Financial

  • Fitch Ratings has affirmed the 'A-' rating on the following outstanding North Carolina Eastern Municipal Power Agency (NCEMPA) bonds.
  • The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 50 cents a share on the company's common stock.
  • Appalachian Power Company, a public utility subsidiary of American Electric Power (NYSE: AEP), today announced that on May 22, 2014, it will redeem the entire outstanding $200 million principal amount of its 4.95 percent Senior Notes, Series I, due 2015.
  • Unitil Corporation (NYSE:UTL) (www.unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company's common stock of $0.345 per share, payable on May 29, 2014, to shareholders of record on May 15, 2014.
  • On April 18, 2014, Calpine Corporation (Calpine) announced the sale of six power plants with 3,498 MWs of capacity to LS Power for $1.57 billion in cash.
  • NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the company's common stock of 14 cents per share, or 56 cents per share on an annualized basis. The dividend is payable May 15, 2014 to shareholders of record as of May 1, 2014.
  • Southern Company said today it is increasing its annual dividend by 7 cents per share to a rate of $2.10 per share.
  • NRG Energy, Inc. (NYSE:NRG), today announced the early tender results of its previously announced tender offer to purchase any and all of $298,548,000 in aggregate principal amount of its outstanding 8.50% senior notes due 2019 (the "8.50% Notes") and $708,522,000 in aggregate principal amount of its outstanding 7.625% senior notes due 2019 (the "7.625% Notes" and, together with the 8.50% Notes, the "2019 Notes") with the net proceeds from the issuance of the previously announced offering of $1,000 million in aggregate principal amount of 6.25% senior notes due 2024, together with cash on hand.
  • Fitch rates Abengoa Transmision Sur's (ATS) USD432 million senior notes maturing in 2043 'BBB-'. The Rating Outlook is Stable.
  • The Board of Directors of The AES Corporation (NYSE: AES) declared a quarterly common stock dividend of 5 cents per share payable May 15, 2014, to shareholders of record at the close of business on May 1, 2014.
  • The Board of Directors of Entergy Corporation (NYSE: ETR) has declared a quarterly dividend of 83 cents per common share. The payment date is June 2, 2014, to stockholders of record on May 15, 2014.
  • Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 63 cents a share on its common stock, payable June 15, 2014, to stockholders of record as of May 14, 2014.
  • A group of 16 counties says Ameren Missouri's property within their borders is worth $103 million more than the utility claims, and both sides are gearing up for a long appeal in front of the state's tax commission.
  • What American Utilities Can Learn from E.On

    Leonhard Birnbaum
    Apr 20, 2014 | Martin Rosenberg

    European utilities are rethinking their business models as a result of a sharp drop in their revenue and asset values. Leonhard Birnbaum, a member of the board of management at E.On SE, offered the view from Germany.

  • CONSOL Energy Inc. (NYSE: CNX) ("CONSOL") today announced the closing of its private placement of $1.6 billion of its 5.875% senior notes due 2022 (the "Notes"). The Notes are guaranteed by substantially all of CONSOL's wholly-owned domestic restricted subsidiaries.
  • The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:
  • CONSOL Energy Inc. (NYSE: CNX) ("CONSOL") announced that, as of 5:00 p.m., New York City time, today (the "Withdrawal Time"), as reported by the tender agent, it had received tenders and consents from holders of approximately $583 million, or 38.9 percent, of the principal amount of its outstanding 8.00% senior notes due 2017 (the "2017 Senior Notes"), in connection with its previously announced tender offer (the "Offer") and consent solicitation respecting the 2017 Senior Notes.
  • The recently discovered fracture at the Wanapum Dam's spillway structure does not currently impact bond ratings for the project's owner, the Public Utility District No. 2 of Grant County, WA (the district), nor other affected utilities, Fitch Ratings says.
  • Duke Energy's View of Generation and Transmission

    LynnGood
    Apr 13, 2014 | Martin Rosenberg

    Duke Energy is committed to maintaining a diverse portfolio of generation assets and adequate transmission as it prepares for the futures. Lynn Good, the company’s president and chief executive officer, discussed these nuts and bolts issues recently with EnergyBiz.

  • Duke Energy's Lynn Good

    Lynn Good
    Apr 06, 2014 | Martin Rosenberg

    As she settles into the leadership of America’s largest utility, 7 million customers strong, Lynn Good is all about addressing Duke Energy’s strategic challenges. EnergyBiz recently interviewed Good, Duke’s president and chief executive officer.