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FirstEnergy Sells 6.65 Percent Interest in OVEC
Tuesday, December 28, 2010 - 5:20pm | 50FirstEnergy Corp. (NYSE: FE) today announced that its FirstEnergy Generation Corp. subsidiary sold a 6.65 percent participation interest in the output of the Ohio Valley Electric Corporation to Peninsula Generation Cooperative, a subsidiary of Wolverine Power Supply Cooperative, Inc., for an...
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Options Brief: Dynegy Inc. (DYN)
Tuesday, December 28, 2010 - 11:10am | 96Shares of Dynegy Inc. (NYSE: DYN) are higher on the session by 0.17%, trading at $5.88. Overall call volume is now running at 3.28x the daily average, with 0% of all calls traded being purchases on the offer. 20,000 contracts have traded on the session so far. Dynegy Inc., through its subsidiaries...
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Ormat Retracts DOE Loan Guarantee Application
Monday, December 27, 2010 - 5:58pm | 94Ormat Technologies, Inc. (NYSE: ORA) announced today that its subsidiary, Ormat Nevada Inc., decided not to proceed with the Part II of the DOE loan guarantee program application for Wister, CD-4 and Dead Horse Wells geothermal projects, currently under construction in California and Nevada. The...
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Stocks Going Ex Dividend the First Week of January
Monday, December 27, 2010 - 5:05pm | 784Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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CEMIG Issues Promissory Notes - Analyst Blog
Monday, December 27, 2010 - 3:00pm | 430Brazil-based integrated electric utility, Companhia Energetica de Minas Gerais(CIG), known as CEMIG, announced the third issuance of its commercial promissory notes amounting to R$350 million. The public distribution of the notes will involve issuance of thirty five R$10 million worth notes...
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CEMIG Issues Promissory Notes - Analyst Blog
Monday, December 27, 2010 - 2:30pm | 430Brazil-based integrated electric utility, Companhia Energetica de Minas Gerais(CIG), known as CEMIG, announced the third issuance of its commercial promissory notes amounting to R$350 million. The public distribution of the notes will involve issuance of thirty five R$10 million worth notes...
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AES Progress on Italian Projects - Analyst Blog
Monday, December 27, 2010 - 11:33am | 719AES Solar, a joint venture between The AES Corporation (AES) and private equity firm Riverstone Holdings LLC, closed on long-term non-recourse financing facilities of 103 million euros or approximately $134.9 million for 24 MW of solar photovoltaic (PV) projects, named ”Il Terzo.” The Il Terzo...
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Edison Unit's New Wind Project - Analyst Blog
Monday, December 27, 2010 - 11:33am | 587Energy utility Edison International (EIX) announced that its unit Edison Mission Group has started commercial operation of its 150 megawatt (MW) Cedro Hill wind project in southern Texas. This project utilizes 100 General Electric Co. (GE) turbines with a generating capacity of 1.5 MW each to...
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Edison Unit's New Wind Project - Analyst Blog
Monday, December 27, 2010 - 11:00am | 587Energy utility Edison International (EIX) announced that its unit Edison Mission Group has started commercial operation of its 150 megawatt (MW) Cedro Hill wind project in southern Texas. This project utilizes 100 General Electric Co. (GE) turbines with a generating capacity of 1.5 MW each to...
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AES Progress on Italian Projects - Analyst Blog
Monday, December 27, 2010 - 10:03am | 719AES Solar, a joint venture between The AES Corporation (AES) and private equity firm Riverstone Holdings LLC, closed on long-term non-recourse financing facilities of 103 million euros or approximately $134.9 million for 24 MW of solar photovoltaic (PV) projects, named ”Il Terzo.” The Il Terzo...
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AES Progress on Italian Projects - Analyst Blog
Monday, December 27, 2010 - 9:15am | 719AES Solar, a joint venture between The AES Corporation (AES) and private equity firm Riverstone Holdings LLC, closed on long-term non-recourse financing facilities of 103 million euros or approximately $134.9 million for 24 MW of solar photovoltaic (PV) projects, named ”Il Terzo.” The Il Terzo...
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AES Progress on Italian Projects - Analyst Blog
Monday, December 27, 2010 - 9:15am | 719AES Solar, a joint venture between The AES Corporation (AES) and private equity firm Riverstone Holdings LLC, closed on long-term non-recourse financing facilities of 103 million euros or approximately $134.9 million for 24 MW of solar photovoltaic (PV) projects, named ”Il Terzo.” The Il Terzo...
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Weather Weights Down Ferrellgas
Monday, December 27, 2010 - 9:08am | 142Citigroup has published a research report on Ferrellgas Partners LP (NYSE: FGP) as the weather wears down on the company. In the report, Citigroup writes "While weather conditions remained challenging in November, a cold December should somewhat offset warmer than normal conditions experienced...
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Merger Arbitrage Mondays – December 27, 2010
Monday, December 27, 2010 - 7:27am | 4787Merger activity increased last week with eight new deals announced and six deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2010 139 Total Number of Deals...
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Get a Charge Out of High Yield Electric Utilities
Monday, December 27, 2010 - 1:06am | 500There are many factors affecting the revenues and earnings of electric utilities. The sway of the Public Utilities Commissions, the source of fuel to run the generators along with the cost of the fuel, the efficiency of the organization, growth in the area served from both commercial and...