Utilities

Shares of EQT Corp (NYSE: EQT) gained about 1.1% after the company agreed to sell its natural gas processing complex in Langley for $230 million to MarkWest Energy Partners LP (NYSE: MWE). The companies are expecting the deal to close in the first quarter. David Porges, EQT's president and chief...

Constellation Energy Group Inc. (CEG) has agreed to buy a fleet of generation assets worth $1.1 billion in Boston, New England. As a part of the deal, Constellation Energy will acquire the 2,950-megawatt Boston Generating fleet comprising of five power plants that meet nearly half of the...

CenterPoint Energy Resources Corp., an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), today announced that it intends to sell through a private offering an aggregate of $550 million of senior notes due 2021 and senior notes due 2041. CERC intends to use the net proceeds...

CenterPoint Energy Resources Corp., an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), today announced that it intends to commence an offer to certain eligible holders to exchange $762 million principal amount of its 7.875 percent Senior Notes due 2013 for a combination...

Jefferies & Company has raised the price target on Exelon (NYSE: EXC) from $44 to $46.50 and maintains its Buy rating.

EQT Corporation (NYSE: EQT) announces the company's 2011 capital expenditure \ forecast of $970 million; 19% lower than the 2010 CAPEX forecast. Sales of produced natural gas in 2011 are projected to be 175 Bcfe, 31% higher than the 2010 estimate of 134 Bcfe. The CAPEX forecast includes $691...

EQT Corporation (NYSE: EQT) and MarkWest Energy Partners (NYSE: MWE) today announced that MarkWest is acquiring EQT's natural gas processing complex in Langley, Kentucky and an associated natural gas liquids pipeline for $230 million. The transaction is expected to close during the first quarter...

Analysts at RW Baird upgrade Hawaiian Electric Industries Inc (NYSE: HE) from “neutral” to “outperform.” The target price for HE has been raised from $25 to $27. HE shares gained 0.57% to close at $22.92 yesterday. More Analyst Ratings here

by Tom aka Rusty Rustbelt The Pain of Economic Change Michigan is the only state in the union showing a net negative population trend in the recent census report, and is an interesting case study of the pain of economic change. For several decades after WWII, Michigan enjoyed above average...

EBG Holdings, the parent of Boston Generating, LLC announced today that the Federal Energy Regulatory Commission issued an order on December 22, 2010 approving the sale of the Company's assets to Constellation Energy (NYSE: CEG) for approximately $1.1 billion. All necessary regulatory approvals...

Constellation Energy (NYSE: CEG) today announced it has completed a $1.1 billion agreement to purchase the 2,950-megawatt Boston Generating fleet in New England. Under terms of the agreement, Constellation Energy acquired Boston Generating's five power plants located in the Boston area: four...

Pepco Energy Services, Inc., a subsidiary of Pepco Holdings, Inc. (NYSE: POM), has been chosen by the Franklin County Housing Authority, headquartered in Chambersburg, Pennsylvania, to implement a comprehensive energy savings performance contract. The $3.9 million contract calls on Pepco Energy to...

The rate case schedule for PNM Resources' (NYSE: PNM) New Mexico utility, PNM, was extended today by four weeks to allow the parties additional time to continue to work on a settlement. On Dec. 20, PNM filed a motion with state regulators to extend the schedule after it had reached an agreement...

Sempra Generation, a subsidiary of Sempra Energy (SRE), has sold its 50% interest in the Elk Hills Power generation facility to Occidental Petroleum Corporation (OXY). Occidental will pay Sempra cash plus year-end cash distribution totaling $179 million for the purchase. The Elk Hills Power...

Sempra Generation, a subsidiary of Sempra Energy (SRE), has sold its 50% interest in the Elk Hills Power generation facility to Occidental Petroleum Corporation (OXY). Occidental will pay Sempra cash plus year-end cash distribution totaling $179 million for the purchase. The Elk Hills Power...