US: +1 (877) 51 POWER 
Europe: +44 (0) 207 198 1634 A power outage that left 28,000 customers in the District of Columbia and Maryland in the dark also sent real-time prices higher, Platts reported. The locational marginal price for BGE exceeded $500/MWh, and Pepco prices reached approximately $400/MWh. According to a statement from the Washington, D.C., office of the mayor, the outage “was the result […]
Equities and the Economy Good morning. U.S. stocks have been meandering the last couple of days closing slightly down on Tuesday (although the price action on that day was terrible) and closing slightly up yesterday. As Richard Dawson used to say “Survey Says” Dow up 27 to 17,903, S&P 500 up 6 to 2,082 and […]
Equities and the Economy Good morning. For over 80% of the day things were looking pretty darn good with the Dow up an average of 80 points for that time frame. And then the bottom just fell out. There was no major news. Sellers just came in. So instead of a nice, descent up day […]
Equities and the Economy Good morning. The market had time to digest the lousy Labor Department’s Employment Situation Report from Friday and after selling futures all weekend and into the open investors came to realize the bad news is once again good news. As I mentioned in yesterday’s morning Report, the jobs report means the […]
Equities and the Economy Good morning. U.S. stocks finished the Easter shortened week on a marginally positive note breaking two sessions of material losses. The Dow closed up 65 points at 17,763 and both the S&P 500 and Nasdaq added 7 points with the former ending at 2,067 and the latter 4,887. Now you may […]
Equities and the Economy Good morning. U.S. stocks closed lower for the second consecutive day yesterday with the Dow falling 78 to 17,698, the S&P 500 losing 8 to 2,060 and the Nasdaq closing down 21 to 4,880. The impetus for the decline was clearly fundamental. Yesterday ADP released its private sector payrolls report which […]
Sale of New Hampshire Power Plants Electricity rates could be going up for ratepayers in New Hampshire if Eversource (formerly Public Service of New Hampshire) successfully lobbies the New Hampshire Legislature to sell its power plants. The potential rate increase stems from the fact that $400 million of new environmental controls at the Merimack station, […]
Wind power is growing rapidly in America. In fact, wind has accounted for 33 percent of all newly installed electricity generation capacity in the years spanning from 2006 to 2013. The United States now gets about 4.6 percent of its electricity from wind power. But how can this pattern of strong growth continue and how will a […]
Equities and the Economy Wow! Wow. And more Wow! And Yahoo! Driven by a combination of not so subtle hints from the Bank of China of impending QE, some positive economic news in Europe, numerous pharmaceutical mergers were announced before the open and some positive housing data here in the states, U.S. stocks materially higher […]
Equities and the Economy Good morning. Before I get into discussing equities and the economy I want to discuss the Fed. I have been writing about the Fed, its actions and the implications of its actions since the inception of my Morning Energy Report seven years ago. I was doing research over the weekend and […]
