Utilities

U.S. Geothermal Inc. (NYSE: HTM), today announced the first funding drawdown under the U.S. Department of Energy $96.8-million loan guarantee to construct its planned 23-megawatt-net power plant at Neal Hot Springs in Eastern Oregon.

Bank of America Merrill Lynch is out with its report today on CenterPoint Energy (NYSE: CNP), reiterating Buy. In its report, Bank of America Merrill Lynch writes, "We met with CNP management in Houston. Management provided an update on key issues with the true-up, an update on proceeds timing and...

The Minnesota Public Utilities Commission (MPUC) has unanimously approved Minnesota Power's request for approval of investments and expenditures in its Bison 2 wind project for recovery through a renewable resources rider. Bison 2, a 105-megawatt wind farm located near New Salem, N.D, is part of...

ONEOK Inc (NYSE: OKE) surged 12.02% to $79.50 in the pre-market session. OKE's trailing-twelve-month revenue is $13.68 billion. Joy Global Inc (NASDAQ: JOYG) moved up 4.19% to $86.00 in the pre-market session. JOYG reported a 46% surge in its fiscal third-quarter profit and raised its forecast for...

ISI is out with its report today on CMS Energy (NYSE: CMS), downgrading CMS to Hold. In its report, ISI writes, "CMS shares have risen 14.4% since 8/8/11 vs. 13.3% for the Regulated sub-group and 8.1% for the S&P 500. We now rate CMS Hold, Low Risk, retaining our 12-month target price of $19....

Synthesis Energy Systems, Inc. (NASDAQ: SYMX) announced today that it has entered into a Technical Study Agreement with Ambre Energy of Australia to supply a proprietary gasification design to support Ambre's development of a planned Coal to Liquids Project. Ambre intends to integrate this...

ISI Group has downgraded CMS Energy (NYSE: CMS) from Buy to Hold and has established a $19.50 price target.

As a result of Hurricane Irene, more than 920,000 FirstEnergy (NYSE: FE) customers in New Jersey, Pennsylvania and Maryland were without power. To date, electrical service has been restored to more than 640,000 customers. Crews continue working to restore service to the approximately 280,000...

All of the major stock indexes have been extremely volatile since the May 2, 2011 high on the S&P 500 Index. Most leading stocks continue to trade below their daily chart 50 and 200 moving averages. While many stocks continue to struggle, there is one sector that has held up very well and...

As a result of Hurricane Irene, more than 850,000 FirstEnergy (NYSE: FE) customers in New Jersey, Pennsylvania and Maryland were without power. To date, electrical service has been restored to more than 400,000 customers. Crews continue working to restore service to another 450,000 customers who...

With forecasters calling for Hurricane Irene to hit the East Coast this weekend, AmeriGas Propane, Inc., the general partner of AmeriGas Partners, L.P. (NYSE: APU) and the nation's largest distributor of propane, is preparing for the storm and its aftermath. The company's President and CEO, Gene...

Dynegy Inc. (NYSE: DYN) announced today that its wholly-owned indirect subsidiary, Sithe/Independence Funding Corporation, has commenced a cash tender offer to purchase any and all of Sithe's outstanding $191,687,012.47 in aggregate principal amount of 9% Secured Bonds due 2013. In connection...

Bank of America has published a research report on Sempra Energy (NYSE: SRE) initiating coverage (NYSE: SRE). In the report, Bank of America wrote, "We like Sempra's long-term growth story driven by its regulated utilities and gas infrastructure segments. However, we think the following weigh on...

Consolidated Water Co. Ltd. (NASDAQ: CWCO), which develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent, today reported on Hurricane Irene's impact upon its facilities and...

Consolidated Water Co. Ltd. (NASDAQ: CWCO) today reported on Hurricane Irene's impact upon its facilities and operations in the Commonwealth of the Bahamas. "Our initial assessment following yesterday's passage of Category 3 Hurricane Irene to the east of Nassau, New Providence, Bahamas,...