-
Southern Company Announces Quarterly Dividend Of $0.4550
Thursday, January 13, 2011 - 10:59am | 154Southern Company today announced a regular quarterly dividend of 45.50 cents per share on the company's common stock, payable March 5, 2011 to shareholders of record February 7, 2011. This marks 253 consecutive quarters -- dating back to 1948 -- that Southern Company will have paid a dividend to...
-
PSEG Power Enters Into Agreement to Sell Assets in Texas
Thursday, January 13, 2011 - 9:46am | 168PSEG Power, a subsidiary of Public Service Enterprise Group (NYSE: PEG), today announced that it has agreed to the sale of its Texas generating assets. The assets consist of two 1,000 megawatt gas-fired combined cycle generating units that will be sold in two separate transactions. The Odessa...
-
NRG Energy Restructures Debt - Analyst Blog
Thursday, January 13, 2011 - 9:46am | 586Energy generation company NRG Energy Inc. (NRG) issued $1.2 billion 7.625% senior unsecured notes due January 15, 2018, to qualified institutional buyers. The offering is expected to close on January 26, 2011. NRG Energy intends to utilize the net proceeds of the issue to buy back its...
-
NRG Energy Restructures Debt - Analyst Blog
Thursday, January 13, 2011 - 9:15am | 586Energy generation company NRG Energy Inc. (NRG) issued $1.2 billion 7.625% senior unsecured notes due January 15, 2018, to qualified institutional buyers. The offering is expected to close on January 26, 2011. NRG Energy intends to utilize the net proceeds of the issue to buy back its...
-
Ameren Missouri Vigorously Defends Its Environmental Record
Wednesday, January 12, 2011 - 4:14pm | 101Ameren Missouri, an operating company of Ameren Corporation (NYSE: AEE), strongly disputes allegations that the company violated Clean Air Act requirements as claimed in a lawsuit filed today on behalf of the U.S. Environmental Protection Agency. The USEPA's allegations are related to the New...
-
MarkWest Prices its Offer - Analyst Blog
Wednesday, January 12, 2011 - 3:01pm | 491Pipeline operator MarkWest Energy Partners L.P. (MWE) has priced a public offering of 3,000,000 common units at $41.20 a piece, with an over-allotment option for an additional 450,000 units. MarkWest plans to use the net proceeds from this offering – expected to be approximately $120.1 million...
-
MarkWest Prices its Offer - Analyst Blog
Wednesday, January 12, 2011 - 1:00pm | 491Pipeline operator MarkWest Energy Partners L.P. (MWE) has priced a public offering of 3,000,000 common units at $41.20 a piece, with an over-allotment option for an additional 450,000 units. MarkWest plans to use the net proceeds from this offering – expected to be approximately $120.1 million...
-
DTE Energy Supports PEV Sales
Wednesday, January 12, 2011 - 12:53pm | 80DTE Energy (NYSE: DTE) wants to jump-start the adoption of electric vehicles in Southeast Michigan by providing free charging stations – a $2,500 value – to the first 2,500 Plug-in Electric Vehicle (PEV) owners. "The question isn't, 'Where can I recharge my PEV?' because it's now right there in...
-
Bulls Buying Upside on NiSource Inc. (NI)
Wednesday, January 12, 2011 - 12:04pm | 140Shares of NiSource Inc. (NYSE: NI) are higher on the session by 0.60%, currently trading at $18.34. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short...
-
Jefferies Raises AYE Estimates
Wednesday, January 12, 2011 - 10:48am | 91Jefferies is increasing its estimates on Allegheny Energy (NYSE: AYE). “We are increasing our 2010 EPS estimate by $0.05 to $2.35, our 2011 EPS estimates by $0.25 to $1.80 and our 2012 EPS estimate by $0.20 to $1.05, following the update of our model,” Jefferies writes. “We are increasing our...
-
AMAG Announces Preliminary Results - Analyst Blog
Wednesday, January 12, 2011 - 10:01am | 619AMAG Pharmaceuticals (AMAG) recently discussed its preliminary fourth quarter results and provided guidance for 2011. AMAG also discussed its plans for expanding commercialization of Feraheme. Feraheme is an intravenous (IV) therapy for the treatment of iron deficiency anemia (IDA) in patients...
-
Exelon Unit Issues $600M Debt - Analyst Blog
Wednesday, January 12, 2011 - 10:01am | 497Utility services company, Exelon Corporation (EXC), announced that its unit Commonwealth Edison Company (ComEd) sold $600 million of First Mortgage Bonds. The bonds will mature on January 15, 2014, with an interest of 1.625%. ComEd will utilize the net proceeds from the issue to contribute in...
-
Bullish Trade in Duke Energy (DUK) as Stock Retreats
Wednesday, January 12, 2011 - 9:56am | 1626Duke Energy (NYSE:DUK) lost some ground Tuesday following an analyst downgrade. RBC Capital cut its rating on the shares to “sector perform” from “outperform” and kept its 12-month price target at $19. The stock is currently trading around $17.50, so this target still allows for modest upside over...
-
Exelon Unit Issues $600M Debt - Analyst Blog
Wednesday, January 12, 2011 - 9:45am | 497Utility services company, Exelon Corporation (EXC), announced that its unit Commonwealth Edison Company (ComEd) sold $600 million of First Mortgage Bonds. The bonds will mature on January 15, 2014, with an interest of 1.625%. ComEd will utilize the net proceeds from the issue to contribute in...
-
AMAG Announces Preliminary Results - Analyst Blog
Wednesday, January 12, 2011 - 9:15am | 619AMAG Pharmaceuticals (AMAG) recently discussed its preliminary fourth quarter results and provided guidance for 2011. AMAG also discussed its plans for expanding commercialization of Feraheme. Feraheme is an intravenous (IV) therapy for the treatment of iron deficiency anemia (IDA) in patients...