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Fly News Breaks for September 14, 2017
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Sep 14, 2017 | 10:46 EDT
Goldman Sachs analyst Michael Lapides noted that Virginia's Supreme Court upheld the state's legislation extending its utility regulator's biennial rate reviews. This ruling likely means that Dominion's Virginia Power will not face full rate reviews or a rate case docket until at least 2022, which removes the overhang of risk that a review could lead to rate changes that present a headwind to Dominion's EPS, he tells investors. Lapides keeps a Neutral rating and $78 price target on Dominion shares.
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