Utilities: risk v. value.

Given the ongoing falls in UK utilities and the inertia effect it seems to having on my own portfolio, its interesting to read Citi's comments that much of the risk is now being discounted and value has appeared (uk.webfg.com: Downside for United Utilities now limited even if nationalised, Citi says).

Is this enough to sway investors and begin a fightback for these companies?