By Jean-Hugues de Lamaze, Senior Portfolio Manager at the Ecofin Platform of Tortoise in the UK, in London
Today, we would like to talk about utilities worldwide. A key day to speak about utilities actually as we just heard this morning additional negative news about California’s PG&E (PCG), one of the largest utility groups in the U.S. The judge has decided to terminate PG&E’s exclusivity, meaning this will most likely increase dramatically the compensation amounts related to wildfires of the past couple of years, thereby accelerating the company’s fall. So a dramatic situation. PG&E actually