Hauppauge, NY (PRWEB) April 11, 2013
Target Rock Advisors, creators of the Sustainable Utility Leaders Index (SULI), presented the component utilities that are part of Target Rock’s two utility indexes at the Edison Electric Institute (EEI) Strategic Issues Roundtable held April 3 – 5, 2013.
Utility companies, which have traditionally been stable dividend paying investment vehicles, have made great strides in recent years implementing renewable energy and energy efficiency programs. As a result, many investors, including funds focused on sustainability are beginning to consider holding shares of the best utilities.
At the EEI Strategic Issues Roundtable, held last week in Bonita Springs Florida, Target Rock founder and Managing Partner Richard Rudden introduced the utility companies who would be tracked as part of the 2013 Target Rock Sustainable Leaders Indexes based on their outstanding performance in across the dimensions of economic performance, environmental stewardship and social governance. “The companies selected for inclusion in the SULI indexes represent the best of the best of the nation’s utilities,” stated Rudden. “Not only did their stocks outperform other utility stocks as a group over the last ten years the SULI indexes outperformed the traditional indexes represented by S&P and the Dow.”
Rudden also addressed trends in sustainable and socially responsible investing and how these trends might affect the US utility industry. To learn more about how the index is calculated visit http://www.targetrockadvisors.com/sustainable-utility-leaders-index/description/ and to obtain a copy of his presentation visit http://www.targetrockadvisors.com/research-reports/.
About Target Rock
Target Rock Advisors, LLC provides research, data and analytics, as well as related consulting services to utilities, the financial community and related industries. The Target Rock sustainability assessment, scoring and ranking processes draw from a complex benchmarking model containing more than 2 million data points and 420 performance indicators. The Target Rock Sustainable Utility Leaders Index* tracks the stock market performance of the top-performing companies chosen from Target Rock’s assessment and ranking process. Data from the company’s assessment and ranking process also helps utilities by providing benchmarks for achievement in a variety of sustainability-related activities.
The Edison Electric Institute (EEI) is the association of U.S. Shareholder-Owned Electric Companies. Our members serve 95 percent of the ultimate customers in the shareholder-owned segment of the industry, and represent approximately 70 percent of the U.S. electric power industry. For information about EEI, visit http://www.eei.org; for information about the Strategic Issues Roundtable (open to EEI members only), visit http://www.eei.org/meetings/meeting.aspx?EEIEventId=B3CFEC43-0F3A-42E1-BECE-B62ABF9D653B.
- The Sustainable Utility Leaders Index (SULI or the “Index”) is the exclusive property of Target Rock Advisors, LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indicies LLC) (“S&P Dow Jones Indicies”) to calculate and maintain the Index. S&P is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS); Dow Jones is a registered trademark of Dow Jones Trademark Holdings, LLC (“Dow Jones”); and these trademarks have been licensed to S&P Dow Jones Indicies. “Calculated by S&P Dow Jones Indicies” and its related stylized marks have been licensed for use by Target Rock Advisors, LLC. Neither S&P Dow Jones Indicies, SPFS, Dow Jones nor any of their affiliates shall be liable for any error or omissions in calculating the index.