Financial

  • Pattern Energy Group Inc. (Nasdaq:PEGI) (TSX:PEG) today announced that it has expanded commitments under its corporate credit facility agreement to US$350 million from US$145 million.
  • SolarCity Corp.'s shares jumped higher closing the Thursday trading session at $50.91, gaining 1.23%. The ascent followed the news of the company's partnership with Bank of America Merrill Lynch.
  • Pinnacle West Capital Corporation’s (NYSE: PNW) Board of Directors today declared a quarterly dividend of $0.595 per share of common stock, payable on March 2, 2015, to shareholders of record on February 2, 2015.
  • WGL Holdings, Inc. (NYSE: WGL) declared a regular quarterly dividend of $0.44 per share of common stock. The quarterly dividend is payable February 1, 2015, to shareholders of record as of January 10, 2015.
  • Fitch Ratings has downgraded the following Paducah Power System (PPS) revenue bonds to 'BBB' from 'A-' and removed the ratings from Negative Watch.
  • The sector outlook for U.S. utilities, power and gas companies is stable for 2015 given the backdrop of gradual economic recovery, low inflation and subdued interest rates, and stable commodity prices, according to a Fitch Ratings report.
  • Fitch Ratings has affirmed the 'A-' rating on Bristol Virginia Utilities Authority's (BVUA) implied utility system revenue bonds.
  • Fitch Ratings has upgraded Sacramento Municipal Utility District (SMUD), CA's outstanding electric revenue bonds as follows: --$1.97 billion outstanding electric revenue bonds to 'AA-' from 'A+'; --$347.9 million subordinated electric revenue bonds to 'AA-' from 'A+'.
  • Fitch Ratings affirms the 'A-' rating on Western Farmers Electric Cooperative's (WFEC) implied senior secured obligations.
  • Dec 11, 2014 | Walter M. Sanders, IV
    Between the changing regulatory landscape and the increasing age of U.S. power plants, plant managers and other key decision makers are under intense pressure to control and reduce maintenance costs.
  • The Challenge of Infrastructure Investment

    Dec 07, 2014 | Martin Rosenberg

    The gas industry is investing in upgrading its network and working to find new ways to pay for the upgrades. That is a key focus of executives, says Scott Prochazka, CenterPoint Energy chief executive officer.

  • Focusing on Customers

    Nov 30, 2014 | Martin Rosenberg

    Utilities are infrastructure businesses facing increased merger and acquisition activity. EnergyBiz recently sat down with Gale Klappa, the company chairman and chief executive, to discuss these and other major trends.

  • Klappa’s View from Wisconsin

    Nov 23, 2014 | Martin Rosenberg

    Wisconsin Energy sees its business shifting somewhat, particularly as distributed generation spreads. EnergyBiz recently sat down with Gale Klappa, the company chairman and chief executive, to discuss these trends.

  • Rhode Island’s Roberti

    Nov 16, 2014 | Martin Rosenberg

    States are now putting together their strategies for complying with unprecedented federal mandates addressing greenhouse gases. Paul Roberti, a member of the Rhode Island Public Utilities Commission, discussed the challenge with EnergyBiz at a recent gathering of regulators.

  • Missouri’s Kenney

    Nov 09, 2014 | Martin Rosenberg

    State regulators are closely watching the roll out of new federal carbon emissions rules as well changes in utilities’ business strategies. EnergyBiz recently discussed these issues with Robert S. Kenney, chairman of the Missouri Public Service Commission, at a gathering of regulators.

  • Technology Expands Customer Choice

    Nov 02, 2014 | Martin Rosenberg

    Utilities businesses are changing and that requires a rethinking of the energy business by all players. We recently explored these trends with Craig Ivey, president of Con Edison.

  • Oct 20, 2014 | Joel Gordes
    Recently, Connecticut Light & Power (CL&P), a subsidiary of Northeast Utilities (NU), filed for a rate increase with the Connecticut Public Utilities Regulatory Authority (PURA). While such a rate increase will have many effects, one that has seemingly not yet been considered is its potential to result in harming energy security.
  • U.S. Reports Significant Rise in Electricity Costs
    Oct 09, 2014 | Katia Lundy

    Retail residential electricity prices across the U.S. rose in the first half of this year, averaging 12.3 per kilowatt hour, a 3.2 percent price hike from the same period last year. This is the largest six-month rise since 2009, the U.S Energy Information Administration has reported.

  • Nicholas Akins on the Future of Power

    Oct 05, 2014 | Martin Rosenberg

    Energy utilities are moving fast to adapt to many significant changes, according to Nicholas Akins, American Electric Power’s chairman, president and CEO. He recently discussed a wide range of issues as part of an EnergyBiz roundtable with industry leaders.

  • Earley on the Cycles of Business

    Sep 28, 2014 | Martin Rosenberg

    The 21st-century grid will provide utilities with a chance for growth. So says Anthony Earley, chairman, president and CEO of PG&E. He recently discussed a wide range of issues as part of an EnergyBiz roundtable with industry leaders.