Energy Efficiency Measures, Acquisitions and Redevelopment Projects Strengthen Operations - Research Report on Duke Energy, PPL, Con Edison, FirstEnergy, and TECO
NEW YORK, July 16, 2013 /PRNewswire/ --
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Today, Wall Street Reports announced new research reports highlighting Duke Energy Corp. (NYSE: DUK), PPL Corporation (NYSE: PPL), Consolidated Edison, Inc. (NYSE: ED), FirstEnergy Corp. (NYSE: FE) and TECO Energy, Inc. (NYSE: TE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Duke Energy Corp. Research Report
On July 11, 2013, Duke Energy Corp. (Duke Energy) announced that the Company is offering ways to increase the efficiency of HVAC (Heating, Ventilation, Air Conditioning) systems during the remaining warm-weather months. The Company recommended customers to use high-efficiency air conditioners, set the thermostat at the highest comfortable setting, clean or replace HVAC filters monthly, and keep coils on the exterior A/C unit free of dirt, grass clippings, and leaves. In addition, Duke Energy also recommended the use of oscillating fans to circulate air in rooms, close drapes, to avoid the use of unnecessary lights and to seal air leaks with caulking and weather stripping, and minimize door traffic to keep cool air inside. Duke Energy informed that it offers qualified customers rebates to help offset the cost of making many HVAC improvements. The Full Research Report on Duke Energy Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/dfb8_DUK]
PPL Corporation Research Report
On July 10, 2013, PPL Montana, a subsidiary of PPL Corporation (PPL) officially dedicated a new 60-megawatt powerhouse at its Rainbow Dam hydroelectric facility (Rainbow) near Great Falls. According to the Company, the redevelopment project, worth $245 million, replaces a century-old powerhouse and boosts Rainbow's generating capacity by 70%. Further, the redevelopment project included the replacement of 23 miles of 100-kilovolt power lines, substation upgrades at PPL Montana's five Great Falls hydroelectric plants, and the installation of a new Crooked Falls switchyard. The Company stated that these enhancements strengthen the reliability and efficiency of electrical systems that connect PPL Montana's Great Falls facilities to NorthWestern Energy's grid. The Full Research Report on PPL Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/8d75_PPL]
Consolidated Edison, Inc. Research Report
On July 7, 2013, Consolidated Edison, Inc. (Con Edison) announced that its overall electric use peaked at 11,241 megawatts (MW) at 6:00 p.m. on the date of the announcement, eclipsing the all-time Sunday record of 10,866 MW on August 14, 2005. Con Edison reported that its all-time peak record is 13,189 MW, which occurred on July 22, 2011 at 4:00 p.m. The Company urged customers to use energy wisely, and offered money-saving conservation tips, such as turning off air conditioners when not at home. Amongst other, the Company also recommended customers to keep air conditioner filters clean, and to set thermostats no lower than 78 degrees. The Full Research Report on Consolidated Edison, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/d47e_ED]
FirstEnergy Corp. Research Report
On July 9, 2013, FirstEnergy Corp. (FirstEnergy) announced that it expects to deactivate two coal-fired power plants located in Pennsylvania by October 9, 2013. FirstEnergy revealed that this decision was based on the cost of compliance with current and future environmental regulations in conjunction with the continued low market price for electricity. The plants that will be deactivated are Hatfield's Ferry Power Station in Masontown, Pennsylvania and Mitchell Power Station in Courtney, Pennsylvania, which have a combined capacity of 2,080 megawatts, representing c.10% of the Company's generating capacity, and about 30% of the estimated $925 cost to comply with the Environmental Protection Agency's Mercury and Air Toxic Standards (MATS). With the deactivation of these two plants, as well as the deactivation of nine plants announced in 2012, the Company claims that 100% of the power generated will come from resources that are non- or low-emitting, including nuclear, hydro, pumped storage hydro, natural gas, and scrubbed coal units. The Full Research Report on FirstEnergy Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/0655_FE]
TECO Energy, Inc. Research Report
On July 9, 2013, TECO Energy, Inc. (TECO) announced that it has filed an application with the New Mexico Public Regulation Commission (PRC) for the approval of its acquisition of New Mexico Gas Co. According to the Company, this application, which was filed jointly with New Mexico Gas Co. and its parent company Continental Energy Systems LLC, included more than 100 pages of testimony and exhibits. In May 2013, TECO had entered into a definitive stock purchase agreement with Continental Energy Systems to acquire New Mexico Gas Co. for a purchase price of $950 million, subject to customary closing adjustments. The Company expects a decision by the PRC regarding the acquisition by early 2014. The Full Research Report on TECO Energy, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/7353_TE]
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