They show generally warmer than normal conditions on both coasts. This will benefit utilities' earnings. I noted that Accuweather's Joe Bastardi has a similar analysis--probably he got a lot of his ideas from the CPC guidance. Even if this does not occur, it is quite possible that the forecasts alone will drive up the near-term prices of the major electrical utilities. This does happen.
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The Climate Prediction Center (CPC) of NOAA has issues its forecasts for this summer:
Jun 28 13:06 pm
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All Comments by Geoff Considine »Unique Diversification Benefits of Utilities [View article]
www.cpc.ncep.noaa.gov/...
They show generally warmer than normal conditions on both coasts. This will benefit utilities' earnings. I noted that Accuweather's Joe Bastardi has a similar analysis--probably he got a lot of his ideas from the CPC guidance. Even if this does not occur, it is quite possible that the forecasts alone will drive up the near-term prices of the major electrical utilities. This does happen.