed start to earnings; NJ ZECs; NC bill deadline; NEE/NEP; PCG probation; VST update
  • Utilities & Power N/A
    04.22.2021 PCG
  • PCG: Securitization gets CPUC green light
  • Utilities & Power Buy
    04.22.2021 NEP
  • NEP: Unexpected ERCOT winner
  • Utilities & Power Buy
    04.21.2021 NEE
  • NEE: Solid quarter, slower origination
  • Utilities & Power Hold
    04.18.2021 CMS
  • Utilities & Power: Utility Spotlight: Rate reversal fuels regulated rally; PCG securitization and PSPS; earnings previewed
  • Utilities & Power N/A
    04.16.2021 CMS
  • Utilities & Power: First quarter preview and commodity mark
  • Utilities & Power N/A
    04.15.2021 PCG
  • PCG: CPUC acts on enhanced oversight ... shuts door onchallenge to safety certificate
  • Utilities & Power Buy
    04.15.2021 EXC
  • EXC: Illinois discussions heating up
  • Utilities & Power Buy
    04.12.2021 EXC
  • EXC: Meanwhile in Pennsylvania ... RD in PECO gas case
  • Utilities & Power Buy
    04.11.2021 CMS
  • Utilities & Power: Utility Spotlight: Not so rate sensitive; CPUC meeting preview; PCG oral argument; ERCOT LCAP
  • Utilities & Power N/A
    04.09.2021 PCG
  • PCG: Engineering a brighter future
  • Utilities & Power Buy
    04.05.2021 SRE
  • SRE: SIP stake sale highlights public-private value gap
  • Utilities & Power Hold
    04.04.2021 CMS
  • Utilities & Power: Utility Spotlight: Rally takes a breather; DUK NC update; PCG oral argument preview; Cali affordability
  • Utilities & Power N/A
    03.28.2021 CMS
  • Utilities & Power: Utility Spot-Lite: Relative rally continues; PCG gets securitization PD; ERCOT forwards perk up
  • Utilities & Power N/A
    03.26.2021 EIX
  • EIX: Catching up
  • Utilities & Power Buy
    03.23.2021 PCG
  • PCG: Alsup and CPUC at odds on PSPS criteria
  • Utilities & Power Buy
    03.23.2021 PCG
  • PCG: Zogg Fire involvement confirmed
  • Utilities & Power Buy
    03.21.2021 CMS
  • Utilities & Power: Utility Spotlight: Never mind rising rates; NRG's ERCOT surprise; PCG probation hearing preview
  • Utilities & Power N/A
    03.14.2021 CMS
  • Utilities & Power: Utility Spotlight: "Texican" standoff; NJ RA; ETR FRP progress; PEG at EE Day; rotation trumps yield spike
  • Utilities & Power N/A
    03.11.2021 EXC
  • Utilities & Power: ERCOT aftermath: Repricing rollercoaster; Lt. Governor grills PUCT chair; short-pays moving higher
  • Utilities & Power N/A
    03.10.2021 PCG
  • PCG: Big challenges, big opportunities
  • Utilities & Power Buy
    03.07.2021 DUK
  • Utilities & Power: Utility Spotlight: Signs of decoupling; ERCOT repricing revisited and policy options; EIX preferred
  • Utilities & Power N/A
    03.05.2021 EXC
  • Utilities & Power: ERCOT aftermath: PUCT rejects energy repricing
  • Utilities & Power N/A
    03.05.2021 PEG
  • PEG: Working down the to-do list
  • Utilities & Power Hold
    03.04.2021 EXC
  • Utilities & Power: ERCOT aftermath: IMM calls for further repricing; thoughts ahead of Friday PUCT meeting
  • Utilities & Power N/A
    03.03.2021 EXC
  • Utilities & Power: ERCOT aftermath: Confusion reigns at WMS
  • Utilities & Power N/A
    03.03.2021 EXC
  • Utilities & Power: ERCOT aftermath: PUCT adds new uncertainty; WMS meeting may offer some financial insights
  • Utilities & Power N/A
    03.02.2021 NRG
  • NRG: Weathering the storm
  • Utilities & Power Buy
    02.28.2021 CMS
  • Utilities & Power: Utility Spotlight: February to forget for utilities; ERCOT short payments; DTE files new extension
  • Utilities & Power N/A
    02.28.2021 VST
  • VST: Credibility crunch
  • Utilities & Power Buy
    02.25.2021 EIX
  • Utilities & Power: California earnings bites; EIX, PCG, SRE
  • Utilities & Power N/A
    02.25.2021 EXC
  • EXC: Right plan at the right time
  • Utilities & Power Buy
    02.23.2021 EIX
  • Utilities & Power: Chart of the Day - Checking in on California CCM
  • Utilities & Power Buy
    02.23.2021 NRG
  • Utilities & Power: ERCOT aftermath: Large REPs play offense; NRG doubles disaster relief stakes, notes stable business
  • Utilities & Power N/A
    02.21.2021 ETR
  • Utilities & Power: ERCOT aftermath: PUCT holds rare Sunday meeting targeting customer and financial challenges
  • Utilities & Power N/A
    02.21.2021 CMS
  • Utilities & Power: Utility Spotlight: ERCOT aftermath; higher yields bring new sector low; Cali studies rates; CMS meetings
  • Utilities & Power N/A
    02.20.2021 DTE
  • DTE: Off to a strong start
  • Utilities & Power Hold
    02.19.2021 NRG
  • Utilities & Power: Texas turmoil receding as exposure concerns rise
  • Utilities & Power N/A
    02.16.2021 CMS
  • Utilities & Power: Utility Spotlight: Winter comes to ERCOT
  • Utilities & Power N/A
    02.11.2021 DUK
  • DUK: Focus shifts to policy front
  • Utilities & Power Buy
    02.10.2021 EXC
  • EXC: New CEJA draft tees up Illinois energy debate
  • Utilities & Power Buy
    02.07.2021 CMS
  • Utilities & Power: Utility Spotlight: PCG prehearing update; NRG CFO transition; ROEs make new annual low
  • Utilities & Power N/A
    02.04.2021 CMS
  • CMS: New leadership, familiar story
  • Utilities & Power Buy
    02.02.2021 PCG
  • PCG: Telecom licensing deal looks like a win-win; no big surprises in Stress Test reply briefs
  • Utilities & Power Buy
    01.31.2021 CMS
  • Utilities & Power: Utility Spotlight: Volatile pattern continues; more onPCG securitization; EIX settles Woolsey subrogation
  • Utilities & Power N/A
    01.28.2021 DUK
  • DUK: Good news comes in threes
  • Utilities & Power Buy
    01.27.2021 NEE
  • NEE: Good news, but apparently not enough
  • Utilities & Power Hold
    01.26.2021 NEP
  • NEP: Quarterly miss, outlook unchanged
  • Utilities & Power Buy
    01.25.2021 DUK
  • DUK: Another week, another settlement
  • Utilities & Power Buy
    01.24.2021 CMS
  • Utilities & Power: Utility Spotlight: BPU looking at RA options; NJ ZECs report; PCG securitization refresher
  • Utilities & Power N/A
    01.22.2021 CMS
  • Utilities & Power: 4Q preview; fine-tuning ahead of long-haul reporting season; strategy and policy positioning in focus
  • Utilities & Power N/A
    01.21.2021 AIR-FR
  • Vertical Research Partners Top Picks - VRP Top Picks for 2021
  • Utilities & Power N/A
    01.18.2021 CMS
  • Utilities & Power: Utility Spotlight: Bouncing off a new low; DUK settles in Florida; Equinor/BP win big in NY offshore RFP
  • Utilities & Power N/A
    01.15.2021 PCG
  • PCG: Certified!
  • Utilities & Power Buy
    01.14.2021 ETR
  • Utilities & Power: Regulatory Bites: ETR rehearing timeline pushed; EIX Track 2 approved; CPUC to study LT rate outlook
  • Utilities & Power N/A
    01.12.2021 CMS
  • Utilities & Power: 2021 Outlook: Ring in the Green New Year ... but beware COVID and other cost recovery hangovers
  • Utilities & Power N/A
    01.03.2021 CMS
  • Utilities & Power: Utility Spotlight: Closing out a difficult year; new PCG probation conditions proposed
  • Utilities & Power N/A
    12.20.2020 CMS
  • Utilities & Power: Utility Spotlight: Wrapping up 2020; ETR FRP tees up affordability focus; PCG GRC accepted; Zogg latest
  • Utilities & Power N/A
    12.17.2020 CMS
  • Utilities & Power: Regulatory bulletin: CPUC meeting; SRE franchise latest; PCG securitization schedule; CMS rate order
  • Utilities & Power N/A
    12.17.2020 SRE
  • SRE: SDG&E confirmed as sole franchise bidder
  • Utilities & Power Hold
    12.17.2020 NRG
  • Utilities & Power: ERCOT CDR - Mixed bag
  • Utilities & Power N/A
    12.15.2020 ETR
  • ETR: Not so formulaic?
  • Utilities & Power Hold
    12.15.2020 PCG
  • PCG: Pushing back on TURN
  • Utilities & Power Buy
    12.13.2020 CMS
  • Utilities & Power: Utility Spotlight: Modest relative gains; PCG Zogg Fire latest; CPUC preview; CMS electric case; EXC NJ filing
  • Utilities & Power N/A
    12.09.2020 EXC
  • EXC: Selling (distributed) solar
  • Utilities & Power Buy
    12.08.2020 PCG
  • PCG: TURN calls for two-year rate freeze
  • Utilities & Power Buy
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