July 2022 / VIDEO
Clean Energy Transition Should Be a Tailwind for Utilities
The clean energy transition should be a long-term tailwind for utility stocks.
Key Insights
- The energy transition should give regulated electric utilities opportunities to grow their rate base, earnings, and dividends through clean energy projects.
- Removing the recurring fuel supply costs associated with legacy power plants could help renewable energy projects to lower customers’ bills or keep them flat.
- We seek to identify utilities that we believe can compound value by consistently growing faster than their peers. Valuation discipline is also critical.
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July 2022 / INVESTMENT INSIGHTS
Vineet Khanna is an investment analyst covering utility companies as part of the natural resources team in the U.S. Equity Division. He is a vice president and Investment Advisory Committee member of the Global Real Estate Equity, Global Natural Resources Equity, and US Value Equity Strategies. Vineet is a vice president of T. Rowe Price Associates, Inc.
