Response Statement, Common Stock Offering, Investment Plan, Recognitions and Meter Installation Schedules - Analyst Notes on NextEra Energy, Laclede Group, DTE Energy, CMS Energy and American Water
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NEW YORK, June 10, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding NextEra Energy, Inc. (NYSE: NEE), Laclede Group Inc. (NYSE: LG), DTE Energy Co. (NYSE: DTE), CMS Energy Corp. (NYSE: CMS) and American Water Works Company, Inc. (NYSE: AWK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3539-100free.
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NextEra Energy, Inc. Analyst Notes
On June 2, 2014, NextEra Energy, Inc.'s (NextEra Energy) Chairman and CEO, Jim Robo issued a statement on the U.S. Environmental Protection Agency's proposed guidelines for the regulation of greenhouse gas emissions from existing power plants under section 111(d) of the Clean Air Act. Following is an excerpt from Jim Robo's statement - "As a clean energy leader, NextEra Energy appreciates the shared responsibility we have to reduce greenhouse gas emissions and protect the environment, while ensuring affordable, reliable energy for our customers. At NextEra Energy, we have positioned our business to manage the opportunities and risks presented by climate change issues, while simultaneously lowering emissions." The full analyst notes on NextEra Energy are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/NEE/report.pdf
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Laclede Group Inc. Analyst Notes
On June 3, 2014, The Laclede Group Inc. (Laclede Group) announced its plans to start a registered underwritten public offering of up to nine million shares of its common stock along with the commencement of a registered underwritten public offering of $125 million in equity units. Each equity unit will be issued in a stated amount of $50 and will consist of a contract to purchase common stock in the future and a 5%, undivided beneficial ownership interest in a remarketable junior subordinated note due 2022 having a principal amount of $1,000. Net proceeds from the offerings will be used to fund a portion of the cash consideration payable in connection with the pending acquisition of Alabama Gas Corporation. The full analyst notes on Laclede Group are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/LG/report.pdf
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DTE Energy Co. Analyst Notes
On June 4, 2014, DTE Energy Co. (DTE Energy) announced the schedule of the installation of nearly 300,000 advanced electric meters in communities in Macomb County in 2014. According to the Company after installing approximately 1.3 million advanced meters in Oakland, Wayne, Monroe and Washtenaw counties so far, it expects to offer the technology to more than 2 million DTE Energy customers by the end of 2014. Advanced meters will allow the Company to quickly locate and reduce the length of power outages and other problems, read utility meters remotely, and reduce operating costs to hold down future rate increases. DTE Energy informed that new meter installation will begin in late June 2014 in Eastpointe, Roseville and St. Clair Shores, and then move into Warren, Centerline, Fraser, Mount Clemens, Clinton Township, Shelby Township and Macomb Township. DTE Energy Executive Vice President of Major Enterprise Projects Ron May commented, "Our advanced metering program will provide our customers with new technology that is both safe and secure. This technology will allow us to provide energy usage information our customers want to better manage their bills." The full analyst notes on DTE Energy are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/DTE/report.pdf
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CMS Energy Corp. Analyst Notes
On June 5, 2014, CMS Energy Corp. reported that its subsidiary Consumers Energy will be investing over $150 million in 2014 to strengthen and expand of its natural gas system throughout Michigan. The Company informed that these investments are in addition to more than $68 million that Consumers Energy will spend to expand and enhance other areas of its statewide natural gas system. The gas system improvements will upgrade portions of the Company's 29,000 miles of distribution and transmission gas pipelines that serve 1.7 million natural gas customers in Michigan. The company's $82 million enhanced infrastructure program includes 59 projects to replace 88 miles of pipeline. Consumers Energy's Vice President of energy delivery, Mary Palkovich, commented, "This work is part of our ongoing plan to provide safe, reliable natural gas service in communities we serve. We are proud that these efforts involve putting more Michiganders to work. Consumers Energy has hired an additional 450 skilled employees over the past two years who are dedicated to a significant portion of this work." The full analyst notes on CMS Energy are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/CMS/report.pdf
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American Water Works Company, Inc. Analyst Notes
On June 4, 2014, American Water Works Company, Inc. (American Water) announced that it has received recognitions for its excellence in corporate responsibility in 2013. The Company has been selected to Corporate Responsibility (CR) Magazine's 100 Best Corporate Citizen's List, and to the NYSE Euronext Vigeo US-50 Index. "At American Water, we make it a priority to integrate corporate responsibility into our core business operations every day; so we are extremely proud to be recognized for our efforts," said Susan Story, President and CEO of American Water. The full analyst notes on American Water are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/AWK/report.pdf
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