Duke Energy, one of the best known utility companies in the nation, has announced plans to separate its business into two parts: the mainly regulated utility operations as Duke Energy and its midstream gas business to be called Spectra. Under current plans, every DUK shareholder will receive one share of Spectra for every two shares of Duke owned. This could play out as a very profitable move for both Duke and its shareholders.
Anytime a political tsunami like this hits, there are repercussions in Corporate America.
For many essential service companies–i.e., power, gas, communications and water utilities–the outcome of the voting on November 7 could be critical to their prospects for the next few years.
The subject was a familiar one to me: a dire warning from the North American Electric Reliability Council that America will face a critical shortage of electricity within a decade unless there’s a massive building boom for power plants.
AT&T’s (NYSE: T) proposed merger with BellSouth (NYSE: BLS) took a giant step toward success this week.
A high-percentage bet on the growth of the Internet or a potential $18 billion boondoggle?
After a nearly two-year courtship, Exelon (NYSE: EXC) and Public Service Enterprise Group (NYSE: PEG) have called off their proposed merger.
Earnings season is the time when the best companies separate themselves from the pack. This year was no exception.
Normally, a move of a few percentage points in a week would be extraordinary for conservative utilities, real estate investment trusts (REITs) and Canadian trusts.
We’re coming up on five years since the collapse of Enron roiled the utility world. The good news is things couldn’t be more different now for utilities.
