utilities

Why FirstEnergy Subsidiaries Seek Bankruptcy for Merchant Power Business

On Sunday, electric utility FirstEnergy Corp. (NYSE: FE) announced that its merchant power subsidiary, FirstEnergy Solutions, and its nuclear operating company voluntarily filed for Chapter 11 bankruptcy protection. Not included ...
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Actually, California Regulations Can Occasionally Be Positive

If there is one state that comes to mind with high taxes and higher regulations that go above and beyond federal ones, it would be California. It turns out that ...
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Duke Energy Slides on Mixed Q4 Results

When Duke Energy Corp. (NYSE: DUK) reported its most recent quarterly results before the markets opened on Tuesday, the utility giant posted $0.94 in earnings per share (EPS) on $5.85 ...
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Can Trump Administration Deliver the Coal and Boost FirstEnergy?

The Trump administration, particularly Energy Secretary Rick Perry, suffered a major setback last month when the Federal Energy Regulatory Commission (FERC) rejected Perry's proposal to pay coal plant operators for ...
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5 Ultra-Safe Utilities to Buy as Market Volatility Skyrockets

If there is any sector that is safe when the going gets treacherous it’s the utilities, and with good reason. Regardless of the economy or other circumstances that affect consumers ...
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Eversource Wins Power Transmission Project Contract

Massachusetts-based electric utility Eversource Energy (NYSE: ES) announced on Thursday that the company had won a bid from the state to build a new transmission line to transport Canadian-generated electricity ...
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Puerto Rico Moves to Privatize Its Electricity, but Competition Is Also Badly Needed

After nearly 40 years, Puerto Rico is finally privatizing its power utility company, the Puerto Rico Electric Power Authority (PREPA). But it may not be enough. With 36% of residents ...
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FirstEnergy Gets $2.5 Billion Investment

Electric utility FirstEnergy Corp. (NYSE: FE) announced Monday morning that it is receiving a $2.5 billion equity investment from affiliates of Paul Singer's Elliott Management, Bluescape, GIC and Zimmer Partners. ...
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5 Analyst Top Pick High-Dividend Utility Stocks to Buy for 2018

We have mentioned this numerous times recently, but we are currently in one of the longest stretches in the stock market without a 5% decline. Typically there are three a ...
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Duke Energy Narrows EPS Guidance After Q3 Results

Duke Energy Corp. (NYSE: DUK) reported third-quarter 2017 earnings before markets opened Thursday. The electric utilities company posted adjusted earnings per share (EPS) of $1.59 on operating revenues of $6.48 ...
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SunTrust Has 5 High-Dividend Utilities to Buy for 2017 and 2018

We hear it all the time that rates are going higher, so don’t buy income-related stocks like real estate investment trusts and utilities. Despite almost a near certainty the Federal ...
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Report Claims Pittsburgh Officials Misled Public Over Tainted Water

Residents in Pittsburgh were given “misleading” statements by health officials who “deflected” attention from lead-contaminated water, according to an audit in a report from the Guardian newspaper. The information came ...
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6 Undervalued Utilities With Strong Dividends and Upside Potential

With fears growing of a summer correction after a strong market run, and with many of the administration's pro-growth initiatives looking as though they are on hold or delayed, 24/7 ...
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Oil & Gas, Banks, Coal, Industrial and Power Companies That Want the US to Stay in Paris Climate Accord

With reports that President Donald Trump is leaning toward pulling the United States out of the Paris climate accord, it has been unsurprising that many industries and leaders have come ...
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Deutsche Bank Raises Price Targets on Top Utilities as Rates Stay Low

A couple of years ago, the utilities were among the hottest in the S&P 500 as interest rates were driven to the lowest levels since the 1950s as the Federal Reserve ...
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