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Stock Market & Financial Investment News

News Breaks
May 12, 2014
04:55 EDTYGE, YGE, WEC, WEC, PPL, PPL, SO, SO, NU, NU, ITC, ITC, HSOL, HSOL, FE, FE, EIX, EIX, D, D, CMS, CMS, BEP, BEP, ADES, ADESDeutsche Bank to hold a conference
8th Annual Clean Tech, Utilities & Power Conference to be held in New York on May 12-13.
News For ADES;BEP;CMS;D;EIX;FE;HSOL;ITC;NU;SO;PPL;WEC;YGE From The Last 14 Days
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May 26, 2015
09:15 EDTITCITC files Canadian permit application for Lake Erie Connector project
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May 25, 2015
20:16 EDTSOMississippi utility company pulls out of Southern Co. project, WSJ says
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May 22, 2015
16:13 EDTFEFirstEnergy files automatic mixed securities shelf
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May 21, 2015
17:20 EDTPPLTalon Energy Corp. to replace Windstream in S&P 400 as of 6/1 close
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15:54 EDTWECPSCW approves Wisconsin Energy acquisition of Integrys Energy
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12:01 EDTSOSouthern Company subsidiary acquires 103-MW Georgia solar project
Southern Company (SO) subsidiary Southern Power acquired the 103-megawatt Butler solar facility from Community Energy in Georgia. The project, which was initially developed by Community Energy was selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative. The facility, which will be located on approximately 1,070 acres in Taylor County, Georgia, is expected to enter commercial operation in the fourth quarter of 2016. Construction is slated to begin in September 2015, with First Solar (FSLR) managing the building, operations and maintenance of the facility. The Butler solar facility is expected to consist of more than 1 million of First Solar's thin-film photovoltaic solar modules mounted on single-axis tracking tables. The electricity and associated renewable energy credits generated by the facility will be sold under a 30-year power purchase agreement with Georgia Power, which will have the option to keep or sell the RECs, for the benefit of its customers or renewable energy programs.
09:23 EDTDDominion 2.8M share Spot Secondary priced at $72.10
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May 20, 2015
16:45 EDTDDominion completes planned $500M market equity issuances for 2015
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16:39 EDTDDominion files to sell 2.8M shares of common stock
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11:13 EDTPPLPPL Corp. Chairman says company poised for growth following spinoff
PPL Corporation Chairman William Spence said the company is well-positioned for continued growth and success following the planned June 1 spinoff of its competitive supply business. PPL expects to achieve compound annual earnings growth of 4%-6% percent through at least 2017. The company is set to complete the spinoff of its PPL Energy Supply business on June 1. That business will combine immediately upon spinoff with the competitive generation business of Riverstone Holdings LLC to form a new independent power producer named Talen Energy Corporation.
08:07 EDTFEFirstEnergy to hold a meeting
Fixed Income Investor Meeting is being held in New York on May 20 at 11 am.
05:28 EDTYGEYingli Green Energy responds to media coverage of its ability as going concern
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May 19, 2015
08:47 EDTYGEYingli Green Energy seeks strategic investor, Bloomberg reports
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08:10 EDTSOHouse Energy & Commerce Committee to hold a hearing
The Energy & Power Subcommittee holds a hearing entitled, "Discussion Draft Addressing Energy Reliability and Security" with Director Bardee of FERC, President & CEO Fanning of Southern Company, Executive Vice President Dominguez of Exelon Corp., and Vice President Heitman of ABB, Inc. on May 19 at 10 am. Webcast Link
07:11 EDTSOWolfe Research to hold a conference
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May 18, 2015
07:14 EDTCMSAmerican Gas Association to hold a forum
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May 15, 2015
17:29 EDTSOSouthern Company: Construction to begin on Georgia Power 3x30 solar projects
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12:39 EDTITC, EIXWells identifies NextEra, Sempra as among favorite utility names
Utilities as a group have dropped in recent months and there are several names in the sector that offer relative value and exposure to secular growth trends, Wells Fargo stated in a note to investors today. WHAT'S NEW: The utilities sector is trading at a forward multiple that is 93% of the S&P 500, versus the ten year average of 102%, according to Wells. Moreover, utilities are "slightly cheap" relative to interest rates, the firm thinks. NextEra Energy (NEE) and Sempra Energy (SRE) have the best growth opportunities in the utility space, according to Wells. They also have proven management teams and are well-positioned to exploit long-term trends, including renewable energy and energy infrastructure, the firm believes. ITC Holdings (ITC) has reached an attractive entry point and, to a degree, offers a near-term hedge against an interest rate increase, according to the firm. Edison International (EIX) and Xcel Energy (XEL) are underappreciated regulated utilities, added Wells. Edison trades in-line with its peers despite superior EPS growth potential and Xcel trades at a 3%-6% discount to the sector despite its at least in-line EPS growth and comparable regulatory risk, which might ease, the firm added. PRICE ACTION: In early afternoon trading, NextEra rose 0.5%, Sempra gained 0.6%, Edison added 0.6%, Xcel climbed 0.4% and ITC was little changed.
07:49 EDTEIX, ITCWells Fargo identifies favorite utility names
Wells Fargo says that NextEra Energy (NEE) and Sempra Energy (SRE) have the best growth opportunities in the utility space as well as proven management teams, and are well-positioned to exploit long-term trends. ITC Holdings (ITC) has reached an attractive entry point, and, to a degree, offers a near-term hedge against an interest rate increase, according to the firm. Edison International (EIX) and Xcel Energy (XEL) are underappreciated regulated utilities, added Wells.

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