PPL Corporation’s (PPL Quick QuotePPL ) subsidiary PPL Electric Utilities announced that it has reached an agreement to reduce the transmission rates and lower customer bills. If approved by the Federal Energy Regulatory Commission, the savings and refunds will be effective Dec 1, 2021.
Per this arrangement, base return on equity for the utility’s electric transmission formula rate will be reduced from 11.18% to 9.9%. This will save $1.54 for residential customers and $2.15 for business customers on a monthly basis for a one-year period. The transmission rate is a component of the supply charge listed on customer bills and PPL Electric passes those savings directly to its customers.
Long-Term Goals & Emission Reduction
PPL Corporation tries to strengthen its infrastructure for providing continuous supply to customers and keeping the bills at a reasonable level. For the same, the utility makes investments to focus on infrastructure-construction projects for generation, transmission and distribution.
Courtesy of the ongoing investments for strengthening its infrastructure, customers are experiencing far less outages. The company aims to cut outages further on the back of the ongoing investments. It will continue making investments to strengthen grid, electricity and gas distribution plus electricity transmission, expand renewable generation capacity and focus on new technology to serve customers more efficiently.
The company also makes efforts to meet the carbon-emission reduction target. It updated its mission to curb carbon emission by 70% within 2035 instead of 2040 and 80% by 2040 instead of 2050 through the introduction of carbon capture technology and addition of more renewable sources to its generation portfolio. Further, it aims to become carbon neutral by 2050. As of 2020, it achieved nearly 60% emission cut from the 2010 levels.
Other utilities like Xcel Energy (XEL Quick QuoteXEL ) , Duke Energy (DUK Quick QuoteDUK ) , DTE Energy (DTE! Quick QuoteDTE ) , all have plans in place to achieve net-zero emissions within 2050.
Top 5 Energy Stocks To Invest In Right Now: Noble Energy Inc.(NBL)
Noble Energy, Inc., incorporated on December 29, 1969, is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. The Company operates in approximately seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean. The Company’s sanctioned projects include DJ Basin (onshore United States), Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), Gunflint (deepwater Gulf of Mexico) and Tamar Southwest (offshore Israel). Its operations are grouped into approximately four components that are all primarily in the business of crude oil, natural gas and NGL exploration, development, production and acquisition: the United States; West Africa (Equatorial Guinea, Cameroon and Gabon); Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Other International includes the Falkland Islands, Suriname, the North Sea and China, and new ventures. Its proved reserves are approximately 1,420 million barrels oil equivalent.
The Company searches for crude oil and natural gas properties onshore and offshore, and seeks to acquire exploration rights and conduct exploration activities in various areas of interest. The Company’s properties consist primarily of interests in developed and undeveloped crude oil and natural gas leases and concessions. The Company also owns natural gas processing plants and natural gas gathering systems and other crude oil and natural gas-related pipeline systems. These assets are primarily used in the processing and ! transportation of its crude oil, natural gas and NGL production. The Company conducts exploration activities in domestic and international locations, including the deepwater Gulf of Mexico, offshore West Africa and offshore the Falkland Islands.
The Company’s assets in the United States include DJ Basin, Marcellus Shale, Eagle Ford Shale, Deepwater Gulf of Mexico and Other Onshore US. DJ Basin is a United States crude oil resource play. DJ Basin covers an area of approximately 396,000 net acres. The Marcellus Shale contains natural gas resources. The Company has a 50-50 joint development agreement with CONSOL Energy Inc. (CONSOL) in approximately 700,000 gross acres in southwest Pennsylvania and northwest West Virginia. The Company operates the wet gas (natural gas containing more liquid hydrocarbons) development area in Majorsville, West Virginia and Southwest Pennsylvania, and Moundsville, Shirley and Oxford, West Virginia, while CONSOL primarily operates in the dry gas (natural gas containing less liquid hydrocarbons) development area. The Company and CONSOL also operate CONE Gathering LLC (CONE Gathering), which constructs, owns and operates midstream infrastructure servicing its joint production and is the general partner controlling interest in CONE Midstream Partners. It also operates Eagle Ford Shale and Permian Basin. The Company operates in various onshore United States areas, including Rocky Mountains and Bowdoin (north central Montana). The Company holds leases on approximately 100 deepwater Gulf of Mexico blocks, representing approximately 39,000 net developed acres and approximately 329,000 net undeveloped acres.
West Africa (Equatorial Guinea, Cameroon and Gabon)
The Company’s onshore West Africa is one of the core operating areas and includes the Alba field, Block O and Block I offshore Equatorial Guinea, the YoYo mining concession and Tilapia PSC, offshore Cameroon and one block offshore Gabon. The Company holds approxima! tely 118,! 000 net developed acres and over 30,000 net undeveloped acres in Equatorial Guinea, over 511,000 net undeveloped acres in Cameroon and approximately 403,000 net undeveloped acres in Gabon. Aseng is a crude oil field on Block I, offshore Equatorial Guinea and includes over five horizontal wells. Alen is a natural gas and condensate field primarily on Block O, offshore Equatorial Guinea, which includes approximately three horizontal wells and over three natural gas injection wells connected to a production platform that utilizes the Aseng FPSO for storage and offloading. The Company has over 34% non-operated working interest in the Alba field, offshore Equatorial Guinea. Its operations include the Alba field and related production and condensate storage facilities, a liquefied petroleum gas (LPG) processing plant where additional condensate is extracted along with LPGs, and a methanol plant capable of producing approximately 3,100 gross metric tons per day. The Company has an interest in over one million gross undeveloped acres offshore Cameroon, which include the YoYo mining concession and Tilapia PSC. The West Africa natural gas project includes the 2007 Yolanda discovery (Block I) and 2008 Felicita discovery (Block O), offshore Equatorial Guinea, and the YoYo discovery, offshore Cameroon, and associated natural gas from Aseng and Alen, offshore Equatorial Guinea. The Company operates Block F15, an undeveloped, ultra-deep water area, covering approximately 671,000 gross acres.
Eastern Mediterranean (Israel and Cyprus)
The Company’s leasehold position in the Eastern Mediterranean includes approximately eight leases and three licenses operated offshore Israel and over one license operated offshore Cyprus. It holds approximately 80,000 net developed acres and over 261,000 net undeveloped acres located between 10 and 90 miles offshore Israel in water depths ranging from 700 feet to 6,500 feet. The license offshore Cyprus covers approximately 464,000 net undeveloped acres adjacent t! o its Isr! ael acreage.
Other International includes the Falkland Islands, Suriname and new ventures. It has no proved reserves.
- [By Motley Fool Transcribers]
Noble Energy Inc (NYSE:NBL)Q42018 Earnings Conference CallFeb. 19, 2019, 9:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Reuben Gregg Brewer]
The shares of China Petroleum & Chemical (NYSE:SNP), also known as Sinopec, rose 18% in January, according to data provided by S&P Global Market Intelligence. Not far behind were Canadian oil companies Vermilion Energy(NYSE:VET), with a global asset portfolio, and Suncor Energy (NYSE:SU), a Canadian oil sands specialist, with gains of 16% and 15%, respectively. U.S. based Noble Energy(NYSE:NBL), however, led this international quartet with a 19% leap. Noble’s portfolio is global, but it has a material position in the U.S. onshore drilling space.
- [By Matthew DiLallo]
Noble Midstream (NYSE:NBLX) has a bold plan to grow its already impressive 7.4%-yielding distribution to investors by 20% per year all the way through 2022, which is one of the fastest rates in the midstream sector. Driving that growth would be the expansion of the company’s oil and gas gathering system to support the anticipated increase in production from customers like its parent, Noble Energy (NYSE:NBL).
- [By Matthew DiLallo]
Fueling that forecast is the company’s ability to expand its midstream footprint to support the growth of its customers, including its parent Noble Energy (NYSE:NBL). The company operates several gathering systems in both the Permian Basin and DJ Basin that it expects to continue expanding as customers drill more wells.
Top 5 Energy Stocks To Invest In Right Now: Williams Partners L.P.(WPZ)
Williams Partners L.P. focuses on natural gas transportation, gathering, treating and processing, storage, natural gas liquid fractionation, and oil transportation activities in the United States. The company operates in two segments, Gas Pipeline, and Midstream Gas and Liquids. The Gas Pipeline segment owns and operates approximately 13,900 miles of pipelines with annual throughput of approximately 2,700 trillion British thermal units of natural gas and delivery capacity of approximately 13 million dekatherms of gas. This segment also owns interests in joint venture interstate and intrastate natural gas pipeline systems. The Midstream Gas and Liquids segment includes natural gas gathering, processing, and treating facilities; and crude oil gathering and transportation facilities that serve the producing basins in Colorado, New Mexico, Wyoming, the Gulf of Mexico, and Pennsylvania. Williams Partners GP LLC serves as the general partner of the company. Williams Partners L.P . was founded in 2005 and is based in Tulsa, Oklahoma.
- [By Tyler Crowe, Jason Hall, and Matthew DiLallo]
Matt DiLallo(Williams Companies): This natural gas pipeline giant has had a slow start in 2018. Through the first half of the year, cash flow at the company’s MLP Williams Partners (NYSE:WPZ) has only increased by about 2%, due mainly to recent asset sales. However, with a major expansion project coming on line, cash flow growth should accelerate in the second half of the year. That project and others in the pipeline have the company on track to grow cash flow 9% in 2018 and another 13% next year.
- [By Matthew DiLallo]
Overall, earnings at both Williams and its MLP Williams Partners (NYSE:WPZ) were down slightly versus the year-ago period due to asset sales, while cash flow modestly increased thanks to lower interest expenses.
- [By Maxx Chatsko]
Simpler organizational structures could yield significant benefits for individual investors. In addition to being easier to follow and understand, it will make it easier than ever to own some of the most important pieces of energy infrastructure in the United States. The proposed merger between Williams Companies (NYSE:WMB) and Williams Partners LP (NYSE:WPZ) is a great example, as it owns some of the best natural gas infrastructure in the United States. Here’s why investors should be bullish on the multi-billion dollar merger.
- [By Matthew DiLallo]
Natural gas pipeline giant Williams Companies (NYSE:WMB) and its MLP Williams Partners (NYSE:WPZ) reported mixed second-quarter results after the close Wednesday. Earnings declined fractionally due to asset sales and some higher costs. Cash flow, on the other hand, moved slightly higher thanks in part to lower interest expenses as a result of debt reduction. However, while both numbers underwhelmed in Q2, they should head much higher in the coming year because Williams has several expansion projects under way that should boost its bottom line.
Top 5 Energy Stocks To Invest In Right Now: BHP Billiton plc(BBL)
BHP Billiton Plc, together with its subsidiaries, operates as a resources company that discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas; development of potash; mining of metallurgical coal, thermal coal, copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ore. It is also involved in the exploration, development, and production of hydrocarbons; and provision of freight, administrative, and logistics services. BHP Billiton Plc sells its copper and zinc concentrates to smelters; copper cathodes to wire rod and brass mills, and casting plants; uranium oxide to electricity generating utilities; metallurgical coal to steel producers; and energy coal to electricity generation industry. The company was formerly known as Billiton Plc. The company was incorporated in 1996 and is based in London, the United Kingdom. BHP Billiton Plc is a subsidiary of BHP Billiton Group.
- [By Max Byerly]
Shares of BHP Billiton plc (NYSE:BBL) gapped down before the market opened on Thursday . The stock had previously closed at $43.47, but opened at $43.83. BHP Billiton shares last traded at $44.17, with a volume of 117112 shares.
- [By Matthew DiLallo]
BHP Billiton (NYSE:BBL) (NYSE:BHP) enjoyed a strong first half of the year, according to data provided by S&P Global Market Intelligence, as sharesrose 11.5%. Those gains cameeven though the prices of some of the commodities it produces dipped.
Top 5 Energy Stocks To Invest In Right Now: Tengasco, Inc.(TGC)
Tengasco, Inc., incorporated on April 18, 2011, is engaged in the business of exploration for and production of oil and natural gas. The Company’s area of oil exploration and production is in Kansas. The Company’s subsidiary, Manufactured Methane Corporation (MMC) operates treatment and delivery facilities in Church Hill, Tennessee, for the extraction of methane gas from a landfill for eventual sale as natural gas and for the generation of electricity. The principal markets for the Company’s crude oil are local refining companies. The Company holds a working interest in over 210 gross wells.
The Company’s operated properties in Kansas are located in central Kansas and include approximately 180 producing oil wells, approximately 30 shut-in wells and approximately 40 active disposal wells (the Kansas Properties). The Company maintains a working interest in most of its wells and undrilled acreage in Kansas. The terms for most of the Company’s leases in Kansas range from 3 to 5 years. The Company’s gross oil production in Kansas is approximately 160 thousand barrels (MBbl). Its technologies include three-dimensional (3D) seismic imaging utilizing microseismic interpretation for drilling wells. It has approximately 27,000 gross acres under lease containing approximately 14,200 gross acres held by production (HBP) and approximately 12,800 gross acres not HBP in various stages of development.
- [By Logan Wallace]
Tigercoin (CURRENCY:TGC) traded flat against the dollar during the 24-hour period ending at 18:00 PM ET on October 5th. Tigercoin has a market cap of $103,538.00 and approximately $3.00 worth of Tigercoin was traded on exchanges in the last 24 hours. One Tigercoin coin can now be purchased for about $0.0024 or 0.00000036 BTC on major exchanges. Over the last week, Tigercoin has traded 12.4% lower against the dollar.
- [By Stephan Byrd]
Tigercoin (CURRENCY:TGC) traded down 3.5% against the dollar during the 24 hour period ending at 7:00 AM E.T. on August 23rd. During the last seven days, Tigercoin has traded 8.4% lower against the dollar. Tigercoin has a total market capitalization of $98,130.00 and approximately $0.00 worth of Tigercoin was traded on exchanges in the last 24 hours. One Tigercoin coin can now be purchased for about $0.0023 or 0.00000035 BTC on popular exchanges.
- [By Logan Wallace]
Tigercoin (TGC) is a proof-of-work (PoW) coin that uses the SHA256 hashing algorithm. It launched on September 6th, 2013. Tigercoin’s total supply is 43,536,800 coins. The official website for Tigercoin is tigercoin.wordpress.com. Tigercoin’s official Twitter account is @TigerCoin.
Top 5 Energy Stocks To Invest In Right Now: MGE Energy Inc.(MGEE)
Regulated electric utility operations – generating, purchasing, and distributing electricity through MGE.
Regulated gas utility operations – purchasing and distributing natural gas through MGE.
Nonregulated energy operations – owning and leasing electric generating capacity that assists MGE through MGE Energy’s wholly owned subsidiaries MGE Power Elm Road and MGE Power West Campus.
Transmission investments – representing our investment in American Transmission Company LLC, a company engaged in the business of providing electric transmission services primarily in Wisconsin.
All other – investing in companies and property that relate to the regulated operations and financing the regulated operations, through its wholly owned subsidiaries CWDC, MAGAEL, MGE State Energy Services, NGV Fueling Services, and Corporate functions. Advisors’ Opinion:
- [By Reuben Gregg Brewer]
Utility stocks are generally considered conservative investments that reward shareholders over the long term with sizable dividends that grow slowly and steadily over time. With the S&P 500 Index’s yield hovering around 2%, the bar for yield is set pretty low today. That said, investors should think twice before jumping at utilities like UGI Corporation (NYSE:UGI), Atmos Energy Corporation (NYSE:ATO), and MGE Energy, Inc. (NASDAQ:MGEE), which offer little if any yield advantage over an S&P 500 Index fund.
- [By Max Byerly]
MGE Energy (NASDAQ:MGEE) was upgraded by analysts at BidaskClub from a buy rating to a strong-buy rating.
Minerva Neurosciences (NASDAQ:NERV) was upgraded by analysts at BidaskClub from a hold rating to a buy rating.
- [By Ethan Ryder]
BidaskClub downgraded shares of MGE Energy (NASDAQ:MGEE) from a hold rating to a sell rating in a report issued on Friday.
Separately, ValuEngine cut shares of MGE Energy from a hold rating to a sell rating in a report on Wednesday, June 6th.
- [By Joseph Griffin]
Danielson (NYSE: CVA) and MGE Energy (NASDAQ:MGEE) are both oils/energy companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, earnings, dividends, profitability, analyst recommendations, valuation and risk.