DIRS.INFO The most relevant business & tech news

☆ Natural-Gas Pipelines Are Old. Will Regulators Let Utilities Invest in Them?
▼ + stars: | 2023-11-25 | by ( Katherine Blunt | ) www.wsj.com time to read: 1 min

ConEd is evaluating how much it needs to spend to safely maintain parts of its gas system amid an expected decrease in usage over time. Photo: Jeenah Moon/Bloomberg NewsUtilities across the country are trying to boost spending to maintain aging natural-gas pipelines. Regulators in some Democratic states seeking to limit gas use are saying not so fast. Companies including PG&E , Consolidated Edison and Public Service Enterprise Group have proposed investing billions of dollars to bolster their pipeline networks, which will remain in use for years even as more customers use electricity to cook and heat their homes. They say such spending is necessary in part to maintain safety and reliability as they work to shrink their gas systems over time.

Organizations: Bloomberg News Utilities, Consolidated Edison, Public Service Enterprise Group

☆ These utilities can withstand the pain as higher interest rates weigh on the sector, says Bank of America
▼ + stars: | 2023-10-24 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Utilities, beloved for their dividend payments, are under pressure in today's high rate environment, but a few gems stand out in the tarnished sector, according to Bank of America. The sector has suffered through 2023, shedding 16%, as the Federal Reserve continues to roll out its policy-tightening campaign. But there are a few opportunities in the sector, even as Bank of America says utilities aren't particularly compelling now. Both are also deemed top buys by Bank of America. PG & E has a California rate case development coming on Nov. 2, when the California Public Utilities Commission will be meeting.

Persons: Julien Dumoulin, Smith, ConEd, Michael Bloom Organizations: Bank of America, Federal Reserve, Consolidated Edison, E Corporation, PPL Corporation, California Public Utilities Commission, Kentucky Public Service Commission, PPL Locations: California, Kentucky

☆ Higher rates are killing the clean energy stocks — BofA says these are worth buying
▼ + stars: | 2023-10-05 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

There's still value to be found among renewable energy stocks despite a rout, according to Bank of America. Leading renewable stock NextEra Energy Partners trimmed its growth forecast earlier this week, sparking a sell-off in the cleantech sector that has lasted for several days. Its stock tumbled about 27% so far this week, while its parent NextEra Energy is down 15% during the same period. BofA analyst Julien Dumoulin-Smith said the event has caused a "collapse in confidence" in NextEra and stoked fears that higher rates will dampen demand for renewable energy projects. ConEd stock has slipped about 12% from the start of the year, while shares of Array are down nearly 2%.

Persons: Julien Dumoulin, Smith, BofA, ConEd, — CNBC's Michael Bloom Organizations: Bank of America, Energy Partners, Energy, PPA, Utilities, NextEra Energy, Technologies, Consolidated Edison, NXT, ConEd Locations: NextEra, Dumoulin

☆ Cramer's Lightning Round: Oracle is a buy
▼ + stars: | 2023-08-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Medtronic's year-to-date stock portfolio. Stock Chart Icon Stock chart icon Fisker's year-to-date stock portfolio. Stock Chart Icon Stock chart icon Adtran's year-to-date stock performance. Stock Chart Icon Stock chart icon Marvell's year-to-date stock performance. Stock Chart Icon Stock chart icon Oracle's year-to-date stock performance.

Persons: It's, Con, Con Edison, We've, Jeff Organizations: GE Healthcare, Enterprise, Public Service Enterprise, Marvell, Oracle

Search resuls for: "ConEd"

4 mentions found