Electric utilities
The Utilities sector is experiencing a tough day amidst market fluctuations, with the S&P 500 sector index down 0.3% as of 12:55 PM ET on Wednesday, September 2, 2015. Within the Utilities sector, several companies are experiencing declines, including Energy Company of Parana (ELP), Suburban Propane
Social services
The Public Service Commission of Wisconsin (PSC) has issued a document soliciting public comments on Northern States Power Company-Wisconsin's application to adjust its electric and natural gas rates. The comment period, which opened on June 1, 2015, and closed on October 29, 2015, allowed consumers to submit written
Social services
Residents of Wisconsin have been vocal about their opposition to rate hikes by utilities, with many citing concerns about affordability and fairness. A recent public comment filed with the Public Service Commission of Wisconsin highlights the growing discontent among citizens, particularly with Xcel Energy. The commenter, Terry Valentine, expresses frustration
Electric utilities
The New York State Department of Public Service has announced the filing of the Residential Agricultural Discount Statements by Rochester Gas and Electric Corporation and New York State Electric & Gas Corporation. The filing is in compliance with the Public Service Commission's Order, issued on March 27, 2014,
Electric utilities
PG&E Corporation's Chairman, CEO, and President Robert D. Glynn, Jr. announced the appointment of P. Chrisman "Chris" Iribe as President and Chief Operating Officer of U.S. Generating Company (USGen), the Corporation's power generation subsidiary. This appointment comes after the October 3rd
Electric utilities
CMS Energy Corporation and Pennaco Energy have signed a definitive agreement to form a joint venture to develop and produce coal bed methane in northeastern Wyoming and southeastern Montana. The joint venture will involve virtually all of Pennaco's 492,000 net acre leasehold position, with CMS Energy acquiring
Electric utilities
Standard & Poor's has placed the credit ratings of ACTEW Corp. Ltd. on CreditWatch with negative implications following the Australian Capital Territory government's decision to seek approval for the sale of its electricity business and the combined sale and franchise of its water and sewerage businesses.
Electric utilities
MidAmerican Services, an affiliate of MidAmerican Energy Company, has entered into a Preferred Partnership alliance with Comfort Systems USA, Inc. to deliver comprehensive energy services to commercial and industrial customers in Iowa. Under the agreement, ACI Mechanical, a Comfort Systems company, and MidAmerican Services will offer a range of Heating,
Electric utilities
MarketSpan Corporation, a leading energy company, has announced its partnership with Duke Energy Corporation and The Williams Companies to develop the Cross Bay pipeline, a new gas transportation project that will supply gas to New York City and Long Island. The joint venture aims to transport an additional 125 million
Electric utilities
CMS Energy Corporation has reached an agreement to acquire Continental Natural Gas, Inc. (CNGL) for an approximate total value of $155 million. The acquisition is subject to ratification by the holders of a majority of CNGL's stock, with the majority shareholders announcing their intentions to vote in favor
Electric utilities
Bay State Gas Company, a leading natural gas distributor in New England, announced that its shareholders have overwhelmingly approved the company's merger with NIPSCO Industries, Inc. of Indiana. The merger marks a significant step towards creating the 10th largest natural gas distribution company in the United States, with
Electric utilities
Texas Utilities Company, a major energy conglomerate, has announced a tender offer for Energy Group PLC shares as part of its acquisition strategy. The offer, made public on May 27, 1998, seeks to acquire control of Energy Group PLC's shares. As of May 19, 1998, valid acceptances had
