Financial Results, Community Initiatives, Agreements, and Module Setting - Analyst Notes on Calpine, AES, CMS, UNS and SCANA
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NEW YORK, May 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Calpine Corp. (NYSE: CPN), The AES Corporation (NYSE: AES), CMS Energy Corp. (NYSE: CMS), UNS Energy Corp (NYSE: UNS) and SCANA Corporation (NYSE: SCG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2804-100free.
Calpine Corp. Analyst Notes
On May 1, 2014, Calpine Corp. (Calpine) reported its Q1 2014 financial results. Operating revenues increased 58.3% YoY to $2.0 billion. Net loss stood at $17.0 million, or $0.04 per diluted share, compared to $125.0 million, or $0.28 per diluted share in Q1 2013. Adjusted EBITDA was $446.0 million, compared to $286.0 million in Q1 2013. According to the Company, the increase in adjusted EBITDA was attributed to stronger market conditions driven by colder than normal weather, operating some of Company's dual-fuel power plants on fuel oil rather than natural gas, commencement of commercial operations of Russell City and Los Esteros power plants and higher regulatory capacity revenue. For full-year 2014 the Company expects adjusted EBITDA to range between $1.9 billion to $2.0 billion. The full analyst notes on Calpine are available to download free of charge at:
http://www.analystsreview.com/2804-CPN-22May2014.pdf
The AES Corporation Analyst Notes
On May 19, 2014, The AES Corporation's (AES) stock decreased 1.55% ending the day $14.00 per share. The Company's stock was trading near its 50-day moving average of $13.96.Over the previous three trading sessions, shares of the Company decreased 1.27%, compared with S&P 500, which also decreased 0.18%, during the same trading period. The full analyst notes on AES are available to download free of charge at:
http://www.analystsreview.com/2804-AES-22May2014.pdf
CMS Energy Corp. Analyst Notes
On May 19, 2014, CMS Energy Corp. (CMS) reported that the Company and Michigan Governor, Rick Snyder kicked off initiatives to promote growth in downtown area of Michigan, joining more than 18 businesses and three colleges to celebrate the start of the new Anchor Initiative. According to John Russell, President and CEO, Consumers Energy, the Company plans to convert downtown Jackson's former Woolworth Building into a hub for business innovation. The Company informed that it will also encourage employees to live downtown within a short walk of the Company's corporate headquarters and collaborate with other Anchor Initiative members on ways to build a vibrant center. CMS stated that besides its support for the Anchor Initiative, the Company is on target to reach its goal of increasing spending with Michigan-based suppliers by $1.0 billion over five years. Russell commented, "Businesses like ours can enable Michigan's downtowns to thrive, and we think what we are doing in Jackson can be a model across the state." The full analyst notes on CMS are available to download free of charge at:
http://www.analystsreview.com/2804-CMS-22May2014.pdf
UNS Energy Corp Analyst Notes
On May 16, 2014, UNS Energy Corp (UNS) reported that the Company and Fortis Inc. (Fortis) have agreed to provide customer bill credits totaling $30.0 million over five years, as well as additional capital and enhanced consumer protections as part of a settlement filed with the Arizona Corporation Commission (ACC). UNS stated that the settlement which was filed on May 16, 2014 was endorsed by both Companies and is subject to the review of the ACC, which could approve, reject, or modify the proposed settlement. The Company informed that the $4.3 billion acquisition which includes the assumption of $1.8 billion in debt was approved by UNS Energy shareholders on March 26, 2014. UNS noted that under the agreement Fortis agreed that TEP and UES would receive bill credits totalling $10.0 million during the first year after the transaction is finalized and $5.0 million annually in second until fifth year. The full analyst notes on UNS are available to download free of charge at:
http://www.analystsreview.com/2804-UNS-22May2014.pdf
SCANA Corporation Analyst Notes
On May 12, 2014, SCANA Corporation (SCANA) reported that its principal subsidiary South Carolina Electric & Gas Company has placed the CA20 module in the nuclear island of V.C. Summer Unit 2 on May 9, 2014. According to the Company, CA20 module will house fuel handling and storage areas as well as other important plant systems. SCANA informed that with a total load weight of approximately 2.0 million pounds and standing approximately 70 feet tall, CA20 has measures which are equivalent to a five-story building, and is one of the heaviest lifts on the construction site. Kevin Marsh, SCANA Chairman and CEO, said, "We are pleased to announce successful placement of this major module on the Unit 2 basemat at V.C. This is another significant step among many on our path to providing South Carolina with a clean, safe and reliable energy future." The full analyst notes on SCANA are available to download free of charge at:
http://www.analystsreview.com/2804-SCG-22May2014.pdf
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