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ChargeScape and PSEG Long Island Partner to Enroll BMW and Ford Electric Vehicles in First-Ever Grid Reliability Program Participation
GlobeNewswire News Room· 2025-07-22 11:00
"Enabling our customers to enjoy the benefits from utilities' electric vehicle charging programs is part of the core value of EV adoption and ownership," said Dave McCreadie, Director, EV Grid Integration and Energy Services, Ford Motor Company. "Ford believes that ChargeScape will provide utilities like PSEG the best tool to help them manage their grid as EV adoption accelerates." "The Peak Load Reduction program is an excellent example of collaboration among automakers and power utilities to help keep the ...
NextEra Energy Digital Transformation Analysis Report 2025 | Accelerators, Incubators, and other Innovation Programs
GlobeNewswire News Room· 2025-07-22 08:06
Company Overview - NextEra Energy, Inc. operates in the electric power and energy infrastructure sector in the US and Canada, with its main businesses being NEER and Florida Power & Light Company (FPL) [2][3] - NEER focuses on developing, constructing, and operating long-term contracted assets, including renewable power generation and electric transmission facilities [2] - FPL is engaged in the generation, transmission, distribution, and sale of electric energy in Florida [2] Operational Capacity - As of December 31, 2024, NextEra Energy had approximately 72 gigawatts of net generation and storage capacity from various sources, including wind, natural gas, solar, nuclear, and battery storage facilities [3] Technology and Innovation - The report highlights NextEra's digital transformation strategies, innovation programs, and technology initiatives, including partnerships, product launches, and investments [4][6] - Insights into NextEra's technology operations and strategies are provided, focusing on technology themes, objectives, and benefits [6] - The company has a venture arm, NextEra Energy Investments, which is involved in various technology initiatives and partnerships [6] Financial Insights - The report includes details on estimated ICT budgets and contracts related to NextEra's technology initiatives [6] - Key executives and a network map of partnerships and investments are also covered [6]
NextEra Energy Capital Holdings announces dates for remarketing of its Series M Debentures due Sept. 1, 2027
Prnewswire· 2025-07-21 20:15
JUNO BEACH, Fla., July 21, 2025 /PRNewswire/ -- NextEra Energy Capital Holdings, Inc. today announced that it will conduct a remarketing of its Series M Debentures due Sept. 1, 2027 (the "Debentures") (CUSIP No. 65339KCL2), which are currently outstanding in the aggregate principal amount of $2.0 billion, on July 29, 2025, (and, if necessary, on the following two business days). The Debentures were originally issued as part of NextEra Energy, Inc.'s Corporate Units (CUSIP No. 65339F713) on Sept. 19, 2022 (t ...
Southern Company elects Regions Financial Corp. chairman, president & CEO John Turner to Board of Directors
Prnewswire· 2025-07-21 20:05
Core Insights - Southern Company has elected John M. Turner, Jr. as an independent director, effective September 1, 2025 [1] - Turner's extensive experience in the financial services industry and his customer-centric approach align with Southern Company's core values [2] Company Overview - Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond, with a mission to provide clean, safe, reliable, and affordable energy [6] - The company operates electric and natural gas distribution companies in multiple states and is committed to achieving net-zero greenhouse gas emissions by 2050 [6] Leadership Background - John M. Turner, Jr. is currently the chairman, president, and CEO of Regions Financial Corporation, which has $159 billion in assets [2] - Turner has over four decades of experience in the financial services sector, having held various leadership positions at Regions and Whitney National Bank [3][4] Community Engagement - Turner is actively involved in various boards and foundations, including the University of Georgia Foundation and the Economic Development Partnership of Alabama [5] - His leadership roles in community organizations reflect a commitment to fostering community engagement and economic development [5]
PSEG Declares Regular Quarterly Dividend for the Third Quarter of 2025
Prnewswire· 2025-07-21 19:15
Core Points - Public Service Enterprise Group (PSEG) declared a dividend of $0.63 per share for the third quarter of 2025, payable on or before September 30, 2025, to shareholders of record on September 9, 2025 [1] Company Overview - PSEG is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers [2] - The company owns a fleet of 3,758 MW of carbon-free, baseload nuclear power generating units located in New Jersey and Pennsylvania [2] - PSEG aims to create a future with less energy consumption that is cleaner, safer, and more reliable, guided by its "Powering Progress" vision [2] - PSEG is a member of the S&P 500 Index and has been included in the Dow Jones Sustainability North America Index for 17 consecutive years [2]
X @Bloomberg
Bloomberg· 2025-07-21 19:08
Germany wants to take a study on its future energy needs into consideration before making a final decision on a potential investment in TenneT, its largest power grid operator https://t.co/3zx4fezSBp ...
Can PPL's Clean Energy Strategy Drive Growth & Grid Resilience?
ZACKS· 2025-07-21 13:31
Key Takeaways PPL is gaining from renewable energy efforts, improving grid reliability and customer satisfaction. PPL is expanding in states like Rhode Island to align with clean energy goals and smart grid strategies. PPL trades at a premium with a forward P/E of 18.93X compared with the industry average of 14.77X.PPL Corporation (PPL) is benefiting from its focus on renewable energy through increased grid reliability, access to new markets and enhanced customer satisfaction. PPL is expanding its presenc ...
10 Magnificent S&P 500 Dividend Stocks Down Over 10% to Buy and Hold Forever
The Motley Fool· 2025-07-20 09:01
Core Viewpoint - The article highlights S&P 500 dividend stocks that have experienced significant price declines, presenting them as attractive buying opportunities for long-term investors due to their strong fundamentals and consistent dividend growth. Group 1: Overview of Dividend Stocks - Dividend stocks are powerful wealth compounders, with the S&P 500 index showing over 300% growth in the past 25 years, and total returns exceeding 550% when including reinvested dividends [1] - The article identifies 10 S&P 500 dividend stocks that are currently trading at least 10% below their all-time highs, suggesting they are good buys for long-term holding [2] Group 2: Individual Stock Analysis - **Johnson & Johnson**: Down 11.5%, yield 3.4%, generated $95 billion in free cash flow over five years, returning 60% to shareholders, and has increased dividends for 62 consecutive years [4] - **ExxonMobil**: Down 11.6%, yield 3.7%, generated $55 billion in cash flow from operations in 2024, with a 42-year streak of dividend increases, and focusing on boosting cash flows post-acquisition of Pioneer Natural Resources [5] - **Procter & Gamble**: Down 14%, yield 2.7%, restructuring operations to target mid- to high-single-digit core earnings per share growth, and has increased dividends for 69 consecutive years [6][7] - **NextEra Energy**: Down 19%, yield 3.3%, operates the largest electric utility in America and is the largest producer of wind and solar energy, with over 20 years of dividend increases [8] - **Chevron**: Down 19%, yield 4.8%, has increased dividends for 38 consecutive years, and recently acquired Hess in a $53 billion deal [10] - **American Water Works**: Down 24%, yield 2.4%, serves over 14 million customers, targeting 7% to 9% annual dividend growth [11][13] - **Realty Income**: Down 29%, yield 5.6%, pays monthly dividends and has increased them for 110 consecutive quarters, owning over 15,000 properties [14] - **Oneok**: Down 29%, yield 5%, has a network of pipelines spanning 60,000 miles, targeting 3% to 4% annual dividend growth [15] - **Nucor**: Down 30%, yield 1.7%, America's largest steel company, has increased dividends for 52 straight years, and aims to return at least 40% of earnings to shareholders [16] - **Medtronic**: Down 33%, yield 3.3%, world's largest medical device manufacturer with $33.5 billion in revenue, plans to divest its diabetes business, and is close to becoming a Dividend King [18]
Rosen Law Firm Encourages National Grid plc Investors to Inquire About Securities Class Action Investigation - NGG
Prnewswire· 2025-07-18 19:55
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of National Grid plc due to allegations of materially misleading business information issued by the company [1] Group 1: Investigation and Allegations - The investigation is prompted by a report indicating that failures in the UK power grid, specifically by National Grid, led to a fire at Heathrow Airport in March 2025, which stranded thousands of passengers [3] - The UK Energy Minister described the findings as "deeply concerning," noting that the issues causing the fire had been identified seven years prior but were not addressed by National Grid [3] Group 2: Market Reaction - Following the publication of the report on July 2, 2025, the price of National Grid American Depositary Shares (ADSs) fell by 5% [3] Group 3: Class Action Details - Investors who purchased National Grid securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2] Group 4: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4] - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of National Grid plc - NGG
GlobeNewswire News Room· 2025-07-18 16:00
Core Insights - National Grid plc is under investigation for potential securities fraud and unlawful business practices following a fire incident at Heathrow Airport [1][3] - The fire was attributed to a known fault at an electrical substation owned by National Grid, which the company had been aware of since 2018 but failed to address [3] - Following the news of the investigation and the fire, National Grid's American Depositary Receipt (ADR) price dropped by $3.77, or 5.07%, closing at $70.61 on July 2, 2025 [4] Investigation Details - Pomerantz LLP is leading the investigation on behalf of investors, focusing on the actions of National Grid and its officers/directors [1] - The investigation is prompted by allegations of securities fraud related to the company's failure to rectify known issues with its infrastructure [1][3] Legal Context - The National Energy System Operator (NESO) published a report detailing the findings of the fire investigation, which may lead to legal action from Heathrow Airport against National Grid [3] - Pomerantz LLP has a long history in corporate and securities class litigation, emphasizing its commitment to fighting for victims of corporate misconduct [5]