U.S. utilities’ promise of providing steady returns and plump dividends to investors is fading as growing competition erodes prices and profits.
American Electric Power Co., the largest U.S. coal user, named Nicholas K. Akins its next chief executive officer, replacing Michael G. Morris.
Nuclear reactors that light New York City and Chicago with carbon-free electricity face possible extinction before they can reap the benefits of President Barack Obama’s proposed climate rules.
"Given NextEra's track record, I would think they would probably increase the operational efficiency of the company, which over the long-term should lead to lower customer bills."
- Paul Patterson on Dec 03, 2014