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A Peek Into The Market Before The Trading Starts
Tuesday, June 7, 2011 - 7:31am | 394Pre-open movers US stock futures are higher this morning, as investors are awaiting a speech by Federal Reserve Chairman Ben Bernanke. Futures on the Dow Jones Industrial Average surged 58 points to 12,145.00 and futures on the S&P 500 stock index rose 7.50 points to 1,292.50. Nasdaq 100...
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EnerNOC Signs 300 Megawatt Demand Response Contract With PPL Electric Utilities Corporation
Tuesday, June 7, 2011 - 7:05am | 194EnerNOC (NASDAQ: ENOC) today announced that it has entered into a contract with PPL Electric Utilities Corporation, a subsidiary of PPL Corporation (NYSE: PPL), to provide 300 megawatts of demand response capacity. By drawing upon its DemandSMART network of commercial, institutional, and industrial...
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Mad Money Lightning Round: Cramer Likes PPL Corp
Tuesday, June 7, 2011 - 1:38am | 295On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Johnson Controls (NYSE: JCI) is “all good, but I sold it for my charitable trust. It's in too many businesses that are levered to autos, so I'm going to say sell, sell, sell until $33 or $34." Cramer believes that PPL Corp (NYSE...
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What Two Stocks Have Had Dividend Increases for Over 55 Years?
Monday, June 6, 2011 - 11:43pm | 504What better indication of corporate strength than long term increasing dividends. There are actually about a hundred publicly traded companies with a track record of increasing dividends for 25 years or more. But when looking back beyond 55 years, only two make the cut and both have yields in...
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Alliant Energy Announces Sale of RMT's Environmental Business Unit to TRC Companies
Monday, June 6, 2011 - 4:03pm | 42Alliant Energy Corporation (NYSE: LNT) announced that its non-regulated subsidiary, RMT, Inc. has successfully closed the sale of its Environmental Business Unit to TRC Companies, Inc., a national engineering, consulting, and construction management firm.
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TRC Acquires Environmental Business Unit From RMT
Monday, June 6, 2011 - 4:01pm | 183TRC Companies, Inc. (NYSE: TRR) today announced that it has acquired the Environmental Business Unit of RMT, Inc., a subsidiary of Alliant Energy (NYSE: LNT), for $13.3 million in an all-cash transaction. Exclusive of any acquisition-related expenses, TRC expects the acquisition to be immediately...
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Constellation Energy Terminates Agreement to Sell Quail Run Plant in West Texas
Monday, June 6, 2011 - 11:43am | 44Constellation Energy (NYSE: CEG) today announced it has terminated an agreement to sell the 550-megawatt Quail Run natural gas plant in west Texas to High Plains Diversified Energy Corporation. The agreement was first announced in December.
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Spectra Energy Partners Receives Investment Grade Ratings and Announces $500 Million Debt Offering
Monday, June 6, 2011 - 9:45am | 45Spectra Energy Partners (NYSE: SEP) announced today that it plans to offer $500 million in aggregate principal amount of senior notes including $250 million of senior notes due 2016 and $250 million of senior notes due 2021, in an underwritten public offering.
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Star Gas Partners Amends and Restates $300 Million Credit Facility
Monday, June 6, 2011 - 7:07am | 143Star Gas Partners (NYSE: SGU) today announced that it has entered into an amended and restated $300 million credit facility, which may be increased in the future up to $400 million at the Partnership's request. The amended and restated credit agreement extends the term of the agreement from July...
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Top Yielding Natural Gas Utility Stocks
Saturday, June 4, 2011 - 4:20pm | 480Natural gas has several benefits over oil, especially in the green area, as natural gas generates a lower carbon footprint. It also has a long history as a fuel; one of the original Dow Jones Industrial Average stocks from the 1800's is a natural gas distributor that is still trading today, Laclede...
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Piedmont Natural Gas Senior Vice President and CFO David J. Dzuricky to Retire at Fiscal Year-End in October
Friday, June 3, 2011 - 1:46pm | 266Piedmont Natural Gas (NYSE: PNY) announced today that chief financial officer David J. Dzuricky has announced his plans to retire at the end of the Company's current fiscal year on October 31, 2011. Mr. Dzuricky, who will turn 60 in October, has served as Piedmont's CFO since joining the Company...
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Options Brief: PPL Corporation
Friday, June 3, 2011 - 10:08am | 111Shares of PPL Corporation (NYSE: PPL) are lower on the session by 1.00%, trading at $27.59. Overall call volume is now running at 10.66x the daily average, with 0% of all calls traded being purchases on the offer. 4,831 contracts have traded on the session so far. PPL Corporation is an energy...
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J.P. Morgan Reiterates Neutral Rating On Pinnacle West
Friday, June 3, 2011 - 7:38am | 175According to J.P. Morgan, Pinnacle West Capital (NYSE: PNW) Neutral rating is reiterated. J.P. Morgan said that it recently met with PNW management to discuss the company's rate case filing and came away with the impression that the regulatory environment in Arizona continues to improve, which...
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JP Morgan Raises PT on Pinnacle West Capital To $46
Friday, June 3, 2011 - 6:48am | 28JP Morgan has raised the price target on Pinnacle West Capital (NYSE: PNW) from $45 to $46 and maintains its Neutral rating.
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Wunderlich Securities Reiterates Buy on Calpine Corporation
Friday, June 3, 2011 - 6:28am | 183Wunderlich Securities reiterated its Buy rating on Calpine Corporation (NYSE: CPN). In a research report published today, Wunderlich provided color on the company's settlement of its largest remaining bankruptcy proceeding. In the report, Wunderlich states, "On Thursday, Calpine Corporation (...