Shoreline's Utility-Stock.com

Merger & Acquisition Talk ... Buying and Selling

In the last few days two rather large M&A announcements were made.  But not for mergers of companies.  Instead one company (Constellation Energy-CEG) announced an effort to buy a large power plant, and another (Duke Energy-DUK) announced its plan to sell a large fleet of power plants.

Duke Energy-Cinergy Webcast of Analyst Meeting on 9/15/05

Duke Energy and Cinergy are holding an analyst meeting in North Carolina on Thursday, September 15th.  The purpose of the meeting is to update the investment community on the status and outlook for the 2 companies' pending merger.

Electric utility stocks ranked by yield -- 6/6/05

The list below sorts the electric utilities tracked here by dividend yield as of Tuesday, June 6th, 2005.  The list is sorted from highest yield to lowest yield. This will be updated periodically.

Electric utility stocks ranked by yield -- 5/31/05

The list below sorts the electric utilities tracked here by dividend yield as of Tuesday, May 31st, 2005. The list is sorted from highest yield to lowest yield. This will be updated periodically.

PUHCA reform ... has its day finally arived?

According to some reports, key memebers of Congress may actually have finally reached an agreement to repeal the Public Utility Holding Company Act (PUHCA) of 1935.  If this actually holds this time, it would potentially open the door to aloow the freer flow of investment capital into the utility industry.  This flow of capital could lead to other industries (energy) and other players who traditionally have not been free to invest in the utility industry to make acquistions of utilities.

Electric utility stocks ranked by yield -- 5/23/05

The list below sorts the electric utilities tracked here by dividend yield as of Monday, May 23rd, 2005. The list is sorted from highest yield to lowest yield. This will be updated periodically.

Electric utility stocks ranked by yield -- 5/16/05

The list below sorts the electric utilities tracked here by dividend yield as of Monday, May 16th, 2005. The list is sorted from highest yield to lowest yield. This will be updated periodically.

Quiet 1st quarter earnings season for electric utilities

The electric utility 1st quarter reporting season is essentially over.  Historically, most electric utilities have the largest portion of their annual earnings (and the variability of annual earnings) in the summer months, which generally show up in 3rd quarter earnings, and have relatively quiet 1st and 2nd quarter earnings reports.

The reason?  Electric utilities' regulated and uregulated POWER related businesses are heavily reliant on the increased demand (and sometimes premium pricing) that comes with the hot summer months. 

Electric utility stocks ranked by yield

The list below sorts the electric utilities tracked here by dividend yield. The list is sorted from highest yield to lowest yield. This will be updated periodically.

Duke Energy (DUK) and Cinergy (CIN) to merge

Duke Energy and Cinergy announced today that they would merge.  This is the 2nd announcement of what I would call "mega-mergers" within the electric utility industry in the last 6 months, after Exelon -(EXC) and Public Service Enterprise Group (PEG) announced in December 2004 their merger.

Investors should expect these types of mergers to continue to be announced as electric utilities continue to try to both increase their scale (and therefore increase their ability to use scale to reduce expenses per customer), and