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Income Insights

Dominion Energy: Beyond the Scana Merger

By Roger S. Conrad on Dec. 15, 2018
This week, Dominion Energy (NYSE: D) is set to reap the reward for its bold takeover of Scana Corp (NYSE:SCG) as the South Carolina Public Service Commission has approved the merger.

Utility Bidding Wars Heat Up

By Roger S. Conrad on Apr. 28, 2018
Many investors have been turned off by AES Corp's expansive operations in volatile emerging markets, but now its shares have the wind at their back.

Sempra Energy’s Takeover Offer for Oncor Electric Delivery: Fourth Time’s a Charm?

By Roger S. Conrad on Aug. 25, 2017
Sempra Energy's takeover offer for Energy Future Holdings--the fourth bid that brought before the Public Utility Commission of Texas--has a good chance of securing approval, though some adjustments may be necessary.

Utility Regulators Grow More Assertive on M&A Terms

By Roger S. Conrad on Jul. 22, 2017
Mergers and acquisitions continue apace in the utility sector, but regulators have grown more assertive about ensuring that these deals happen on their terms.

A New Trend in Utility M&A?

By Roger S. Conrad on Jun. 23, 2017
Does Eversource Energy's recently announced acquisition of Aquarion Water mark the start of a new trend in utility mergers and acquisitions?

What’s Next for Utility M&A?

By Roger S. Conrad on Sep. 21, 2016
It's been an active year for mergers and acquisitions in the utility sector. We discuss our key takeaways from a major deal that closed ahead of schedule and highlight some of the main themes that will be in play going forward.

Utility M&A Update

By Roger S. Conrad on Sep. 7, 2016
Consolidation continues apace in the utility sector, as operators seek to take advantage of frothy stock prices to improve their economies of scale and increase their exposure to growing demand for natural gas. We update our takes on the various pending acquisitions involving the more than 200 essential-services stocks that we cover in our Utility Report Card.  

M&A Analysis: Great Plains Energy and Westar Energy

By Roger S. Conrad on Jun. 8, 2016
The minimal premium involved in Great Plains Energy's proposed takeover offer for Westar Energy underscores how stretched valuations have become in the utility sector.

Let’s Make a Deal: Utilities Take Advantage of Pipeline Companies’ Pain

By Roger S. Conrad on May. 2, 2016
Consolidated Edison's recently announced joint venture with Crestwood Equity Partners LP is the latest example of a utility leveraging its position as a demand-side customer and its low cost of capital to pursue ambitions in the midstream segment. Expect this trend to gain momentum in coming quarters.

More Deals on the Horizon for Exelon?

By Roger S. Conrad on Apr. 19, 2016
Exelon Corp finally closed its acquisition of Pepco Holdings. Could another deal be in the utility's future?

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ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b