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Stock Market & Financial Investment News

News Breaks
June 26, 2014
16:19 EDTCEP, EXCConstellation Energy settles lawsuit with Constellation Energy Partners Holding
Constellation Energy Partners (CEP) announced that it has settled the lawsuit brought by Constellation Energy Partners Holdings, CEPH, a subsidiary of Exelon Corporation (EXC), against CEP in the Court of Chancery of the State of Delaware. In conjunction with the settlement, CEP has paid CEPH $1.65M in exchange for all of the Class C member interests, also referred to as the “management incentive interests,” and Class D interests held by CEPH. Together these account for all of the Class C and Class D interests issued by CEP. Effective with the acquisition from CEPH, CEP cancelled the Class C and Class D interests. As a result of the settlement, the settling parties agree to file a stipulation in the Court of Chancery of the State of Delaware seeking dismissal of the Exelon Litigation with prejudice. The settlement agreement includes mutual releases among the settling parties.
News For CEP;EXC From The Last 14 Days
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April 1, 2015
12:39 EDTEXCOn The Fly: Midday Wrap
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11:59 EDTEXCDynegy, NRG Energy retreat after FERC postpones decision on PJM plan
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10:48 EDTEXCFERC head sees 'market uncertainty' from PJM deficiency letter
The Commissioner of the Federal Energy Regulatory Commission, Philip Moeller, said in a statement yesterday, "Today, staff issued a deficiency letter in this proceeding. In future deliberations in this proceeding, I will of course consider the totality of the record, including all of the responses to staff’s deficiency letter. Nonetheless, I believe that this proceeding already contains sufficient information to permit the Commission to issue an order on the merits of PJM’s proposal in advance of the May 2015 Base Residual Auction. Markets provide the best prices for both buyers and sellers when participants know the market rules. Regardless of whether the Commission ultimately decides to accept or reject PJM’s capacity performance proposal, by failing to act, the Commission is creating market uncertainty on issues that need clarity now. For this reason, I believe that we should have acted today on the merits of PJM's filings. However, this five-member Commission can only move forward on an order when we have three votes for action." Shares of companies to tied to PJM generation, including Dynegy (DYN), Exelon (EXC), NRG Energy (NRG), PSEG (PEG), PPL Corp. (PPL) and FirstEnergy (FE), are moving lower in early trading.
10:32 EDTEXCFERC deficiency letter to PJM prolongs uncertainty, says Deutsche Bank
Deutsche Bank notes the Federal Energy Regulatory Commission issued a deficiency letter to the PJM Interconnection relating to the Capacity Performance case. Deutsche views the letter as prolonging the uncertainty for investors in PJM generation stocks, namely Dynegy (DYN), Exelon (EXC), NRG Energy (NRG), PSEG (PEG), American Electric (AEP), PPL Corp. (PPL) and FirstEnergy (FE). Deutsche expects some weakness in the stocks, but says the FERC did not say no and that the deficiency letter implies they are giving the CP proposal serious consideration. The firm finds it more likely than not that something close to PJM’s Capacity Performance filing will be approved.
08:08 EDTEXCExelon management to meet with Deutsche Bank
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07:54 EDTEXCExelon volatility elevated
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March 31, 2015
07:19 EDTEXCExelon management to meet with Deutsche Bank
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March 30, 2015
07:51 EDTEXCExelon management to meet with Deutsche Bank
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05:53 EDTEXCStocks with implied volatility movement; MDLZ EXC
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March 27, 2015
12:01 EDTEXCPECO requests PUC approval to make infrastructure investments
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March 26, 2015
07:25 EDTEXCThe Economist to hold a forum
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