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Fly News Breaks for April 15, 2019
EIX
Apr 15, 2019 | 06:50 EDT
In a research note titled "Good Friday," Mizuho analyst Paul Fremont says Governor Newsom's strike force report supports his Buy rating on shares of Edison International. The report outlines three items that will have a positive impact to the state's investor owned utilities, Fremont tells investors in a research note. The Force will evaluate a liquidity-only fund/securitization, changes to inverse condemnation, and a catastrophic wildfire fund, adds the analyst. He believes investors were positively surprised with the strike force looking to tackle the issue related to inverse condemnation versus the expectation that this strict liability standard would be addressed in a future legislative session.
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