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Attack of the Zombie Debt

Some 13% of companies may be zombies. (Source) Zombie. A word reserved for Halloween no more. Zombies have hit Corporate America. Defining a zombie company depends on which finance person is asked. Here’s a Fortune magazine version:…
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The JEA List and Future of Power

Are some public power and water utilities starved for cash or challenged by the depth of resources needed for the future? The question is a natural as the list of companies is revealed to possibly purchase JEA, the Jacksonville, Florida,…
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Utilities: A Capital Intense Business

Intense is a good word for the electric utility business. Capital intense to be specific. Capital flexibility is another and may be even a better way to look at corporate financial health and the ability to serve utility customers. Capital…
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Looming Santee Cooper Debt Could Be Eliminated

Santee Cooper. It has been the debt. It still is the debt. Customers continue to be on the hook.  Santee Cooper’s business forecast lacks action. The recently released Santee Cooper business forecast released September 9 said, in part: “The…
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Santee Cooper - Till Debt Do Us Part

When you dig yourself into a deep hole, stop digging. ECC has said that before about Santee Cooper, its debt, the negative news, the ongoing odd decisions. It’s customer money out the door, and money that will have to go out the door…