11. Large capitalized stocks such as Tenaga, a power utility, and phone company Telekom Malaysia Bhd paced the gains. 12. Overseas investors anxious for expansion have flocked to Victoria, the first state in Australia to sell its power utilities, to seek out the electricity assets. 13. Power utilities have been among the most active shoppers in Canada. 14. Power utilities vaulted higher on optimism they will benefit from lower debt costs and from the heightened allure of their relatively big dividends. 15. Power utilities vaulted higher on optimism they will benefit from lower debt costs and from the heightened allure of its relatively big dividends. 16. Plus, PT Perusahaan Listrik Umum Negara, or PLN, the state-owned power utility, is expected to cut the prices it pays to electricity producers. 17. Tenaga shares rose after the power utility took steps to reduce its future foreign exchange risk by raising funds through bond sales in the local market. 18. The government has pledged to offer investors minority stakes in the electric-power grid and other power utilities. 19. The power utility, known as Meralco, services an area accounting for a third of economic output. 20. The power utility reckons it has a stronger story to sell to investors than its rivals. |