Utilities Announce Investments in Technology Upgrades, Hike in Natural Gas Prices, and Support for Cleaner Energy - Analyst Notes on Con Edison, Entergy, PPL, NRG Yield and Calpine

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• USA - English

NEW YORK, June 10, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Consolidated Edison, Inc. (NYSE: ED), Entergy Corporation (NYSE: ETR), PPL Corporation (NYSE: PPL), NRG Yield Inc. (NYSE: NYLD) and Calpine Corporation (NYSE: CPN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3530-100free.
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Consolidated Edison, Inc. Analyst Notes
On June 3, 2014, Consolidated Edison, Inc. (Con Edison) announced a $1.3 billion investment for the upgrading of its electric delivery system for New York City and Westchester County for summer 2014. Craig Ivey, President of Con Edison, remarked, "We want our customers to enjoy the summer by using energy wisely, and our electric delivery system investments will provide the service reliability our customers demand and deserve for the hot days ahead." The Company also announced that it is now in the second year of a four-year, $1.0 billion fortification program to protect New Yorkers from the next major storm. The Company informed that since 2005, it has invested a minimum of $1 billion each year to prepare for summer. The full analyst notes on Con Edison are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/ED/report.pdf

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Entergy Corporation Analyst Notes
On June 3, 2014, Entergy Corporation (Entergy) announced a temporary rate increase of about 5% in mid-2014 due to rising natural gas prices. The Company stated that the typical residential customers using 1,000 kWh will pay $113.65 beginning with July bills - $5.57 more compared to what they used to pay at the start of 2014. This amount also includes a small increase related to Ad Valorem taxes of $0.25. Haley Fisackerly, Entergy Mississippi President and CEO, remarked, "The unusually cold winter and high usage led to a sharp increase in natural gas prices, which is a significant driver of our under recovery. Right now, we have incurred more than $60 million in fuel costs that have not been collected through current rates." The full analyst notes on Entergy are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/ETR/report.pdf

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PPL Corporation Analyst Notes
On June 4, 2014, PPL Corporation (PPL) announced that by a unanimous decision made on June 2, 2014, the U.S. Court of Appeals for the Fourth Circuit ruled that the Maryland Public Service Commission overstepped its bounds in an order subsidizing development of new natural-gas-fired generation in the state. According to the Company, it was found that the Commission infringed on the Federal Energy Regulatory Commission's (FERC) exclusive authority to regulate the wholesale sale of electricity in interstate commerce by "circumventing and displacing federal rules" - affirming a U.S. District Court ruling in October invalidating the PSC order. The full analyst notes on PPL are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/PPL/report.pdf

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NRG Yield Inc. Analyst Notes
On June 4, 2014, NRG Yield Inc. (NRG Yield) announced its intention to acquire the 947 MW Alta Wind facility in Tehachapi, CA from Terra-Gen Power LLC for $870 million, plus the assumption of $1.6 billion of non-recourse project financings and subject to customary working capital adjustments. The acquisition also includes a portfolio of land leases associated with the Alta Wind facility. David Crane, NRG Yield's Chairman and CEO, commented, "The acquisition of the largest wind facility on the North American continent highlights not only our commitment to carbon-free generation, but also the strength of our acquisition capabilities to compete for contracted assets of world-class quality in the competitive marketplace." The Company plans to fund the purchase via a combination of newly issued debt, common equity and cash on hand. The transaction is expected to increase NRG Yield's annual run-rate EBITDA by approximately $220 million and Cash Available for Distribution by approximately $70 million by 2016. The full analyst notes on NRG Yield are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/NYLD/report.pdf

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Calpine Corporation Analyst Notes
On June 2, 2014, Calpine Corporation (Calpine) announced that it is supporting the U.S. Environmental Protection Agency's (EPA) proposed Clean Power Plan - to reduce GHG emissions from power plants that encourage flexible, market-based and technology-neutral solutions to meet the standard. Thad Hill, CEO of Calpine, remarked, "Calpine supports the EPA's proposal because we believe it will ensure continued progress toward cleaner energy in a way that supports ongoing grid reliability while allowing market forces to work to deliver the lowest-cost solution for reducing GHG emissions. With our modern, flexible, efficient fleet, Calpine is ready to meet this challenge head on." The Company's fleet consists mainly of natural gas-fired, combined-cycle generation units, and is well poised to help achieve the EPA's innovative proposal. The full analyst notes on Calpine are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/CPN/report.pdf

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