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Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:01 EDTDTE, NEEDTE Energy buys Brookfield Township wind park from NextEra Energy
DTE Energy (DTE) has exercised its option to purchase one of the two Pheasant Run wind parks from a subsidiary of NextEra Energy Resources (NEE). The 75-megawatt Pheasant Run II wind park in the Thumb area's Huron County will be renamed the Brookfield Wind Park as a result of the purchase. Operating since earlier this year, it will shut down for one to two weeks to accomplish the ownership transition and convert the communication infrastructure. A subsidiary of NextEra Energy Resources will continue to own and operate Pheasant Run I, the energy from which will continue to be purchased by DTE Energy.
News For DTE;NEE From The Last 14 Days
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September 17, 2014
07:36 EDTNEEWolfe Research to hold a conference
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September 16, 2014
07:18 EDTDTEDTE Energy says long-term plans supports continued 5%-6% operating EPS growth
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07:15 EDTDTEDTE Energy reaffirms FY14 operating EPS view $4.20-$4.40, consensus $4.41
Comments from slides that will be presented at the Bank of America 2014 Power & Gas Conference.
September 3, 2014
08:37 EDTNEENextEra Energy management to meet with UBS
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07:29 EDTDTEDTE Energy repeats FY14 operating EPS view $4.20-$4.40, consensus $4.41
Says 'confident' in FY14 operating earnings guidance. Says on track to achieve FY14 cash flow guidance of $1.2B. Sees FY14 CapEx $2.33B. Says long-term plan supports continued 5%-6% operating EPS growth. Seeking over $1B in operating earnings by 2018. Says electric utility investing $6.7B in three growth areas through 2018: base infrastructure, generation compliance, new compliance. Says gas utility making $1.2B of reliability and pipeline integrity investments through 2018. Says power & industrial projects targeting $155M of operating earnings by 2018. Comments from slides that will be presented at the Barclays Energy Conference.

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