S&P Global Market Intelligence editors' picks for the best stories for the week ended Sept. 13.
1. Falling interest rates benefiting utility stocks, power financings
The Federal Reserve's July 31 rate cut has possibly furnished regulated utility stocks with justification for share prices previously considered inflated, with equities continuing to perform well in the first month following the shift in U.S. monetary policy.
2. Trio of big power organizations joins Southwest Power Pool's market in West
Straddling the eastern and western interconnections, three multistate public power entities have decided to participate in the Southwest Power Pool's energy imbalance market in the West.
3. National Grid calls for review of UK's backup capacity after August power cuts
National Grid PLC has called on Britain's energy regulator to review the amount of backup generating capacity that is kept in reserve to prevent widespread power cuts such as those that hit parts of the country in early August.
4. US LNG industry sees curbing emissions as key to its long-term future
The growing U.S. LNG industry can help drive down global carbon emissions by displacing coal with exports to world markets, the head of the International Energy Agency said, but he warned that oil and gas companies could undermine that future if they are "greedy" when it comes to investments to reduce carbon emissions.
5. Exxon's Norway upstream asset sale would be 'landmark' Continental Shelf deal
U.S. supermajor Exxon Mobil Corp.'s potential $4 billion sale of nonoperating Norwegian oil and gas assets would not only advance the major's plan to divest $15 billion in holdings by 2021 but would also mark the largest upstream deal in the last five years in the North Sea, analysts said.
6. US Rep. McKinley denounces Trump's assertion that coal has been saved
A Republican West Virginia congressman denounced President Donald Trump's belief that his administration has saved the coal industry.
