Utilities face funding squeeze as rates rise and shares underperform
Merrill Lynch analyst Carl Seligson warns electric utilities struggle to finance operations as market conditions force new equity below book value. With average returns near 12 percent and 70 percent payout, issuing stock at depressed prices erodes asset value and earnings per share, risking further below book value offerings and reduced capacity to meet demand. The pattern echoes 1974 75 as utilities face limited flexibility and ongoing capital needs.
MENTIONED IN THIS ARTICLE
Seligson
U S pays homeowners for conserving fuel
The Energy Act offers a 15 percent tax credit up to $2,000 for approved heating improvements including flame-retention oil burners thermostats night set-back devices intermittent ignition and flue dampers. The max credit is $300 against the current or next income tax return. Dampers reduce waste heat by closing during burner off times and opening when on. Certified by AGA and UL, dampers must be installed by qualified contractors for safety. Homeowners are cautioned against DIY or pushy new tax credit firms and urged to hire experienced, reputable heating contractors.
MENTIONED IN THIS ARTICLE
American Gas Association
A.G.A
Underwriters Laboratories
U.L
Federal Energy Administration
Woolworth reports 1978 third quarter results and nine month gains
F W Woolworth Co reports 1978 third quarter net income of 4 million or 8 cents per share, with 50 million or 1.65 per share for the nine months. Consolidated sales reach 1.5 billion in Q3 and 4.1 billion for the nine months, vs 1977 figures. Detached notes reference related international earnings and group entities.
MENTIONED IN THIS ARTICLE
F. W. Woolworth Co
F. W. Woolworth and Co., Limited
Great Britain
New High's store opens in Blue Ridge Summit
Arew High's store on Rt 16 Blue Ridge Summit opened Thursday Nov 16 under Mrs Susan McLaughlin. Hours are 7 am to 11 pm daily except Christmas Day. The larger Blue Ridge Summit location features a parking lane and handicapped camp. Grand opening set for Nov 29. early hours planned during deer season to serve hunters.
MENTIONED IN THIS ARTICLE
Arew High
Rt. 16
Blue Ridge Summit
Susan McLaughlin
Area High
McLaughlin
Also Mentioned on This Page
Sathon
Carl Seligson
Merrill Lynch White Weld Capital Markets Group
U.S
Ft Mit Len
Woolworth Reports
Rustler Steak Houses
Baltimore City
Junior Achievement of
Metropolitan Baltimore Inc
Junior Achievement
Rustler Steak House
Blair and Ebenezer Roada
Perry Hall
David Morgan
John D. Healey
Rustler
Baltimore County
Aene Arundel
Howard
Carroll Counties
Baltimore
Owings Mills
Pikesville
Glen Barnie
Ellicott City
Brooklyn Park
Annapolis
Pasadena
Washington
D. C
Philadelphia
U. S 49
W. Frederick County Square
GAF
South Carolina
Tative
Chester
S. C
Fontana
Calif
FSK
Frederick Francis Scott Kay
Teeay
Carpetiow
Beasty Conor
Tee Cnaty Mae Forte
Chet Come
Cere
He Cat Petowne
New High’s
Lowes
Zenith
YCR
Stere O
Dee
Eseletty
Qaunhan
Oma
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