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Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.19 per Share

A way for energy investors to ride the AI boom

Investors looking to ride the artificial-intelligence wave have turned their eyes to a sleepier corner of the market—companies that own and operate power plants. Is the run-up justified?

WindAction | The multibillion-dollar clean energy bet gone wrong

Then the problems started mounting. American workers’ wages soared after the pandemic, while Russia’s invasion of Ukraine sent commodity prices skyrocketing. The Federal Reserve’s rate increases drove up the cost of borrowing for billion-dollar developments. A global backlog of wind farm plans created a shortage of the vessels needed to haul turbines and their foundations from ports to job sites in the ocean. Delays stacked up. “The problem is the cost has spiraled out of control,” Bartlett said.

A Clean-Energy Bet Goes Bad for Power Companies

Offshore wind turbines are proving too risky for many utilities.

Reaves Utility Income Fund Announces Regular Monthly Distributions Of $0.19 Per Share