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Pepco Energy Announces Two-year Operations and Maintenance Contract Renewal
Monday, January 31, 2011 - 1:40pm | 94Pepco Energy Services, Inc., a subsidiary of Pepco Holdings, Inc. (NYSE: POM) has been awarded a two-year renewal contract with the Maryland Aviation Administration to provide operations and maintenance services to the Baltimore-Washington International Thurgood Marshall Airport and Martin State...
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Earnings Scorecard: Xcel Energy - Analyst Blog
Monday, January 31, 2011 - 1:30pm | 950Xcel Energy Inc. (XEL) came up with its fourth quarter and full-year 2010 earnings results on January 27, 2011. The company's full-year results comfortably reached the higher end of its guidance range helped by improved electric margins. Though the company's results missed analyst expectations...
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Options Brief: National Grid (NGG)
Monday, January 31, 2011 - 12:54pm | 80Shares of National Grid (NYSE: NGG) are higher on the session by 1.95%, trading at $44.86. Overall put volume is now running at 24.44x the daily average, with 31% of all puts traded being purchases on the offer. 1,173 contracts have traded on the session so far. National Grid plc is an...
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Jefferies Lowers AEP Target To $39 From $39.50
Monday, January 31, 2011 - 11:47am | 27Jefferies is lowering its PT on American Electric Power (NYSE: AEP) to $39 from $39.50. American Electric Power currently trades at $35.85.
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Wells Fargo Lowers NRG Valuation Range To $26-28 From $28-30
Monday, January 31, 2011 - 11:09am | 93Wells Fargo is reducing its valuation range on shares of NRG Energy, Inc. (NYSE: NRG) to $26-28 from $28-30. “The midpoint of our range is consistent with the average of the base cases of our NAV and EV/EBITDA analysis,” Wells Fargo writes. “Although we tend to believe NRG's long-term value is...
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National Grid Restructures U.S. Business to Increase Local Focus
Monday, January 31, 2011 - 10:29am | 87National Grid (NYSE: NGG) today committed to improve its U.S. performance by announcing a sweeping business restructure that will create a more locally focused organization led by regional presidents responsible for understanding and meeting the needs of customers, communities and regulators in...
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Company News for January 31, 2011 - Corporate Summary
Monday, January 31, 2011 - 10:13am | 707• Arch Coal (NYSE:ACI) reported Q4 EPS of $0.33, ex-items, below the Zacks Consensus Estimate of $0.46 per share. Revenues for the quarter rose 15% to $835.4 million, lower than the Zacks Consensus Estimate of $869.0 million • T. Rowe Price (NASDAQ:TROW) reported Q4 EPS of $0.72, above the Zacks...
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Company News for January 31, 2011 - Corporate Summary
Monday, January 31, 2011 - 10:09am | 707• Arch Coal (NYSE:ACI) reported Q4 EPS of $0.33, ex-items, below the Zacks Consensus Estimate of $0.46 per share. Revenues for the quarter rose 15% to $835.4 million, lower than the Zacks Consensus Estimate of $869.0 million • T. Rowe Price (NASDAQ:TROW) reported Q4 EPS of $0.72, above the Zacks...
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Celanese Announces Global Price Increases
Monday, January 31, 2011 - 10:04am | 85Celanese Corporation (NYSE: CE) and its Ticona engineering polymers business, today announced it will increase prices worldwide for the following products: Hostaform, Celcon and Amcel acetal copolymer (POM) by up to 0.27 USD/kg or higher on selected products. Celanex PBT, Vandar PBT, Impet PET...
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NRG Energy in JV for New Technology - Analyst Blog
Monday, January 31, 2011 - 10:01am | 742Three big energy companies, NRG Energy Inc. (NRG), General Electric Co. (GE), and ConocoPhillips (COP), have entered into a joint venture to invest in projects that would foster newer developments and research in paradigm shifting energy technology. The three companies jointly pooled in $300...
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American Electric Power To Face Challenges In Ohio, PT Lowered To $39
Monday, January 31, 2011 - 9:51am | 166Jefferies & Company has published a research report on American Electric Power (NYSE: AEP) and is believing that the company will face challenges with regulatory proceedings in Ohio that may inhibit the company's 4-6% growth in 2012-14. In the report, Jefferies writes "AEP filed an Electric...
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NRG Energy in JV for New Technology - Analyst Blog
Monday, January 31, 2011 - 9:45am | 742Three big energy companies, NRG Energy Inc. (NRG), General Electric Co. (GE), and ConocoPhillips (COP), have entered into a joint venture to invest in projects that would foster newer developments and research in paradigm shifting energy technology. The three companies jointly pooled in $300...
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Wash Post Supports DC School Voucher Program
Monday, January 31, 2011 - 9:07am | 252From yesterday's Washington Post staff editorial: "An effort is being launched in Congress, aided by the considerable clout of House Speaker John A. Boehner (R-Ohio), to revive the District's unique program of federally funded private school vouchers. No sooner was it announced than Mayor...
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Deutsche Bank Reiterates Buy on Dominion Resources (D)
Monday, January 31, 2011 - 8:33am | 99Deutsche Bank is out with its report today on Dominion Resources (NYSE: D), reiterating Buy after Dominion Resources affirmed its outlook. In a note to clients, Deutsche Bank writes, "D reaffirmed its 2011 guidance of $3.00-$3.30 and provided its detailed guidance kit with key assumptions and...
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AEP Misses but Reaffirms Guidance - Analyst Blog
Monday, January 31, 2011 - 1:51am | 707Before the bell, American Electric Power Company Inc. (AEP) reported its fourth quarter and fiscal 2010 results. In the reported quarter, the company with ongoing earnings of 38 cents a share came marginally below the Zacks Consensus Estimate of 39 cents. The company's results also came way below...