On Tuesday, Exelon Corporation (NYSE:EXC)’s shares declined -1.23% to $31.42.
Exelon Generation’s 120 megawatt Perryman 6 natural gas power generating unit began commercial operation on Sunday, June 28. Located at the company’s Perryman Generating Station near Aberdeen Proving Ground in Maryland, Perryman 6 enhances the station’s full generating capacity to 475 megawatts. Exelon had committed to increasing natural gas generation in Maryland as part of the company’s 2012 merger with Constellation.
The Pratt & Whitney Power Systems design FT4000™ SWIFTPAC® power generation unit comprises of two simple cycle, aero-derivative combustion turbines. Perryman 6 is a peaking unit, meaning that it typically generates electricity during periods of high electric demand. The unit will run mainly on natural gas but will also have the ability to run on oil as a back-up, ensuring fuel diversity and reliability.
During construction the project offered more than 100 jobs, with a local economic impact of more than $11 million. The new unit will provide an average of $1.3 million per year in property taxes to Harford County.
Earlier this year, Exelon Generation fulfilled another merger commitment with the completion of the 40-megawatt Fourmile Wind Project. Construction is under way on Fair Wind Energy Project, a 30-megawatt wind project. Both assets are in western Maryland. A megawatt is a million watts of electricity which can power about 1,000 homes.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
American Capital Agency Corp. (NASDAQ:AGNC)’s shares dropped -1.18% to $18.37.
American Capital Agency Corp. (AGNC) declared that its Board of Directors has declared a cash dividend on its 8.000% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) (AGNCP) of $0.50 per share for the second quarter 2015. The dividend is payable on July 15, 2015 to preferred shareholders of record as of July 1, 2015, with an ex-dividend date of June 29, 2015.
In addition, AGNC’s Board of Directors has declared a cash dividend on its 7.750% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) underlying its outstanding depositary shares (AGNCB), equivalent to $0.484375 per depositary share for the second quarter 2015. Each depositary share represents a 1/1,000th interest in a share of the Series B Preferred Stock. The dividend is payable on July 15, 2015 to preferred shareholders of record as of July 1, 2015, with an ex-dividend date of June 29, 2015.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency. It funds its investments primarily through short-term borrowings structured as repurchase agreements.
At the end of Tuesday’s trade, Prologis Inc (NYSE:PLD)‘s shares dipped -0.16% to $37.10.
Prologis, Inc. (PLD), has finally accomplished the acquisition of KTR Capital Partners’ (KTR) real estate assets and operating platform in addition to its associates for $5.9 billion. The buyout is predictable to provide a strong boost to the company’s position in the U.S. target markets. Following the acquisition, the company has also raised its core funds from operations (“FFO”) outlook for 2015.
Prologis’ share of the accomplished purchase was valued at around $3.2 billion. That comprised of $2.6 billion in cash, $400 million in secured mortgage debt assumption and issuance of $202 million in common limited partnership units in Prologis, L.P.
The acquisition took place through Prologis U.S. Logistics Venture (“USLV”) in a 55–45 merged joint venture with Norges Bank Investment Administration (NBIM), which is the manager of the Norwegian Government Pension Fund Global. The deal brought around 60 million square feet of operating portfolio to Prologis. It also comprised of 3.6 million square feet of development-in-progress space in addition to a well-located land bank that offers a build-out potential of 6.7 million square feet.
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.
Metlife Inc (NYSE:MET), ended its Tuesday’s trading session with 0.94% gain, and closed at $55.99.
MetLife, Inc. (MET) declared that it will hold its second quarter 2015 earnings conference call and audio webcast on Thursday, July 30, 2015, from 8-9 a.m. EDT. The call will follow MetLife’s issuance of its second quarter 2015 earnings news release and release of its Second Quarter 2015 Financial Supplement on Wednesday, July 29, 2015, after the market closes. The news release and Second Quarter 2015 Financial Supplement will also be accessible on the MetLife Investor Relations Web page at www.metlife.com.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa. The company provides variable, universal, term, and whole life products; individual disability income products; personal lines property and casualty insurance, counting private passenger automobile, homeowners, and personal excess liability insurance; and variable and fixed annuities for asset accumulation and distribution needs, in addition to mutual funds and other securities products.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
