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Bribery probes overshadow improving sales for US electric utilities in Q2

Aug 17, 2020 - SNL Energy Finance Daily
Financial Results

"Most companies are set up OK for the rest of the year," Guggenheim analyst Shahriar Pourreza said, noting that many utilities discussed how the impact of the coronavirus on their bottom line "may not be as bad" as initially forecast.

The potential fallout from multiple investigations into political bribery dampened a second-quarter earnings season where U.S. electric utilities otherwise demonstrated an ability to weather the financial impact of the COVID-19 pandemic, with the investment c...