Electric utilities are facing a very challenging environment. Technologies like solar could undermine growth, risking that capital demands for maintaining infrastructure will increase the cost of borrowing, which, with declining demand, lead to losses in shareholder confidence.

via The Energy Collective – The world’s best thinkers on energy & climate http://theenergycollective.com/eliashinckley/275346/why-utility-downgrades-are-big-deal