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5 Key Threats for US Utilities as Earnings Season Kicks Off
GreenTech Media: The coronavirus pandemic is wreaking havoc on the U.S. economy, and while electric utilities may be relatively sheltered from the storm that’s overtaking other economic sectors, they are not immune.
In the past month, crashing oil prices have roiled international energy markets and pushed some U.S. oil and natural-gas producers to file for bankruptcy. Meanwhile, electricity demand has taken a dive as businesses and factories have closed down under state orders or economic duress, leading the U.S. Energy Information Administration to predict a 3 percent drop in electricity generation over the course of 2020.
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