NextEra Energy to Extend Its Presence in Texas by Buying Oncor
Just a couple of weeks after withdrawing from the Hawaiian Electric deal, renewables giant NextEra Energy (NEE) announced its decision to buy Oncor on July 29.
Great Plains Energy Will Expand into Kansas with Westar Energy
There was another merger in the utility space on May 31. Great Plains Energy agreed to buy Westar Energy. The total transaction is valued at $12.2 billion.
Duke Energy: Will the Latin American Arm Be a Drag Again in 1Q16?
Duke Energy (DUK) estimates that its regulatory return on equity could meet or exceed its 2015 levels of nearly 10% in all its operational states.
Weather, Kemper Plant Turn a Thorn for Southern Company in 1Q16
Higher temperatures during 1Q16 marred Southern Company’s (SO) top line, which was partially offset by lower operating and maintenance expenses.
What Transformation Means to Lincoln Electric
To simplify its organizational complexity and drive efficiencies, Lincoln Electric has undergone a transformation toward a new organizational structure.
Natural Gas Continued Its Dominance over Coal in December 2015
Cheap natural gas has outperformed coal, pushing coal’s share in power generation down to 27.6% in December 2015, compared to natural gas’s ~34% share.
Duke Energy’s International Operations and 4Q15 Earnings
Analysts expect Duke Energy to earn $0.90 per share in 4Q15 compared to $0.86 per share in 4Q14. Management narrowed 2015 guidance to $4.55–$4.65 per share.
Fortis’s ITC Holdings Acquisition: Could It Have Been Overpriced?
Shares of Fortis corrected by nearly 10% on February 9, 2016, reacting to analysts’ comments of its ITC Holdings acquisition being overpriced.
Dominion to Strengthen Its Gas Segment in Questar Merger
Dominion Resources (D) announced its merger with Questar (STR) during its 4Q15 earnings release. The deal, worth $4.4 billion, is supposed to be completed by late 2016.
MDU Resources Reports Mixed Quarterly Results
After its 3Q15 earnings report, MDU Resources rose by 1.8% to close at $19.20 per share as of November 2, 2015.