utilities

PG&E Adds Details on Possible Cause of California’s Camp Fire

The northern California wildfire known as the Camp Fire killed at least 85 people and destroyed more than 18,000 homes and other buildings. The fire, which started on November 8, ...
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California Regulator Says PG&E Won’t Go Into Bankruptcy

When a regulated utility's share price falls by more than 60% in just five trading days, it's a tell-tale sign that investors are expecting the firm to file for bankruptcy ...
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PG&E Stock Slammed Again on Northern California Wildfires

The bad news keeps on coming for PG&E Corp. (NYSE: PCG), the California utility company that provides both electricity and natural gas to much of the northern part of the ...
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What’s to Blame for Boston-Area Natural Gas Explosions?

At least 70 homes in the Boston area have been damaged or destroyed since Thursday afternoon in a series of explosions and fires due to an as-yet-unknown problem with the ...
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Bloom Energy Rocks Into IPO

Better late than never. That's one way to look at the initial public offering (IPO) for Bloom Energy Corp. (NYSE: BE). The alternative energy company priced its 18 million share ...
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Can Russia Turn Out All the Lights in New York City?

Can the Russians do what hot weather and a weak electric grid did to New York City in 1977 and 2003? Virtually all of New York City and much of ...
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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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