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Constellation Energy to Develop 4.5 MW Solar Power System with Holyoke Gas & Electric (CEG)
Wednesday, April 13, 2011 - 10:44am | 68Constellation Energy (NYSE: CEG) and Holyoke Gas & Electric Department announced today the development of a new 4.5 megawatt solar installation which will generate electricity for the municipally owned utility's 18,000 customers in Holyoke, Mass. The system, which is scheduled for commercial...
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Veolia Water Selected to Provide Produced Water Treatment (VE)
Wednesday, April 13, 2011 - 10:02am | 106Veolia Water (NYSE: VE) has signed a design-build-operate contract with Plains Exploration & Production Company (PXP) for a Produced Water Reclamation Facility at its Arroyo Grande Oilfield in San Luis Obispo County, Calif. The treatment system will incorporate Veolia Water's OPUS(R) II...
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Sempra Energy Subsidiary Announces Solar Power Purchase Agreements
Wednesday, April 13, 2011 - 9:16am | 236San Diego Gas & Electric today announced that it has entered into two, 25-year solar power purchase agreements for a total of 80 megawatts and revised its agreement with renewable energy developer NaturEner to buy power from the company's Rim Rock wind farm project in Montana. The first of the...
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J.P. Morgan Maintains Neutral Rating On GXP
Wednesday, April 13, 2011 - 9:11am | 105J.P. Morgan is maintaining its Neutral rating on Great Plains Energy (NYSE: GXP) in light of a seemingly supportive rate order in KCP&L-Missouri's pending rate case by the Missouri Public Service Commission. According to J.P. Morgan, “We will update our estimates following the release of...
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Wunderlich Securities Maintains Hold Rating On SCG
Wednesday, April 13, 2011 - 8:55am | 103Wunderlich Securities is maintaining its Hold rating on SCANA (NYSE: SCG). “While our visit lent confidence to our financial outlook for SCG, we struggle with timing,” Wunderlich Securities writes. “While we have calculated a worst-case scenario assuming a potential delay in nuclear capex,...
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Jefferies Reiterates Buy Rating On SPWRA
Wednesday, April 13, 2011 - 8:47am | 123Jefferies is reiterating its Buy rating on SunPower Corp. (NASDAQ: SPWRA) based up a loan of up to $1.187B from the U.S. DOE. Says Jefferies, in its report, “The SPWRA/NRG Energy (NRG, Hold, $21.47) 300MW DC California Valley Solar Ranch plant has received up to $1.187B from the US DOE. The loan...
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Duke Energy and American Transmission Form JV to Build Transmission in North America
Wednesday, April 13, 2011 - 8:32am | 39Duke Energy (NYSE: DUK) and American Transmission Co. announced the creation of Duke-American Transmission Co., a joint venture that will build, own and operate new electric transmission infrastructure in North America.
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Jefferies Comments On NRG Energy; Raises PT To $23
Wednesday, April 13, 2011 - 7:12am | 201Although rail costs at NRG Energy (NYSE: NRG) are mostly locked in through 2015, the current trend of rising rail transportation costs could adversely impact future margins, according to Jefferies. It believes that higher coal transportation costs will erode margins for most merchant coal-fired...
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Jefferies Raises PT On NRG Energy To $23
Wednesday, April 13, 2011 - 6:55am | 27Jefferies & Company has raised the price target on NRG Energy (NYSE: NRG) from $21 to $23 and maintains its Hold rating.
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Energy Department Offers $1.187 Billion Conditional Commitment for Loan Guarantee Supporting the 250-Megawatt California Valley Solar Ranch
Tuesday, April 12, 2011 - 2:10pm | 121SunPower Corporation (Nasdaq: SPWRA, SPWRB), sponsor of the 250-megawatt (AC) California Valley Solar Ranch power plant, announced today the project has been offered support via a conditional commitment for a loan guarantee of up to $1.187 billion from the U.S. Department of Energy (DOE)....
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NorthWestern Energy Signs Asset Purchase Agreement With Compass Wind, Purchase Price Equals $77.9M (NWE)
Tuesday, April 12, 2011 - 2:07pm | 134NorthWestern Energy (NYSE: NWE) has signed an asset purchase agreement to purchase a projected aggregate nameplate capacity of 40-megawatt wind project in Judith Basin County in Montana to be developed and constructed by Spion Kop Wind, LLC, a wholly-owned subsidiary of Compass Wind. This project...
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Puts Purchased on NRG Energy, Inc. (NRG)
Tuesday, April 12, 2011 - 2:01pm | 158Shares of NRG Energy, Inc. (NYSE: NRG) are lower on the session by 0.56%, currently trading at $21.35. The stock has been moving largely higher over the past four months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago...
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JP Morgan Maintains EQT $51.50 PT
Tuesday, April 12, 2011 - 9:25am | 31JP Morgan has issued a report maintaining the $51.50 Price Target On EQT Corporation (NYSE: EQT). EQT is rated Overweight and closed at $48.53 yesterday.
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Benzinga's Top Upgrades (LVLT, PKY, EIX, BIIB)
Tuesday, April 12, 2011 - 8:21am | 138Level 3 Communications Inc (NASDAQ: LVLT) was upgraded by UBS from "sell" to "neutral." LVLT's shares closed at $1.70 yesterday. LVLT's trailing-twelve-month revenue is $3.65 billion. Parkway Properties Inc (NYSE: PKY) was upgraded by Stifel Nicolaus from "sell" to "hold.” PKY's shares closed at $...
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These High Dividend-Paying Stocks Hit 52-Week Highs Without You (MO, PM, LO, KO)
Tuesday, April 12, 2011 - 8:18am | 342Investors may want to consider high dividend paying stocks to generate yield, as it looks like we may be heading into a correction, as more stocks begin too break down technically. Certain dividend paying stocks such as Coca-Cola (NYSE: KO), Altria (NYSE: MO), Philip Morris International (NYSE: PM...