Monthly Archives: December 2016
Page 9 of the 12/26/16 issue of Barron's (see here) discussed share buybacks in the third quarter in the S&P 500. The S&P 500 companies bought back $116B of stock during the period, which was a 28% drop below Q3 2015 according to Factset. It turns out that utilities were a minuscule cont
New Seeking Alpha article on Dynegy
Today Seeking Alpha posted a new article by me about the situation at Dynegy's Illinois Power Holdings subsidiary. Right now the compensation you receive for holding the bonds is greater than the market price. This appears to be a good opportunity. Take a look at the article here.
Utilities mentioned in Barron’s
Page 23 of the latest issue of Barron's had an interview with Shawn Driscoll, the portfolio manager of the T. Rowe Price New Era fund (PRNEX). (see it online here) While the article was primarily about the oil industry, three utilities were mentioned, Atmos Energy (ATO), Edison International (EI
Buffet and Musk and Renewables
There was an interesting article in the latest Fortune magazine discussing the renewables efforts of Warren Buffet's Berkshire Hathaway. (See here.) According to the article, Berkshire Hathaway has spent $17B on renewable energy since 2004, and the company is on track to spend $1B in 2016. One
Cold Weather and Electric Prices
It is cold in the Northeast this afternoon. (source :Intellicast) As you might expect, cold temperatures can have an impact on power prices. You can definitely see this in New England this afternoon. (Source ISO New England) For those of you not used to the units, the $135/MWh show
Michigan Nuke Closure
Last week Consumers Energy announced they would terminate a power purchase agreement with Entergy early. Entergy announced they would shut down the Palisades nuclear plant in 2018, the source of the electricity for this Consumers contract. There was an interesting article in the Midwest Energy N
The Federal Energy Regulatory Commission (FERC) published a new primer on electricity reliability today. At first glance it looks like there is a lot of good information discussing how the electricity system works and what is done to keep it operating properly. Check it out here.
Illinois Energy Bill
The big news last week in the utility universe was that Illinois passed an energy bill. (See here) Issues in Illinois have been in the news for quite a while, and I discussed some of these in my article on the entelligent website in July. At that time legislation was stalled and it looked like
December Quick Look Reports
The December Quick Look Reports are now available for download. The reports provide historical information and are a good place to start when researching a company.