American internet speeds are slow, very slow by international standards. That may be one of the reasons that the $787 billion economic stimulus package has a large financial commitment to building broadband infrastructure. The…
USEC Inc. (NYSE:USU) has appointed Christine M. Ciccone as senior vice president of external relations. This is not going to just be a media and government affairs position. This position is meant to lead…
We have already covered the nuclear winter blow-up over at USEC Inc. (NYSE: USU) after the DOE declines to issue a guarantee for it long-pending loan application. What we wanted to see is what…
Oppenheimer 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…
Duoyuan Global Water Inc. has filed as a foreign issuer to come public in the U.S. via an initial public offering. The proposed offering is for up to $86,250,000 via the sale of 5,000,000…
Warren Buffett isn’t hanging on to his relatively new shares of Constellation Energy Group, Inc. (NYSE: CEG). Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B), via MidAmerican Energy, had been a seller of shares before…
What’s left of Reliant Energy is now called RRI Energy, Inc. (NYSE:RRI) following the sale of Reliant’s Texas retail segment to NRG Energy, Inc. (NYSE:NRG) that was completed on May 1st. The company reported…
Entergy Corporation (NYSE:ETR) joined the ranks of electricity generators that haven’t been able to reach consensus estimates for the first quarter of 2009.The company’s results resemble the earlier reports from Dominion Resources, Inc. (NYSE:D)…
NRG Energy Inc. (NYSE:NRG) has completed its $287.5 million cash acquisition of Texas retail business of Reliant Energy Inc. (NYSE:RRI). This could have an impact on the ongoing battle over a proposed deal involving…
Three large electric utilities reported earnings this morning, and the results are could be better, but they could also be worse. Dominion Resources, Inc. (NYSE:D) and NRG Energy, Inc. (NYSE:NRG) were up following their…
Electricity generator Exelon Corporation (NYSE:EXC) this morning reported EPS of $1.08 on revenue of $4.77 billion. Analysts’ estimates averaged EPS of $1.14 and revenue of $4.62 billion. Non-GAAP EPS was $1.20.
General Electric Co. (NYSE: GE), Cisco Systems, Inc. (NASDAQ: CSCO) and FPL Group Inc. (NYSE: FPL) are all over the media today about an event with the Miami, Florida, mayor for energy efficiency. A…
NRG Energy Inc. (NYSE:NRG) has sent a long letter to shareholders counseling them not to vote for the new slate of directors being proposed by Exelon Corporation (NYSE:EXC). NRG notes that the price of…
The US Department of Justice and the Federal Trade Commission have granted NRG Energy, Inc. (NYSE:NRG) early termination of the Hart-Scott-Rodino Act waiting period related to NRG’s proposed acquisition of the Texas retail business…
American Electric Power (NYSE: AEP) has done a dual dig on itself after the close, and it was on top of a bad market day. The company has just lowered earnings guidance and its…