Financial

  • Fitch Ratings has assigned an 'A' rating to the following Missouri Joint Municipal Electric Utility Commission (MJMEUC) power project revenue bonds (Iatan 2 Project).
  • Tennessee Valley Authority revenue from power sales has decreased each of the past three years, causing a ripple effect for local governments that look to TVA to provide consistent in-lieu-of-tax funding.
  • Fitch Ratings has affirmed the 'BBB+' long-term Issuer Default Rating (IDR) on Public Service Enterprise Group Incorporated (PEG) and its competitive generation subsidiary PSEG Power LLC (Power).
  • Fitch Ratings has affirmed the 'A-' rating on the following South Mississippi Electric Power Association (SMEPA) outstanding bonds.
  • Fitch Ratings has downgraded the rating on Coso Geothermal Power Holdings LLC's (Coso) $629 million ($455 million outstanding) pass through certificates due 2026 from 'CC' to 'C'.
  • Otter Tail Power customers should expect about a 6.5 percent rate increase sometime in the coming months, and while the larger bills might be less pleasant to pay, the hike should not be a surprise.
  • Fitch Ratings has assigned an 'A+' rating to Alabama Power Company's (Alabama Power) issuance of $400 million series 2014A 4.150% senior notes due Aug. 15, 2044. The Rating Outlook is Stable.
  • PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Friday (8/22) of $0.3725 per share, payable Oct. 1, 2014, to shareowners of record as of Sept. 10, 2014.
  • Aug 12, 2014 | Michael Hinton
    Still reeling from the Polar Vortex, 2014 has been energy retail’s winter of discontent. It won’t be the last.
  • Alliander’s Peter Molengraaf

    Aug 03, 2014 | Martin Rosenberg

    The smart cities movement is front and center for European utilities. Peter Molengraaf, Alliander chief executive officer, tells us what Americans should focus on. We met up with him recently at an industry meeting in Berlin.

  • Jul 08, 2014 | Sarah Battaglia
    Everyone has been there. You go to a store to get a pair of those trendy new shoes and find that there's only one pair in your size left in stock. Feeling pretty darn satisfied with your good fortune, you quickly make your way up to the register, holding on tight to that precious box just in case someone tries to snatch it from your hands.
  • Study Ontario for Time-Of-Use (TOU) Lessons
    Jul 22, 2014 | Ahmad Faruqui

    Should time-varying rates-such as time-of-use (TOU) rates and critical peak pricing (CPP) and other dynamic pricing rates-be deployed as the default tariff for residential and small business customers?

  • Research is Critical

    Jul 06, 2014 | Martin Rosenberg

    We recently discussed the status of coal generation research with Tomasz S. Wiltowski, the director of the Coal Research Center at Southern Illinois University. His edited comments follow.

  • Planning for a highly distributed grid
  • Energy Reform Revisited

    Max Bradford
    Jun 22, 2014 | Martin Rosenberg

    Fifteen years ago, the government of New Zealand forced energy companies to elect whether they wanted to sell energy or own power lines, and it split up the former government-run generation business. Max Bradford, energy minister of the England-sized nation, was a principal architect of the plan. I interviewed him in Wellington while he was orchestrating what he then described as “wrenching changes.” Recently, I called him in New Zealand to discuss how it has worked out.

  • The Future of the Business

    Denault
    Jun 15, 2014 | Martin Rosenberg

    Entergy is learning its lessons and forging a proactive path towards its future, says Leo Denault, the company’s chairman and chief executive officer. His edited comments from a conversation with EnergyBiz follow.

     

     

  • Building on a Busy Year

    Denault
    Jun 08, 2014 | Martin Rosenberg

     

     

    Entergy is sharpening its business strategy to manage risk and grow the business, says Leo Denault, chairman and chief executive officer. He recently talked with EnergyBiz, and his edited comments follow.  

  • Customer dislike for utilities is universal but can change
    Jun 03, 2014 | Tim Probert

    You may think Europeans are more sophisticated than you Americans. Well, it turns out that when it comes to utility customer psychology, we are pretty much the same as our cousins in the US of A.

  • Building on Efficiency

    Izzo
    Jun 01, 2014 | Martin Rosenberg

    The smart utility of the future will see itself as the customer’s ally in the pursuit of energy efficiency, says Ralph Izzo, PSEG chairman, president and CEO. Izzo addressed these issues as the recent EnergyBiz Securing Power Forum. His edited comments follow.

  • ComEd Looks to the Future

    Pramaggiore
    May 18, 2014 | Martin Rosenberg

     

    ComEd will partner with customers to cut power bills while it prepares for a new business environment and the next generation of its employees, according to Anne Pramaggiore, ComEd president and chief executive officer. Pramaggiore discussed these and related topics at the recent EnergyBiz Securing Power Forum where she was honored as the 2014 EnergyBiz KITE CEO of the Year. Her edited comments follow.