Last night, Americans were glued to their televisions while ballots were counted precinct by precinct in the hotly contested US mid-term elections. Although there were a large number of election surprises, the outcome was clear and the Republicans won the Senate – taking full control of Congress.
We have put together some of our notes on how election results could impact utilities and your investments. Now that the results are clear we will continue to research and analyze the impact that Washington may have on your portfolio. Subscribe to Conrad’s Utility Investor to stay informed.
Although the uncertainty of election season usually induces a few wobbles in the stock market, you can count on more gridlock in Washington no matter which party comes out on top in the Senate. And the level of rancor will only increase as the 2016 presidential election approaches.
For the more than 200 essential-services companies covered in my Utility Report Card, gubernatorial elections have far more important regulatory implications. And a dozen of these races are still too close to call.
Here’s my abbreviated take on a number of key gubernatorial elections and what could be at stake for utilities.
The November issue of Conrad’s Utility Investor will include a full wrap-up and analysis of federal and state election results. We’ll also look at the implications of Dilma Roussef’s narrow victory in Brazil for Companhia Energetica Minas Gerais (Sao Paulo: CMIG4, NYSE: CIG) and the country’s other electric utilities.
If you haven’t already subscribed to Conrad’s Utility Investor, sign up for a risk-free trial today to make sure that you don’t miss out on this must-read issue and my favorite dividend-paying utility stocks.