The Opportunity:
- Broad range of equity investment levels from $15-$250 million. Investors may start small and ramp up.
- Allowed ROEs, as set by commissions, are in the 10% range. Achieved project ROE potential is greater, with a low risk profile.
- EBITDA increases of 30+% in selected targets
- Excess costs
- Institutional mindset
- Spending the next rate increase
- Cost and burden of filings every 3-5 years
- Regulators historically grant 50-80% of request based on performance and reputation