ESG & Utility Credit Ratings

What’s happening? Moody’s Investor Service this week said that ESG standards have a negative impact on utility CREDIT ratings, especially if the utility owns generation.

Why is this important? PG&E and Edison have both seen recent credit ratings downgrades

How will this be important? Not only is this tied to sustainability and climate issues such as severe weather events, but mitigation can occur and can occur in other aspects of ESG such as governance.

Utility Dive | ESG issues weigh on utility credit ratings, particularly PG&E, Edison and FirstEnergy: Moody’s