Hawaiian Electric points finger at Maui County over wildfires
Search and recovery team members check charred buildings and cars in the aftermath of the Maui Fires in Lahaina, West Maui, Hawaii, August 17, 2023. Yuki Iwamura | AFP |…
Has climate change made utilities a risky bet? What income investors need to know
With yields generally considered safe, utility stocks have long been a favorite income play for retirees. Yet climate change may put those plans at risk. The wildfires in Maui are…
Hawaii’s top power utility accused of years of mismanagement before the deadly wildfires
A fire investigator inspects a pole that is believed to be the origin of a deadly wildfire that may have been started when a transformer exploded due to high winds…
Hawaiian Electric shares dive 35% following class action lawsuit
A Mercy Worldwide volunteer makes damage assessment of charred apartment complex in the aftermath of a wildfire in Lahaina, western Maui, Hawaii on August 12, 2023. Yuki Iwamura | AFP…
Utilities offer income investors high yields — and the group’s on sale
Income-seeking investors can find a bargain right now in the utilities sector. Utilities stocks are generally known for their safe dividends, but they aren’t having a good year when it…
Power grid upgrades enter a new phase of growth, benefiting this stock
The effort to upgrade the U.S. power grid is heating up rapidly, according to UBS, which says the trend could be a driver for Quanta Services stock. UBS reiterated a…
Outdated rainfall models put billions in new infrastructure at risk
Billions of dollars in federal funding from the Biden administration’s Infrastructure Investment and Jobs Act could be wasted because state highway and bridge projects are using an outdated government precipitation…
Worth buying utilities enabling a clean energy future, Goldman says
Utility stocks are poised to capitalize on a clean energy future, according to Goldman Sachs. Utilities have lagged the market this year, with the Utilities Select Sector SPDR Fund down…
Berkshire Hathaway is about to hit a big renewable energy milestone
Siemens wind turbines operate on a wind farm in Marshalltown, Iowa, where many of Berkshire’s first big renewable investments were made over the past decade as the former MidAmerican Energy…
Why we need nationwide electric grid in the U.S. but don’t have one
A transmission tower is seen on July 11, 2022 in Houston, Texas. ERCOT (Electric Reliability Council of Texas) is urging Texans to voluntarily conserve power today, due to extreme heat…