Generation, merger issues loom large in earnings reports

In the next several weeks, publicly-traded power companies will reveal their quarterly earnings and corporate CEOs will weigh in on everything from progress on new generating units to important court cases to how renewable energy credits will fare after the election.

Here are some of the upcoming calls worth keeping an eye on – and a few issues that might come up. All times listed are Eastern. This is not a comprehensive list.

** American Electric Power (NYSE: AEP) has scheduled its conference call for 9 a.m. on Oct. 24. AEP is investing big in retrofitting many coal plants while retiring others.

** NextEra Energy (NYSE: NEE) will hold its call Oct. 24 at 9 a.m. The company’s Florida utility is building a lot of new gas-fired generation while NextEra continues to grow its renewable footprint.

** DTE Energy (NYSE: DTE) holds its earnings call Oct. 24 at 9 a.m. The company recently issued an RFP to buy one or more large solar photovoltaic installations.

** Dominion (NYSE: D) is scheduled Oct. 25 at 10 a.m. Expect an update on Dominion’s natural gas plant development in Virginia.

** Xcel Energy (NYSE: XEL) will hold its call at 10 a.m. on Oct. 25. The company has been making progress on coal plant emission controls.

** TransAlta (TSX: TA) will discuss earnings Oct. 26 at 11 a.m. The Calgary-based company recently completed the purchase of a power plant in Western Australia.

Entergy (NYSE: ETR) will hold its conference call at 11 a.m. on Oct. 30. Chairman and CEO Wayne Leonard will retire on Jan. 31, 2013; Executive Vice President and CFO Leo Denault will assume both leadership posts.

** NRG Energy (NYSE: NRG) holds its earnings call Oct. 31 at 9 a.m. NRG is preparing to merge with another independent power producer, GenOn (NYSE: GEN). Stockholders for both companies can vote on the combination during special meetings on Nov. 9.

Exelon (NYSE: EXC) conference call will be Oct. 31 at 11 a.m. Chicago-based company recently combined with Constellation Energy.

** Southern (NYSE: SO) call will be Oct. 31 at 1 p.m. Expect Southern to update the status of new nuclear power plant being developed in Georgia and the new coal gasification plant being built in Mississippi.

** El Paso Electric (NYSE: EE) quarterly holds its earnings call on Nov. 1 at 10:30 a.m. The company’s total 2012 energy resources are more than 1,900 MW, including wind and solar.

** Public Service Enterprise Group (NYSE: PEG) will hold its call at 11 a.m. on Nov. 1. PSEG recently began construction of 15-MW solar project in Delaware.

** Edison International (NYSE: EIX) will hold its call Nov. 1 at 5 p.m. Plans for restarting Unit 2 of the San Onofre nuclear plant in California are sure to be discussed.

** Pinnacle West Capital (NYSE: PNW) has set its conference call for noon Eastern on Nov. 2. The company is purchasing an increased interest in the Four Corners coal-fired power plant in New Mexico.

** NV Energy (NYSE: NVE) conference call will be held Nov. 2 at 10 a.m. The company is looking at better transmission link to California ISO market.

** AES (NYSE: AES) will hold its call Nov. 7 at 10 a.m. AES named a new CFO in August.

** Duke Energy (NYSE: DUK) call will be Nov. 8 at 10 a.m. Following the Progress Energy merger, Duke is considering Crystal River 3 nuclear plant in Florida.

** FirstEnergy (NYSE: FE) call is set for Nov. 8 at 1 p.m. The company recently announced management changes at its Davis-Besse and Beaver Valley nuclear plants in Ohio and Pennsylvania.

** Portland General Electric (NYSE: POR ) will conduct its call 11 a.m. on Nov. 8. The company has an RFP out for renewable energy resources to serve Oregon.

 

 

 

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.