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News Breaks
May 23, 2014
17:40 EDTPPL, EXC, AEP, FEUtilities rise after PJM says 2017-2018 grid capacity cost rises to $120/Mw-day
WHAT'S NOTABLE: PJM is a regional transmission organization that coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia. The results of PJM's recent auction to procure power supplies three years into the future continued an overall trend toward more gas-fired generation and increasing diversity of resources. The clearing price for resources, which includes generation, annual demand response and energy efficiency, is $120/megawatt-day for all of PJM except the PSE&G location deliverability area. The auction, which concluded today, produced an adequate amount of resources to serve the PJM region in the June 1, 2017 to May 31, 2018 delivery year. STOCKS TO WATCH: PPL Corporation (PPL), Exelon (EXC), American Electric Power Company (AEP), and FirstEnergy (FE) are all up about 2% in after-hours trading. Reference Link
News For PPL;EXC;AEP;FE From The Last 14 Days
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July 21, 2014
11:04 EDTEXCExelon upgraded to Outperform from Neutral at Macquarie (pre-open)
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July 18, 2014
13:04 EDTFEFirstEnergy unit completes $15M project
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July 16, 2014
09:21 EDTEXCComEd announces partnership with AMSC
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