America’s Utilities Are On a Record Borrowing Spree This Year
- Utilities capitalizing on low rates to fund capital projects
- Financings have been key for transitioning to cleaner energy
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U.S. utilities are on a record borrowing spree this year, selling more than $90 billion in bonds for the first time ever.
The surge in debt from NextEra Energy Inc., Duke Energy Inc. and other power giants comes as interest rates are at historic lows, leaving investors hungry for the safe and relatively strong returns offered by utility bonds.