Large companies plan their future expecting the government to force them to pay a price for carbon pollution, The New York Times reports.» Read More
NEW YORK, Oct 2- The Public Utilities Commission of Ohio voted on Wednesday to approve Ormet Corp's revised power deal with energy supplier American Electric Power Co Inc, saving the U.S. aluminum producer from likely closure.
Next-day prices in PJM, New England and New York climbed about 15 percent to the $130 s per megawatt-hour for Wednesday, which traders said is high but not unusually so when electric usage is near record levels. Temperatures in New York City, the biggest metropolitan area in the United States, reached 94 degrees F on Monday.
In New York, the New York Independent System Operator activated its demand response programs to reduce electricity usage in the New York City area.
July 11- American Electric Power Co Inc said Thursday it expects to retire its 585- megawatt Unit 5 at the Muskingum River coal plant in Ohio in 2015 due to the high cost of complying with environmental rules and low power and natural gas prices.
July 11- More than 140,000 homes and businesses, mostly in Ohio, were without power early Thursday following severe thunderstorms on Wednesday, according to local power companies.
Utility stocks are "extremely cheap" compared to bonds, Fidelity Portfolio Manager Douglas Simmons says.
Mad Money host Jim Cramer reflects on his past to help investors prepare for their future.
Shares of AEP and NextEra Energy plunged more than 50 percent in the first seconds of trading on the NYSE Thursday, the latest in a flurry of unexplained sharp drops in the market.
The NYSE has let stand all trades in AEP and NEE, but it has decided to remove all trades from the tape that were roughly three to four percent below the opening price.
Stocks closed modestly lower in a volatile session as market participants weighed better U.S. economic data against the fears the Fed may soon start to curtail its bond buying.
CNBC's Kelly Evans weighs in on Japanese government bond yields soaring to 1 percent.
If economic reports being released this week are positive, the market may climb for the rest of the year as cheap money drives investments, CNBC's Jim Cramer said Monday.
Looking to buy? OptionMonster Jon Najarian suggests these stocks and sectors.
“All went from being benign to pernicious in one week,” said Jim Cramer. “Is that possible?”
Get ready for the lightning round. Cramer makes the call on viewer favorites.
There are 38 companies in the S&P 500 index that have not moved more than 2 percent positive or negative year-to-date.
WASHINGTON, Oct 29- The U.S. Supreme Court said on Monday it will take the rare step of considering a tax case, one with hundreds of millions of dollars at stake and broad implications for companies with businesses abroad an d for the Internal Revenue Service.
COLUMBUS, Ohio-- American Electric Power's net income fell 48 percent in the third quarter as customers' conservation efforts and a slow economy reduced demand for electricity. AEP earned $487 million, or $1 per share, on revenue of $4.16 billion.
Cramer couldn’t visit Ohio without profiling the company behind one of his favorite dividend yielders.
COLUMBUS, Ohio-- State regulators in Ohio are allowing aluminum manufacturer Ormet Corp. to defer electric bill payments for the remainder of the year. Ormet, located near Hannibal in eastern Ohio, has benefited from a unique electric-rate subsidy with American Electric Power Co. that has reduced its costs by more than $150 million since 2009..