Wed, May 20, 11:47 AM
Thu, Apr. 30, 6:02 AM
Tue, Mar. 24, 2:54 PM
- Xcel Energy (XEL -1%) is upgraded to Overweight from Equal Weight but with a reduced $39 price target, cut from $41, at Barclays in expectation of a constructive outcome to Northern States Power electric rate case, which the firm says should remove a long-standing overhang from the stock and largely clear the regulatory calendar.
- The firm's lower stock price target is predicated on XEL moving up to a 10% premium to the 2017 regulated utility industry average P/E multiple from its current 4% discount; taking the price appreciation in conjunction with the implied dividend yield of 3.3% results in total return potential of ~15%.
Wed, Feb. 18, 3:00 PM
Thu, Jan. 29, 6:05 AM
Dec. 10, 2014, 1:48 PM
Nov. 24, 2014, 11:58 AM
- Electric utilities from Minnesota to Texas are trying to pressure Berkshire Hathaway's (BRK.A, [BRK.B]]) BNSF Railway to speed up deliveries of coal on its congested tracks before the worst winter weather hits.
- One group of utilities has petitioned federal regulators to impose a timetable on BNSF to add workers and improve tracks leading east from coal fields in Wyoming; some of the group’s utilities depend on BNSF, one of the largest shippers of coal from the West, for their coal supply, and they say they do not have an alternative.
- Xcel Energy (NYSE:XEL), which owns utilities in eight states, says all its coal plants served by BNSF have less than 30 days’ worth of coal; Allete’s (NYSE:ALE) Minnesota Power temporarily shut two smaller coal plants in September to conserve coal for its large coal plant in Cohasset.
- Coal producers also are struggling to cope with the rail service problems; Peabody Energy (NYSE:BTU) says coal shipments from its Western operations, including Wyoming mines that supply power plants in Minnesota, fell 2% in Q3 because customers could not find enough rail capacity.
Nov. 7, 2014, 4:58 PM
- Customers of Minnesota utilities such as CenterPoint (NYSE:CNP) and Xcel Energy (NYSE:XEL) can expect lower rates and even small refunds on their natural gas bills this winter, as utilities, weather forecasters and the U.S. government forecast that last year's record cold won’t be repeated.
- Schneider Electric predicts temperatures could be slightly below average but does not expect another polar vortex in the Upper Midwest this year; cold snaps could still cause prices to increase on the natural gas market, but they probably won’t be as steep as last year.
- CNP and XEL also anticipate milder winter weather, and XEL is predicting a 15%-16% decrease in natural gas usage.
Oct. 30, 2014, 6:03 AM
Aug. 20, 2014, 2:05 PM
Jul. 31, 2014, 6:20 AM
Jun. 3, 2014, 12:45 PM
- EPA chief Gina McCarthy says she expects for significant changes in proposed state emission goals before a final rule is issued next year if the individual states show they can’t meet the targets.
- McCarthy says the agency made changes when developing its rules on mercury pollution in 2012 after utilities complained, and says she "wouldn’t be surprised if we made significant” revisions to the carbon proposal.
- McCarthy notes "confusion" around the targeted 30% emission cuts, saying it’s not a goal of the plan but an estimate of what the EPA thinks can be achieved.
- Coal names are broadly lower: WLT -4.4%, ACI -3.7%, ANR -2%, ARLP -1.9%, CNX -1.3%, CLD -0.3%, BTU -0.2%.
- Big utilities are mostly higher: EXC +1.6%, AEP +1%, NRG +0.7%, D +0.5%, XEL +0.4%, SO +0.3%, PEG +0.2%, NEE +0.1%, DUK -0.2%
- ETFs: XLE, XLU, TAN, ERX, KOL, IDU, VDE, OIH, ERY, FCG, VPU, DIG, KWT, GASL, DUG, IYE, GASX, PXJ, RYE, FENY, UPW, RYU, FUTY, FXN, FXU, DDG, SDP
May 28, 2014, 9:13 AM
- Xcel Energy (XEL) and SunPower (SPWR) have signed a power purchase agreement to construct a 50-megawatt solar photovoltaic power plant in Colorado's San Luis Valley.
- "This expansion of our renewable portfolio in Colorado is yet another example of how Xcel Energy brings solar power to its customers in the right way," declares CEO of Xcel Energy David Eves.
- The company predicts the plant will generate enough electricity for approximately 13,500 average Colorado homes. Xcel Energy currently supplies energy-related products and services to 3.5M customers. Construction is set to start in 2015, and to be fully operational by the end of 2016.
May 21, 2014, 1:14 PM
May 1, 2014, 7:09 AM
Feb. 19, 2014, 3:01 PM
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