Posts for Ticker ‘PEG’

NJ Solar Project is World’s Largest Of Its Kind (PEG)

petra solar posterPetra Solar, Inc. may be an unknown company to many investors.  But an announcement from it and Public Service Enterprise Group Inc. (NYSE: PEG) may soon change that.  The companies both released data on an approval from the New Jersey Board of Public Utilities to invest $515 million in 80 megawatts of solar projects.

Petra Solar is a South Plainfield, New Jersey-based company which designs and manufactures the SunWave™ solar electric system for utility, commercial, and residential installations. These systems scale from a single panel to multi-megawatts, and the company calls this “the most deployable, cost effective and intelligent solar solutions in the industry.” Petra said that the contract is about $200 million to it over a three-and-a-half year period with PSE&G, and it will make the units for the 200,000 poles under the agreement.

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Posted on: July 29, 2009 – 3:18 pm in Alternative Energy, Green Biz, Utilities,

Analyst Looks More Positive on Utilities (AEP, DUK, EXC, PCG, PEG, UTL, XEL, ED, FPL, PNW, PGN, SCG, SO, IDU)

Power Lines ImageOppenheimer is making a new call in the utility sector.  It looks a bit mixed between positive and somewhat cautious calls this morning, but it is important to note that many of these utilities are still in the lower half of the trading range of their last 52-weeks and some are significantly off of highs.

The new OUTPERFORM rated stocks are American Electric Power Co., Inc. (NYSE: AEP), Duke Energy Corporation (NYSE: DUK), Exelon Corporation (NYSE: EXC), PG&E Corp. (NYSE: PCG), Public Service Enterprise Group Inc. (NYSE: PEG), UNITIL Corporation (NYSE: UTL), Xcel Energy Inc. (NYSE: XEL).

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Posted on: June 30, 2009 – 7:39 am in Analyst Calls, Utilities, , , , , , , , , , , , , ,

Getting a Grip on Carbon Emissions (CEG, ED, PEG)

Carbon_emission_pic_2Last week, a consortium of ten states in the northeastern US held its initial auction of allowances to emit CO2. The Regional Greenhouse Gas Initiative (RGGI) has set a cap on carbon emissions of 188 million tons in 2009. Each of the more than 230 power plants in the ten states will be required to "pay" for carbon emissions with the carbon allowances at a rate of one allowance (usually called a credit) for each ton of CO2 emitted. Companies doing business in various aspects in these states include Constellation (NYSE:CEG), Consolidated Edison (NYSE:ED), and Public Service Enterprise Group (NYSE:PEG), among others.

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Posted on: September 30, 2008 – 9:30 am in Law, Regulation, Utilities, , ,