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Feature Article

Elections 2020: Utilities Score Big With Status Quo Plus

By Roger S. Conrad on Nov. 9, 2020

Elections have consequences. And when businesses are as tightly regulated as utilities, investors must always keep a clear, non-partisan eye on the implications of results.

Contrary to popular belief, the most important election results to watch are always at the state level. And this year featured nearly 6,000 individual legislative races in 44 states, as well as governors’ races in 11.

In addition, voters in Arizona and Montana directly elected members of their respective public service commissions. And several states featured critical ballot measures, most notably Boulder, Colorado’s proposed franchise extension for Xcel Energy (NYSE: XEL).

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