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Stock Market & Financial Investment News

News Breaks
January 30, 2013
05:53 EDTEIX, ETR, DUK, EXCCheap gas threatens nuclear power, WSJ reports
U.S. utilities are facing something they never expected: some natural-gas-fired power plants cost less to operate than nuclear units. That's leading some companies to consider shuttering their nuclear facilities, reports the Wall Street Journal. Among the nuclear plants regarded as vulnerable by UBS (UBS) Investment Research are Exelon Corp.'s (EXC) Clinton plant in Illinois and its Ginna plant in New York, as well as Entergy Corp.'s (ETR) Vermont Yankee and FitzPatrick plants in Vermont and New York. Plants facing costly repairs include Edison International's (EIX) San Onofre plant in Southern California and Duke Energy's (DUK ) Crystal River plant in Florida, both now idled. Reference Link
News For EXC;ETR;EIX;DUK From The Last 14 Days
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February 10, 2016
15:26 EDTETREntergy finds elevated levels of tritium at Indian Point nuclear plant
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February 9, 2016
15:48 EDTEXCExelon may consider walking away from Pepco acquisition, says dealReporter
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February 7, 2016
19:11 EDTETRNew York governor orders investigation of 'unacceptable' Entergy nuclear leak
New York Governor Andrew Cuomo issued a statement regarding Entergy's Indian Point nuclear facility, saying, "Yesterday I learned that radioactive tritium-contaminated water leaked into the groundwater at the Indian Point nuclear facility. The company reported alarming levels of radioactivity at three monitoring wells, with one well's radioactivity increasing nearly 65,000%. The facility reports that the contamination has not migrated off site and as such does not pose an immediate threat to public health... This latest failure at Indian Point is unacceptable and I have directed Department of Environmental Conservation Acting Commissioner Basil Seggos and Department of Health Commissioner Howard Zucker to fully investigate this incident and employ all available measures, including working with Nuclear Regulatory Commission." In his letter to Zucker and Seggos, Cuomo noted, "This failure continues to demonstrate that Indian Point cannot continue to operate in a manner that is protective of public health and the environment." Reference Link
February 4, 2016
07:19 EDTDUKDuke Energy considers potential sale involving International Energy segment
Duke Energy announced it is considering the sale of all or a portion of its International Energy business segment. Headquartered in Houston, Texas, Duke Energy International owns power plants in Central and South America. The company's preparations are at a preliminary stage and no binding or non-binding offers have been requested or submitted. No assurance can be given that any process, if ultimately started, will result in a transaction. Duke Energy International facilities include approximately 4,400 megawatts of capacity in power plants in Argentina, Brazil, Chile, Ecuador, El Salvador, Guatemala and Peru. Two-thirds of the power plant portfolio is hydro and half are located in Brazil. The majority of the power generated by the plants is either contracted or receiving a capacity payment. Duke Energy's 25-percent equity investment in National Methanol Company, a Saudi Arabian regional producer of methanol and methyl tertiary butyl ether, a gasoline additive, will not be included in this potential transaction.
February 3, 2016
14:31 EDTDUKNextEra subsidiary receives 'key' FERC approval for Florida project
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11:02 EDTDUKSabal Trail Transmission project receives FERC certificate
Sabal Trail Transmission, LLC, a joint venture of Spectra Energy Partners (SEP), NextEra Energy (NEE) and Duke Energy (DUK), received a certificate of public convenience and necessity from the Federal Energy Regulatory Commission to construct and operate the Sabal Trail interstate natural gas pipeline project. This approval authorizes Sabal Trail, subject to certain conditions, to proceed with final preparations to commence construction in the coming months to meet a May 1, 2017, in-service date. Once complete, the 516-mile pipeline would have the capacity to deliver approximately 1.1 billion cubic feet of natural gas per day to the Southeast U.S., including firm transportation services to Florida Power & Light Company and Duke Energy of Florida.
08:06 EDTEXCExelon plans to raise dividend 2.5% each year for next three year
"Despite a challenging year for the sector, strong operating performance at both our utilities and our generation business enabled us to deliver strong earnings. We will provide stable growth, sustainable earnings and an attractive dividend through a combination of regulated and contracted investments and return of capital. Consistent with this strategy, we plan to grow our dividend 2.5 percent each year over the next three years," said Exelon President and CEO Christopher Crane. Exelon's board declared a first quarter dividend of 31c per share and approved a revised dividend policy. The approved policy would raise its dividend 2.5% each year for the next three years, beginning with the June 2016 dividend. The board will take formal action to declare the next dividend in the second quarter, the company said.
08:04 EDTEXCExelon sees FY16 adjusted EPS $2.40-$2.70, consensus $2.52
Operating earnings guidance is based on the assumption of normal weather, which is determined based on historical average heating and cooling degree days for a 30-year period in the respective utilities' service territories.
08:03 EDTEXCExelon reports Q4 adjusted EPS 38c, consensus 41c
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February 2, 2016
10:01 EDTDUKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Agnico Eagle (AEM) downgraded to Hold from Buy at Desjardins... Alere (ALR) downgraded to Hold from Buy at Canaccord... Antero Resources (AR) downgraded to Reduce from Neutral at SunTrust... Carbylan (CBYL) downgraded to Market Perform from Outperform at Leerink... Copa Holdings (CPA) downgraded to Hold from Buy at Deutsche Bank... Dominion (D) downgraded to Neutral from Buy at Citi... Duke Energy (DUK) downgraded to Market Perform from Outperform at Wells Fargo... Hain Celestial (HAIN) downgraded to Neutral from Overweight at Piper Jaffray... Integrated Device (IDTI) downgraded to Neutral from Buy at BofA/Merrill... Logitech (LOGI) downgraded to Underweight from Equal Weight at Morgan Stanley... Merus Labs (MSLI) downgraded to Sector Perform from Outperform at Scotiabank... New Gold (NGD) downgraded to Sell from Buy at Desjardins... Nokia (NOK) downgraded to Underperform from Buy at CLSA... Plantronics (PLT) downgraded to Underperform from Outperform at Raymond James... Pool Corp. (POOL) downgraded to Equal Weight from Overweight at Stephens... Praxair (PX) downgraded to Sector Weight from Overweight at KeyBanc... Rofin-Sinar (RSTI) downgraded to Neutral from Buy at Longbow... Southwestern Energy (SWN) downgraded to Neutral from Overweight at JPMorgan... Stifel cuts Twitter (TWTR) to Sell after noting Yahoo has significantly more users... Superior Energy (SPN) downgraded to In-Line from Outperform at Imperial Capital... Sysco (SYY) downgraded to Underweight from Equal Weight at Morgan Stanley... Telenor (TELNY) downgraded to Underperform from Neutral at Credit Suisse... Twitter (TWTR) downgraded to Sell from Hold at Stifel... Valeo (VLEEY) downgraded to Underweight from Equal Weight at Morgan Stanley.
08:42 EDTEXCExelon volatility elevated into Q4 and outlook
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05:38 EDTDUKDuke Energy downgraded to Market Perform from Outperform at Wells Fargo
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February 1, 2016
10:06 EDTDUKLockheed Martin and Duke Energy sign 17-year energy agreement
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