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Public Service Expanding Solar Base – Analyst Blog

Zacks Market Commentaries — Thu, 12 Nov 2009 17:15:15 +0000

Public Service Enterprise (PEG) is expanding its utility solar base. Its subsidiary Public Service Electric and Gas Company (PSE&G) received approval from the New Jersey Board of Public Utilities for an additional $143 million for its ongoing solar loan program. This will help the company finance the installation of an additional 51MW of solar energy systems in homes, businesses and municipal buildings throughout its electric service area New Jersey.

PSE&G is a regulated public utility company primarily engaged in the transmission and distribution of electricity and gas in New Jersey. It serves approximately 2.1 million electricity customers and 1.7 million gas customers in the region.

Since the utility's initial Solar Loan Program was approved by the New Jersey Board of Public Utilities in April 2008, customers have applied for loans totaling $105 million that would result in 30MW of installed solar capacity. In addition to the loan program, PSE&G has begun to implement its Solar 4 All program, investing $515 million in 80MW of solar projects that will help double New Jersey's solar capacity.

The utility is installing solar panels on 200,000 utility poles and street lights in about 300 communities spread across the state of New Jersey. PSE&G will also develop solar gardens and roof-top installations on facilities it owns and at third-party sites.

Public Service Enterprise, based in Newark, New Jersey, is a diversified utility holding company. Its operations are mostly located in the Northeastern and Mid-Atlantic parts of the U.S. Public Service Enterprise principally operates through three key subsidiaries: Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (PSEG Power) and PSEG Energy Holdings LLC (PSEG Energy).
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Zacks Investment Research

Public Service Expanding Solar Base – Analyst Blog

Zacks Market Commentaries — Thu, 12 Nov 2009 17:15:15 +0000

Sempra, BP in Wind Energy JV – Analyst Blog

Zacks Market Commentaries — Fri, 18 Sep 2009 21:45:08 +0000

A subsidiary of Sempra Energy (SRE) recently became an equal partner of a BP Plc. (BP) unit for developing a 200MW Fowler Ridge II Wind Farm in Benton County, Indiana.

The Fowler Ridge joint venture is currently under construction on a 17,000-acre site, about 90 miles northwest of Indianapolis and is expected to be operational in the first quarter of fiscal 2010. The 200MW facility will produce enough electricity for nearly 60,000 homes.

The project's entire power output has already been sold under four, long-term 50-MW contracts. Three of these deals were signed with units of American Electric Power (AEP) and one with Vectren Energy Delivery (VVC) of Indiana for 20-year terms each. The project will use 133 wind turbines, each with the ability to generate 1.5 MW.

The Fowler Ridge II development is an expansion of Fowler Ridge I, a 400-MW wind farm that commenced operations in March this year. Together, the projects will form the largest wind farm in the Midwest, generating 600 MW, or enough clean energy to power about 180,000 homes.

Sempra Energy is a southern California-based energy services holding company involved in the sale, distribution, storage and transportation of natural gas. The company’s businesses are broadly divided into Sempra Utilities, Sempra Global and parent. Sempra Utilities consist of two California regulated public utilities Southern California Gas Co. and San Diego Gas & Electric. They service 6.2 million natural gas customers and 1.4 million electricity customers. These two businesses, together known as the California Utilities, serve customers throughout parts of central California, most of southern California, San Diego and southern Orange counties.

Sempra Global and parent consist of unregulated subsidiaries engaged in providing energy products and services Sempra Commodities, Sempra Generation, Sempra Pipelines & Storage and Sempra LNG. Sempra Pipelines & Storage operates global energy projects and serves 2.8 million power and gas customers, Sempra Commodities reflects 49% stake in the JV RBS Sempra Commodities with Royal Bank of Scotland Group (RBS), which trades and markets wholesale energy commodities in Asia, Europe, and North America, Sempra Generation operates power plants and provides energy related services and Sempra LNG develops, owns and operates receipt terminals for importing liquefied natural gas.

We are positive about Sempra Energy’s stable base of utility earnings along with expansion in its LNG terminals and renewable power projects in the Pacific Southwest. However, on account of volatility of the commodity business, tightening credit markets and pending regulatory issues, we reiterate our Neutral recommendation on the stock.

Read the full analyst report on "SRE"
Read the full analyst report on "BP"
Read the full analyst report on "AEP"
Read the full analyst report on "VVC"
Read the full analyst report on "RBS"
Zacks Investment Research

GWS Technologies, Inc. Sees Benefits in Arizona Ruling on Renewable Energy

Stuart T. Smith — Thu, 10 Sep 2009 23:58:13 +0000

Sep. 10, 2009 (Business Wire) — GWS Technologies, Inc. (OTCBB:GWSC), an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, today commented on the September 2, 2009 ruling by the Maricopa County Superior Court affirming that the Arizona Corporation Commission has the authority to set renewable energy standards and allow [...]

Octus Energy Announces Affiliations With University of California Smart Energy Research Centers

Stuart T. Smith — Thu, 20 Aug 2009 14:20:08 +0000

DAVIS, CA — (Marketwire) — 08/20/09 — Octus Energy (OTCBB: OCTI) today announced its affiliation with two University of California, Davis energy efficiency research centers, the California Lighting Technology Center (CLTC) and the Western Cooling Efficiency Center (WCEC). As an affiliate member, Octus will collaborate with CLTC and WCEC to develop and deploy the Octus [...]

Wal-Mart To Provide Financial Services In 80 Chinese cities

China Retail News — Wed, 08 Jul 2009 19:30:10 +0000

Wal-Mart has reached a strategic cooperation agreement with the Chinese offline payment provider Lakala to provide financial services to people in 80 cities across China. With the cooperation agreement, Wal-Mart will be able to provide its customers with one-stop daily payment services, including credit card repayment, payment of public utilities, and mobile phone recharging. Ruan Mingjiang, Wal-Mart's [...]

Sector 10, Inc. (SECI.OB) Continues To Grow International Team

QualityStocks — Mon, 29 Jun 2009 17:16:41 +0000

Sector 10, Inc., the emergency response systems company focused on pre-deployment of life-saving resources for building occupants and emergency responders, has made a point of recruiting senior level people with national and international experience in emergency response and preparedness. The approach clearly represents a long-term strategy of building a strong link to key organizations and [...]

Screening for Dividends

Richard Shaw — Sat, 11 Apr 2009 21:04:09 +0000

Equity income is a good choice for conservative investors who need to rely upon their portfolio to provide income to support their lifestyle. Equity income investing tends to involve a trade-off between capital gains potential and current cash flow to the investor. In a depressed market such as the one we are in now, equity income [...]

Blugrass Energy, Inc. (BLUG.OB) is “One to Watch”

QualityStocks — Fri, 27 Feb 2009 15:38:46 +0000

Bluegrass Energy Inc., an oil and gas development and exploration company, is focused on growing through internally generated and developed prospects, participation with industry partners in oil and gas exploration, and in targeted joint ventures. The company’s objective is to identify and then develop oil and gas properties that have low geological risk. The strategy used [...]

Sound Business Management Makes Powell Industries Inc. (POWL) Stand Apart

QualityStocks — Mon, 08 Sep 2008 12:28:54 +0000

This small-capital member of the Electronic Instrumentation & Controls Industry from Houston, TX is simply remarkable. The early-September 2008 stock price is a good 30% above the 52-week low of $31.68. The market capitalization is now over $460 million, and the Price to Earnings Ratio is 23.10. What is special about this? The industry has been [...]

Montana Stocks

Fred Fuld — Thu, 04 Sep 2008 23:35:00 +0000

Ranking 48th in population when compared to the rest of the states, Montana has plenty of room to accommodate tourists and visitors, as well as plenty of natural wonders to show, including Yellowstone National Park and Glacier National Park. Tourism, agriculture, and mining are Montana’s primary source of income. Some interesting facts about Montana:

1. The mining industry contribution to the state economy in 2005 was $2.3 billion.
2. It ranks number 6 in coal production in the United States.
3. Montana currently requires that public utilities companies obtain 5% of its energy from renewable sources, with a goal of 15% by the year 2015.
4. Wind power is of major importance to the state, Montana potential wind power generation ranks it number 5 nationwide.
5. Montana’s main crop is wheat.
6. Montana is rich in gas, oil, and coal.
7. Montana’s gross state product for 2007 was $34,253 million.
8. Copper is becoming increasingly important in Montana due to its rising value.
9. Approximately 8.6% of income goes to State income tax in Montana, well under the average 9.7% nationally.
10. Montana Corporate income tax is based on a flat rate of 6.75% on all corporate income.

The following companies are connected to the state of Montana:

Glacier Bancorp (GBCI) is a holding institution that renders banking services in Montana, Idaho, Wyoming, Utah, and Washington. The stock has a PE of 16, a PEG of 14, and It pays a yield of 2.4%.

Stillwater Mining Co. (SWC) specializes in the mining, and refining of palladium and other metals in Montana. The stock has a PE of 72.

Right Now Technologies (RNOW), delivers software in the U.S., Europe and Asia. The company generated a loss per share of $0.40, but it has a forward PE of 67.

Semitool Inc (SMTL) makes, sells and delivers semiconductor devices. The stock has a PE of 88, and a PEG of 1.70. This is a very low cap stock and should therefore be considered very speculative.

Black Hills Corp. (BKH), although not based in Montana, controls an energy company that delivers energy to customers in Montana, South Dakota, and Wyoming. The stock has a PE of 16, a PEG of 2.04. It pays a yield of 4.1%.

Northwestern Corp. (NWE), although not based in Montana, delivers energy to customers in Montana, South Dakota, and Nebraska. The stock has a PE of 15, and a PEG of 1.49. It pays a yield of 5.2%.

Gastar Exploration, Ltd. (GST), although not based in Montana, explores for and develops coal bed methane property in the Powder River Basin of Montana and Wyoming. They also explore and develop oil and gas properties in North America and Australia. The stock has a forward PE of 42. The stock trades on the American Stock Exchange.

Check out stocks from some other states: Nevadastocks, Idaho stocks, and Colorado stocks.

Did you know that the most expensive house in the world is being built in Montana?

Author does not own any of the above mentioned stocks.

By Stockerblog.com