Q: Good morning,
Recently President Biden announced there would be a
$600 million investment in the Florida power grid to provide reliable power during a hurricane. Is this a positive for EMA.
Cheers,
Carl
Recently President Biden announced there would be a
$600 million investment in the Florida power grid to provide reliable power during a hurricane. Is this a positive for EMA.
Cheers,
Carl
5i Research Answer:
Yes; to a degree. EMA has indicated that about 75% of its capital plan is to be invested in the State. So any investment will help it with distribution. That being said, EMA is a $15B company and $600M spread across multiple entities is not likely to make a huge material difference to the company.