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How These California Utilities’ Free Cash Flows Look

Vincent Kruger
How These California Utilities’ Free Cash Flows Look

In this article, we’ll take a look at these California utilities’ free cash flows. Notably, none of the three top California utilities have generated positive free cash flows in the last few years. Free cash flow is generally calculated as the difference between operating cash flow and capital expenditure. It’s a vital metric to use in measuring utilities’ performances, as free cash flows are used for dividend payments and expansions.