While the partisan battle for the US Senate this November makes headlines, the real action for investors is in the gubernatorial elections.
Winning governors will appoint state regulators, who set policy for everything from mega-mergers and customer rates to carbon dioxide emissions.
Much will depend on what happens in the six states where incumbents look vulnerable: Connecticut, Georgia, Hawaii, Illinois, Kansas and South Carolina. I’ll keep subscribers apprised of developments in these races, with a full wrap-up of results and their implications in December.
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