Financial Results, Dividends, Appointments, Maintenance Activities, and Sustainable Efforts - Analyst Notes on FirstEnergy, Entergy, Edison International, Dominion and Pepco Holdings
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 29, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding FirstEnergy Corp. (NYSE: FE), Entergy Corporation (NYSE: ETR), Edison International (NYSE: EIX), Dominion Resources, Inc. (NYSE: D) and Pepco Holdings, Inc. (NYSE: POM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1716-100free.
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FirstEnergy Corp. Analyst Notes
On April 21, 2014, FirstEnergy Corp. (FirstEnergy) reported that its subsidiary, FirstEnergy Nuclear Operating Company (FENOC), announced shut down at 12:01 a.m. on Saturday, April 19, 2014 at its Beaver Valley Power Station Unit 2 in Shippingport, Pennsylvania, for scheduled refueling and maintenance. The Company stated that during the shutdown one-third of the reactor's 157 fuel assemblies will be replaced and numerous safety inspections will be conducted, including inspections of the unit's reactor vessel head, turbine and electrical generator. The Company added that preventive maintenance will also be done on major components including pumps, valves and the cooling tower. According to the Company, 1,000 temporary contractors and FENOC and FirstEnergy employees will supplement the Beaver Valley workforce during the outage. FirstEnergy informed that the Beaver Valley Unit 2 will also undertake a number of projects in preparation for replacement of the unit's three steam generators and reactor head in 2017. The full analyst notes on FirstEnergy are available to download free of charge at:
http://www.analystsreview.com/1716-FE-29Apr2014.pdf
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Entergy Corporation Analyst Notes
On April 24, 2014, Entergy Corporation (Entergy) announced its Q1 2014 financial results with net income of $401.2 million or $2.24 per diluted share compared with $161.4 million or $0.90 per diluted share in Q1 2013. The Company's earnings on an operational basis stood at $410.1 million or $2.29 per share, compared with $167.7 million or $0.94 per share in Q1 2013. Entergy Chairman and CEO Leo Denault remarked, "The story for first quarter results was net revenue. The cold weather we experienced this past winter put stress on the power and gas systems, driving volatility and higher prices, and gave a glimpse of the longer term path these markets are on due to years of market design issues and regulatory intervention." For full-year 2014, Entergy anticipates operational earnings guidance to be in the range of $5.55 to $6.75 per share. The full analyst notes on Entergy are available to download free of charge at:
http://www.analystsreview.com/1716-ETR-29Apr2014.pdf
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Edison International Analyst Notes
On April 24, 2014, Edison International and its subsidiary, Southern California Edison, announced the election of Linda G. Stuntz to the Board of Directors of each Company, effective immediately. According to the Company, Stuntz is a founding partner of Washington, DC law firm Stuntz, David and Staffier, P.C., and has held a number of senior policy positions, including deputy secretary, at the U.S. Department of Energy. The Company stated that she also played a principal role in the development and enactment of the Energy Policy Act of 1992 and helped to develop and implement the Clean Air Act Amendments of 1990. Ted Craver, Chairman and CEO of Edison International remarked, "She has served on the boards of public companies in the energy and electric utility industries, and we look forward to her insights and counsel on a broad range of critical issues." The full analyst notes on Edison International are available to download free of charge at:
http://www.analystsreview.com/1716-EIX-29Apr2014.pdf
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Dominion Resources, Inc. Analyst Notes
On April 22, 2014, Dominion Resources, Inc. (Dominion) reported that its Virginia City Hybrid Energy Center (VCHEC) in Wise County has recycled nearly 1.1 million tons of waste coal, following through on a commitment to help clean environmental hot spots that dot the coalfields of Southwest Virginia. According to the Company, the Center made use of waste coal called "gob" -mostly rock and lower BTU coal - that mining operations discarded in the early to mid-1900s. The Company informed that in 2012, the station used about 484,000 tons of waste coal while in 2013; it used about 615,000 tons to generate electricity. David A. Christian, CEO for Dominion Generation said, "One of the benefits we saw in building the Virginia City Hybrid Energy Center was the abundance of low-cost waste coal that newer technologies would allow us to use as fuel." The full analyst notes on Dominion are available to download free of charge at:
http://www.analystsreview.com/1716-D-29Apr2014.pdf
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Pepco Holdings, Inc. Analyst Notes
On April 24, 2014, the Board of Directors of Pepco Holdings, Inc. (Pepco Holdings) declared a $0.27 per share dividend of the Company's common stock. The Company informed that Pepco Holdings' shareholders as of June 10, 2014 will receive the payments on June 30, 2014. The full analyst notes on Pepco Holdings are available to download free of charge at:
http://www.analystsreview.com/1716-POM-29Apr2014.pdf
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