Friday, February 07, 2020

Stock Price Push Powers Kansas Clean Energy Effort That'll Cost Customers Dearly

An important reminder about rising prices and how big money investors hope to save the planet whilst boosting their bottom line. Take a look:

Hedge Fund Pushes Kansas Utility Away From Coal, Toward Wind and Solar

TOPEKA, Kansas - Curtis Sneden remembers what impatient investors did to Topeka-based Payless Shoes. Pressure for profits now and the bankruptcy that followed. Now the president of the Greater Topeka Chamber of Commerce looks at regional utility giant Evergy and worries what might come of pressure from activist investment firm Elliott Management Corp.'s demands for a higher stock price.

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