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AYE Crosses Merger Hurdles - Analyst Blog
Friday, December 17, 2010 - 10:30am | 542Allegheny Energy Inc. (AYE) has received twin approvals from the Public Service Commission of West Virginia (WVPSC) and the Federal Energy Regulatory Commission for its impending merger with FirstEnergy Corporation (FE). The deal between FirstEnergy and Allegheny Energy to combine their...
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Goldman Sachs Lists Calpine as Top Pick in IPP Sector
Friday, December 17, 2010 - 8:59am | 86Goldman Sachs published its report on Calpine (NYSE: CPN) listing CPN as its top pick in the Independent Power Prodcuers' (IPP) sector. In a note to clients, Goldman Sachs writes, "Our top pick is Calpine, which we initiate at Buy as we feel it is best positioned to weather the trough in natural...
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SJW Corp Downgraded to Sell at Brean Murray
Friday, December 17, 2010 - 8:58am | 25SJW Corp (NYSE: SJW) is downgraded from Hold to Sell at Brean Murray. The price target is $22.
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DTE Energy Declares Dividend of $.56
Thursday, December 16, 2010 - 5:13pm | 38The DTE Energy (NYSE: DTE) Board of Directors has declared a $0.56 per share dividend on its common stock payable Jan. 15, 2011, to shareholders of record at the close of business Dec. 27, 2010.
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West Virginia Public Service Commission Approves FirstEnergy-Allegheny Energy Merger
Thursday, December 16, 2010 - 4:36pm | 43FirstEnergy Corp. (NYSE: FE) and Allegheny Energy, Inc. (NYSE: AYE) today announced that they received approval for their merger from the Public Service Commission of West Virginia.
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XEL-WFR to Build Solar Project - Analyst Blog
Thursday, December 16, 2010 - 4:30pm | 734Southwestern Public Service Company, a unit of Xcel Energy Inc. (XEL), and SunEdison, a subsidiary of MEMC Electronic Materials Inc. (WFR), announced the start of construction at one of the sites of the five-site solar project coming up in New Mexico. The ground-breaking event for the 54...
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XEL-WFR to Build Solar Project - Analyst Blog
Thursday, December 16, 2010 - 4:16pm | 734Southwestern Public Service Company, a unit of Xcel Energy Inc. (XEL), and SunEdison, a subsidiary of MEMC Electronic Materials Inc. (WFR), announced the start of construction at one of the sites of the five-site solar project coming up in New Mexico. The ground-breaking event for the 54...
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FirstEnergy-Allegheny Energy Merger Application Receives FERC Approval
Thursday, December 16, 2010 - 1:57pm | 43FirstEnergy Corp. (NYSE: FE) and Allegheny Energy, Inc. (NYSE: AYE) today announced that they have received approval from the Federal Energy Regulatory Commission for their proposed merger.
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Piedmont's CEO to Undergo Elective Surgery in January
Thursday, December 16, 2010 - 1:28pm | 113Piedmont Natural Gas (NYSE: PNY) announced today that Thomas E. Skains, Chairman, President and Chief Executive Officer will undergo elective surgery on January 4 to repair a genetic abnormality in a cerebral blood vessel. During his anticipated three to four week recovery, Mr. Skains will...
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Pennsylvania Public Utility Commission Approves PECO Settlements
Thursday, December 16, 2010 - 12:34pm | 128Today the Pennsylvania Public Utility Commission approved PECO's settlements with all interested parties regarding the increase in electric and natural gas delivery rates for customers beginning Jan, 1, 2011. As a result of this and the company's final electricity purchases to serve customers,...
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Piedmont Natural Gas Announces Dividend of $.28
Thursday, December 16, 2010 - 11:05am | 52At its regular quarterly meeting of the Company's Board of Directors, Piedmont Natural Gas (NYSE: PNY) today announced the declaration of a quarterly dividend on Common Stock of 28 cents per share, payable January 18, 2011, to holders of record at the close of business on December 27, 2010.
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Duke Energy Customers Set New Electricity Use Record
Thursday, December 16, 2010 - 11:04am | 47Duke Energy (NYSE: DUK) customers in the Carolinas Wednesday set an all-time record for winter power use. The utility generated 17,570 megawatts of electricity for the hour ending at 8 a.m. The previous winter peak of 17,282 was set on Jan. 11, 2010.
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Icahn To Acquire Dynegy - Analyst Blog
Thursday, December 16, 2010 - 10:03am | 490Icahn Enterprises L.P. (IEP) announced that it will acquire Houston-based merchant generator, Dynegy Inc. (DYN) for $5.50 per share in cash, or approximately $665 million. Under the terms of the agreement, Dynegy stockholders will receive $5.50 in cash for each outstanding share of Dynegy...
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Icahn To Acquire Dynegy - Analyst Blog
Thursday, December 16, 2010 - 9:30am | 490Icahn Enterprises L.P. (IEP) announced that it will acquire Houston-based merchant generator, Dynegy Inc. (DYN) for $5.50 per share in cash, or approximately $665 million. Under the terms of the agreement, Dynegy stockholders will receive $5.50 in cash for each outstanding share of Dynegy...
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Gentiva Health Services Sees 2011 EPS of $2.70 to $2.80
Thursday, December 16, 2010 - 8:27am | 131Gentiva Health Services, Inc. (Nasdaq: GTIV) today announced its financial outlook for 2011 and reaffirmed its previously disclosed outlook for 2010. Gentiva continues to expect 2010 full-year net revenues to be in the range of $1.42 billion to $1.45 billion and adjusted income from continuing...