Global listed infrastructure companies, on average, were up 8.6 percent in January, according to the Global Listed Infrastructure Organization coverage of the market. In comparison, global equities increased 8 percent in January. During the past 12 months, global infrastructure has added 6.6 percent compared to a decline of 6.7 percent by global equities.
Global utilities were up 5.1 percent in January
Electric utilities were up 3.7 percent and multi-utilities gained 10.4 percent in January.
Top U.S. performers were Southern Company (10.7 percent), PPL (10.6 percent) and Centerpoint (9.5 percent). PG&E moved forward with its plan to file for Chapter 11 on January 29. PG&E is the nation’s first utility forced into bankruptcy by potentially massive legal bills from wildfires. Global water utilities added (9.7 percent) in January and gas utilities advanced (4.9 percent) during the month. In Europe, Engie (11.7 percent), SSE (11 percent) a