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November 12, 2012
07:28 EDTCMS, AVA, SO, ETR, D, CNP, AEP, SCG, EDE, ED, BKH, PEG, DUK, LNT, ALE, AEE, AESEdison Electric Institute to host a conference
47th EEI Financial Conference is being held in Phoenix, Arizona on November 11-14.
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January 27, 2015
08:01 EDTALEAllete to buy 87% of U.S. Water Services for $168M
ALLETE announced that it has signed a definitive agreement to purchase U.S. Water Services, Inc., an integrated industrial water management company. ALLETE will initially purchase 87% of U.S. Water for $168M, based on a total implied enterprise value of $194M. Current employees and management of U.S. Water will continue to own the remaining 13%. ALLETE will purchase the remaining 13% interest in the future for a contingent amount based on U.S. Water’s future earnings. The transaction is expected to close upon satisfaction of customary closing conditions, including compliance with Hart-Scott-Rodino antitrust clearing requirements. U.S. Water generated revenue of approximately $120 million during 2014, and ALLETE projects future revenue growth of 10 percent to 15 percent annually. ALLETE expects the acquisition to provide long-term earnings growth and diversity, and have no material impact on 2015 earnings per share. ALLETE’s previously stated 2015 earnings guidance is unchanged, and excludes transaction costs. The transaction will be financed with a combination of cash, equity raised from existing programs and temporary short-term debt.
January 26, 2015
10:00 EDTCNPOn The Fly: Analyst Downgrade Summary
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07:46 EDTCNPCenterPoint Energy increases dividend 4.2% to 24.75c
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06:18 EDTCNPCenterPoint Energy downgraded to Neutral from Buy at Citigroup
Citigroup downgraded CenterPoint Energy to Neutral citing its conservative stance and revised valuation on Enable Midstream (ENBL). Citi lowered its price target for CenterPoint shares to $25 from $28.
05:08 EDTCMSCMS Energy dispatches crews, equipment to North East
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January 23, 2015
14:09 EDTCNPJPMorgan reports 5.7% passive stake in CenterPoint Energy
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08:31 EDTALEAllete raises quarterly dividend 3.1% to 50.5c per share
ALLETE announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 50.5c per share, an increase of 3.1%. On an annual basis, the increased dividend is equivalent to $2.02 per share. The regular quarterly dividend is payable March 1 to common shareholders of record at the close of business February 16.
January 22, 2015
13:09 EDTSOSouthern Company unit and HelioSage announce 120 MW of solar in Florida
HelioSage Energy and Gulf Power Company, a Florida investor-owned electric utility and subsidiary of Southern Company, have announced the development of three large-scale solar projects across Northwest Florida totaling 120 megawatts, or MW. Gulf Power and HelioSage have partnered with the U.S. Air Force and U.S. Navy to develop the solar facilities on three military sites along the Florida Gulf Coast. Once constructed, the projects will serve as the three largest photovoltaic solar facilities in Florida, and among the largest solar projects east of the Mississippi. Following approval by the Florida Public Service Commission, HelioSage will develop, finance, and operate the solar projects. The power generated by the facilities will then be sold to Gulf Power under a long-term Energy Purchase Agreement. Collectively, the solar facilities will produce enough energy to power over 18,000 homes each year. Construction is slated to begin early next year, with the projects reaching commercial operation by Q4 FY16. The solar facilities will be constructed at Eglin Air Force Base in Fort Walton Beach, 30 MW, Holley Naval Outlying Landing Field in Navarre, 40 MW, and Saufley Naval Outlying Landing Field in Pensacola, 50 MW.
13:01 EDTCMSCMS Energy board increases quarterly dividend by 7.4% to 29c
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10:02 EDTDUKDuke Energy to build 13-megawatt solar facility at Camp Lejeune
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January 21, 2015
17:16 EDTAVAAvista reaches settlement in Oregon natural gas rate request
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January 20, 2015
10:44 EDTAESAES Corp. management to meet with SunTrust
Meeting to be held in Atlanta on January 26 hosted by SunTrust.
January 19, 2015
10:59 EDTDUKFERC requests additional information to process Dynegy acquisitions applications
Dynegy (DYN) announced that the Federal Energy Regulatory Commission, FERC, issued a letter requesting additional information to process the applications filed with FERC on September 11 for approval of Dynegy’s acquisition of Duke Energy Midwest Generation (DUK) assets and retail business and EquiPower Resources and Brayton Point Holdings assets. The company plans to respond fully within the 30-day period however, due to this request for additional information, we do not expect the transactions to close by the end of the first quarter 2015. Dynegy, Duke and Energy Capital Partners remain committed to closing the transactions as quickly as possible. The only regulatory approval remaining is from FERC.
January 16, 2015
10:03 EDTLNTAlliant Energy raises dividend to 55c from 51c per common share
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January 15, 2015
17:58 EDTEDConsolidated Edison raises quarterly dividend to 65c from 63c per share
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January 13, 2015
15:19 EDTPEGMistras awarded multiyear inspection services contract by PSEG Nuclear
MISTRAS Group (MG), through its Power Generation Group, announces that it has signed a five year contract with PSEG Nuclear (PEG) to provide Nondestructive Examination inspection services in support of both refueling outages and on-line activities to be performed at PSEG Nuclear's Salem and Hope Creek Nuclear Generating Stations, located in Lower Alloways Creek, New Jersey.
10:00 EDTEDOn The Fly: Analyst Downgrade Summary
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10:00 EDTPEGOn The Fly: Analyst Upgrade Summary
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08:12 EDTEDConsolidated Edison downgraded to Sell from Hold at Evercore ISI
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06:31 EDTPEGPSEG upgraded to Neutral from Sell at Goldman
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