May 30, 2013, 9:38 AMSunTrust analyst Ali Agha doesn't expect a competing bid against Berkshire's offer for NVE Energy (NVE +22.7%), but he lists small- and mid-cap utilities with a one- or two-state focus that could be viewed as potential takeover targets: CMS Energy (CMS +1.8%), Great Plains Energy (GXP +3%), PNM Resources (PNM +1.9%), Pinnacle West (PNW +2.3%), Teco Energy (TE +0.3%). | Comment!
May 28, 2013, 8:23 AMTeco Energy (TE) agrees to acquire New Mexico Gas Co from utility holding company Continental Energy Systems for $750M in deal that will provide Teco with an additional 509,000 gas customers, giving it a total of 1.5M. Teco will also assume around $200M in New Mexico debt following the deal. (PR) | Comment!
TE vs. ETF Alternatives
Other News & PR