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Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers
Prnewswire· 2025-06-12 21:35
Core Viewpoint - Duke Energy Progress has requested a public review of its current rates from South Carolina regulators, seeking a revenue increase of $74.8 million, which equates to a 12.1% rise over existing revenues [2][4]. Rate Increase Details - If approved, typical residential customers using 1,000 kilowatt-hours per month will see their monthly electric bills rise by $21.66, from $144.85 to $166.51, effective February 1, 2026 [2]. - Commercial customers are expected to experience an average increase of 12.8%, while industrial customers will see an average increase of around 3.6% [2]. Company Background - Duke Energy Progress, a subsidiary of Duke Energy, operates with 13,800 megawatts of energy capacity, serving 1.8 million customers across a 28,000-square-mile area in North and South Carolina [5]. - Duke Energy, a Fortune 150 company, serves 8.6 million customers across multiple states and owns a total of 55,100 megawatts of energy capacity [6]. Recent Investments and Improvements - The company has made significant investments to strengthen the grid, improve storm readiness, and enhance customer service, which have contributed to reduced outages [7][9]. - The last regulatory review of rates occurred in 2022, and this request reflects ongoing efforts to meet future energy demands and improve operational excellence [7][8]. Technological Advancements - Smart, self-healing technology has been implemented, which helped restore over 10,000 customer outages during Hurricane Helene, saving more than 28,000 hours of total outage time [8]. Commitment to Energy Transition - Duke Energy is focused on an ambitious energy transition, investing in electric grid upgrades and cleaner energy sources, including natural gas, nuclear, renewables, and energy storage [9].
WEC Energy Rides on Strategic Investments & Focus on Clean Energy
ZACKS· 2025-06-12 13:20
Core Insights - WEC Energy Group's strategic investments enhance infrastructure and cater to rising customer demand, with a strong emphasis on clean energy driving performance [1] - The company faces competitive risks in the electric and natural gas markets, impacting its ability to retain customers [5] Factors Acting in Favor of WEC - WEC Energy is experiencing increased demand from both commercial and industrial (C&I) customers, which constitutes over 60% of its electricity sales, positively influencing performance [2] - The company anticipates a 4.5-5% increase in weather-normalized electric sales and a 0.7-1% growth in gas sales in Wisconsin from 2027 to 2029 [3] Investment Plans - WEC Energy plans to invest $28 billion from 2025 to 2029, with $9.1 billion allocated to regulated renewable projects, aiming to enhance its renewable portfolio [4][7] - The company intends to develop nearly 4.4 gigawatts (GW) of renewable energy, including 2.9 GW of solar, 565 megawatts (MW) of battery storage, and 900 MW of wind generation [4] Challenges Faced by WEC - Increased competition from retail choice and alternative electric suppliers poses a challenge to WEC Energy's customer retention [5] - The company's operations are subject to extensive governmental regulations, which may impact cost recovery from utility customers [5] Stock Performance - Over the past six months, WEC Energy's stock has increased by 10.1%, outperforming the industry average growth of 5.4% [6]
Black Hills Corp. Receives Approval For 99 MW Dispatchable Generation Resource in South Dakota
Globenewswire· 2025-06-11 12:45
RAPID CITY, S.D., June 11, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its South Dakota electric utility subsidiary serving South Dakota and eastern Wyoming has received approval from the Wyoming Public Service Commission for a certificate of public convenience and necessity (CPCN) that supports the need for its Lange II Project, a 99 MW dispatchable generation resource in Rapid City, South Dakota. The approval allows commencement of construction of the project, which address ...
Here's Why WEC Energy Group (WEC) is a Strong Growth Stock
ZACKS· 2025-06-10 14:50
Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - The service also includes Zacks Style Scores, which are designed to help investors identify stocks with the best potential to outperform the market in the short term [2] Group 2: Zacks Style Scores - Zacks Style Scores categorize stocks based on value, growth, and momentum characteristics, assigning ratings from A to F, where A indicates the highest potential for outperformance [3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E, PEG, and Price/Sales [3] - The Growth Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [4] - The Momentum Score evaluates stocks based on price trends and earnings estimate changes, helping investors identify optimal buying opportunities [5] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking attractive value, growth, and momentum [6] Group 3: Zacks Rank and Performance - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for the highest probability of success [10] Group 4: Stock Example - WEC Energy Group - WEC Energy Group is a diversified holding company involved in electricity generation and distribution in Wisconsin and Michigan [12] - Currently rated 3 (Hold) with a VGM Score of B, WEC is considered a potential growth investment with an expected year-over-year earnings growth of 8.5% for the current fiscal year [12][13] - Recent upward revisions in earnings estimates and a solid average earnings surprise of 6.2% further support WEC's position as a noteworthy investment option [13]
Southern Company's Georgia Power Prepares for a Storm-Heavy 2025
ZACKS· 2025-06-09 13:06
Key Takeaways Georgia Power ramps up smart grid tech and upgrades to prep for a storm-heavy 2025 season. Self-healing grid tech helped restore power faster in 2024 during record-breaking Hurricane Helene. Georgia Power promotes outage alerts, maps and safety tools to help customers stay storm-ready.The Southern Company’s (SO) subsidiary, Georgia Power, is doubling down on efforts to maintain safe and reliable electricity service ahead of the 2025 Atlantic Hurricane Season amid the National Oceanic and Atm ...
FirstEnergy Announces Proposed Offering of $950 Million of Convertible Senior Notes Due 2029 and $850 Million of Convertible Senior Notes Due 2031
Prnewswire· 2025-06-09 10:30
AKRON, Ohio, June 9, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) ("FirstEnergy") announced today that it intends to offer, subject to market and other conditions, $950 million aggregate principal amount of convertible senior notes due 2029 (such series, the "2029 Notes") and $850 million aggregate principal amount of convertible senior notes due 2031 (such series, the "2031 Notes" and, together with the 2029 Notes, the "Notes") in a private placement under the Securities Act of 1933, as amended (the " ...
NextEra Energy: Built for Long-Term Growth?
The Motley Fool· 2025-06-07 12:45
Core Viewpoint - NextEra Energy is positioned as a reliable investment opportunity due to its strong performance, commitment to shareholder returns, and conservative business model [2][12]. Business Overview - NextEra Energy is one of the largest regulated electric utilities in North America, primarily generating revenue from Florida Power and Light (FPL) and NextEra Energy Resources, serving over six million customers [4][5]. - The company operates a diversified portfolio of clean energy assets totaling approximately 38 gigawatts (GW), including solar, wind, and nuclear power [6]. Financial Performance - NextEra Energy has maintained an average EBITDA margin of 51.8% from 2020 to 2024, outperforming peers like Southern Company and Duke Energy [8]. - The company has averaged a payout ratio of 81% over the past five years and has increased its dividend for over 30 consecutive years [12]. Growth Strategies - NextEra Energy plans to petition the Florida Public Service Commission for rate increases, proposing base rate hikes of about $1.6 billion and $0.9 billion for 2026 and 2027, respectively [13]. - The company has a backlog of renewable energy projects totaling 28 GW and a pipeline of 300 GW, with recent additions of 1.4 GW of wind, 2.5 GW of solar, and 0.8 GW of battery storage capacity [14]. - Acquisitions have been a growth strategy, including the 2019 acquisition of Gulf Power for approximately $4.4 billion and the 2021 acquisition of GridLiance for $502 million [15]. Investment Consideration - With the stock trading at 11.4 times operating cash flow, below its five-year average of 14.9, it is suggested that now may be an opportune time to invest in NextEra Energy [16].
Edf: Appointment of Nathalie Pivet as Group Executive Director in charge of the Performance, Impact, Investment and Finance Division on an interim basis
Globenewswire· 2025-06-06 16:09
Group 1: Leadership Changes - Nathalie Pivet has been appointed as Group Executive Director in charge of the Performance, Impact, Investment and Finance Division on an interim basis, effective July 1, 2025 [1] - Xavier Girre, the former CEO of EDF, played a significant role in the company's financial management and sustainable finance initiatives over the past 10 years [2] Group 2: Nathalie Pivet's Background - Nathalie Pivet, aged 58, is a graduate of the École Supérieure de Commerce de Paris and has extensive experience in financial roles across various companies, including Veolia and Alstom [2] - Pivet has been with EDF since November 2016, serving in various capacities, including Director of Reporting, Planning, and Finance IT Systems, and Head of the Group's Performance, Trajectory and Reporting Division since September 2019 [2] Group 3: EDF Group Overview - EDF is a key player in the energy transition, involved in power generation, distribution, trading, energy sales, and services, with a focus on low-carbon energy [3] - The company generated 520 TWh of energy in 2024, with 94% being decarbonized, and has a carbon intensity of 30 gCO2/kWh [3] - EDF serves approximately 41.5 million customers and reported consolidated sales of €118.7 billion in 2024 [3]
Georgia Power prepared for 2025 Hurricane Season
Prnewswire· 2025-06-06 13:30
Company encourages customers to take time to prepare for above-average Atlantic Hurricane season;Hurricane Helene response underscores importance of preparation and readiness ATLANTA, June 6, 2025 /PRNewswire/ -- With June 1 marking the official start of the 2025 Atlantic Hurricane Season, and the National Oceanic and Atmospheric Administration (NOAA) predicting an above-average season (read more), Georgia Power is committed to safely and reliably serving all customers, and prepared to respond to any hurric ...
陕西分时电价政策征求意见!午间谷电4h,高峰低谷电价在平段基础上下浮70%
文 | 中关村储能产业技术联盟 联系电话及传真:029-63913621 陕西省发展和改革委员会 2025年6月5日 附件 关于调整分时电价政策有关事项的通知(征求意见稿) 各设区市发展改革委 、 杨凌示范区发展改革局,国网陕西省电力有限公司,陕西电力交易中心,各增量配电网: 关于再次公开征求《关于调整分时电价政策有关事项的通知(征求意见稿)》意见的公告 为充分发挥分时电价信号作用,引导用户削峰填谷、促进新能源消纳及支持储能产业发展,服务新型电力系统建设和保障电力安全稳定供应,根 据《国家发展改革委关于进一步完善分时电价机制的通知》(发改价格〔2021〕1093号)精神,结合我省实际,在前期征求意见的基础上,我 们进一步修改完善了《关于调整分时电价政策有关事项的通知(征求意见稿)》,即日起再次向社会公开征求意见,欢迎社会各界人士积极建言 献策,提出宝贵意见。 公开征求意见时间截止到2025年6月12日,意见建议电子版请反馈至邮箱fgwjgc@shaanxi.gov.cn。 为充分发挥 分时 电价 信号 作用, 引导用户削峰填谷、促进新能源消纳及 支持储能产业发展, 服务新型电力系统建设 和 保障电力安全稳定 ...