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News
Utilities Down After Wholesale Inflation Data- Utilities Roundup
3+ day, 16+ hour ago (119+ words) marketscreener.com Shares of power producers fell as a reading of heated August wholesale inflation data drove Treasury yields to multiyear highs The utilities sector has earned a reputation as a "bond proxy" because it often trades in line with…...
Power utilities halve operating losses
2+ week, 4+ hour ago (131+ words) Highland Post Shillong, Aug 30: Meghalaya's four power utilities have nearly halved their operating losses in a year and achieved 100 percent collection efficiency Comptroller and Auditor General (CAG) of India data shows combined loss came down to Rs 209 crore in 2022-23 from…...
American Electric Power Has the Demand. This Quarter It Showed It Locked Up the Supply to Serve It
2+ week, 1+ day ago (251+ words) @Karthickgnani from Getty Images via Canva, @Tuu Sitthikorn's Images via Canva The stock closed at $122.31 on August 28, down about 11% from its June closing high near $138, and two banks trimmed their price targets while keeping bullish ratings, Truist to $139 on August…...
Meridian promises below-inflation power price increases following record operating profit
2+ week, 5+ day ago (1184+ words) Meridian Energy says it will keep power prices for residential and small business customers below the annual inflation rate over its current financial year, after the state-controlled energy supplier reported a record annual operating profit. The 51% state-owned electricity generator and…...
Utilities under the microscope: brokers face a rising risk of extra taxation on profits
2+ week, 5+ day ago (72+ words) Il Sole 24 ORE Intermonte points out that, according to Brussels, should EU countries act on the basis of national legislation, ‘such measures must be in compliance with European law. The Commission will respect the decisions of Member States and provide…...
Sen. Gatchalian pushes lower power costs as growth slows
3+ week, 2+ day ago (398+ words) SENATE President Win Gatchalian Senate President Sherwin Gatchalian is pushing measures to cut electricity costs as the Philippine economy slows, including a proposal to stop distribution utilities from passing system loss charges on to consumers. The call follows a 2.3 percent…...