New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 6, 2014
17:13 EDTOGEOGE Energy seeks approval for environmental compliance plan
After unsuccessfully challenging the EPA all the way to the U.S. Supreme Court and exhausting its legal options, Oklahoma Gas & Electric filed an application with the Oklahoma Corporation Commission seeking approval of a plan to be in compliance with federal environmental mandates and to modernize the company's Mustang Power Plant. OG&E's filing calls for adding two pollution control devices known as scrubbers to the coal-fired units at the Sooner Power Plant near Red Rock, converting two coal-fired units at the Muskogee Power Plant to natural gas and modernizing the natural gas units at the Mustang Power Plant. The deadline for OG&E to achieve environmental compliance is January 2019. The company has until that time to fully implement its plan or face enforcement actions. OG&E is seeking approval to recover the costs associated with its compliance and Mustang modernization efforts. These capital costs are estimated to be approximately $1.1B over a six year period.
News For OGE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 15, 2014
10:00 EDTOGEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
05:59 EDTOGEOGE Energy downgraded to Hold from Buy at Jefferies
Jefferies downgraded OGE Energy to Hold citing the company's exposure to lower oil prices. The firm dropped its price target for shares to $35.50 from $42.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use