Soaring Natural Gas Puts U.S. Utilities’ Clean-Energy Projects at Risk
- Analysts to focus on energy costs as utilities report earnings
- Power companies have spent record amounts on grid upgrades
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U.S. utilities will shed insights on whether soaring natural gas prices will crimp investments needed to revamp electric grids and pursue clean energy projects when they report earnings starting this week.
NextEra Energy Inc., owner of the biggest Florida utility, and FirstEnergy Corp., which runs utilities in Ohio and Pennsylvania, kick off earnings season Thursday when they disclose their first-quarter results -- along with the impact of surging fuel costs.