Utilities

Dynegy Inc. (NYSE: DYN) today announced that at a January 20, 2011, session of the New York Public Service Commission, NYPSC granted authorization for the proposed transaction between Dynegy and an affiliate of Icahn Enterprises LP (NYSE: IEP). A written ruling to that effect is expected to be...

Sempra Energy (SRE), through its subsidiary Sempra Pipelines & Storage, plans to acquire AEI's stake in two South American utilities, which it has been owning jointly with AEI for the past 12 years. The company will pay roughly $875 million for the two electric distribution utilities –...

Sempra Energy (SRE), through its subsidiary Sempra Pipelines & Storage, plans to acquire AEI's stake in two South American utilities, which it has been owning jointly with AEI for the past 12 years. The company will pay roughly $875 million for the two electric distribution utilities –...

Google Inc. (GOOG) once again announced stellar 4th quarter earnings and revenue numbers, but the big headline came in the form of news that CEO Eric Schmidt will be replaced by Google co-founder Larry Page. Schmidt will assume an Executive Chairman role once he steps down as CEO this April. Back...

Google Inc. (GOOG) once again announced stellar 4th quarter earnings and revenue numbers, but the big headline came in the form of news that CEO Eric Schmidt will be replaced by Google co-founder Larry Page. Schmidt will assume an Executive Chairman role once he steps down as CEO this April. Back...

The board of directors of Wisconsin Energy Corporation (NYSE: WEC) today announced a two-for-one stock split – the company's first stock split since 1992 – and declared a quarterly cash dividend consistent with the policy the board adopted at its December 2010 meeting. The new quarterly dividend...

CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared a regular quarterly cash dividend of $0.1975 per share of common stock payable on March 10, 2011, to shareholders of record as of the close of business on February 16, 2011.

Directors of UGI Corp. (NYSE: UGI), a distributor and marketer of energy products and services, today declared the quarterly dividend of $0.25 a share on the company's common stock. The dividend is payable April 1, 2011 to shareholders of record as of March 15, 2011.

American Electric Power (NYSE: AEP) announced today it will accelerate the construction process of a natural gas-fired power plant near Dresden, Ohio. The partially constructed plant was purchased in 2007 by AEP through its AEP Generating Company subsidiary from Dresden Energy LLC, a subsidiary of...

NRG Energy, Inc. (NYSE: NRG) today announced that the 290-megawatt Agua Caliente solar project has received an offer of a conditional commitment for a loan guarantee of up to $967 million from the U.S. Department of Energy. NRG's acquisition of the project from First Solar was announced last month...

The rate case schedule for PNM Resources' (NYSE: PNM) New Mexico utility, PNM, has been extended an additional two weeks after regulators agreed to give the utility more time to gain support for a stipulation with other parties. PNM has an agreement regarding its pending electric rate increase...

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Sempra Energy (NYSE: SRE) announced that it will acquire AEI's stake in Luz del Sur and Chilquinta for $875 mn, increasing its ownership to 76% of Luz del Sur in Peru and 100% of Chilquinta in Chile from 38% and 50%, respectively, Morgan Stanley reports. “Sempra forecasts $0.15/0.22 accretion to...