Electric Energy Online: Financial

Great Plains Energy Incorporated Declares Dividends

8 Feb 2012 09:55:17 EST

Kansas City, MO, February 8, 2012 - Great Plains Energy Incorporated (NYSE: GXP) announced that its Board of Directors approved a quarterly dividend of $0.2125 per share on its common stock. This action continues Great Plains Energy’s indicated annual dividend level of $0.85 per share. The common dividend will be payable March 20, 2012 to shareholders of record as of February 28, 2012. The shares will begin to trade ex-dividend ...

Fitch Rates Northern California Power Agency (Hydroelectric Proj No. 1) 2012A&B; Withdraws 2011A&B

8 Feb 2012 09:31:39 EST

San Francisco, CA, February 8, 2012 - Fitch Ratings has withdrawn the 'A' rating on Northern California Power Agency (NCPA) (CA) (Hydroelectric Proj No. 1) revenue refunding bonds series 2011A and (taxable) series 2011B as these bonds were not sold in 2011 (see 'Fitch Rates Northern Calif Power Agency 'A'; Affirms Outstanding Geo and Hydroelectric Project Bonds' dated Nov. 29, 2011). Fitch assigns an 'A' rating to NCPA's (Hydroelectric ...

Powell Industries Announces Fiscal 2012 First Quarter Results

8 Feb 2012 08:58:58 EST

Houston, TX, February 8, 2012 - Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management and control of electrical energy and other critical processes, announced results on February 7 for the fiscal 2012 first quarter ending December 31, 2011. Revenues for the first quarter of fiscal 2012 were $157.5 million compared to revenues of $124.7 million for the first quarter of fiscal ...

Acorn Energy Inc. Announces Quarterly Dividend

8 Feb 2012 08:54:15 EST

Montchanin, DE, February 8, 2012 - Acorn Energy, Inc. (NASDAQ: ACFN), an energy technology holding company, announced that its Board of Directors has approved a dividend of $0.035 per share to be paid on March 1, 2012 to common stockholders of record on February 20, 2012. The dividend is a continuation of Acorn Energy's policy to pay a regular quarterly per share dividend of $.035 per quarter. About Acorn Energy, Inc. Acorn ...

Clean Wind Energy Tower, Inc. Pays Off Convertible Note

8 Feb 2012 08:52:50 EST

Annapolis, MD, February 8, 2012 - Clean Wind Energy Tower, Inc. (OTCBB: CWET), (the "Company") announced on February 7 that the Asher Enterprises, LLC, note, convertible into common stock, entered into on July 27, 2011, in the amount of $45,000 was paid off in cash. No shares of the Company's common stock from this note are being held in reserve for conversion. Ronald W. Pickett, Chairman and CEO, stated "The Company ...

VIASPACE Director Purchases Additional 4 Million Shares of Common Stock on the Open Market, Interviews With Green Baron Report and VIASPACE CEO in Malaysia

7 Feb 2012 16:00:28 EST

Irvine, CA., February 7, 2012 - VIASPACE Inc. (OTC Bulletin Board: VSPC), a clean energy company growing Giant King™ Grass as a low-carbon, renewable biomass dedicated energy crop, and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF), announced that its CEO Carl Kukkonen and newest Board of Directors member Dr. Kevin L. Schewe conducted an exclusive audio-taped webcast interview on The Green Baron Report. The ...

Fitch Rates Missouri Joint Muni Electric Utility Commission's (MO) $32.88MM Power Supply Revs 'A'

7 Feb 2012 15:57:24 EST

New York, February 7, 2012 - Fitch Ratings has assigned an 'A' rating to the following Missouri Joint Municipal Electric Utility Commission's (MJMEUC) bonds:

$32.88 million power supply system revenue bonds (MoPEP Facilities), series 2012.

MJMEUC expects to price the bonds during the week of Feb. 27. Proceeds will be used to finance the acquisition of an 8.2% ownership interest in the Dogwood ...

Envision Solar Announces Debt Reduction

7 Feb 2012 15:53:14 EST

San Diego, February 7, 2012 - Envision Solar International, Inc., ("Envision Solar") (OTCBB:EVSI), a leading sustainable infrastructure product designer and developer, announced that the company was successful in both reducing and renegotiating the company's debt positions at the end of 2011.Envision Solar was able to extend, with similar or more favorable terms, approximately $1,650,000 in various notes payable that ...

Axion Power International Closes Registered Direct Offering With Gross Proceeds of $9.4 Million

7 Feb 2012 15:51:30 EST

New Castle, PA., February 7, 2012 - Axion Power International, Inc. (OTC Bulletin Board: AXPW), the developer of advanced lead carbon PbC® batteries and energy storage systems, announced that as of February 3, 2012 it has completed a registered direct common stock offering providing gross proceeds of approximately $9.4 million.The shares sold, par value $0.0001, were priced at $0.35, which was the volume-weighted average price ...

Pike Reports Strong Earnings Growth in Fiscal Second Quarter 2012

7 Feb 2012 09:07:41 EST

Mount Airy, N.C., February 7, 2012 - Pike Electric Corporation (NYSE: PIKE), one of the nation's leading energy solutions providers, reported fiscal second quarter 2012 results for the period ended December 31, 2011. Revenue totaled $172.0 million, an increase of 16% compared to $148.6 million in the year-ago period. Net income totaled $4.9 million, or $0.14 per diluted share versus net income of $1.0 million, or $0.03 per diluted share ...

Revenues for U.S. Energy Service Companies to Reach $13 Billion by 2020, According to Pike Research

3 Feb 2012 14:02:58 EST

Boulder, CO, February 3, 2012 - While the energy service company (ESCO) industry has been active for approximately 30 years, it continues to evolve in response to business opportunities and economic trends. Today, newer service offerings, such as demand response and energy management software, enabled by intelligent metering and control systems that afford customers greater flexibility and control over their energy usage, are opening ...

E.ON Climate & Renewables Secures Financing for Illinois Wind Farm

3 Feb 2012 11:30:16 EST

Chicago, IL, February 3, 2012 - E.ON Climate & Renewables (EC&R) North America announced it has secured $122.2 million of institutional equity financing from JPM Capital Corporation (JP Morgan) and Wells Fargo Wind Holdings LLC (Wells Fargo) in exchange for a partial interest in its recently completed Settlers Trail Wind Farm. JP Morgan acted as lead investor in the financing. "EC&R constantly looks to determine ...

TECO Energy Announces Dividend Increase

3 Feb 2012 10:14:45 EST

Tampa, FL, February 3, 2012 - The board of directors of TECO Energy Inc. (NYSE:TE) has approved an increase to the company’s common stock dividend. A quarterly dividend of 22 cents per share was declared, payable Feb. 28 to shareholders of record as of Feb. 13. On an annual basis, the new rate will be 88 cents per share – a 3-cent, or 3.5 percent, increase over the 85 cents per share paid in 2011. “Our goal ...

TECO Energy Reports Fourth Quarter Results

3 Feb 2012 10:11:29 EST

Tampa, FL, February 3, 2012 - TECO Energy, Inc. (NYSE:TE) reported fourth quarter net income of $53.2 million, or $0.25 per share, compared to $56.7 million, or $0.27 per share, in the fourth quarter of 2010. In 2010, net income in the fourth quarter included a net gain from the sale of the ownership interest in DECA II in Guatemala, partially offset by a debt extinguishment charge described below. Full-year net income and earnings ...

Mild Weather Impacts TVA's First Quarter 2012 Results

3 Feb 2012 09:46:35 EST

Knoxville, TN, February 3, 2012 - Milder weather than last year in the Tennessee Valley Authority's service region drove sales of electricity down 5 percent for the three-month period ended Dec. 31, 2011, compared with the same period last year, TVA said Friday in its quarterly report to the Securities and Exchange Commission. The lower-than-expected sales and resulting lower revenue is causing TVA to revisit expenditures for 2012, ...

The Empire District Electric Company 2011 Earnings Report, Reinstatement of Dividend and Initial 2012 Earnings Guidance

3 Feb 2012 09:37:12 EST

Joplin, MO, February 3, 2012 - At the Board of Directors meeting of The Empire District Electric Company (NYSE:EDE) held on February 2, the Directors declared a quarterly dividend of $0.25 per share on common stock payable March 15, 2012, to holders of record as of March 1, 2012. The Company, an operator of regulated electric, gas and water utilities, announced the results for the quarter and year ended December 31, 2011. Highlights The ...

DTE Energy Declares Dividend

3 Feb 2012 09:13:57 EST

Detroit, MI, February 3, 2012 - The DTE Energy Board of Directors has declared a $0.5875 per share dividend on its common stock payable April 15, 2012, to shareholders of record at the close of business March 19, 2012. DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include Detroit Edison, an ...

Wisconsin Energy Posts Fourth Quarter and Full-Year Results for 2011

2 Feb 2012 14:12:13 EST

Milwaukee, February 2, 2012 - Wisconsin Energy (NYSE: WEC) reported net income from continuing operations of $114.1 million or 49 cents a share for the fourth quarter of 2011.This compares with net income from continuing operations of $125.6 million or 53 cents a share for the fourth quarter of 2010. Fourth quarter 2011 revenues were $1.11 billion, compared with $1.09 billion in the corresponding quarter a year ago. For the full ...

Mitsubishi Electric Reports Tax Costs Following Revised Corporate Tax Law

2 Feb 2012 09:33:03 EST

Tokyo, February 2, 2012 - Mitsubishi Electric Corporation (TOKYO: 6503) announced that it has reported tax costs of 32.0 billion yen as income taxes in its consolidated profit and loss statement for the first 9 months of fiscal 2012 ending December 31, 2011, of the current fiscal year ending March 31, 2012 (fiscal 2012). “Act for Partial Revision of the Income Tax Act etc. for the Purpose of Creating Taxation System ...

Mitsubishi Electric Announces Consolidated Financial Results for the First 9 Months and Third Quarter of Fiscal 2012

2 Feb 2012 09:28:51 EST

Tokyo, February 2, 2012 - Mitsubishi Electric Corporation (TOKYO:6503) announced its financial results for the first 9 months and third quarter ending December 31, 2011, of the current fiscal year ending March 31, 2012 (fiscal 2012). “Suspension from Japan's Cabinet Satellite Intelligence Center Bidding” .1. Consolidated First 9 Months Results (April 1, 2011 – December 31, 2011) Net sales: 2,560.3 billion ...

Energy Future Intermediate Holding Company and EFIH Finance Inc. Announce Private Placement of Senior Secured Second Lien Notes

1 Feb 2012 10:11:33 EST

Dallas, TX, February 1, 2012 - Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. (collectively, the “Issuers”), both wholly-owned subsidiaries of Energy Future Holdings Corp. (“EFH Corp.”), intend to commence a private offering of $400 million principal amount of Senior Secured Second Lien Notes due 2022. The Issuers intend to use the net proceeds from the offering to pay a dividend to ...

ONYX Comments on SEC Suspension

1 Feb 2012 10:12:26 EST

Greenwood Village, CO, February 1, 2012 - On Friday, January 27, 2012, Onyx Service & Solutions, Inc. (OTCBB: ONYX) received an “Order of Suspension of Trading” from the Securities and Exchange Commission. The effect of the order was a complete suspension of trading of the Company’s common stock prior to market open on January 27, 2012. The order is in effect until 11:59 pm on February 9th. Per the Order, the SEC is ...

NiSource Reports 2011 Earnings

1 Feb 2012 09:38:36 EST

Merrillville, IN, February 1, 2012 - NiSource Inc. (NYSE: NI) announced net operating earnings (non-GAAP) of $377.8 million, or $1.35 per share, for the twelve months ended Dec. 31, 2011, compared to net operating earnings of $338.2 million, or $1.22 per share for 2010 – an increase of about 10.7 percent. NiSource's consolidated operating earnings (non-GAAP) for the twelve months ended Dec. 31, 2011, were $961.3 million compared ...

El Paso Electric Announces Quarterly Dividend

1 Feb 2012 09:20:00 EST

El Paso, TX, February 1, 2012 - The Board of Directors of El Paso Electric (NYSE:EE) has declared a regular quarterly cash dividend on its common stock of $0.22 per share. The dividend is payable on March 30, 2012 to shareholders of record on March 15, 2012. El Paso Electric is a regional electric utility providing generation, transmission, and distribution service to approximately 380,000 retail and wholesale customers in a 10,000 ...

Unitil Reports Year-End Earnings

1 Feb 2012 08:52:51 EST

Hampton, NH, February 1, 2012 - Unitil Corporation (NYSE: UTL) (www.unitil.com) reported net income of $16.3 million, or $1.50 per share, for the full year of 2011, an increase of $6.8 million, or $0.62 per share, over 2010, reflecting higher natural gas and electric sales margins partially offset by higher utility operating and interest costs. The Company's Earnings were $10.0 million, or $0.92 per share, for the fourth quarter ...

Entergy Reports Fourth Quarter Earnings

31 Jan 2012 09:13:40 EST

New Orleans, January 31, 2012 - Entergy Corporation (NYSE: ETR) today reported fourth quarter 2011 as-reported earnings of $154.1 million, or 87 cents per share, compared with $228.3 million, or $1.26 per share, for fourth quarter 2010. On an operational basis, Entergy's fourth quarter 2011 earnings were $167.2 million, or 94 cents per share, compared with $235.0 million, or $1.30 per share, in fourth quarter 2010. For the year, ...

Southwest Iowa Renewable Energy, LLC Reports Q1 Fiscal 2012 Earnings

31 Jan 2012 09:10:30 EST

Council Bluffs, IA., January 31, 2012 - On January 30, 2012, Southwest Iowa Renewable Energy, LLC ("SIRE") announced its unaudited financial results for the first fiscal quarter of fiscal year 2012 ended December 31, 2011. SIRE reported a net income of $8,995,321, or $684.63 per unit, compared to a net loss of $396,318, or $30.61 per unit, for the same period in 2011. The cash flow provided by (used in) operations for the first ...

Ormat Updates Impact of California Global Settlement on its 2012 and 2013 Revenues

31 Jan 2012 09:03:11 EST

Reno, NV., January 31, 2012 - Ormat Technologies, Inc. (NYSE: ORA) announced that it is revising its previously issued expectations pertaining to the impact of recently finalized mandatory short-run-avoided-cost ("SRAC") pricing applicable to power purchase agreements ("PPAs") for the Heber 1 and 2 power plants, the Ormesa complex and the Mammoth complex in California (the "SARC PPAs") may have on ...

True Green Energy Group Will Dual List in Berlin

31 Jan 2012 08:50:55 EST

Manila, Philippines, January 31, 2012 - True Green Energy Group announced that it was going to dual list its public company in Berlin because the Frankfurt exchange has had so many problems and has been undergoing a lot of changes due to the huge influx of companies from stalled American markets who were seeking listings on Frankfurt. Ronald Flynn, chairman and founder of True Green Energy Group, said, "After many meetings with our ...

Huaneng Power International, Inc. Expects the Net Profit Attributable to Its Shareholders for Full Year 2011 to Decrease by More Than 50% Year-on-year

30 Jan 2012 10:06:31 EST

Beijing, China, January 30, 2012 - Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced its expected results for the full year of 2011. Based on preliminary estimate of the Company, it is expected that the net profit attributable to the Company's shareholders under the PRC Accounting Standards for the period from 1 January 2011 to 31 December 2011 may decrease by ...

Arista Power Retains The Equity Group to Provide Investor Relations Services

30 Jan 2012 09:41:43 EST

Rochester, NY, January 30, 2012 - Arista Power, Inc. ("Arista Power" or the "Company") (OTCBB: ASPW), a manufacturer, designer and integrator of renewable energy generation, management and distribution systems, today announced that it has retained The Equity Group Inc. to provide investor relations services. Founded in 1974, The Equity Group is a full service, New York-based investor relations and financial communications ...

NiSource Declares Quarterly Common Dividend

30 Jan 2012 09:09:18 EST

Merrillville, IN, January 30, 2012 - The Board of Directors of NiSource Inc. (NYSE: NI) approved a quarterly dividend payment of 23 cents per share, payable Feb. 20, 2012, to common stockholders of record at the close of business Feb. 6, 2012. About NiSource NiSource Inc. (NYSE: NI), based in Merrillville, Ind., is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well as electric ...

Fitch Rates Nebraska Public Power District's $234.5MM 2012 Series A Bonds 'A+'; Outlook Stable

30 Jan 2012 09:04:36 EST

New York, January 30, 2012 - Fitch Ratings assigns an 'A+' rating to Nebraska Public Power District $234.5 million general revenue bonds, 2012 series A. The bonds are expected to price the week of Jan. 30 through negotiated sale. Bond proceeds will be used to refund certain outstanding bonds, fund capital improvements and add to the debt service reserve fund. In addition, Fitch affirms the ratings on the following outstanding ...

Entergy Declares Dividend

30 Jan 2012 08:56:08 EST

New Orleans, LA, January 30, 2012 - The Board of Directors of Entergy Corporation (NYSE:ETR) has declared a quarterly dividend of 83 cents per common share. The payment date is March 1, 2012, to stockholders of record on Feb. 9, 2012. Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 ...

CMS Energy's Board of Directors Increases Quarterly Dividend on Common Stock by 14 Percent, to 24 Cents Per Share

27 Jan 2012 13:12:36 EST

Jackson, MI., January 27, 2012 - The Board of Directors of CMS Energy increased the quarterly dividend on the company's common stock by 14 percent, to 24 cents per share, up from 21 cents per share. Based on Thursday's closing price for CMS Energy common stock, $22.31, the higher dividend represents an annualized yield of 4.3 percent. The first quarter dividend for the common stock is payable Feb. 29, 2012 to shareholders of record ...

NSTAR Reports 2011 GAAP EPS of $2.59 and Adjusted EPS of $2.65, up 3.5%

27 Jan 2012 10:04:34 EST

Boston, January 27, 2012 - NSTAR (NYSE: NST) reported adjusted earnings of $275.9 million, or $2.65 per common share, for the year 2011 and $269.5 million, or $2.56 per share in 2010, an increase of 3.5%. These earnings exclude merger-related costs of $6.4 million, or $0.06 per share, and $6 million, or $0.05 per share, in 2011 and 2010, respectively, and 2010 also excludes non-recurring items as described in the tables enclosed ...

Dominion Announces 2011 Earnings

27 Jan 2012 09:55:32 EST

Richmond, VA., January 27, 2012 -

Full-year 2011 operating earnings of $3.05 per share
Full-year 2011 GAAP earnings of $2.45 per share
Fourth-quarter 2011 operating earnings of 58 cents per share
Fourth-quarter 2011 GAAP earnings of 35 cents per share
Company introduces 2012 operating earnings guidance of $3.10 to $3.35 per share

Dominion (NYSE: D) announced ...

AEP Reports 2011 Fourth-Quarter and Year-End Earnings, Brings Clarity to Regulatory Issues, Strengthens Balance Sheet

27 Jan 2012 09:50:55 EST

Columbus, OH., January 27, 2012 -

Fourth-quarter earnings $0.64 per share GAAP, $0.40 per share ongoing
2011 year-end earnings $4.02 per share GAAP, $3.12 per share ongoing
Favorable impact of weather throughout the first three quarters of the year

American Electric Power (NYSE: AEP) today reported 2011 year-end earnings, prepared in accordance with Generally Accepted Accounting ...

Energy Achieves Positive EBITDA for December 2011

26 Jan 2012 10:35:04 EST

Minneapolis, January 26, 2012 - Titan Energy Worldwide, Inc. (OTC:TEWI), a leader in distributed power generation products and intelligent energy management services, announced that the Company finished the month of December 2011 with a positive EBITDA. EBITDA is a nonGAAP metric of the Company's financial performance that measures earnings prior to deductions of interest, taxes, depreciation and amortization. The Company's 10K ...

FirstEnergy Improves Accounting Method for Retirement Benefits, Provides 2011 Earnings Preview

26 Jan 2012 10:18:53 EST

Akron, OH., January 26, 2012 - FirstEnergy Corp., (NYSE: FE) announced it has adopted a new policy that changes the method of accounting for pensions and other post-retirement benefits (OPEB). The company also provided a preview of 2011 earnings. Fourth quarter and full-year 2011 results are scheduled to be reported on February 28, 2012. The new pension and OPEB accounting method, which is preferable under U.S. Generally Accepted ...

Ener1, Inc. Reaches Agreement With Primary Investors and Lenders on Plan to Reduce Debt and Secure New Equity Funding to Support Its Long-term Business Strategy

26 Jan 2012 10:14:31 EST

New York, January 26, 2012 - Receives Commitments for up to $81 Million to Recapitalize Company for Continued Operations - Initiates Pre-Packaged Chapter 11 Proceedings to Implement Restructuring Ener1, Inc. (OTC: HEVV) (the "Company") announced that it has reached agreement with its primary investors and lenders on a restructuring plan that will significantly reduce its debt and provide up to $81 ...

American Electric Power Declares Quarterly Dividend on Common Stock

25 Jan 2012 13:19:14 EST

Columbus, OH, January 25, 2012 - The Board of Directors of American Electric Power Co. (NYSE: AEP) declared a regular quarterly cash dividend of 47 cents a share on the company's common stock. The dividend is payable March 9, 2012, to shareholders of record as of Feb. 10, 2012, and is the company's 407th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. American ...

Southern Company Reports 2011 Fourth Quarter and Full-Year Earnings

25 Jan 2012 09:45:27 EST

Atlanta, GA, January 25, 2012 - Southern Company reported fourth quarter 2011 earnings of $261 million, or 30 cents a share, compared with earnings of $153 million, or 18 cents a share, in the fourth quarter of 2010. Southern Company also reported full-year 2011 earnings of $2.20 billion, or $2.57 a share, compared with earnings for 2010 of $1.97 billion, or $2.37 a share. Earnings for the quarter and the full year were positively ...

PVR Partners Increases Quarterly Cash Distribution

25 Jan 2012 09:17:15 EST

Radnor, PA., January 25, 2012 - The Board of Directors of Penn Virginia Resource GP, LLC, the general partner of Penn Virginia Resource Partners, L.P. (NYSE: PVR) ("PVR"), declared a quarterly cash distribution of $0.51 per unit payable on February 13, 2012 to unitholders of record on February 6, 2012.The distribution, which equates to an annualized rate of $2.04, represents an increase of 2.0% over the prior quarter distribution ...

Wells Fargo Completes Equity Financing for 53.5 MW Solar Project in New Mexico

24 Jan 2012 14:03:03 EST

San Francisco, January 24, 2012 - Wells Fargo & Company (NYSE:WFC) announced that equity financing is complete for a 53.5 megawatt (MW) multi-site solar project in New Mexico. The 53.5MW solar project, one of largest photovoltaic solar power projects in the U.S., was fully activated in December. The multi-site solar project was made possible through a power purchase agreement between SunEdison and Southwestern Public Service ...

Sol Systems Announces a 10 Year, Fixed-Price SREC Offer for Massachusetts

24 Jan 2012 14:01:27 EST

Washington, January 24, 2012 - Sol Systems, the oldest and largest solar renewable energy credit (SREC) aggregator in the nation, is pleased to announce Sol Annuity 10, a new product for Massachusetts solar photovoltaic (PV) projects.Sol Annuity 10 provides a price of $200 per SREC guaranteed for 10 years for any PV system located in Massachusetts. Customers that lock in this price will not have to worry about a potentially volatile ...

Siemens U.S. Order Intake Up 6% and Sales Up 2% in 1st Quarter 2012

24 Jan 2012 10:06:06 EST

Washington, January 24, 2012 - Siemens AG (NYSE: SI) announced a rather sluggish start into its FY2012. "The uncertainties of the ongoing debt crisis have left their mark on the real economy. Our revenue increased again, while isolated project delays burdened profits. Although a recovery is expected in the second half of the year, we must work hard to achieve our goals," said Siemens AG CEO Peter Loescher. Orders in ...

South Carolina Electric & Gas Company Announces Debt Offering

24 Jan 2012 08:41:30 EST

Cayce, S.C., January 24, 2012 - South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), announced that it sold, in a negotiated offering, $250 million principal amount of its First Mortgage Bonds, 4.350% Series due February 1, 2042. The bonds were priced to SCE&G at 99.042 percent, and are initially being offered to the public at 99.917 percent with a yield to maturity of ...

MGE Energy Declares Regular Dividend

23 Jan 2012 09:41:34 EST

Madison, WI., January 23, 2012 - The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) declared the regular quarterly dividend of $0.3826 per share on the outstanding shares of the company's common stock, payable March 15, 2012, to shareholders of record at the close of business March 1, 2012. MGE Energy has increased its dividend annually for the past 36 years and has paid cash dividends for more than 100 years. MGE Energy ...

Dominion Board of Directors Increases Dividend Rate; Declares Quarterly Dividend of 52.75 Cents

23 Jan 2012 09:40:00 EST

Richmond, VA., January 23, 2012 - The board of directors of Dominion (NYSE: D) has set a 2012 dividend rate of $2.11 per share of common stock, up from $1.97 per share in 2011, or a 7.1 percent increase, subject to quarterly determination and declaration of specific record and payable dates. The board also declared a first-quarter dividend of 52.75 cents per share of common stock. Dividends are payable on March 20, 2012, to shareholders ...

Western Wind closes $3.1 million private placement

23 Jan 2012 09:32:04 EST

Vancouver, January 23, 2012 - Western Wind Energy Corp. (the "Company") is pleased to announce that, further to its news release dated January 11, 2012, it has closed a non-brokered private placement of 1,550,000 Units at a price of $2.00 per Unit for gross proceeds of $3,100,000. Each Unit is comprised of one common share of the Company and one half of one share purchase warrant. One whole warrant entitles the holder ...

Entergy Provides Preliminary Fourth Quarter Earnings Guidance

23 Jan 2012 09:30:16 EST

New Orleans, LA, January 23, 2012 - Entergy Corporation (NYSE: ETR) indicated that it expects fourth quarter 2011 as-reported earnings of approximately $0.86 per share and operational earnings of approximately $0.93 per share. Results for fourth quarter 2010 were $1.26 per share on an as-reported basis and $1.30 per share on an operational basis. Entergy also affirmed its previously issued operational earnings guidance for 2012. As-reported ...

Algonquin Power & Utilities Corp. Announces Redemption of Series 2A 6.35% Convertible Debentures

20 Jan 2012 09:34:22 EST

Oakville, ON, January 20, 2012 - Algonquin Power & Utilities Corp. ("APUC") (TSX: AQN), announced that it has provided the holders of its Series 2A 6.35% convertible unsecured subordinated debentures due November 30, 2016 ("Debentures") (TSX:AQN.DB.A) notice of its intention to redeem for equity, effective February 24, 2011 ("Redemption Date"), all of the issued and outstanding Debentures. "With ...

CenterPoint Energy Raises Quarterly Dividend to 20.25 Cents From 19.75 Cents per Share

20 Jan 2012 09:24:28 EST

Houston, TX, January 20, 2012 - CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors declared a regular quarterly cash dividend of $0.2025 per share of common stock payable on March 9, 2012, to shareholders of record as of the close of business on February 16, 2012. "I am pleased that for the seventh consecutive year, CenterPoint Energy is raising its dividend," said David M. McClanahan, president and chief executive ...

Progress Energy Board of Directors Declares Dividend

20 Jan 2012 09:22:38 EST

Raleigh, NC, January 20, 2012 - Progress Energy's board of directors declared a full quarterly dividend of 62 cents per share on outstanding shares of Progress Energy's common stock. The dividend is payable March 16, 2012, to Progress Energy shareholders of record at the close of business on Feb. 17, 2012. Following the payment of the partial dividend on Jan. 9, 2012 of 25.9 cents per share, the Progress Energy and Duke Energy ...

Wisconsin Energy, Wisconsin Electric Declare Quarterly Dividends

20 Jan 2012 09:19:47 EST

Milwaukee, January 20, 2012 - The boards of directors of Wisconsin Energy Corporation (NYSE: WEC) and Wisconsin Electric Power Company declared quarterly dividends. Wisconsin Energy The Wisconsin Energy board of directors declared a quarterly cash dividend of 30 cents a share on the company's common stock consistent with the plan the board announced at its December 2011 meeting.This represents an increase ...

CenterPoint Energy Subsidiary Closes on Low-Cost Transition Bonds

20 Jan 2012 09:15:53 EST

Houston, Janurary 20, 2012 - CenterPoint Energy, Inc. (NYSE: CNP) announced that CenterPoint Energy Transition Bond Company IV, LLC has closed on the sale of $1.695 billion in transition bonds with an effective annual weighted average interest rate of approximately 2.45%. The issuance of the transition bonds was authorized by a financing order issued by the Public Utility Commission of Texas (PUC) in October 2011 following the ...

IDACORP Increases Quarterly Common Stock Dividend 10 Percent

20 Jan 2012 09:15:04 EST

Boise, ID, January 20, 2012 - On January 19, IDACORP, Inc.'s (NYSE: IDA) Board of Directors increased the 2012 regular quarterly cash dividend on IDACORP's common stock to $0.33 per share from $0.30 per share, representing a 10 percent increase. The increase reflects an annualized rate of $1.32 per share. The quarterly dividend is payable February 29, 2012 to IDACORP shareholders of record on February 6, 2012. "This dividend ...

Southern California Edison Issues $250 Million in Preference Shares Jointly Led by Minority-Owned Investment Bank

19 Jan 2012 11:30:17 EST

Rosemead, CA., January 19, 2012 - Southern California Edison Company (SCE) yesterday completed the sale, through a public offering, of $250 million of preference shares with a 6.25 percent dividend rate. “Our ongoing efforts to utilize diverse investment banks for Edison’s financing needs is again highlighted in the marketing group for this securities sale” The securities were sold through a selling group jointly ...

Martifer Solar USA, Inc. Closes $7.15M Credit Facility

19 Jan 2012 11:27:48 EST

Los Angeles, January 19, 2012 - Building on its robust capital base, Martifer Solar USA, Inc. received $7.15M in credit facilities from California Bank & Trust to provide full construction period financing for over 10MW of additional solar projects. “This significantly strengthens our already positive financial outlook in 2012. Coupled with our $100M bonding line and the backing of our $1.5B parent corporation, the facilities ...

Algonquin Power & Utilities Corp. Announces $80 Million Credit Facility for Liberty Utilities Co.

19 Jan 2012 09:52:49 EST

Oakville, ON., January 19, 2012 - Algonquin Power & Utilities Corp. ("APUC") (TSX: AQN) announced that it has entered into an agreement for a U.S. $80 million senior unsecured revolving credit facility ("Facility") with a three year term for Liberty Utilities Co. ("Liberty Utilities"), APUC's regulated distribution utility business. Initially, U.S. $25 million will be available immediately to support ...

SCANA Announces Debt Offering

19 Jan 2012 08:53:38 EST

Cayce, S.C., January 19, 2012 - SCANA Corporation (NYSE: SCG) announced that it sold, in a negotiated offering, $250 million principal amount of its Medium Term Notes due February 1, 2022.The 4.125 percent fixed rate notes were priced to SCANA at 98.588 percent, and are initially being offered to the public at 99.238 percent with a yield to maturity of 4.219 percent.J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & ...

Fitch Rates Alabama Power Co.'s $250MM 4.10% Senior Notes 'A+'; Outlook Stable

19 Jan 2012 09:17:19 EST

New York, January 18, 2012 - Fitch Ratings has assigned an 'A+' rating to Alabama Power Company's (APC) $250 million issuance of series 2012A 4.10% senior notes due 2042. Proceeds from the offering will be used for general corporate purposes including the continuous construction program. The Rating Outlook is Stable. APC's ratings and Outlook are based on the utility's consistent financial performance and the supportive regulatory ...

TVA Secures $1 Billion Financing Through Lease-Purchase of John Sevier Combined Cycle Plant

18 Jan 2012 09:26:20 EST

Knoxville, TN., January 18, 2012 - The Tennessee Valley Authority completed a lease-purchase transaction on Tuesday that provides $1 billion in financing to support TVA's vision of national leadership in low-cost, cleaner energy by 2020. TVA will lease the John Sevier Combined Cycle Plant in Rogersville, Tenn., to John Sevier Combined Cycle Generation LLC, a limited liability company, for which it will receive $1 billion in proceeds. ...

Unitil Declares Common Stock Dividend

18 Jan 2012 09:24:04 EST

Hampton, N.H., January 18, 2012 - Unitil Corporation (NYSE:UTL) (www.unitil.com) announced that its Board of Directors declared the regular quarterly dividend on the Company's common stock of $0.345 per share, payable on February 15, 2012 to shareholders of record on February 1, 2012. This quarterly dividend results in a current effective annual dividend rate of $1.38 per share. About Unitil Corporation Unitil ...