What You Should Know About Investing In Public Utilities
Law360, New York (October 1, 2012, 1:13 PM EDT) -- In a recent order, the U.S. Federal Energy Regulatory Commission asserted jurisdiction over a fund manager and a group of funds that intended to acquire a 35-percent stake in a public utility. This order is a good reminder that investments in public utilities can have unique and potentially burdensome consequences. Here are a few things to remember when considering investing in public utilities.
The FERC Regulates Public Utilities
What is a public utility? The definition is broader than one might expect. Public utilities are entities engaged...