In the utility sector, the political and regulatory framework is very important.
E.ON is optimizing how they deal with a good problem for a company to have: they have a lot of money and they have to find a use for it.
Utilities are always rather dependent on interest-rate developments as a proxy to bonds.
Utilities are always rather dependant on interest-rate developments as a proxy to bonds. Had interest rates increased, then bonds would have become more attractive. As it is, the competitive advantage of utilities has remained.
