What affect will the East Coast Storms Have On NGG?
Conn. in particualr. All those one worlder financiers in the dark/cold for weeks, that can't be good for NGG? Will there be retaliation from all those NY Lawyers on NGG? When are the hearings? What if they slap a cost of power produced, price of power sold tax on all of NGG's profits, instead of letting them take those profits home tax free from nafta zone as a punishment? Those rich folks in Conn. and Mass aren't happy, with NGG's subsidiaries. If NGG had to pay income tax on it's US profits in the US would it cripple NGG?
Storms come and go. They have little effect long term. Political hacks whine for a while, but in the end they have to let the company earn a fair return and reinvest enough in the infrastructure to keep energy flowing to the users.