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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:02 EDTALE, PNW, AVA, EE, UIL, GXP, POR, WR, IDA, EDENumber 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
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November 25, 2014
20:08 EDTAVAAvista receives approval of settlement increasing Washington rates
Avista received approval, with minor changes, from the Washington Utilities and Transportation Commission on the all-party settlement agreement that was filed on Aug. 18, concluding the company's electric and natural gas rate requests filed on Feb. 4. New rates will take effect on Jan. 1, 2015. The approved rates are designed to increase annual electric base revenues by 2.5% or $12.3M, inclusive of a $5.3M November 2014 power supply update as required in the settlement agreement. Approved natural gas rates are designed to increase annual base revenues by 5.6% or $8.5M.
November 24, 2014
08:37 EDTALEAllete finalizes development agreement with MDU Resources
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08:33 EDTALEMDU Resources unit to acquire North Dakota wind farm tpo be developed by Allete
Montana-Dakota Utilities Co., a division of MDU Resources Group (MDU), has signed an agreement to purchase a North Dakota wind farm to be developed by ALLETE Clean Energy, a subsidiary of ALLETE, Inc. (ALE). The wind project, located near Hettinger, N.D., and comprised of 43 turbines producing 107.5 megawatts of electricity, is anticipated to be completed in December 2015. The projectís cost is approximately $200M and the purchase is subject to regulatory approvals.

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