Tag: EIX

Investors looking for income have long relied on the stocks of electric utilities. Naturally cash generative utility companies have a history of generous dividend payout policies.  However, for those investors who have a concern about sustainability or climate change, even utilities with the highest dividend yields may not be appealing. We looked at a selection of nine utility companies with mixed achievements in terms of the percentage of renewable energy sources found in their retail sales of electricity.  The intensity of renewable energy in utility portfolios varies considerably across the industry.  Many utilities are grappling with legacy coal and oil infrastructure.  Others are not favored...

FPL Group Inc (FPL) and affiliates of Carlyle/Riverstone announced today that they have purchased ownership interest for an effective 141 megawatts (MW) of solar power generation in California. Under terms of the agreement, FPL Energy, along with certain FPL Energy affiliates, and Carlyle/Riverstone purchased majority interest in five 30-megawatt Solar Energy Generating System (SEGS III-VII) assets in the Mojave Desert. FPL Energy will operate the SEGS plants and hold a 45 percent ownership interest in the projects. Carlyle/Riverstone, as co-general partner, will own a 49 percent interest in the projects with the remainder being held by a group...