Epstein Secrets

upward pressure on prices of up to $5/MWh, excluding potential pressure on gas prices. MISO said that in the medium-term, gas infrastructure in the Midwest would require $2 billion investment to meet resource adequacy needs (as much as 10 GW by 2016) in addition to harmonizing with the electricity marke

on the HY utilities we cover, provide credit and industry data and graphs, and summarize recent company and industry news. Over the last month, the Utilities sector underperformed the high yield index, returning 1.37% to HY's 2.74%. In the present monthly, we include an estimate of key IPPs sensitivity t

down on more than 50% =ninsured drivers while women driving to present multiyear volume growth =tory. Cole Mackay, CFA, =irector Emerging Europe, Middle East & =frica Equity Sales Bank of America Merrill =ynch 2 EFTA_R1_01638375 EFTA02507623 Office > This material was prepared by Sales personnel of =a

and electricity tariff hikes Types of =upport for the sector from the government Healthcare: no =urprises Telecom: =owards the end of the tunnel? Utilities: a =alancing fund to manage the transition Commodities: as =ood as it gets for OPEC Disclosures Research =nalysts lean-Michel Saliba MENA Econom

preferred cyclical sectors. We also like Energy. e We are cautious on Materials, where we expect margin pressure to continue, as well as Telecom and Utilities, due to high valuations. Strategic (1 to 2 years) °¢ We like medium-sized US companies, which should benefit from robust earnings growth in the lon

ural commodities, especially for corn, should still weigh on the grain complex towards the end of the year. Some short-term price support from dry US Midwest weather conditions in recent weeks is not altering our negative stance. Soft commodities are also battling with higher inventories, which will not bo