Eversource Energy (NYSE:ES) Q3 2016 Earnings Call November 02, 2016 9:00 am ET Executives Jeffrey R. Kotkin - Eversource Energy Philip J. Lembo - Eversource Energy Leon J. Olivier - Eversource Energy Analysts Michael Weinstein - Credit Suisse Securities (NYSE:USA) LLC (Broker) Travis Miller - Morningstar, Inc. (Research) Paul Patterson - Glenrock Associates LLC Caroline V. Bone - Deutsche Bank Securities, Inc. Shahriar Pourreza - Guggenheim Securities LLC Michael Gaugler - Janney Montgomery Scott LLC Operator Welcome to the Eversource Energy Third Quarter Earnings Call. My name is Hilda, and I will be your operator for today. At this time, all participants are in a listen-only mode. Later,...
Eversource Energy (ES) Q3 2016 Results - Earnings Call Transcript
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Fortis Reports 2016 Earnings of $585 million and Fourth Quarter 2016 Earnings of $189 million (Fortis Inc)
(Source: Fortis Inc) ST. JOHN'S, NEWFOUNDLAND AND LABRADOR - Fortis Inc. ('Fortis' or the 'Corporation') (TSX:FTS)(NYSE:FTS), a leader in the North American regulated electric and gas utility industry, released its 2016 annual results today. The Corporation's net earnings attributable to common equity shareholders for 2016 were $585 million, or $1.89 per common share, compared to $728 million, or $2.61 per common share, for 2015. For the fourth quarter of 2016, net earnings attributable to common equity shareholders were $189 million, or $0.49 per common share, compared to $135 million, or $0.48 per common share, for the same period in 2015. Year over year results were impacted by the...
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Fortis Reports 2016 Earnings of $585 million and Fourth Quarter 2016 Earnings of $189 million
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, Feb 16, 2017 (Marketwired via COMTEX) -- ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Feb 16, 2017) - Fortis Inc. ("Fortis" or the "Corporation") (FTS) FTS, -0.34% a leader in the North American regulated electric and gas utility industry, released its 2016 annual results today. The Corporation's net earnings attributable to common equity shareholders for 2016 were $585 million, or $1.89 per common share, compared to $728 million, or $2.61 per common share, for 2015. For the fourth quarter of 2016, net earnings attributable to common equity shareholders were $189 million, or $0.49 per common share, compared to $135 million,...
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Coral Catastrophe, Ultra Thin Solar Cells, and More!
Today, the Earth got a little hotter, and a little more crowded. When Forests Go, So Do Captivating Critters, Both Prey And Predators - can you guess which one is which here? Credit Fahmi Bhs When we harm forests, we harm ourselves. HOW FOREST LOSS HARMS US OO Forest Loss Is Leading To A Rise In Human Disease - as the felling of tropical forests creates optimal conditions for the spread of mosquito-borne scourges, including malaria and dengue, a growing body of scientific evidence shows. >> HOW WE'RE LOSING FORESTS Forests: the cheapest way to store carbon CHANGING CLIMATE INDUCES BEETLE EPIDEMICS A Familiar Story Replaying in An Ancient Forest - bark beetles may be reaching epidemic...
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THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE NEW BALL SHARES EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS AND THE SCHEME DOCUMENT WHICH ARE PROPOSED TO BE PUBLISHED IN DUE COURSE. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
, Feb. 19, 2015 /PRNewswire/ -- FOR IMMEDIATE RELEASE 19 February 2015 RECOMMENDED CASH AND SHARE OFFER FOR REXAM PLC BY BALL UK ACQUISITION LIMITED a wholly-owned subsidiary of BALL CORPORATION Summary The Boards of Ball Corporation ("Ball") and Rexam PLC ("Rexam") are pleased to announce that they have reached agreement on the terms of a recommended offer for the entire issued and to be issued ordinary share capital of Rexam by Ball UK Acquisition Limited ("Bidco"), a wholly-owned subsidiary of Ball (the "Offer"). The Offer is to be effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the "Scheme"). Under the terms of the Offer, Rexam Ordinary...
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Renewable energy puzzle: Getting power to people
MOBERLY, Mo. - EDITOR'S NOTE: Part a yearlong effort by The Associated Press and the Associated Press Media Editors, examining the state of America's infrastructure. Mike McKeown opens the back door of his Missouri farm house and is met with a chilly gust. "Stupid wind," he mutters. Today, the winds that blow through his corn and soybean farm have become more than just an irritant. The homestead in northern Missouri, which his family has owned for nearly 70 years, sits smack in the path of a proposed high-voltage line that would carry renewable energy from the wind-whipped plains of western Kansas to power-thirsty cities farther east. And McKeown doesn't like that. Due partly to the intense...
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Offer for Rexam PLC (Ball Corporation)
(Source: Ball Corporation) THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE NEW BALL SHARES EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS AND THE SCHEME DOCUMENT WHICH ARE PROPOSED TO BE PUBLISHED IN DUE COURSE. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION BROOMFIELD, Colo., Feb. 19, 2015 /PRNewswire/ -- FOR IMMEDIATE RELEASE 19 February 2015 RECOMMENDED CASH AND SHARE OFFER FOR REXAM PLC BY BALL UK ACQUISITION LIMITED a...
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BOYKO BORISSOV: WE FOUND THE NECESSARY MOTOR THAT CAN HELP US WITH ENERGY PROJECTS (Council of Ministers of the Republic of Bulgaria)
(Source: Council of Ministers of the Republic of Bulgaria) BOYKO BORISSOV: WE FOUND THE NECESSARY MOTOR THAT CAN HELP US WITH ENERGY PROJECTS 14 April 2015 The Bulgarian economy has great potential, French President Francois Holland says following talks with Prime Minister of Bulgaria Boyko Borissov Prime Minister Boyko Borissov highlighted the good cooperation between Bulgaria and France, following his meeting with President of the French Republic Francois Holland in the Elysee Palace. The Prime Minister pointed out that France had always intervened in important for Bulgaria moments, when guidance for development had been needed. Prime Minister Borissov familiarized the French President...
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Most people are wildly underestimating what Trump’s win will mean for the environment
Unified Republican control of the federal government over the next two years augurs a sea change in US environmental policy like nothing since the late 1960s and ’70s, when America’s landmark environmental laws were first passed. If Donald Trump and the GOP actually follow through on what they’ve promised, this time around will be a lurch in the opposite direction. Federal climate policy will all but disappear; participation in international environmental or climate treaties will end; pollution regulations will be reversed, frozen in place, or not enforced; clean energy research, development, and deployment assistance will decline; protections for sensitive areas and ecosystems will be...
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Editorials from around New England
Excerpts of recent editorials of statewide and national interest from New England newspapers: The Hartford Courant (Conn.), Feb. 19, 2016 Three federal agencies are teaming up to finally, we hope answer questions about the possible health risks of school playing fields made from recycled tires, thanks to U.S. Sen. Richard Blumenthal's lobbying of President Barack Obama. That's great news. There's growing concern about the synthetic surfaces at many school grounds, and conclusive research is needed. The question is whether the federal study by the Environmental Protection Agency, the Centers for Disease Control and Prevention and the Consumer Product Safety Commission will have...
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Clean Power Plan, Renewable Energy Tax Credits Set to Drive Needed Clean Energy Transition (UCS - Union of Concerned Scientists)
(Source: UCS - Union of Concerned Scientists) WASHINGTON (May 10, 2016)-A new analysis released today by the Union of Concerned Scientists (UCS) shows that federal renewable energy tax credits in combination with the Clean Power Plan provide an affordable way to accelerate the transition to clean energy, deliver significant economic and public health benefits, and make progress toward meeting the United States' international climate goals. 'We found that the tax credits, which are offered for a limited time, drive near-term carbon reductions, while the Clean Power Plan continues the momentum to achieve more substantial long-term cuts in global warming emissions,' said Jeff Deyette, lead...
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Public Service Commission approves need for FPL Okeechobee Clean Energy Center in 2019 - PSC decision confirms additional power is needed to meet future energy needs of Florida's growing population and economy- FPL Okeechobee Clean Energy Center will be one of the cleanest, most efficient power plants of its kind in the world- New facility will help FPL keep customer bills low for the long term
JUNO BEACH, Fla., Jan. 5, 2016 /PRNewswire/ -- The Florida Public Service Commission (PSC) today approved the need for Florida Power & Light Company's proposed FPL Okeechobee Clean Energy Center. The new high-efficiency power plant is scheduled to begin generating affordable clean energy by mid-2019 to help meet the electricity needs of Florida's growing population and expanding economy. FPL plans to invest approximately $1.3 billion to build the plant, which will be fueled by clean, U.S.-produced natural gas. There will be no impact on customer rates until after the plant enters service in 2019, at which time its costs will be partially offset by customer savings on fuel costs....
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Vedanta FY2016 Results (Vedanta Resources plc)
(Source: Vedanta Resources plc) Vedanta Resources plc 16 Berkeley Street London W1J 8DZ Tel: +44 (0) 20 7499 5900 Fax: +44 (0) 20 7491 8440 www.vedantaresources.com 12 May 2016 Vedanta Resources plc Preliminary Results for the Year Ended 31 March 2016 Financial Highlights n Revenue of US$10.7 billion and EBITDA of US$2.3 billion, lower than FY2015 primarily due to lower commodity prices (FY2015 Revenue: US$12.9 billion, FY2015 EBITDA: US$3.7 billion) n Adjusted EBITDA margin of 28% (FY2015: 38%), driven by low commodity prices n Free cash flow of US$1.7 billion, up 63% (FY2015 US$1.0 billion), driven by optimisation of operational, capital expenditure and working capital initiatives n Net...
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Obama forges forward with bold Clean Power Plan to attack Climate Change
Unveiling the first-ever federal limits on carbon emissions from power plants, President Barack Obama quoted a state governor who said, "We're the first generation to feel the impact of climate change and the last generation that can do something about it." He compared the challenge of climate action as the most compelling, even considering what he has to tackle during his administration - recession, wars, terrorism, gun violence. "But this is one of those rare issues -- because of its magnitude, because of its scope -- that if we don't get it right we may not be able to reverse, and we may not be able to adapt sufficiently. There is such a thing as being too late when it comes to climate...
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Reducing Energy Waste is Least-Cost Option for Implementing Federal Clean Power Plan Analysis using new Michigan model highlights important role for renewables, cogeneration, natural gas in meeting state targets
LANSING, Mich. and WASHINGTON, July 27, 2015 /PRNewswire-USNewswire/ -- Reducing energy waste, using more renewable energy sources like solar and wind, cogeneration fueled by natural gas and, depending on long-term price projections, an appropriate amount of natural gas-fired combined cycle generation can help Michigan comply with the federal Clean Power Plan at lowest cost. Those are among the findings of an Institute for Energy Innovation (IEI) analysis using the new State Tool for Electricity Emissions Reduction (STEER), a model commissioned by the Advanced Energy Economy Institute and developed by Michigan-based 5 Lakes Energy in partnership with researchers at the...
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Press Briefing by Press Secretary Josh Earnest, 5/18/2016 (President of the United States)
(Source: President of the United States) James S. Brady Press Briefing Room 1:10 P.M. EDT MR. EARNEST: Good afternoon, everybody. Nice to see you all. I do have a quick statement at the top before we get to questions. As I'm sure you are aware, today Democratic members of the Senate Judiciary Committee are doing their jobs and fulfilling their constitutional responsibilities by reviewing Chief Judge Garland's questionnaire and holding a public meeting to learn more about this highly qualified nominee. One of the individuals they have invited to the Senate today to speak in support of Chief Judge Garland's character and credentials is a man named Timothy Lewis. Mr. Lewis is a retired former...
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Read the Full Text of the Eighth Democratic Debate in Miami
Former Secretary of State Hillary Clinton and Vermont Sen. Bernie Sanders met for the eighth Democratic debate in Miami Wednesday. Hosted by CNN and Univision at Miami Dade College, the debate focused on immigration issues but also touched on foreign policy, climate change and Wall Street reform. The moderators were Univision anchors María Elena Salinas and Jorge Ramos and Washington Post reporter Karen Tumulty. Here is a full transcript of the debate. RAMOS: (SPEAKING IN SPANISH) SALINAS (through translator): This will be the first and only debate the candidates will do, taking into account the millions of (inaudible) voters (inaudible) Univision News, together with the Washington...
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Clinton Will Harm Ohio’s Energy Sector (Donald J Trump)
(Source: Donald J Trump) - July 30, 2016 - Hillary Clinton has pledged to continue President Obama's suffocating EPA regulations that will further stifle Ohio's energy sector. Clinton's continuation of Obama's third term will ultimately result in massive job loss and an increased economic burden for every Ohioan. Clinton Supports Obama's EPA Regulations, Which Will Result In Energy Cost Increases And Job Loss In Ohio Clinton Pledged To Build On Obama's EPA Regulations If Elected President Clinton Has Vowed To Defend And 'Build On' Obama's 'Clean Power Plan' If Elected President, Calling It A 'Significant Step Forward.' 'Democratic front-runner Hillary Rodham Clinton pledged Sunday that if...
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Prime Minister Borissov: The government will continue to support the development of culture and spirituality in Bulgaria (Council of Ministers of the Republic of Bulgaria)
(Source: Council of Ministers of the Republic of Bulgaria) Prime Minister Borissov: The government will continue to support the development of culture and spirituality in Bulgaria 24 May 2015 Prime Minister Boyko Borissov and a Bulgarian delegation attended a prayer service in the St. Paul church in Rome, delivered by Metropolitan Antonii of Western and Central Europe , on the occasion of May 24, the Day of Day Of Slavonic Alphabet, Bulgarian Enlightenment and Culture, in thepresence of representatives of the Bulgarian community in Italy. "This church, which Catholics hold very sacred, has been provided to the Bulgarian Orthodox Church to perform its rites. I thank Pope Francis and...
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$4 Trillion and Counting: President Obama’s 2016 Budget Presents a Vision of Government Largess (The Heritage Foundation)
(Source: The Heritage Foundation) On February 2, President Obama revealed his budget for fiscal year 2016-the first time the budget was released on time since 2010. His $4 trillion blueprint for the U.S. government would raise taxes to fund government largess. In 2016 alone, President Obama calls for $75 billion of spending in excess of the bipartisan budget caps set for 2016 and would add $363 billion in additional discretionary spending above the budget caps over 10 years. Taxes also explode under the President's budget, with $1.6 trillion in new taxes over the next decade. Spending on ineffective and unnecessary programs that increase the scope of government would flourish under the...
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