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July 29, 2014
07:27 EDTEIX, SO, DUK, PCG, D, EXC, AEPUtilities coping with new environment as electricity sales sputter, WSJ says
Electricity sales are looking anemic for the seventh year in a row and utility companies have had to abandon the assumption that electricity use tracks overall economic conditions, as the effects of regulations and technological changes have made it easier for Americans to cut down their power consumption, said The Wall Street Journal. However, this change has created a new environment for the capital-intensive utilities, which typically need to expand sales volume by 1% or more a year just to maintain their networks. Publicly traded electric utilities include American Electric (AEP), Duke Energy (DUK), Dominion (D), Southern Company (SO), Exelon (EXC), PG&E (PCG), and Edison International (EIX). Reference Link
News For DUK;AEP;D;SO;EXC;PCG;EIX From The Last 14 Days
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October 8, 2015
13:03 EDTDUKDuke Energy extends Foothills Transmission Line review process
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October 7, 2015
11:23 EDTEXCExelon, Pepco merger on track for year-end completion, CTFN says
After the three major parties opposing the merger of Exelon (EXC) and Pepco (POM) reversed course and offered support for the deal, the merger will be sent back to the District of Columbia Public Service Commission that previously rejected it, CTFN noted. Reconsideration is rare and there is some question if it should be handled as a formal reconsideration, a "re-opening" of the record, or a new merger application, though several experts say the process could be expedited so the regulators do not have to start all over, CTFN said. James Van Nostrand, director of the Center for Energy and Sustainable Development at West Virginia University, told CTFN that the PSC could issue a new ruling as quickly as 30 days, but that a 60 day timeline is more likely, which would mean a potential re-vote could happen around year-end. Reference Link
October 6, 2015
17:59 EDTEXCPepco, Exelon reach merger settlement with District of Columbia
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17:52 EDTEXCPepco, Exelon reach merger settlement with Washington D.C.
15:44 EDTEXCDC Mayor to announce negotiated settlement on Exelon/Pepco deal, Bloomberg says
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08:02 EDTAEPAmerican Electric management to meet with Deutsche Bank
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October 5, 2015
07:11 EDTAEPAmerican Electric management to meet with Deutsche Bank
Meeting to be held in Boston on October 5 hosted by Deutsche Bank.
October 4, 2015
16:56 EDTEXCExelon reaches tentative agreement in proposed Pepco deal, Bloomberg says
Exelon (EXC) has reached a tentative agreement with Washington D.C. over the company's proposed Pepco (POM) acquisition, reports Bloomberg, citing people with direct knowledge of the discussions. The preliminary agreement includes an increased number of customer credits and would also require Exelon to set up secondary headquarters in D.C., said one of the sources. Reference Link
October 1, 2015
17:21 EDTAEPAmerican Commercial Lines to acquire AEP River Operations
American Commercial Lines, ACL, announced it has signed a definitive agreement to acquire AEP River Operations from American Electric Power. AEP River Operations is a commercial inland barge company delivering approximately 45M tons of products annually. The company is based in Chesterfield, Missouri, with operations in Paducah, Kentucky; and Convent, Algiers and Belle Chasse, Louisiana. ACL, a portfolio company of Platinum Equity, is based in Jeffersonville, Indiana, and is one of the most diversified marine transportation service companies in the United States. ACL President and Chief Executive Officer Mark Knoy ran AEP River Operations for a decade before joining ACL in 2011. He said the proposed acquisition is a strong strategic fit.The transaction is expected to close in the fourth quarter of 2015, subject to regulatory approval and certain closing conditions.
16:55 EDTAEPAmerican Electric to sell AEP River operations to ACL for $550M
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13:50 EDTDDominion Virginia Power files for appproval for three large-scale solar projects
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13:45 EDTEXCRecent news supportive of Exelon-Pepco merger approval, says KeyBanc
After the Office of People's Counsel said it was pleased that Exelon (EXC) and Pepco Holdings (POM) were willing to offer additional consumer benefits through settlement discussions and D.C.'s Attorney General filed a motion to extend by 30 days the schedule to file comments on the proposed merger, KeyBanc analyst Paul Ridzon said he views both developments as supportive of the deal. The firm has an Overweight rating on Pepco shares.
12:54 EDTPCGOptions with increasing call volume
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10:37 EDTSOBofA/Merrill's Top 10 US Ideas for Q4 2015
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September 30, 2015
14:47 EDTSOGeorgia Power to open 11 new EV charging islands
Georgia Power announced that the company will open 11 new electric vehicle charging islands to the public on October 1. The new charging islands, located at Georgia Power properties across the state, mark the completion of the first phase of planned charging infrastructure being developed by the company which will include approximately 61 community charging islands for public use statewide by the end of 2016. Georgia Power is the largest subsidiary of Southern Company (SO),
13:02 EDTDUKDuke Energy sees Osceola County project on line in early 2016
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September 29, 2015
18:44 EDTDUKDuke Energy to pay $7M over alleged groundwater violations
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17:00 EDTSOSouthern Company subsidiary now sees Kemper County project in service in April
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16:41 EDTEXCGE Hitachi, Exelon Generation form joint development of two digital solutions
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09:26 EDTSO, PCG, D, DUK, AEPWolfe Research to hold a conference
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