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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:02 EDTALE, PNW, WR, AVA, GXP, IDA, EE, POR, EDE, UILNumber of electric utilities could become takeover targets, says Bernstein
Bernstein identifies the following electric utilities as potential takeover targets: UIL Holdings (UIL), Empire District Electric (EDE), Portland General Electric (POR), El Paso Electric (EE), IDACORP (IDA), Great Plains Energy (GXP), Avista (AVA), Westar Energy (WR), Pinnacle West (PNW), and Allete (ALE).
News For UIL;EDE;POR;EE;IDA;GXP;AVA;WR;PNW;ALE From The Last 14 Days
Check below for free stories on UIL;EDE;POR;EE;IDA;GXP;AVA;WR;PNW;ALE the last two weeks.
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July 17, 2014
07:42 EDTWRThe Federal Energy Regulatory Commission (FERC) to hold a meeting
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July 16, 2014
13:51 EDTALEAllete unit reaches settlement agreement with EPA
Minnesota Power, a utility division of ALLETE, has reached a settlement agreement with the Environmental Protection Agency and the Minnesota Pollution Control Agency that resolves alleged violations of the New Source Review provisions of the Clean Air Act. The agreement does not include any admission of wrongdoing on the part of the company. The settlement agreement covers Minnesota Power’s Boswell, Laskin, Taconite Harbor and Rapids Energy Centers and includes more stringent emissions limits than in current air permits at all affected units, and the option of refueling, retrofits and retirements at some units. It also includes the addition of 200 megawatts of wind energy. Minnesota Power will also spend $4.2M over the next five years in conservation and clean energy projects benefitting local communities, which could potentially include a forest restoration project, an electric car charging station in northeastern Minnesota and a 1 megawatt solar installation on Fond du Lac Band of Lake Superior Chippewa property. Under the terms of the settlement, the company will also pay a $1.4M civil penalty. In Q2, ALLETE recorded an after-tax expense of $2.5M, or $0.06 per share, to reflect a liability associated with the conservation and clean energy projects. Due to its non-recurring nature, the expense will be excluded from 2014 earnings guidance.
08:31 EDTUILUIL CEO says still pursuing Philadelphia Gas Works acquisition
UIL CEO James Torgerson said, “Today, Wednesday July 16, is the first day that UIL can terminate its agreement to acquire the operations of the Philadelphia Gas Works. UIL may now exit this deal at any time while the matter is pending before the City Council. We have decided to continue our efforts to pursue this acquisition and become a new business partner in the City of Philadelphia. UIL remains ready to assist Council in its assessment of the sale including the essential public dialogue of what we believe is a valuable economic opportunity for the City of Philadelphia. UIL will continue to evaluate the situation and take additional actions as appropriate.”
July 14, 2014
16:07 EDTAVAAvista reaches settlement to extend current rate plan in Idaho
Avista and all other participating parties have reached a settlement agreement that, if approved by the Idaho Public Utilities Commission, would keep base retail rates unchanged through Dec. 31, 2015.

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