Financial

  • 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.
  • Fitch Ratings has assigned its 'A' rating to the Southern Company's issuance of $400 million series 2014A 1.30% senior notes due Aug. 15, 2017 and $350 million series 2014B 2.15% senior notes due Sept. 1, 2019. These notes are senior, unsecured obligations of Southern Company. The Rating Outlook is Stable.
  • Fitch Ratings has affirmed TECO Energy Inc.'s (TE) 'BBB' long-term Issuer Default Rating (IDR) following the New Mexico Public Regulation Commission's (PRC) approval of its pending acquisition of New Mexico Gas Intermediate Inc. (NMGI) and wholly owned subsidiary, New Mexico Gas Company (NMGC).
  • What looked like a savvy financial coup in 2006 when the economy was surging could soon become a $20 million jolt for Ocala electric utility customers and, to a lesser extent, for 13 other Florida Municipal Power Agency members.
  • The balanced regulatory compact in California remains a key factor supporting the credit ratings of investor-owned utilities (IOU) in the state, amid nascent secular challenges, according to Fitch Ratings.
  • Fitch Ratings affirms the City of Vero Beach's, $39.9 million in electric refunding revenue bonds (series 2003A) at 'A+'.
  • Fitch Ratings has assigned an 'A-' rating to Atlantic City Electric Co.'s (ACE) proposed new $150 million issue of first mortgage bonds.
  • Fitch Ratings has assigned an initial long-term rating of 'AA' to the city of Fayetteville's (NC) Public Works Commission (PWC) Revenue Bonds, Series 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.