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Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
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Factbox: Stocks to watch as Idalia makes landfall in Florida
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +2 min
Electric power transmission pylon miniatures and Nextera Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Aug 28 (Reuters) - Florida is bracing for Tropical Storm Idalia as it intensifies into a major hurricane on Monday before making landfall on the state's Gulf Coast by Wednesday morning. About 20 million Floridians are under hurricane and tropical storm watches, and authorities have begun issuing evacuation orders. Shares of NextEra Energy Inc (NEE.N), which owns the Florida Power & Light Company, the state's largest utility, was little changed at $68.06, up 0.154%. Reporting by Chibuike Oguh in New York; editing by Lance Tupper and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Idalia, Here's, Ron DeSantis, , Owens Corning, Chibuike Oguh, Lance Tupper, Nick Zieminski Organizations: REUTERS, Simpson, National Hurricane Center, POWER Florida, NextEra Energy Inc, Florida Power & Light Company, Duke Energy Corp, Generac Holdings, Universal Insurance Holdings, Allstate Corporation, American International, Home, Lowe's, Thomson Locations: Florida, Coast, Big, New York
Stocks to watch as Idalia makes landfall in Florida
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Aug 28 (Reuters) - Florida is bracing for Tropical Storm Idalia as it intensifies into a major hurricane on Monday before making landfall on the state's Gulf Coast by Wednesday morning. Idalia is predicted to transform into a Category 3 on the Saffir-Simpson Hurricane Wind Scale when it makes landfall in northern Florida's Big Bend area, where the panhandle transitions into the peninsula, the National Hurricane Center said. About 20 million Floridians are under hurricane and tropical storm watches, and authorities have begun issuing evacuation orders. Shares of NextEra Energy Inc (NEE.N), which owns the Florida Power & Light Company, the state's largest utility, was little changed at $68.06, up 0.154%. Duke Energy Corp (DUK.N) said on Monday it is mobilizing approximately 4,500 people - power line technicians, vegetation workers, damage assessors and support personnel – to respond to power outages as Idalia reaches Florida.
Persons: Dado Ruvic, Idalia, Here's, Ron DeSantis, , Owens Corning, Chibuike Oguh, Lance Tupper, Nick Zieminski Organizations: REUTERS, Simpson, National Hurricane Center, POWER Florida, NextEra Energy Inc, Florida Power & Light Company, Duke Energy Corp, Generac Holdings, Universal Insurance Holdings, Allstate Corporation, American International, Home, Lowe's, Thomson Locations: Florida, Coast, Big, New York
[1/2] U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah MillisWASHINGTON, May 28 (Reuters) - U.S. energy company Equitrans Midstream Corp's (ETRN.N) long-delayed $6.6 billion Mountain Valley natural gas pipeline could win federal approval as part of Washington's debt limit deal. The pipeline is backed by Democratic West Virginia Senator Joe Manchin, whose vote is often needed since the Democrats hold a thin majority in that body. The pipeline, which would unlock gas supplies from Appalachia, the country's biggest shale gas basin, still needs review and permitting including in West Virginia. Mountain Valley is owned by units of Equitrans, NextEra Energy Inc (NEE.N), Consolidated Edison Inc (ED.N), AltaGas Ltd (ALA.TO) and RGC Resources Inc (RGCO.O).
Miniatures of windmill, solar panel and electric pole are seen in front of NextEra Energy logo in this illustration taken January 17, 2023. Representatives for the U.S. Department of Justice, NextEra and Texas didn’t immediately respond to requests for comment Monday. Circuit Court of Appeals in August said the state’s law likely violated the clause and sent the case back to a Texas federal court for further consideration. V. NextEra Energy Capital Holdings, U.S. Supreme Court, case No. For Texas: Judd Stone of the Texas Attorney General’s OfficeFor NextEra: Lino Mendiola of Eversheds Sutherland, Stuart Singer of Boies Schiller Flexner and Matthew Price of Jenner & Block
Some of the world’s biggest companies are fighting over what qualifies as green energy. At stake are tax credits worth billions of dollars under the new U.S. climate law for one of the most-hyped clean-energy technologies. Industry leaders such as BP PLC and NextEra Energy Inc. are arguing against renewable-energy companies including Vestas Wind Systems A/S and Intersect Power LLC over tax credits for hydrogen, a fuel that when made from renewable energy could reduce carbon emissions from transportation and other industrial sectors by replacing oil and gas.
The Biden administration's $430 billion Inflation Reduction Act devotes billions of dollars for tax credits and direct payments for solar, wind, battery and other energy sources to move electric power supplies from fossil fuels. Regulated utilities including Duke Energy Corp (DUK.N) and Dominion Energy Inc (D.N) begin reporting fourth-quarter results this week and analysts expect them to lay out plans for capitalizing on the IRA. NextEra, the biggest U.S. generator of renewable energy, has a backlog of 16,500 megawatts of renewables projects. The parent of Florida Power and Light has added 25% to that backlog in the last year, executives have said. Solar projects in sunny states in the south and southwest and wind projects in the Midwest are among the best situated to collect IRA dollars, she said.
Jan 25 (Reuters) - NextEra Energy Inc (NEE.N) on Wednesday posted mixed quarterly results, sending its shares sliding as the renewable power company announced the retirement of the head of its key Florida utility unit. NextEra's shares dropped 6% on Wednesday, making the company one of the day's biggest losers in the Standard & Poor's 500 Index. The company is the third-largest U.S. energy company by market value, trailing only oil and gas giants Exxon Mobil (XOM.N) and Chevron Corp (CVX.N). NextEra is banking on increased use of renewable energy like solar and wind for power generation amid a global push to shift to cleaner fuel sources. Natural gas prices averaged $6.10 per million British thermal units (mmBtu) in the October-December quarter, about 26% higher than the previous year.
Nov 10 (Reuters) - Over 210,000 homes and businesses were without power in Florida early on Thursday after Hurricane Nicole crashed into the state's east coast overnight. Utilities have already restored service to about half of the roughly 400,000 customers who lost power since the storm hit Wednesday night. Hurricane Nicole weakened into a tropical storm shortly after making landfall on Florida's east coast, the National Weather Service said. read moreThe utility with the most outages and most customers already restored is Florida Power & Light Co (FPL), the nation's biggest power utility. FPL is a unit of Florida energy company NextEra Energy Inc (NEE.N).
Oct 21 (Reuters) - U.S. environmental group the Sierra Club said on Friday that the Mountain Valley Pipeline (MVP) is abandoning legal efforts in North Carolina to secure land necessary for its proposed Southgate extension. Were it completed, the Southgate project would have added 75 miles (121 km) of pipeline from Southern Virginia into central North Carolina, the statement by Sierra Club read, adding that without the land, the extension is unlikely to ever be built. Mountain Valley - owned by units of Equitrans (ETRN.N), NextEra Energy Inc (NEE.N), Consolidated Edison Inc (ED.N), AltaGas Ltd (ALA.TO) and RGC Resources (RGCO.O) - is one of several U.S. pipeline projects delayed by regulatory and legal fights with environmental and local groups that found problems with federal permits issued during President Donald Trump's administration. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Seher Dareen in Bengaluru; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
Factbox: U.S. companies brace for Hurricane Ian
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +5 min
Sept 28 (Reuters) - Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. NextEra Energy Inc's (NEE.N) Florida Power & Light Co, the largest utility in the state, deployed nearly 16,000 workers from 27 states to restore power. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.
Sept 28 (Reuters) - Hurricane Ian makes landfall in Florida with Category 4 fury on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. Costco Wholesale Corp closed nine stores located in Florida due to an impact of Hurricane Ian. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.
Sept 28 (Reuters) - More than 169,000 homes and businesses were without power in Florida as Hurricane Ian approached the state's west coast on Wednesday, according to local power companies. The U.S. National Hurricane Center said Ian was moving onshore and would cause catastrophic storm surge, winds and flooding in the Florida Peninsula. The storm was located about 45 miles (75 km) west-northwest of Naples, Florida, and was packing maximum sustained winds of 155 miles (250 km) per hour at 11 a.m. EDT (1500 GMT). Florida Gulf Coast residents emptied grocery shelves, boarded up windows and fled to evacuation shelters as Hurricane Ian barreled closer on Wednesday, lashing the state's southern tip hours before it was forecast to make U.S. landfall. Register now for FREE unlimited access to Reuters.com RegisterThe utility with the most outages so far was Florida Power & Light Co (FPL), a unit of Florida energy company NextEra Energy Inc (<NEE.N>).
People walk in a hallway using a flashlight during a power outage as Hurricane Ian makes landfall in southwestern Florida, in Fort Myers, Florida, U.S. September 28, 2022. REUTERS/Marco BelloSept 28 (Reuters) - More than 1.3 million homes and businesses were without power in Florida as Hurricane Ian hit the state's west coast on Wednesday, according to local power companies. Some utilities have started to restore customers now that the storm has passed southern Florida even though the number of outages continues to increase as the storm heads inland. The U.S. National Hurricane Center said Ian was causing catastrophic storm surge, winds and flooding in the Florida Peninsula. Register now for FREE unlimited access to Reuters.com RegisterThe utility with the most outages so far was Florida Power & Light Co (FPL), a unit of Florida energy company NextEra Energy Inc (<NEE.N>).
Greene has purchased stock in several companies that contradict her political positions. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyIn April, Rep. Marjorie Taylor Greene said Black Lives Matter "is the strongest terrorist threat in our county." She also introduced legislation to award Congressional Gold Medals to law-enforcement officers "who protected American cities during the Black Lives Matter (BLM) riots" of 2020. Speaking up because BLACK LIVES MATTER." Consumers may also buy numerous Black Lives Matter-themed products at Walmart.com — but no "all lives matter" merchandise.
Newman sells ModernaLast week, Insider reporters Kimberly Leonard and Warren Rojas profiled the stock trades of Rep. Marie Newman, a freshman Democrat from Illinois, and her husband. On Wednesday, Newman reported that she or her husband made additional stock trades in January. And he and his wife last week reported making dozens of different stock trades and financial moves during March. Rep. Josh Gottheimer, a Democrat from New Jersey, made more than 60 stock trades during March. Rep. John Yarmuth, a Democrat from Kentucky, meanwhile made nearly 20 stock trades during March.
Michigan Democratic Sen. Gary Peters purchased up to $15,000 American Electric Power Company Inc. stock on January 15. American Electric Power Company generates 73% of its power from fossil fuels, including 45% from coal. Peters, who last month became chairman of the Democratic Senatorial Campaign Committee, made the stock purchase on January 15, his disclosure indicates. American Electric Power Company spokesperson Tammy Ridout declined to comment on Peters' stock purchase, saying," We don't comment on individual shareholders' investments." Peters' stock purchase of American Electric Power Company isn't his first energy company investment.
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