The Federal Energy Regulatory Commission on Monday denied a national energy company’s bid to increase electricity rates around Baltimore to pay for outgoing power plants to remain online. Talen Energy Corp., owner of the Brandon Shores and H.A. Wagner coal- and oil-fired plants in Anne Arundel County, will instead enter settlement discussions with the Office […]
The biggest battery in Duke Energy’s fleet can now store and produce even more energy. After five years and a $209 million investment, the Bad Creek Pumped Hydro facility finished a series of upgrades that will help keep the lights on for 1.3 million households across the Carolinas. The hydroelectric facility works like any other. […]
By Rod Nickel WINNIPEG, Manitoba (Reuters) – TC Energy’s planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up. The South Bow spin-off, which TC investors will vote on June […]
Devon Energy (NYSE: DVN) has been a monster dividend stock in recent years. A few years ago, the oil company launched the industry’s first fixed-plus-variable dividend framework. It aimed to pay a fixed base dividend each quarter and up to 50% of its excess free cash flow in variable dividends. Higher oil prices in 2022 […]
A member of the Ragin’ Grannies, an environmental advocacy group, sings “No Frackin’ Way,” outside the Durham County Courthouse, where the NC Utilities Commission was holding a public hearing about Duke Energy’s carbon plan. (Photo: Lisa Sorg) Bobby Jones, a founder of the Down East Coal Ash Environmental and Social Justice Coalition in Goldsboro, had […]
In the second of five North Carolina Utilities Commission public hearings, more than two dozen Duke customers and environmental activists criticized Duke Energy’s plans to reach state energy goals by dramatically increasing the state’s reliance on natural gas. MORE: ‘Kind of monopolizing’: Duke Energy faces pushback over higher electricity bills By the end of the […]
Most companies that pay dividends try to provide investors with a reliable income stream, setting a dividend that they believe can be sustained, if not grown, over time. Devon Energy (NYSE: DVN) has taken the exact opposite approach. So while the dividend yield on major quote services is listed as 4.9%, you shouldn’t count on […]
Devon Energy (NYSE: DVN) launched a pioneering capital return framework following its transformational merger with WPX Energy in early 2021. It established the industry’s first fixed-plus-variable dividend policy. The framework featured a fixed base quarterly dividend and a variable dividend of up to 50% of its free cash flow. Several oil stocks have since taken […]
MONROE — For some people, the arrival of Lent next week means fish fries on Fridays. For the bald eagles living near DTE Energy’s Monroe Power Plant, fish is on the menu every day, thanks to the relatively warm water where Plum Creek and the power plant’s warm water discharge meet Lake Erie. Guests of […]
The energy industry had a rough day on Wednesday, and NextEra Energy (NYSE: NEE) seemed to face challenges on multiple fronts. Not only is a cold spell hitting the U.S., interest rates are up and fuel costs have been on the rise as well. Shares of NextEra Energy were down as much as 4.2% in […]