US utilities gain on rate cut hopes

Sempra

22/08/2025 16:03

** Shares of U.S. utilities rise, tracking Wall Street gains on interest-rate cut hopes

** Wall Street's main indexes climbed more than 1% after U.S. Federal Reserve Chair Jerome Powell pointed to a possible interest-rate cut at the central bank's next policy meeting during his speech at the Jackson Hole Symposium

** Lower interest rates reduce borrowing costs for utilities, which usually need more capital for expenses such as maintaining the electric grid

** Vistra Corp VST.N up ~2%, Eversource Energy ES.N rises 1%, and Edison International EIX.N gains 1.7%

** NextEra Energy NEE.N up marginally, Sempra SRE.N gains 1.7% and Dominion Energy D.N rises ~1%

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))