NRG Throws Debt Scare at Exelon (NRG, EXC, RRI)
NRG Energy, Inc. (NYSE:NRG) has sent a letter to Exelon Corporation (NYSE:EXC) calling on Exelon to withdraw is proposal to expand NRG’s board and to “pack” the board with Exelon picks at the next…
Infrastructure
All Infrastructure Articles
Newest first · Page 34The ‘Safety Premium’ In Water Investing (AWK, WTR, AWR, CWT)
We have been investigating several of the “safe sectors” for investing to identify which ones may have seen the worst or which ones could continue to have issues regardless of whether or not recent…
Exelon Fires Another Round (EXC, NRG, RRI)
Exelon Corporation (NYSE: EXC) has filed its preliminary proxy statement for the 2009 annual meeting of NRG Energy, Inc. (NYSE: NRG). NRG still hasn’t scheduled the meeting, but Delaware law requires that the meeting…
IBM: Big Blue Goes Green and Blue (IBM)
IBM Corp. (NYSE: IBM) is expanding into the water business. One part of the effort is to develop a smart grid of sensors and software to help manage water systems. The other part of…
NRG-Exelon-Reliant: Merger Soap Opera Continues (NRG, EXC, RRI)
The CEO and Chairman of NRG Energy, Inc. (NYSE:NRG) have sent a letter to stockholders pointing out the weaknesses in the buyout offer from Exelon Corporation (NYSE:EXC). Earlier this month, Exelon announced that it…
How Good is the NRG-Reliant Deal? (NRG, RRI, EXC)
The offer from NRG Energy, Inc. (NYSE:NRG) to buy the retail business of Reliant Energy Inc. (NYSE:RRI) for $287.5 million has now drawn some attention from Fitch Ratings. As one might expect, the benefits…
Reliant Joins NRG-Exelon Merger Bermuda Triangle (RRI, NRG, EXC)
Reliant Energy Inc. (NYSE: RRI) is taking a hit this morning. It wasn’t just the earnings loss, or its plans to sell a unit. This really appears to be over the ramifications of the…
Utilities Merger Looks More Promising (EXC, NRG)
In mid-October, Exelon Corporation (NYSE:EXC) offered to acquire NRG Energy, Inc. (NYSE:NRG) in an all-stock deal at a fixed exchange ratio of 0.485 shares of Exelon stock for each share of NRG stock. The…
Getting Relief from Low Gas Prices (GAS)
Nicor Inc. (NYSE:GAS) reported better-than-expected fourth quarter results as heating demand driven by colder weather boosted the results of the natural gas utility. Fourth quarter EPS was $1.05, compared with analysts’ estimates of $0.67,…
FirstEnergy Reports Falling Demand (FE, AEP)
FirstEnergy Corporation (NYSE:FE) reported 2008 EPS of $4.38, higher than anticipated EPS of $4.33. Revenue for the year also beat expectations, coming in at $14.6 billion compared with average estimates of $14.51 billion. What…
Caterpillar Sales Data Look Like Crater-Pillar (CAT)
Caterpillar Inc. (NYSE: CAT) reported some absolutely atrocious numbers for its January orders on deliveries for its machinery and engines lines of business. This equipment is mostly sold through independent dealers and OEM’s. Caterpillar’s…
Off to a Rocky Start (CEG, BRK-A)
Constellation Energy Group, Inc. (NYSE:CEG) missed analysts’ estimates by a mile. Fourth quarter EPS was $0.03 compared Wall Street consensus estimates of $1.24. For the full year, Constellation was expected to earn $4.84, but…
Rough Week For Smart Grid Players (ITRI, DGII, COMV, ENOC, ELON)
Itron Inc. (NASDAQ: ITRI) is supposed to be one of the winners in the stimulus package. The advanced metering company is known as the Smart Grid meter reader to many traders. The company is…
Uranium Enrichment Plant Development Slows (USU)
USEC Inc. (NYSE:USU) today announced that it plans to initiate "reduce the planned escalation of project construction and machine manufacturing activities" at its uranium enrichment plant in Piketon, Ohio. The company cited delays in…
Electric Utilities Need More Bad Weather (LNT, DUK)
Too cool in summer, too warm in winter add up to lower profits for electric utilities. That’s the story today from both Alliant Energy Corp. (NYSE:LNT) and Duke Energy Corp. (NYSE:DUK). Alliant reported full-year…