utilities

How NextEra Energy Could Become the First Utility Worth $100 Billion

Posted: February 11, 2019 at 11:45 am

In the world of mega-caps, there is an ongoing watch by investors as to which companies may become among the next to reach $100 billion in equity market value. It ...
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6 Scenarios on How PG&E Bankruptcy May Play Out

Posted: January 30, 2019 at 2:33 pm

Now the PG&E Corp. (NYSE: PCG) has filed for bankruptcy protection and several asset management firms have either objected to the filing or say they are prepared to buy convertible ...
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What PG&E Bankruptcy Filing Means

Posted: January 29, 2019 at 11:05 am

As promised two weeks ago, PG&E Corp. (NYSE: PCG) on Tuesday morning filed for bankruptcy protection in the federal District Court for Northern California. The company listed debts totaling $51.7 ...
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PG&E Dodges a Bullet, but Bankruptcy Filing Remains Likely

Posted: January 25, 2019 at 9:45 am

Until last November's Camp Fire roared through northern California, the most destructive fire in the state's history was the Tubbs Fire of 2017 that killed 22 people in California wine ...
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Why Californians May Pay 5 Times More for Electricity This Year

Posted: January 24, 2019 at 12:40 pm

In a filing with the U.S. District Court in San Francisco, PG&E Corp. (NYSE: PCG) told the judge that the company cannot afford to spend an estimated $75 billion to ...
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RBC Best Idea 2019 Utility Stocks for an Overbought and Overvalued Market

Posted: January 22, 2019 at 7:25 am

The fourth-quarter selling barrage that brought the S&P 500 to within touching distance of a bear market was reversed by some backpedaling by Jay Powell, the head of the Federal ...
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PG&E’s Only Duty Is to Company and Shareholders: Blue Mountain Capital

Posted: January 17, 2019 at 2:45 pm

In a letter to the board of PG&E Corp. (NYSE: PCG) Thursday morning, Blue Mountain Capital Management called the utility's planned bankruptcy filing "damaging, avoidable, and unnecessary." Blue Mountain, which ...
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Morgan Stanley Doesn’t Think PG&E Bankruptcy Will Topple Yieldcos

Posted: January 16, 2019 at 3:24 pm

When PG&E Corp. (NYSE: PCG) announced Monday that it plans to file for bankruptcy by the end of January, the company detailed at some length the liabilities it faces. What ...
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PG&E Chaos: CEO Departs, Bankruptcy Looms, Tens of Billions in Liabilities

Posted: January 14, 2019 at 8:25 am

On November 8, the same day that the worst wildfire in California history broke out in Butte County, about 150 miles northeast of San Francisco, northern California utility PG&E Corp. ...
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Credit Suisse Has 6 Top Solar Stock Picks for 2019

Posted: December 18, 2018 at 2:00 pm

It has been more than interesting times in the world of power and energy during a volatile stock market late in 2018. Oil was surging for much of 2018, but ...
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PG&E Adds Details on Possible Cause of California’s Camp Fire

Posted: December 12, 2018 at 11:55 am

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

Posted: November 16, 2018 at 7:50 am

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

Posted: November 14, 2018 at 11:55 am

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?

Posted: September 14, 2018 at 8:25 am

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

Posted: July 25, 2018 at 11:05 am

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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