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Stock impact report

Coronavirus casts doubt on $6B in U.S. utility rate hikes [Seeking Alpha]

Eversource Energy (D/B/A) (ES) 
Last eversource energy (d/b/a) earnings: 2/19 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
EnergyCoronavirus casts doubt on $6B in U.S. utility rate hikesApr. 15, 2020 7:47 PM ET|Duke Energy Corporation (DUK)Carl SurranMore than $6B in proposed utility rate increases from Duke Energy (NYSE:thrown into question"Kicking the can down the road is going to happen broadly," says Moody's credit analyst Ryan Wobbrock.Already, New York's Gov. Cuomo has ordered regulators to suspend pending rate hikes, and Massachusetts Attorney General Healey has asked for delays, a path opposed by utilities including Eversource Energy (NYSE:ESNINGGU.S. utilities have at least $6.4B in aggregate pending rate hikes, according to Moody's, with Duke Energy among the most exposed to delays by virtue of $1.5B in pending requests to raise rates.Separately, U.S. electricity demand last week plunged to thelowest weekly total in 17 years:XLUUTGVPUGUTBUIFUTYIDURYUFXUUPWSDPClick to subscribe to real-time analytics on DUKNow read:Dominion: An Idea To Diversify A Stock Portfolio » Show less Read more
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