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U.S. Geothermal Announces Completion of Well RRG-7 Repair at Raft River Project
Wednesday, July 6, 2011 - 9:03am | 155U.S. Geothermal (NYSE: HTM) announced today that it has successfully completed the repair of production well RRG-7 at the Raft River geothermal power project in southeast Idaho. The repair work was completed by U.S. Geothermal Services Inc., a wholly owned subsidiary, according to plan and budget....
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Dendreon Announces Increased Capacity and Significant Reimbursement Decisions Supporting Broad Availability of PROVENGE
Wednesday, July 6, 2011 - 8:31am | 360- FDA Approves Los Angeles Immunotherapy Manufacturing Facility, CMS Announces National Coverage Decision, and Product Specific Q-Code Effective Dendreon Corporation (Nasdaq: DNDN) announced significant milestones that support broad availability for on-label use of PROVENGE® (sipuleucel-T), the...
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Wunderlich Maintains Hold on Energy Transfer Equity
Wednesday, July 6, 2011 - 7:47am | 114Wunderlich is out with its report today on Energy Transfer Equity (NYSE: ETE), maintaining Hold. In a note to clients, Wunderlich writes, "Energy Transfer Equity, L.P. announced a revised deal to acquire Southern Union Company (NYSE: SUG) for $8.9 billion, compared to the previous offer of $7.9...
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Bank of America Says American Electric Is Getting The CenterPoint Treatment
Wednesday, July 6, 2011 - 7:45am | 96According to Bank of America, American Electric Power (NYSE: AEP) has a significant capital spending requirement on its coal fleet to meet upcoming EPA emissions restrictions. Bank of America said that on Friday afternoon the Texas Supreme Court awarded AEP's Texas Central utility $420M in...
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Brean Murray Carret Assumes Coverage On Chesapeake With Hold Rating
Wednesday, July 6, 2011 - 7:13am | 65According to Brean Murray Carret, Chesapeake Utilities (NYSE: CPK) coverage is assumed with a Hold rating. Brean Murray Carret said that it is assuming coverage with a Hold rating due to valuation. “We recommend investors wait to find a more attractive entrance point before adding to / taking new...
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Classic Summer Mode 07-05-2011
Tuesday, July 5, 2011 - 6:16pm | 828Cusick's Corner The markets were, well in summer mode. This is the type of action that one could expect into an employment number at the end of the week and with earnings coming. The market had low volume with choppy action and while the bid has been nibbling, the future data has been holding the...
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Classic Summer Mode 07-05-2011
Tuesday, July 5, 2011 - 6:16pm | 828Cusick's Corner The markets were, well in summer mode. This is the type of action that one could expect into an employment number at the end of the week and with earnings coming. The market had low volume with choppy action and while the bid has been nibbling, the future data has been holding the...
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Carolyn J. Burke Joins Dynegy as Chief Administrative Officer
Tuesday, July 5, 2011 - 5:04pm | 151Dynegy Inc. (NYSE: DYN) today announced that Carolyn J. Burke will join Dynegy as Executive Vice President and Chief Administrative Officer, effective August 30, 2011. Carolyn will serve on Dynegy's executive management team and report to Robert C. Flexon. Dynegy Inc. previously announced the...
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Avista Requests to Adjust Electric and Natural Gas Rates in Idaho
Tuesday, July 5, 2011 - 4:06pm | 46Avista (NYSE: AVA) announced today a filing with the Idaho Public Utilities Commission to increase electric and natural gas rates for customers. The IPUC generally has up to seven months to review the filings and issue a decision.
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AEP Ohio to Partner With Turning Point Solar on the Development of the Turning Point Solar Generating Facility in Noble County
Tuesday, July 5, 2011 - 1:30pm | 237AEP Ohio, a unit of American Electric Power (NYSE: AEP), has entered into a participation agreement with Turning Point Solar LLC, a joint venture of Agile Energy Inc. and New Harvest Ventures, to cooperate on the development of one of the largest solar generating facility east of the Mississippi...
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DTE Energy Subsidiary Signs Agreement to Build Natural Gas Pipeline in Pennsylvania
Tuesday, July 5, 2011 - 10:59am | 168Bluestone Gathering today announced the signing of a long-term agreement with Southwestern Energy Services Company to build and operate a natural gas gathering system in Susquehanna County, PA and Broome County, NY. Bluestone, a wholly-owned subsidiary of DTE Energy (NYSE: DTE), will deliver...
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Southern Union Trading Over 2.5% Higher after Energy Transfer Raises Bid
Tuesday, July 5, 2011 - 9:43am | 123Energy Transfer Equity LP (NYSE: ETE) lifted its bid for Southern Union Co (NYSE: SUG) to $8.9 billion, including $5.1 billion in cash and ETE common units. Williams Co (NYSE: WMB) last month made an unsolicited $39 per share offer for Southern, higher than $33 per share offer from Energy Transfer...
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UPDATE: Bank of America Merrill Lynch Raises PO on Dominion Resources to $50
Tuesday, July 5, 2011 - 8:57am | 143Bank of America Merrill Lynch is out with its report on Dominion Resources (NYSE: D), raising its PO to $50. In a note to clients, Bank of America Merrill Lynch writes, "We recently traveled with Dominion management on an investor trip. Management did a good job highlighting the company's strong...
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News Summary for July 5, 2011
Tuesday, July 5, 2011 - 7:59am | 371This is your Benzinga news summary and traders' outlook for Tuesday, July 5, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures and the U.S. dollar are trading slightly higher after a long weekend and following global...
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A Peek Into The Market Before The Trading Starts
Tuesday, July 5, 2011 - 7:36am | 369Pre-open movers US stock futures are higher this morning, as investors are awaiting factory-orders data. Futures on the Dow Jones Industrial Average surged 22 points to 12,536.00 and futures on the S&P 500 stock index rose 0.30 point to 1,335.10. Nasdaq 100 futures gained 8.00 points to 2,363....