11:21 AM
A surprise drop in electricity consumption has providers worried the trend isn't only a byproduct of a weak economy, but could reflect a permanent shift that will require sweeping change in their industry. (Utilities: DUK, XEL, AEP, PGN)
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Tuesday, October 28, 2008
14:36 PMMore bad news for solar: Xcel Energy (XEL) chops the credit on a typical household photovoltaic system to $6,750 from $11,250. Part - but not all - of the shortfall will be covered by a larger government subsidy. Still, if the move starts a trend, "there could be material retrenchment in residential solar demand," analyst Gordon Johnson says.
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Thursday, October 23, 2008
08:41 AMXcel Energy (XEL): Q3 EPS of $0.51 misses by $0.05. Revenue of $2.85B in-line. Shares -2.7%. (PR)
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