Utilities

Jefferies, which lowered its PT on shares of Empire District Electric (NYSE: EDE), is providing some color on the stock. “Empire hosted a conference call to update investors on the storm and its impact on the company's dividend,” Jefferies writes. “The company announced that it has suspended the...

Jefferies & Company has lowered the price target on Empire District Electric (NYSE: EDE) from $23.50 to $20 and maintains its Hold rating.

Constellation Energy (NYSE: CEG) has been awarded a new federal contract to continue to provide electricity and renewable energy supply to more than 146 federal and institutional accounts in Washington, D.C. Under terms of the three-year contract with the General Services Administration,...

Duke Energy (NYSE: DUK) will acquire a 20-megawatt wind farm in operation in Wisconsin. Duke Energy Renewables, a commercial business unit of Duke Energy, agreed to purchase the Shirley Windpower Project from a subsidiary of Central Hudson Enterprises Corporation on May 24. The wind farm is...

Below are the top small-cap water utilities stocks on the NYSE and NASDAQ in terms of cash. Consolidated Water Co Ltd (NASDAQ: CWCO) had $48.09 million in total cash and $17.96 million in total debt for the latest quarter. California Water Service Group (NYSE: CWT) had $40.87 million in total...

Exelon Corporation (NYSE: EXC) and Constellation Energy (NYSE: CEG) today filed for approval by the Maryland Public Service Commission of the merger announced by the companies on April 28.

Minnesota Power and Manitoba Hydro have signed a long-term power purchase agreement that will reduce carbon emissions for the utility division of ALLETE (NYSE: ALE), provide the lowest-cost energy resource for consumers and introduce a unique way to “store” premier wind energy generated in North...

NRG Energy, Inc. (NYSE: NRG) today announced that it had given the required notice under the governing indenture to redeem for cash all of its remaining 7.375% senior notes due 2016 (the 2016 notes) on June 23, 2011. The redemption price for the 2016 notes will be 103.688% of the principal amount...

NorthWestern Energy (NYSE: NWE) announced today that it has filed an application to adjust its rates for natural gas services in South Dakota.   NorthWestern Energy is requesting an increase of $4.1 million annually due to increased operations and maintenance costs and to complete the company's...

NRG Energy (NYSE: NRG) today announced the successful early tender results of its previously announced cash tender offer for any and all of its outstanding 7.375% senior notes due 2016. The tender offer includes a concurrent consent solicitation respecting indenture amendments that would...

Duke Energy (NYSE: DUK) will use 73 Siemens wind turbines, each capable of generating 2.3 megawatts of emission-free electricity, to build its first wind farm in Kansas. Duke Energy Renewables, a commercial business unit of Duke Energy, will build, own and operate the 168-megawatt Ironwood...

Jefferies & Co. is initiating coverage on shares of Southern Union Co. (NYSE: SUG) with a Buy rating and a $33.50 price target. In a note to investors, Jefferies writes, "In our opinion, Southern Union is under-valued and levered to changes in oil and natural gas prices. We believe that...

Jefferies & Company has initiated coverage on Southern Union Company (NYSE: SUG) with a Buy rating and $33.50 price target.

Cleco (NYSE: CNL) today announced that it has called for redemption all 10,288 outstanding shares of its 4.5% Preferred Stock. The redemption date for the 4.5% Preferred Stock is June 24, 2011, and the redemption price is $101.00 per share, plus accrued and unpaid dividends to the redemption date,...

Bank of America downgraded Consolidated Edison (NYSE: ED) from Neutral to Underweight. In a research report published today, Bank of America states, "We are downgrading Consolidated Edison (ED) because we believe the stock is fully valued versus the market and other utilities. Moreover, the...