【出版时间及名称】：2009年12月美国电力行业研究报告
        【作者】：瑞士信贷
        【文件格式】：PDF
        【页数】：65
        【目录或简介】：
Table of contents
Executive Summary 3
Major Takeaways from These Screens 4
Where to Find More Numbers 7
Updating Estimates and Target Prices 8
Our Positioning 8
What’s in the Stocks? 12
Valuation 12
Street Estimates 16
Commodity Prices 17
Earnings Sensitivity to Natural Gas Prices 18
Power Demand 21
Our Outlook for Power Demand 21
A Look at Alternatives 23
Earnings Sensitivity to Demand Growth 24
Putting Commodity and Demand Together 25
What about the Environment? 26
EPA Action 26
Our Analysis 27
Federal Legislation 34
Valuation 36
Updated Valuation Assumptions 36
Looking at EV/EBITDA and P/E Multiples 37
Relative Valuation (versus S&P) 39
Appendix A – Earnings and Valuations by Scenario 40
Appendix B – Annual Earnings and Valuations by Company under Each Scenario 50
Appendix C – Power Prices 61