utilities

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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Can Russia Turn Out All the Lights in New York City?

Posted: July 24, 2018 at 6:25 am

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

Posted: April 2, 2018 at 8:25 am

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

Posted: March 14, 2018 at 12:50 pm

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

Posted: February 20, 2018 at 11:40 am

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?

Posted: February 9, 2018 at 10:10 am

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

Posted: February 9, 2018 at 8:20 am

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

Posted: January 26, 2018 at 8:30 am

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

Posted: January 24, 2018 at 9:15 am

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

Posted: January 22, 2018 at 10:40 am

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

Posted: December 29, 2017 at 8:30 am

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

Posted: November 3, 2017 at 9:10 am

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

Posted: October 23, 2017 at 10:10 am

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

Posted: July 26, 2017 at 11:50 am

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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