$ALE (ALLETE, Inc.)

$ALE {{ '2016-10-19T17:33:15+0000' | timeago}} • Announcement

Minnesota Power, a division of $ALE, decided to retire two small coal-fired generators at its Boswell Energy Center in Cohasset, Minnesota, by the end of 2018. Units 1 and 2 will be retired and units 3 and 4 will be retained. This decision will directly affect 30 employees. The company is working to avoid layoffs through attrition and retirements.

$EGN {{ '2017-07-21T16:04:01+0000' | timeago}} • Announcement

$EGN appointed Lori Lancaster to its BoD effective July 21, 2017. Lancaster is a former Managing Director of the Global Energy Group at $UBS Securities and the Global Natural Resources groups at Nomura Securities International and $GS. She fills the vacancy created in May 2017 by the retirement of Michael Goodrich.

$AVA {{ '2017-07-20T15:33:22+0000' | timeago}} • Announcement

Energy company $AVA has agreed to be acquired by Canada-based power transmission firm Hydro One Ltd. The acquisition will be accretive to earnings in the mid-single digits in the first full year of operation. Avista shareholders will receive $53 per share. Hydro will fund the transaction with C$1.4Bil of its common equity and US$2.6Bil of debt.

$PEG {{ '2017-07-18T14:34:46+0000' | timeago}} • Announcement

The BoD of $PEG declared a 3Q17 dividend on the outstanding common stock of $0.43 per share. The dividend is payable on or before Sept. 29, 2017 to shareholders of record on Sept. 8, 2017.

$AES {{ '2017-07-17T21:30:02+0000' | timeago}} • Announcement

$AES declared a quarterly common stock dividend of $0.12 per share payable on August 17, 2017, to shareholders of record on August 3, 2017.

$SO {{ '2017-07-17T19:44:39+0000' | timeago}} • Announcement

$SO announced a regular quarterly dividend of $0.58 per share on the company's common stock, payable September 6, 2017, to shareholders of record as of August 21, 2017.

$NI {{ '2017-07-14T13:35:32+0000' | timeago}} • Announcement

Utility company $NI has appointed Eric L Butler to its BoD, effective July 10, 2017. Currently, Butler serves as EVP, chief administrative officer and corporate secretary at Union Pacific Corp. Earlier, he served Union Pacific as VP and general manager of Industrial Products for seven years.

$LMOS {{ '2017-07-13T21:01:17+0000' | timeago}} • Announcement

Communications firm $LMOS has signed a multi-year agreement to provide 1.5 gigabit of dedicated internet connection to the Virginia Military Institute. As per the deal, Lumos will also provide one gigabit of internet connection at the Rockbridge Area Network Authority Data Center, under the college.

$LMOS {{ '2017-07-12T20:55:31+0000' | timeago}} • Announcement

$LMOS announced the hiring of Josh Wolff as SVP of the Lumos Data Center business. Wolff will be based in Charlotte and will oversee the company’s data center efforts across its entire fiber network, including DC74, which $LMOS acquired in February, 2017.

$SO {{ '2017-07-12T20:41:20+0000' | timeago}} • Announcement

Energy company $SO and its subsidiary Gulf Power have launched the latest battery storage research project. The project is envisaged to demonstrate the capabilities of an energy storage system designed to help industrial and commercial customers store and use energy. It is expected to boost development of battery storage technology in the company.

$WR {{ '2017-07-10T11:55:17+0000' | timeago}} • Announcement

Upon closing of the merger between $WR and $GXP, Westar Energy CEO Mark Ruelle will become the Non-Executive Chairman of the new company Board. Terry Bassham, CEO of Great Plains, will serve as CEO of the new company and will also be part of the Board.

$WR {{ '2017-07-10T11:51:13+0000' | timeago}} • Announcement

As per merger agreement between $WR and $GXP, Westar shareholders will exchange each share of $WR common stock for a share in the combined company. Great Plains shareholders will receive 0.5981 shares of common stock in the new holding company for each $GXP share. The merger will result in approx 15% dividend increase for $WR shareholders.

$WR {{ '2017-07-10T11:46:38+0000' | timeago}} • Announcement

$WR and $GXP have approved a revised merger transaction that involves no premium paid or received, no transaction debt, no exchange of cash, and is a stock-for-stock merger of equals, creating a company with a combined equity value of approx $14Bil. The combined company will have a new name. The transaction is expected to close in 1H18.

$AES {{ '2017-07-05T13:02:24+0000' | timeago}} • Announcement

$AES has closed $2Bil in long-term, non-recourse financing for its 1,384MW Southland repowering project. The financing consists $1,475MM of senior secured notes amortizing through 2040 and $492MM senior secured term loan amortizing through 2027. $AES will contribute about $350MM in equity to finance the balance of the total project cost of $2.3Bil.

$SO {{ '2017-06-30T14:40:26+0000' | timeago}} • Announcement

$SO's subsidiary Southern Power has signed an agreement with Wärtsilä, a supplier of flexible generation technology, to develop two flexible gas power plant projects, which could be as large as 450 megawatts each.

$SO {{ '2017-06-28T20:35:00+0000' | timeago}} • Announcement

$SO and Mississippi Power announced the suspension of start-up and operations activities involving the lignite gasification portion of the Kemper County energy facility. The facility will continue to operate using natural gas pending the Mississippi Public Service Commission's decision on future operations.

$SO {{ '2017-06-27T14:33:37+0000' | timeago}} • Announcement

$SO's PowerSecure unit entered into a strategic alliance with Advanced Microgrid Solutions to develop and deploy behind-the-meter distributed energy resources across the US. PowerSecure will bring project design, engineering and technology solutions to the alliance while AMS will provide asset management services through its ArmadaTM platform.

$PEG {{ '2017-06-23T12:10:01+0000' | timeago}} • Announcement

$PEG named Ralph LaRossa as President and COO of PSEG’s merchant generation business, PSEG Power, effective October 2, 2017.  LaRossa is currently President and COO of Public Service Electric and Gas Company (PSE&G).  In his new role, LaRossa succeeds Bill Levis who in December 2016 had announced his plans to retire.

$SRE {{ '2017-06-21T18:44:31+0000' | timeago}} • Announcement

$SRE has declared a quarterly dividend of $0.8225 per share on its common stock. The dividend is payable on July 15, 2017, to shareholders of record as of July 7, 2017.

$EGN {{ '2017-06-19T21:04:02+0000' | timeago}} • Announcement

$EGN raised its total 2017 production estimate to 70.2 mboepd, or 5.9% higher than prior guidance, on the continued strength of results from wells completed. This brings the company’s YoY production growth to an estimated 29%. Energen’s 2017 drilling and development capex guidance remains unchanged at $850-900MM.

$PCG {{ '2017-06-15T13:37:03+0000' | timeago}} • Announcement

$PCG SVP Edward Halpin will retire from his role on December 31, 2017. The date provides the company with the appropriate time to ensure an effective transition period.

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