Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

Account Closed
  • Palatka, FL
1
Votes |
2
Posts

New Utility Company Buying Previous One

Account Closed
  • Palatka, FL
Posted
Hi all! Like many, I'm new to the forums but have been listening to the podcasts for quite some time. Something of interest came up in a Florida market I thought some of you may be interested in. A state/nationwide electric utility (Florida Power and Light) is trying to acquire a municipal utility in Vero Beach, FL. I'm not trying to hide any details, I just want to learn how some others may take action on this information. Some questions I have: Does a large and successful company moving into a regulated utility market drive land/home value up, and how fast? I suspect it won't add nor remove any jobs from the local market (maybe +- 5% of the jobs in the specific business) so I'm not sure how much the market will be impacted, but the power quality and reliability will undoubtedly go up over time possibly making for a good buy-and-hold action. I may be of additional help because of my background in electric utilities as an electrical engineer, so if you have any questions for me please feel free to reach out. Sorry I don't have a photo or anything fancy yet, but I promise I'm a real person with equally real goals! My best, Austin

Loading replies...