Energy Consumption Had a Surprising Dip
There is a surprise in energy consumption data. The Energy Information Administration (EIA) publishes electricity consumption data for each month. Summer figures are in, and national consumption was down from 2011 levels. The impact on utilities, particularly generating utilities, will be reflected in their quarterly earnings.
Summer is the critical period for most North American generating utilities. It is when residential, commercial and industrial consumers consume the most energy to run millions of air conditioning units. It is also when utilities expect the highest rates. Generating utilities look forward to booking their highest margins in the summertime. That is, unless demand for energy drops....587 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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