Top News
FERC chairman wants 'consensus' before moving forward on grid resilience docket
Federal Energy Regulatory Commission Chairman Neil Chatterjee said Oct. 21 that he expects the Republican-controlled commission, which is down two members, to act as one on a definition of grid resilience before moving forward. Chatterjee wants a "consensus" on the contentious definition before advancing a proceeding that U.S. coal interests are hoping will generate life-extending revenues for struggling plants.
Good weather expected to drive strong Q3'19 earnings for electric utilities
Some analysts are predicting that favorable weather will, in part, promote a strong quarter for the U.S. electric utility sector. Cost controls and more defensive and predictable rate designs also have contributed to analysts' expectations that utilities will hit their financial goals for 2019-2020.
Midstream earnings may shrink amid producer restraint, Permian pipe competition
Investors may welcome a potential decline in earnings for North American oil and gas pipeline companies as they release third-quarter financial results alongside slowing production. CBRE Clarion Securities portfolio manager Hinds Howard and Raymond James & Associates Inc. financial adviser Justin Jenkins agree that unit holders are more focused on following independent oil and gas drillers in cutting spending to generate free cash flow.
"We are in this incredible American moment where we are really seeing a fascinating transition in our energy landscape," Chatterjee said on S&P Global Market Intelligence's second episode of "Energy Evolution." On the podcast, hear from Chatterjee, National Energy Technology Laboratory Director Brian Anderson and Deputy Secretary of Energy Dan Brouillette.
Other energy headlines
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ChartWatch
The top five midstream companies' stock prices fell during the third quarter. Tudor Pickering Holt predicts that equity performance during earnings will depend on upstream providers' commentary.
Research and data
* RRA Regulatory Focus: Mich. PSC staff supports reduced electric rate increase for Indiana Mich. Power
* Data Dispatch: Analysts project Q3 revenue and income for US refiners to fall YOY
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ISO-NE chief on 2-step capacity market: 'There isn't a better solution'
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