On Friday, Duke Energy Corp (NYSE:DUK)’s shares declined -0.66% to $69.45.
Duke Energy Indiana and some of the state’s key consumer groups have reached a settlement agreement related to operating costs at Duke Energy’s Edwardsport coal gasification power plant.
The proposal, which was filed with state regulators recently, is subject to Indiana Utility Regulatory Commission approval. If approved, the settlement would resolve all Edwardsport-related proceedings pending at the commission.
Participants in the settlement are the Indiana Office of Utility Consumer Counselor, the Duke Energy Indiana Industrial Group and Nucor Steel-Indiana.
Key provisions of the projected settlement comprise:
- The company has agreed not to bill customers $85 million of operating costs deferred since the plant’s in-service date. If approved by state regulators, the remaining operating costs charged to customers will result in an about 2 percent customer bill enhance. There will be regulatory hearings on the settlement, and a commission decision is possible in the first half of 2016.
- The settling parties agree that the plant’s commercial operation in-service date will remain June 7, 2013, for accounting and ratemaking purposes.
- During 2016 and 2017, the company will cap annual plant operating, maintenance and capital costs billed to customers. Future regulatory filings to update plant operating costs and customer rates will be made annually rather than twice a year.
- The agreement also designates $5 million, out of shareholder funds, for attorney fees, litigation expenses, and funding commitments, counting a customer bill credit and additional resources for battery storage research, low-income energy assistance and the Indiana Utility Ratepayer Trust.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.
FirstEnergy Corp. (NYSE:FE)’s shares dropped -1.84% to $31.14.
The Board of Directors of FirstEnergy Corp. (FE) declared an unchanged quarterly dividend of 36 cents per share of outstanding common stock. The dividend will be payable December 1, 2015, to shareholders of record at the close of business on November 6, 2015.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities.
At the end of Friday’s trade, TherapeuticsMD Inc (NYSEMKT:TXMD)‘s shares surged 1.39% to $7.29.
TherapeuticsMD, Inc. (TXMD), an innovative women’s healthcare company, recently declared that presentations related to its development stage product candidates will be made at The North American Menopause Society (NAMS) 2015 Annual Meeting taking place in Las Vegas on September 30-October 3.
Sheryl A. Kingsberg, PhD, Chief of the Division of Behavioral Medicine Department of OB/GYN at University Hospitals Case Medical Center in Cleveland, will make an oral presentation titled “Women’s Attitudes and Behaviors towards Vulvar and Vaginal Atrophy (VVA)” on Thursday, October 1 at 4:45 p.m. PDT.
TherapeuticsMD, Inc. operates as a women’s health care product company. The company manufactures and distributes prescription and over-the-counter product lines, counting prenatal vitamins, iron supplements, vitamin D supplements, and natural menopause relief products under the vitaMedMD brand, in addition to duplicate formulations of its prescription prenatal vitamins products under the BocaGreenMD Prena1 name.
Lincoln National Corporation (NYSE:LNC), ended its Friday’s trading session with -3.49% loss, and closed at $47.63.
Lincoln Financial Group (LNC) declared that it will report its third quarter earnings after market close on Wednesday, October 28, 2015. A conference call is planned for Thursday, October 29, 2015, at 10:00 a.m. Eastern Time, to talk about third quarter earnings and related matters for the company and its business segments.
Lincoln National Corporation, through its auxiliaries, engages in multiple insurance and retirement businesses in the United States. It operates through Annuities, Retirement Plan Services, Life Insurance, and Group Protection segments.
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