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Maine & Maritimes Corporation ( MAM ) |
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Utilities
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Written by Editor
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Friday, 12 March 2010 11:47 |
Emera to Acquire Maine & Maritimes Corporation
Maine & Maritimes Corporation (NYSE Amex: MAM) and Emera Inc. announced today that MAM has entered into a merger agreement with BHE Holdings Inc. of Bangor, ME (BHE), a subsidiary of Emera Inc. (EMA: TSX). Under the terms of the agreement, all outstanding shares of MAM common stock will be purchased for US$45.00 per share in cash, representing over a 40 percent premium based on MAM's closing share price on Thursday, March 11, 2010, the last trading day prior to the announcement of the proposed merger and MAM will become a wholly owned subsidiary of Emera.
The transaction has been approved by the MAM Board of Directors, and is expected to close later this year, subject to approval by MAM's shareholders and certain regulatory approvals, including the Maine Public Utilities Commission and the Federal Energy Regulatory Commission, as well as other customary closing conditions. Regulatory approvals are estimated to take 6-8 months. MAM shareholders will receive proxy materials soliciting their approval for the transaction.
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A-Power Energy Generation Systems ( APWR ) |
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Utilities
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Written by Editor
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Thursday, 09 April 2009 10:55 |
A-Power Energy Generation Systems Ltd. Reports $10.0 Million in Net Income for the Fourth Quarter of 2008
A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or "the Company"), a leading provider of distributed power generation ("DG") systems in China and a fast-growing manufacturer of wind turbines, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2008.
Financial Highlights 4Q08 vs. 4Q07:
-- Revenues rose 93.5% to $81.4 million, Gross margin was 17.8% vs. 11.2%, Net income rose 197.8% to $10.0 million, Diluted EPS was $0.30 vs. $0.25 (4Q08 fully diluted shares were, 33.1 million vs. 13.7 million in 4Q07)
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Enbridge Gas Distribution ( ENB ) |
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Utilities
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Written by Editor
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Monday, 16 March 2009 08:49 |
Enbridge Gas Distribution Adjusts Prices
Enbridge Gas Distribution (TSX:ENB) (NYSE:ENB), a regulated utility, announced today that it has received approval from the Ontario Energy Board (OEB) for its April 1, 2009 rates. The changes are primarily due to a decrease in North American natural gas prices and the implementation of Enbridge Gas Distribution's 2009 rates.
For typical residential customers(i) who buy their gas supply from Enbridge Gas Distribution, the changes will result in a decrease of about $230 annually. There is also a Gas Cost Adjustment Refund of about $100 during the next nine months for typical residential customers who buy their natural gas from Enbridge Gas Distribution.
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TransAlta Corporation ( TA / TAC ) |
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Utilities
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Written by Editor
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Thursday, 29 January 2009 12:53 |
TransAlta achieves record cash flow and double digit comparable earnings per share growth for the year
- 2008 comparable(i) earnings per share increased 11 per cent to $1.46 versus $1.31 in 2007 - Cash flow from operations was over $1 billion for the year - Balance sheet remains strong; $1.4 billion in available liquidity - Fully commissioned the 96 megawatt (MW) Kent Hills Wind Farm on time and on budget - Announces two efficiency uprates at its Keephills facility for a total capacity addition of 46 MW
TransAlta Corporation (TransAlta) (TSX: TA) (NYSE: TAC) today reported 2008 comparable earnings of $290 million ($1.46 per share) versus $264 million ($1.31 per share) in 2007. Net earnings for the year were $235 million ($1.18 per share) compared to $309 million ($1.53 per share) in 2007.
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MarkWest Energy Partners LP ( MWE ) |
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Utilities
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Written by Editor
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Tuesday, 27 January 2009 12:00 |
MarkWest Energy Partners Announces Quarterly Cash Distribution and Increases Liquidity by $285 Million
MarkWest Energy Partners, L.P. (NYSE: MWE) today announced that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.64 per common unit for the fourth quarter of 2008 and approved measures to strengthen and improve the Partnership’s liquidity position by $285 million.
The fourth quarter 2008 distribution of $0.64 represents an increase of $0.07 per common unit, or 12 percent, compared to the fourth quarter 2007 distribution and is unchanged from the third quarter 2008 distribution.
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