The U.S. Federal Reserve has finally lowered the benchmark rate by 50 basis points, bringing down rates to a range of 4.75%-5% from the 5.25%-5.5% range. The rates were lowered for the first time in four years, much in line with the expectations of the financial market. Capital-intensive domestic-focused utilities will benefit from the Fed's decision to reduce interest rates. The performance of the rate-regulated utilities remains steady through different economic cycles, and it allows them to reward shareh ...