Energy Efficiency Upgrades, Corporate Statements, and Quarterly Dividends - Analyst Notes on PSEG, AES, DTE Energy, NRG Energy and Edison International
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NEW YORK, July 1, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Public Service Enterprise Group Inc. (NYSE: PEG), AES Corp (NYSE: AES), DTE Energy Co (NYSE: DTE), NRG Energy Inc. (NYSE: NRG) and Edison International (NYSE: EIX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4296-100free.
Public Service Enterprise Group Inc. Analyst Notes
On June 19, 2014, Public Service Electric and Gas Company (PSE&G), a subsidiary of Public Service Enterprise Group Inc. (PSEG), announced that it has completed energy efficiency work at 20 public schools in Bayonne and Jersey City through its Direct Install Program for Government and Non-Profit facilities. According to the Company, the energy efficient improvements done at the three schools and currently underway in one school, in Bayonne, amounts to over $550,000. The Company reported that these upgrades will help Bayonne save up to $150,000 annually in utility costs. The Company added that 17 Jersey City schools has received energy efficient upgrades from the Company with work at the Martin Center for the Arts still ongoing and expected for completion in summer 2014. The Company noted that these energy efficient improvements in Jersey city schools amounts to over $900,000 and will help Jersey City to save more than $275,000 annually in utility costs. The full analyst notes on PSEG are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/PEG/report.pdf
AES Corp Analyst Notes
On June 25, 2014, AES Corp (AES) released a statement regarding the current situation in Bulgaria, relating to its 690 MW Maritza coal-fired plant where Bulgaria's State Energy and Water Regulatory Commission (SEWRC) released statements that limits the ability of Maritza's offtaker, the National Electric Company (NEK), to pass-through certain costs to the regulated market. According to the release, SEWRC recommended that NEK begin negotiating amendments to Maritza's Power Purchase Agreement (PPA), which includes taking one of Maritza's units out of the PPA and a reduction of 30% from the price for the remaining unit's output. According to the Company, all of these developments could affect the financial performance of Maritza and AES. The Company stated, "AES believes that Maritza has a valid and binding PPA with NEK, and Maritza will take all actions necessary to protect its interests, whether through negotiated agreement with NEK or through enforcement of its rights under the PPA. Recently, Maritza filed administrative appeals of these decisions by SEWRC with the Supreme Administrative Court of Bulgaria and, if necessary, will pursue other remedies as appropriate. Maritza will continue to work in partnership with NEK, the Government of Bulgaria and their lenders, a consortium of 25 international banks, led by the European Bank for Reconstruction and Development (EBRD)." The full analyst notes on AES are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/AES/report.pdf
DTE Energy Co Analyst Notes
On June 19, 2014, DTE Energy Co (DTE Energy) announced that its Board of Directors has increased dividend by 5.3% from the previous quarterly dividend of $0.655 per share to $0.69 per share on its common stock, payable on October 15, 2014, to shareholders of record at the close of business as on September 15, 2014. The Company informed that this marks the fifth consecutive year of dividend increases with an average annual dividend increase of 5.4% which is in-line with DTE's long-term earnings targets. The full analyst notes on DTE Energy are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/DTE/report.pdf
NRG Energy Inc. Analyst Notes
On June 20, 2014, NRG Energy Inc. (NRG Energy) announced that it has capacity to generate more than 1,200 megawatts (MW) of solar power which is enough electricity to support over one million homes. NRG stated that since the beginning of the year, its utility-scale solar facilities have produced over 957,000 megawatt hours of electricity from 12 major projects. Tom Doyle, President for NRG's solar and wind business unit, said, "NRG is committed to transforming the future of energy and expanding what is possible for consumers through the use of renewable energy sources." He added, "As people continue to demand and embrace clean energy solutions and companies continue to innovate further to provide them, we will start to see real progress in our fight against climate change." The full analyst notes on NRG Energy are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/NRG/report.pdf
Edison International Analyst Notes
On June 26, 2014, Southern California Edison (SCE), a subsidiary of Edison International, announced that it will hold a briefing to explain rate changes to residential customer. The briefing will take place with a rates expert to explain the key factors impacting rates on July 1, 2014, at 10:30 a.m., at County of Ventura Government Center, Lower Plaza Assembly Room, 800 S. Victoria Ave., Ventura. The Company added that Russ Worden, a Director in the SCE rates group will present and answer questions. The full analyst notes on Edison International are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/EIX/report.pdf
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