From the Editor: You're receiving special access to Private Briefing today because Bill has found a must-see chart we want to share with everyone, given what's happening (or not happening) in D.C. He also reminds his readers to invest in the American firm "flying" above all this nonsense. The story begins in Bill's living room, of all places, back in 1966...
When the Batman TV series debuted in 1966, my family was no different than most other American households - and quickly grew to like the campy-but-cool action/comedy.
My folks bought me toy Batmobiles - including one that pulled the "Bat Boat" on a trailer. And my Dad - always looking for ways to spend time with his son (something that continues to this day) - brought home model kits of the crime-fighting duo's sleek black hotrod, and even an exciting looking "Batplane."
And the program episodes themselves - with their tongue-in-cheek humor and "special guest villains" - were an absolute hoot. The cliff-hanger structure used in many of the episodes is something I remember to this day: I would watch, enrapt, as the "Dynamic Duo" of Batman and Robin fell into the clutches of such evildoers as The Riddler, Catwoman, and The Joker, who would capitalize on their temporary advantage to taunt the "caped crusaders."
Hot Asian Stocks To Buy Right Now: Shionogi & Co Ltd (SGIOF.PK)
Shionogi & Co., Ltd. is a Japan-based pharmaceutical company. It is engaged in the research, development, purchase, manufacture and sale of pharmaceuticals, as well as pharmaceutical-related businesses. The Company mainly provides vitamin preparations, analgesic antipyretics, eye care products, cold and sinus medicine, digestive medicine, dermatologic preparations, antiphlogistic analgetics, antihypercholesterolemic agents, test paper for glucose in urine and artificial teeth-related products. As of March 31, 2013, the Company had 32 consolidated subsidiaries and six associated companies. Advisors' Opinion:- [By Jason Melehani]
ViiV Healthcare, a collaborative HIV focused venture established by GlaxoSmithKline (GSK), Pfizer (PFE) and Shionogi & Co (SGIOF.PK), is seeking approval from the FDA and the European Union for dolutegravir, an integrase inhibitor used for the treatment of HIV. Integrase inhibitors act by preventing the reverse transcribed viral DNA from integrating into the human T cell DNA.
Best Integrated Utility Companies To Invest In Right Now: Texas Rare Earth Resources Corp (TRER.PK)
Texas Rare Earth Resources Corp., formerly Standard Silver Corporation, incorporated on July 29, 1970. a mining company engaged in the business of the acquisition and development of mineral properties. As of August 31, 2012, it held a nineteen year lease to explore and develop a 950 acre rare earth uranium-beryllium prospect located in Hudspeth County, Texas known as Round Top and prospecting permits covering an adjacent 9,345 acres.
The Company�� principal focus will be on developing a metallurgical process to concentrate or otherwise extract the metals from the Round Top rhyolite. In addition to the Round Top Project, the Company also own title to 12 unpatented mining claims, the Macho group, comprising 240 acres covering the Old Dude Mine, located in Sierra County, New Mexico. Another 18 unpatented mining claims and fractional claims, the HA group, consisting 274 acres cover an andesite hosted vein system similar to and some 10 miles to the southwest of the Macho District.
Advisors' Opinion:- [By Jake Mitchell]
As a speculative play on the industry, I came across Texas Rare Earth Resources (TRER.PK), which is principally focused on its 950 acre Round Top project. A Preliminary Economic Assessment by an independent third party found that there are an estimated over 1 billion metric tonnes of resources containing over 1 billion pounds of rare earth elements. A revised PEA, which was originally projected to have a capital cost of $2.1 billion is now estimated to be between $150 million to $350 million. A key concern in the exploration of these mines is how expensive it is to ultimately extract the rare earths from the ground. If Texas Rare Earth is able to show evidence that cost has been significantly reduced it will be the target of interested parties globally.
Best Integrated Utility Companies To Invest In Right Now: Natural Resource Partners LP (NRP)
Natural Resource Partners L.P. is a limited partnership. The Company is engaged principally in the business of owning, managing and leasing mineral properties in the United States. It owns coal reserves in the three United States coal-producing regions: Appalachia, the Illinois Basin and the Western United States, as well as lignite reserves in the Gulf Coast region. The Company is engaged in the ownership and leasing of mineral properties and related transportation and processing infrastructure. As of December 31, 2011, the Company owned or controlled approximately 2.3 billion tons of proven and probable coal reserves and it also owned approximately 380 million tons of aggregate reserves in a number of states across the country. During the year ended December 31, 2011, its lessees produced 49.2 million tons of coal from its properties. In addition, the Company�� lessees produced 49.2 million tons of coal from its properties. The Company�� operations are conducted through, and its operating assets are owned by, its subsidiaries. The Company owns its subsidiaries through a wholly owned operating company, NRP (Operating) LLC. NRP (GP) LP, which is its general partner, which conducts its business and manages its operations. Because its general partner is a limited partnership, its general partner, GP Natural Resource Partners LLC, conducts its business and operations. Robertson Coal Management LLC owns all of the membership interest in GP Natural Resource Partners LLC. In addition to its preparation plants, the Company owns coal handling and transportation infrastructure in West Virginia, Ohio and Illinois. In February 2011, it acquired approximately 500 acres of mineral and surface rights related to limestone reserves on the Tennessee River near Paducah, Kentucky. In March 2011, it acquired approximately 500 acres of mineral and surface rights related to limestone reserves in Cleveland, Tennessee near Chattanooga. In July 2011, it acquired approximately 44,000 acres of coal reserves and coal bed met! hane located in Pennsylvania and Illinois. In February 2012, the Company acquired coal reserves at the Deer Run mine near Hillsboro, Illinois and approximately 9,500 net mineral acres located in the Mississippian Lime oil play in Northern Oklahoma. In March 2012, the Company acquired the rail loadout, associated infrastructure assets and a contractual overriding royalty interest on certain tonnage at the Sugar Camp mine near Benton, Illinois. In May 2012, the Company completed the acquisition of approximately 19,200 net mineral acres in the Mississippian Lime oil play in North Central Oklahoma.
Northern Appalachia
The Beaver Creek property is located in Grant and Tucker Counties, West Virginia. During 2011, 2.4million tons were produced from this property. The Company leases this property to Mettiki Coal, LLC, which is a subsidiary of Alliance Resource Partners L.P. Coal is produced from an underground longwall mine. It is transported by truck to a preparation plant operated by the lessee. Coal is shipped primarily by truck to the Mount Storm power plant of Dominion Power and to various export customers. During 2011, 366,000 tons were produced from Allegany County. The Company leases this property to Vindex Energy, a subsidiary of Arch Coal. Coal from this property is produced from a surface mine. The raw coal is trucked to the Warrior plant of Allegheny Energy. During 2011, 283,000 tons were produced from Area F property. It leases this property to Carter Roag, a subsidiary of Metinvest. Coal from this property is produced from an underground mine. The raw coal is trucked to a preparation plant operated by the lessee. Coal is shipped via rail to domestic metallurgical customers and exported for use by Metinvest.
Central Appalachia
The VICC/Alpha property is located in Wise, Dickenson, Russell and Buchanan Counties, Virginia. During 2011, 4.9 million tons were produced from this property. It primarily leases this property to a subsidiary of Alpha Natu! ral Resou! rces. Production comes from both underground and surface mines and is trucked to one of four preparation plants. Coal is shipped through both the CSX and Norfolk Southern railroads to utility and metallurgical customers. Customers include American Electric Power, Southern Company, Tennessee Valley Authority, VEPCO and the United States Steel and to various export metallurgical customers. The Lynch property is located in Harlan and Letcher Counties, Kentucky. During 2011, 4.8 million tons were produced from this property. The Company primarily leases the property to a subsidiary of Massey Energy. Production comes from both underground and surface mines. Coal is transported by truck to a preparation plant on the property and is shipped primarily on the CSX railroad to utility customers, such as Georgia Power and Orlando Utilities.
The Dingess-Rum property is located in Logan, Clay and Nicholas Counties, West Virginia. This property is leased to subsidiaries of Massey Energy and Patriot Coal. During 2011, 2.8 million tons were produced from the property. Coal is shipped through the CSX railroad to steam customers, such as American Electric Power, Dayton Power and Light, Detroit Edison and to various export metallurgical customers.
The VICC/Kentucky Land property is located primarily in Perry, Leslie and Pike Counties, Kentucky. During 2011, 2.5 million tons were produced from this property. Coal is produced from a number of lessees from both underground and surface mines. Coal is shipped primarily by truck but also on the CSX and Norfolk Southern railroads to customers, such as Southern Company, Tennessee Valley Authority and American Electric Power. The Lone Mountain property is located in Harlan County, Kentucky. During 2011, 2.1 million tons were produced from this property. The Company leases the property to a subsidiary of Arch Coal, Inc. Production comes from underground mines and is transported primarily by beltline to a preparation plant on adjacent property and shipped o! n the Nor! folk Southern or CSX railroads to utility customers, such as Georgia Power and the Tennessee Valley Authority.
The D.D. Shepard property is located in Boone County, West Virginia. This property is primarily leased to a subsidiary of Patriot Coal Corp. During 2011, two million tons were produced from the property. Both steam and metallurgical coal are produced by the lessees from underground and surface mines. Coal is transported from the mines through belt or truck to preparation plants on the property. Coal is shipped through the CSX railroad to various domestic and export metallurgical customers. The Pardee property is located in Letcher County, Kentucky and Wise County Virginia. During 2011, 1.8 million tons were produced from this property. It leases the property to a subsidiary of Arch Coal, Inc. Production comes from underground and surface mines and is transported by truck or beltline to a preparation plant on the property and shipped primarily on the Norfolk Southern railroad to utility customers, such as Georgia Power and the Tennessee Valley Authority and domestic, and export metallurgical customers, such as Algoma Steel and Arcelor.
The Kingston property is located in Fayette and Raleigh Counties, West Virginia. This property is leased to a subsidiary of Alpha Natural Resources. During 2011, 1.5 million tons were produced from the property. Both steam and metallurgical coal are produced from underground and surface mines and has been historically transported by belt or truck to a preparation plant on the property or shipped raw. Coal is shipped via both the CSX railroad and by truck to barges to steam customers and various export metallurgical customers.
Southern Appalachia
The BLC properties are located in Kentucky and Tennessee. During 2011, 1.2 million tons were produced from these properties. The Company leases these properties to a number of operators, including Appolo Fuels Inc., Bell County Coal Corporation and Kopper-Glo Fuels. Prod! uction co! mes from both underground and surface mines and is trucked to preparation plants and loading facilities operated by its lessees. Coal is transported by truck and is shipped through both CSX and Norfolk Southern railroads to utility and industrial customers. Customers include Southern Company, South Carolina Electric & Gas, and numerous medium and small industrial customers. The Oak Grove property is located in Jefferson County, Alabama. During 2011, 470,000 tons were produced from this property. The Company leases the property to a subsidiary of Cliffs Natural Resources, Inc. Production comes from an underground mine and is transported primarily by beltline to a preparation plant. The metallurgical coal is then shipped through railroad and barge to both domestic and export customers.
Illinois Basin
The Williamson property is located in Franklin and Williamson Counties, Illinois. The property is under lease to an affiliate of the Cline Group. During 2011, 6.8 million tons were mined on the property. This production is from a longwall mine. Production is shipped primarily through CN railroad to customers, such as Duke and to various export customers. The Macoupin property is located in Macoupin County, Illinois. The property is under lease to an affiliate of the Cline Group. During 2011, 1.8 tons were shipped from the property. Production is from an underground mine and is shipped through the Norfolk Southern or Union Pacific railroads or by barge to customers, such as Western KY Energy and other midwest utilities or loaded into barges for shipment to export customers. The Sato property is located in Jackson County, Illinois. During 2011, 363,000 tons were produced from the property. The property is under lease to Knight Hawk Coal LLC, an independent coal producer. As of December 31, 2011, production was from a surface mine, and coal was shipped by truck and railroad to various midwest and southeast utilities.
Northern Powder River Basin
The Western Ener! gy proper! ty is located in Rosebud and Treasure Counties, Montana. During 2011, 2.7 million tons were produced from the Company�� property. A subsidiary of Westmoreland Coal Company has two coal leases on the property. Coal is produced by surface dragline mining, and the coal is transported by either truck or beltline to the four-unit 2,200-megawatt Colstrip generation station located at the mine mouth and by the Burlington Northern Santa Fe railroad to Minnesota Power. A small amount of coal is transported by truck to other customers.
BRP Properties
As of December 31, 2011, BRP had acquired, in several stages, approximately 8.8 million mineral acres in 29 states from International Paper. As of December 31, 2011, BRP held 78 revenue generating leases. BRP�� assets include approximately 300,000 gross acres of oil and gas mineral rights in Louisiana, of which over 72,000 acres were under lease, as of December 31, 2011. In addition, BRP holds a gross production royalty interest on approximately 23,000 mineral acres under lease in Louisiana. The remaining oil and gas mineral acreage in Louisiana is not leased. As of December 31, 2011, BRP owned nearly 246,000 gross mineral acres of primarily lignite coal rights in the Gulf Coast region, of which approximately 5,000 acres are leased under three separate leases in Louisiana and Alabama. In addition to the coal rights, BRP held aggregate reserves, including limestone, granite, clay, and sand and gravel reserves, under lease in six states. As of December 31, 2011, other mineral rights held by BRP included coalbed methane rights in four Gulf Coast states, metals rights in three states, approximately 450,000 acres of water rights in East Texas, geothermal rights and royalty interests in the Gulf Coast and Pacific Northwest and carbon sequestration rights primarily in the Gulf Coast region.
Advisors' Opinion:- [By Tyler Crowe]
In the energy world, it's never much of a surprise when an oil company picks up natural gas assets or vice versa. But a coal company getting into the oil business? Now that's a rarity. This week, Natural Resources Partners (NYSE: NRP ) �did just that. The company announced that it's taking a working interest in some of Abraxas Petroleums (NASDAQ: AXAS ) assets in the Bakken. While the $35 million purchase was not that large, it's a rare case where a coal company branches out into other natural resources.�
- [By Rich Duprey]
With steam coal prices continuing to be weak due to the inroads made by natural gas, Natural Resource Partners (NYSE: NRP ) has decided if you can't beat 'em, join 'em. It announced Monday it is buying producing�oil and gas�properties located in the Williston Basin of North Dakota and Montana from�Abraxas Petroleum (NASDAQ: AXAS ) for $35.3 million in cash.
Best Integrated Utility Companies To Invest In Right Now: Bank of Ireland (BKIR)
Bank of Ireland and its subsidiaries provide a range of banking and other financial services. The Company operates in five segments: Retail Ireland, Bank of Ireland Life, Retail UK, Corporate and Treasury and Group Centre. Group Centre includes capital management activities, unallocated Group support costs and the cost of the Credit Institutions. Retail Ireland distributes a range of financial products and services through the Bank�� branch operations in the Republic of Ireland and through its direct channels. The Company operates in the life and pensions market in Ireland through its wholly owned subsidiary New Ireland Assurance Company plc (NAIC).Retail UK consists of Business Banking in Great Britain and Northern Ireland, the branch network in Northern Ireland, the United Kingdom residential mortgage business and the business activities with the United Kingdom Post Office. Corporate and Treasury division consists of Corporate Banking, Global Markets and IBI Corporate Finance. Advisors' Opinion:- [By Sarah Jones]
In Dublin, Bank of Ireland (BKIR) slipped 3.4 percent to 14.1 euro cents and Permanent TSB Group Holdings Plc (IPM) tumbled 13 percent to 2.6 cents. Allied Irish Banks Plc (ALBK), which is owned by the state, slid 1.5 percent to 6.5 cents.
Best Integrated Utility Companies To Invest In Right Now: DISH Network Corporation(DISH)
DISH Network Corporation, through its subsidiaries, provides direct broadcast satellite (DBS) subscription television services in the United States. It offers programming that includes approximately 280 basic video channels, 60 Sirius satellite radio music channels, 30 premium movie channels, 35 regional and specialty sports channels, 2,800 local channels, 250 Latino and international channels, and 55 channels of pay-per-view content. The company also offers local HD channels in approximately 160 markets and 215 national HD channels; and receiver systems, including a small satellite dish, digital set-top receivers, and remote controls. In addition, it provides DISHOnline.com, which enables DISH Network subscribers to watch 150,000 movies, television shows, clips, and trailers; DISH Remote Access that enables subscribers to remotely manage their DVRs using compatible mobile devices, such as smartphones, tablets, and laptops through their broadband-connected receiver; and Go ogle TV that enables DISH Network subscribers to search the Internet, check email, interact with social media, and find additional online programming content while simultaneously watching television. As of March 31, 2011, the company had approximately 14.191 million customers. DISH Network provides receiver systems and programming through direct sales channels; and independent third parties, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, nationwide retailers, and telecommunications companies. The company was founded in 1980 and is headquartered in Englewood, Colorado.
Advisors' Opinion:- [By Vivek Gupta]
With about 40 million subscribers, Netflix (NFLX) is the clear leader in the online streaming industry. Companies like Amazon (AMZN), Hulu and YouTube (Google) are well known for their online video-streaming services and are competing in the industry. Some other players also operate in the industry. For example, Comcast offers streaming service by the name of Xfinity Streampix; Dish Network (DISH) is using Blockbuster to enter the streaming business; Intel (INTC), the semiconductor manufacturer, is trying to enter in a big way.
- [By Michael Lewis]
As the battle between DISH Network (NASDAQ: DISH ) , SoftBank, and Sprint (NYSE: S ) continues to generate controversy, an important date approaches for investors in all three companies. On May 21, Clearwire (NASDAQ: CLWR ) shareholders vote on approving Sprint's acquisition offer. The deal has received a large amount of criticism for undervaluing Clearwire shares, and also comes in conflict with DISH's offer. Adding more confusion, DISH also has an outstanding offer for Sprint, in which it would then extend Sprint's offer to Clearwire shareholders. If it sounds like a mess, that's because it is. Here's what investors need to know over the next three weeks.
Best Integrated Utility Companies To Invest In Right Now: Fifth Third Bancorp (FFH)
Fifth Third Bancorp (the Bancorp), incorporated on October 7, 1974, is a diversified financial services company. As of December 31, 2011, the Bancorp had $117 billion in assets, operated 15 affiliates with 1,316 full-service Banking Centers, including 104 Bank Mart locations open seven days a week inside select grocery stores, and 2,425 automated teller machines (ATMs) in 12 states throughout the Midwestern and Southeastern regions of the United States. The Bancorp operates in four business segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. The Bancorp also has a 49% interest in Vantiv Holding, LLC.
Commercial Banking
Commercial Banking offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers. In addition to the traditional lending and depository offerings, Commercial Banking products and services include global cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing and syndicated finance.
Branch Banking
Branch Banking provides a range of deposit and loan and lease products to individuals and small businesses through 1,316 full-service Banking Centers. Branch Banking offers depository and loan products, such as checking and savings accounts, home equity loans and lines of credit, credit cards and loans for automobiles and other personal financing needs, as well as products designed to meet the specific needs of small businesses, including cash management services.
Consumer Lending
Consumer Lending includes the Bancorp�� mortgage, home equity, automobile and other indirect lending activities. Mortgage and home equity lending activities include the origination, retention and servicing of mortgage and home equity loans or lines of credit, sales and securitizations of t! hose loans, pools of loans or lines of credit, and all associated hedging activities. Indirect lending activities include loans to consumers through mortgage brokers and automobile dealers.
Investment Advisors
Investment Advisors provides a range of investment alternatives for individuals, companies and not-for-profit organizations. Investment Advisors is made up of four main businesses: Fifth Third Securities (FTS), an indirect wholly owned subsidiary of the Bancorp; Fifth Third Asset Management, Inc. (FTAM), an indirect wholly owned subsidiary of the Bancorp; Fifth Third Private Bank; and Fifth Third Institutional Services. FTS offers full service retail brokerage services to individual clients and broker dealer services to the institutional marketplace. FTAM provides asset management services and also advises the Bancorp�� family of mutual funds. Fifth Third Private Bank offers holistic strategies to affluent clients in wealth planning, investing, insurance and wealth protection. Fifth Third Institutional Services provide advisory services for institutional clients including states and municipalities.
Advisors' Opinion:- [By gurufocus]
Prem Watsa, highly regarded CEO of Fairfax Financial Holdings Ltd. (FFH), wrote in March that ��e continue to fully hedge our common stock portfolios as our concerns about the United States��� You would think he has been wrong with the hedging as he is losing money with them. But the last time he was losing with hedging was during the last bull market from 2004 to 2006. He then made a killing with the hedges in 2007 and 2008.
Best Integrated Utility Companies To Invest In Right Now: Calpine Corp (CPN)
Calpine Corporation (Calpine) is an independent wholesale power producer in the United States. The Company owns and operates primarily natural gas-fired and geothermal power plants in North America and has presence in wholesale power markets in California, Texas and the Mid-Atlantic region of the United States. The Company has invested in clean power generation. It is developing, constructing, owning and operating an environmentally responsible portfolio of power plants. Its portfolio is primarily consists of two types of power generation technologies: natural gas-fired combustion turbines, which are combined-cycle plants, and renewable geothermal conventional steam turbines. The Company is a owner and operator of industrial gas turbines, as well as cogeneration power plants. The Company sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, including utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities and power marketers. It purchases natural gas and fuel oil as fuel for its power plants and engage in related natural gas transportation and storage transactions. The Company also purchases electric transmission rights to deliver power to its customers. In February 2014, the Company announced that it has completed the acquisition of a natural gas-fired, combined-cycle power plant located in Guadalupe County, 30 miles northeast of San Antonio, Texas.
As of December 31, 2011, the Company owned 93 power plants, including two under construction, with an aggregate generation capacity of approximately 28,155 megawatts and 584 megawatts under construction. Its generation capacity includes 77 natural gas-fired power plants, 15 geothermal plants and one photovoltaic solar plant. The Company is a consumer of natural gas in North America. The Company sells a substantial portion of its power and other products under power purchase agreements (PPAs) with a duration greater than ! one year.. The contracted sale of power, steam and capacity from its cogeneration power plants, combustion turbine power plants and geothermal power plants, as well as the sale of renewable energy credits (RECs), from its geothermal and solar power plants, provide a stable source of revenue. The Company produces power for sale to utilities, municipalities, retail power providers, independent electric system operators, large end-use industrial or agricultural customers or power marketers. Its cogeneration power plants produce steam for sale to customers for use in industrial or heating, ventilation and air conditioning operations. The Company provides capacity for sale to retail power providers. It provides ancillary service products to wholesale power markets. It sells RECs from its Geysers Assets in northern California, as well as from its small solar power plant in New Jersey.
The Company�� natural gas-fired power plants primarily utilize two types of design: 3,515 megawatts of simple-cycle combustion turbines and 23,043 megawatts of combined-cycle combustion turbines and a small portion from natural gas-fired steam turbines. Its Geysers Assets are a 725 megawatts fleet of 15 operating power plants in northern California. It leases the geothermal steam fields from which it extracts steam for its Geysers Assets. The Company has leasehold mineral interests in 110 leases comprising approximately 29,019 acres of federal, state and private geothermal resource lands in The Geysers region of northern California. Its leases cover one contiguous area of property that comprises approximately 45 square miles in the northwest corner of Sonoma County and southeast corner of Lake County. Across the fleet, it also has a variety of technologies, including approximately 868 megawatts of capacity from its power plants acquired in the Conectiv Acquisition which have conventional steam turbine technology. The Company also has approximately four megawatts of capacity from solar power generation technology a! t its Vine! land Solar Energy Center in New Jersey.
The Company has 24 natural gas-fired power plants, including two under construction, with the capacity to generate a total of 6,194 megawatts in the Western Electricity Coordinating Council (WECC) North American Electric Reliability Council (NERC) region, which extends from the Rocky Mountains westward. In addition, it owns and operate 15 geothermal power plants located in northern California capable of producing a total of 725 megawatts. The majority of these power plants are located in California, in the California Independent System Operator (CAISO) region; the Company also owns a power plant in Arizona and one in Oregon. The Company has 12 natural gas-fired power plants in the TRE NERC region with the capacity to generate a total of 7,239 megawatts, all of which are physically located in the ERCOT market. It has a total of 31 power plants with 7,914 megawatts of peaking capacity located in the RFC, Northeast Power Coordinating Council (NPCC) and Midwest Reliability Organization (MRO) NERC regions. The Company has 19 operating power plants with the capacity to generate a total of 4,491 megawatts in Eastern PJM. In addition, it has one operating power plant, with the capacity to generate 503 megawatts, located in Western PJM. The company has a total of eight natural gas-fired power plants with the capacity to generate a total of 1,439 megawatts in the NPCC NERC region. Five of these power plants are located in New York.
The Company has 50% ownership interests in two Canadian power plants, with the total capacity to generate 1,088 MW (544 megawatts net attributable to Calpine), located in the NPCC NERC region in Ontario, Canada. The Whitby cogeneration facility is a 50 megawatts facility located in Whitby, Ontario and the Greenfield Energy Centre is a 1,038 megawatts facility located in Courtright, Ontario. The Company has three natural gas-fired power plants with the capacity to generate a total of 1,481 megawatts operating within the M! RO NERC r! egion. The Company has one operating natural gas-fired power plant with the capacity to generate 1,134 megawatts located in the Southwest Power Pool (SPP) NERC region. SPP is an RTO approved by FERC that provides independent administration of the electric power grid. SPP manages an energy-only location based real-time wholesale energy market. The Company has 10 natural gas-fired power plants with the capacity to generate a total of 4,949 megawatts operating within the Southeastern Electric Reliability Council (SERC) and the Florida Reliability Coordinating Council (FRCC) NERC regions.
Advisors' Opinion:- [By Garrett Cook]
In trading on Tuesday, utilities shares were relative laggards, down on the day by about 0.18 percent. Top decliners in the sector included Calpine (NYSE: CPN), down 1.41 percent, and Exelon (NYSE: EXC), off 2.19 percent.
- [By Ben Levisohn]
It’s not all bad news, however. Two utilities should benefit from this trend, Calpine (CPN) and Dominion Resources (D), although the advantage may already be priced into Dominion’s shares, Byrd says.
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