Adjusted Rates Proposed and Life Extension Projects Commenced to Promote Cost-Effectiveness - Research Report on DTE Energy, SCANA, Alliant Energy, FuelCell Energy, and Hawaiian Electric Industries
NEW YORK, June 11, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting DTE Energy Company (NYSE: DTE), SCANA Corporation (NYSE: SCG), Alliant Energy Corporation (NYSE: LNT), FuelCell Energy, Inc. (NASDAQ: FCEL), and Hawaiian Electric Industries, Inc. (NYSE: HE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
DTE Energy Company Research Report
On June 4, 2013, DTE Energy Company (DTE Energy) filed an amended renewable energy plan with the Michigan Public Service Commission (MPSC) that proposes to lower the monthly surcharge paid by residential customers to $0.43 from the current $3. The Company's energy plan focuses on an overall reduction of all customer electric rates of nearly $90 million per year. Further, the amended plan continues to achieve full Renewable Portfolio Standard compliance each year through 2029, although the projected number of megawatts (MW) needed to achieve compliance has been reduced to 950 from 1,000. DTE Energy reported that it has reached 92% of its 950-MW goal with either operating projects or those under contract. The Full Research Report on DTE Energy Company - 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/22de_DTE]
--
SCANA Corporation Research Report
On May 30, 2013, SCANA Corporation's (SCANA) principal subsidiary, South Carolina Electric & Gas Company (SCE&G), filed with the Public Service Commission (PSC) of South Carolina and the South Carolina Office of Regulatory Staff for an overall 3% increase to its approved electric rates under provisions of a state law known as the Base Load Review Act (BLRA). The BLRA effectively reduces the cost of building nuclear power plants in South Carolina by allowing the state's regulated utilities to adjust rates annually during construction of such plants to recover related financing costs. SCE&G and state-owned utility Santee Cooper are building two nuclear electric-generating units at the site of the V.C. Summer Nuclear Station. The Company states that paying financing costs while construction is ongoing, as opposed to waiting until the project has been completed, lowers the cost of building the new units by about $1 billion, which in turn saves its customers approximately $4 billion in electric rates over the life of the new units. If the filing is approved by PSC, SCE&G's approved electric rates would increase in October 2013. The Full Research Report on SCANA 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/3cb4_SCG]
--
Alliant Energy Corporation Research Report
On June 6, 2013, Alliant Energy Corporation (Alliant Energy) began working on a Power Iowa project to enhance safety and increase service for residents in Bennett and its surrounding areas. The Company stated that the life extension project started in April 2013 and will last through July 2013. Crews will be replacing approximately 35 power poles and working on nearly 10 miles of power line in and south of Bennett. The project represents an investment of $265,000 to Alliant Energy's customers in the area. The life extension process will add more than 20 years of life to the circuit. "In the areas where crews have completed life extension projects, the improvements have reduced the duration and frequency of outages by nearly 50 percent," said Dee Brown, Director of Energy Delivery Operations Support at Alliant Energy. The Company's 2013 Power Iowa Plan includes approximately $94 million of planned investments in 2013 in upgrading overhead and underground electric lines, electric substations, and natural gas infrastructure. The Full Research Report on Alliant Energy 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/fc86_LNT]
--
FuelCell Energy, Inc. Research Report
On June 5, 2013, FuelCell Energy, Inc. (FuelCell Energy) reported financial results for Q2 FY 2013 (period ended April 30, 2013). The Company reported total revenues of $42.4 million, an increase of 75.2% YoY, while product sales totaled $34.4 million, representing an 84% YoY increase. The increase reflects higher fuel cell kit sales combined with revenue from the Bridgeport fuel cell park project of approximately $8.9 million. The Company also provided key business highlights, including an update on the Bridgeport fuel cell park project, in which the Company reported completing 90% of the inter-connection work to connect the fuel cell park to the electric grid via three substations. The Company expects the fuel cell park to deliver full power by the end of 2013. The Full Research Report on FuelCell 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/16c8_FCEL]
--
Hawaiian Electric Industries, Inc. Research Report
On June 4, 2013, Hawaiian Electric Industries, Inc. (HEI) announced that as a result of the Maui Electric Company, Limited (MECO) 2012 test year final rate case decision and order (D&O) issued by the Public Utilities Commission of the State of Hawaii (PUC) on May 31, 2013, the Company has lowered its full-year 2013 GAAP EPS to a range of $1.52 to $1.62, from its previous range of $1.58 to $1.68. The corresponding revision to the GAAP EPS guidance for Hawaiian Electric Company, Inc. (HECO) and its subsidiaries has been reduced from the previous range of $1.23 to $1.29, to revised range of $1.17 to $1.23. The revised guidance assumes $7.8 million lower MECO annual revenues in accordance with the MECO final D&O. The Full Research Report on Hawaiian Electric Industries, 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/678c_HE]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquires, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Wall Street Reports
Share this article