Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to Fidelity, The Utilities Sector encompasses those companies considered electric, gas or water utilities, or companies that operate as independent producers and/or distributors of

According to Fidelity, "The Utilities Sector encompasses those companies considered electric, gas or water utilities, or companies that operate as independent producers and/or distributors of power." As discussed in class and illustrative of companies in the Utilities Sector, Duke Energy operates in the U.S. primarily through its direct and indirect subsidiaries in geographic areas being subject to regulation by the FERC and other regulatory agencies. Debt to total capitalization ratio, debt credit ratings, and corporate outlook may influence cost of capital. Comparing Nextera Energy Corporate FY2019 10K to FY2020 10K, debt to total capitalization was _____, S&P corporate credit ratings were ____ , Moody's Corporate outlook was ____ and interest rates paid by Nextera on corporate long term debt was ____ due to ____. Complete the sentence by selecting the single best available answer from those presented below.

Group of answer choices

out of compliance with covenants; still investment grade; still stable; lower; JPMorgan Chase Bank actions

still in compliance with covenants; still not investment grade; now negative; higher; JPMorgan Chase Bank actions

out of compliance with covenants; still investment grade; now negative; lower; U.S. Treasury actions

still in compliance with covenants; still investment grade; still stable; lower; Federal Reserve actions

out of compliance with covenants; still not investment grade; still stable; higher; JPMorgan Chase Bank actions

still in compliance with covenants; still investment grade; still stable; lower; U.S. Treasury actions

still in compliance with covenants; still not investment grade; not reported; higher; Federal Reserve actions

out of compliance with covenants; still not investment grade; now positive; higher; Federal Reserve actions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions