Time to spark a revolution in the power utility sector
North American power utilities are grappling with a growing crisis and dramatic changes are needed.
Nearly all the utilities on the continent (privately held or Crown corporations), and even some Brazilian hydroelectric companies that trade on the New York Stock Exchange have negligible or outright negative free cash flow.
The reasons should concern Canadian taxpayers and ratepayers.
Power utilities across the world face new challenges, nearly all of which have to be met with larger amounts of capital, including: