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Recognitions, Company Announcements, Financial Results, Legal Actions and Plant Shutdowns - Research Report on AEP, Entergy, Edison, AES, and OGE Energy


News provided by

Investors' Reports

Sep 09, 2013, 08:00 ET

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NEW YORK, September 9, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Investors' Reports announced new research reports highlighting American Electric Power Company, Inc. (NYSE: AEP), Entergy Corporation (NYSE: ETR), Edison International (NYSE: EIX), The AES Corporation (NYSE: AES), and OGE Energy Corp. (NYSE: OGE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

American Electric Power Company, Inc. Research Report

On September 3, 2013, American Electric Power Company, Inc. (AEP) announced that it has been named as one of the most adoption-friendly workplaces by the Dave Thomas Foundation for Adoption, for the seventh consecutive year. According to AEP, since 2007, the Company has assisted its employees with 72 adoptions. The Company further stated that it reimburses employees up to $3,000 per child for eligible adoption-related expenses, and provides up to 40 hours of paid leave for new adoptive parents. Curt Cooper, Director of Employee Benefits at AEP said, "We recognize the value of offering family-friendly programs to our employees and understand the positive impact that adoption can have on our employees, the community, and most importantly, the lives of children," The Full Research Report on American Electric Power Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/AEP]

--

Entergy Corporation Research Report

On August 27, 2013, Entergy Corporation (Entergy) announced its intention to close and decommission its Vermont Yankee Nuclear Power Station in Vermon. The Company expects the station to cease power production after its current fuel cycle and move to safe shutdown in Q4 2014. Entergy also informed that the station will remain under the oversight of the Nuclear Regulatory Commission throughout the decommissioning process. Entergy noted that its decision to close the facility was driven by sustained low power prices, high cost structure, and wholesale market design flaws. Leo Denault, Entergy's Chairman and CEO, said, "This was an agonizing decision and an extremely tough call for us. Vermont Yankee has an immensely talented, dedicated and loyal workforce, and a solid base of support among many in the community. We recognize that closing the plant on this schedule was not the outcome they had hoped for, but we have reluctantly concluded that it is the appropriate action for us to take under the circumstances." The Full Research Report on Entergy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/ETR]

--

Edison International Research Report

On September 4, 2013, Edison International (Edison) announced that its largest subsidiary, Southern California Edison (SCE), opened the San Onofre Digital Document Library. The Company stated that the library has made public the key documents related to the design of the replacement steam generators, whose malfunction resulted in the shutdown of the San Onofre Nuclear Generating Station. Ron Litzinger, President of SCE said, "The San Onofre Digital Document Library will help the public, elected officials and regulators better understand the history of the replacement steam generators that led to San Onofre's closure, It is vitally important that we all achieve a full understanding of the facts so that future decisions by regulators and legislators are based on transparency and the highest quality information." The Full Research Report on Edison International - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/EIX]

--

The AES Corporation Research Report

On August 8, 2013, The AES Corporation (AES) reported its Q2 2013 financial results. The Company's revenues totaled at $4.1 billion, representing a decline of 0.5% YoY during the quarter. AES posted net income attributable to the Company of $167 million, or $0.22 per diluted share, in Q2 2013, compared with $140 million, or $0.18 per diluted share, in Q2 2012. Adjusted EPS stood at $0.32 against $0.18 in Q2 2012. According to the Company, Q2 2013 results were driven by a lower effective tax rate, the addition of new capacity, cost reductions, and capital allocation decisions, partially offset by the unfavorable impact of dry hydrological conditions in Latin America. AES anticipates full-year 2013 adjusted EPS to be in the range of $1.24 to $1.32. The Full Research Report on The AES Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/AES]

--

OGE Energy Corp. Research Report

On September 3, 2013, OGE Energy Corp. (OGE Energy) announced in a petition filed at US 10th Circuit Court of Appeals that its subsidiary Oklahoma Gas and Electric (OG&E) has joined Oklahoma Attorney General Scott Pruitt in requesting a rehearing before the full 10-judge panel to determine if the Environmental Protection Agency (EPA) acted appropriately in rejecting the state's intension to address visibility at national parks and wildlife areas. The Company informed that in July 2013, it was ruled that the EPA lawfully exercised its authority to impose a federally mandated plan on the state and if upheld, the ruling is expected to result in large rate increases for electric consumers in Oklahoma. Brian Alford, Spokesman of OG&E said, "AG Pruitt has been very instrumental in leading the fight on behalf of Oklahoma's ratepayers, He has made it clear in both his oral argument before the court and in court documents that the EPA has over-reached its authority and is forcing OG&E's customers to bear the burden of more than $1 billion in unnecessary bill increases." The Full Research Report on OGE Energy Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/OGE]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by an analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. 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.
  4. 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].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. 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 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.

InvestorsReports.com

SOURCE Investors' Reports

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