80.62 0.00 (0.00%)
After hours: 4:48PM EDT
|Bid||80.50 x 38500|
|Ask||80.74 x 1000|
|Day's Range||79.27 - 80.74|
|52 Week Range||71.96 - 91.80|
|PE Ratio (TTM)||20.39|
|Earnings Date||Nov 1, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||3.71 (4.54%)|
|1y Target Est||85.06|
WILMINGTON, N.C. (AP) — Duke Energy activated a high-level emergency alert at a retired coal-fired power plant in North Carolina as floodwaters from the nearby Cape Fear River overtopped an earthen dike there and inundated a large lake, raising concerns of a potential breach.
Three retired coal-ash ponds at the H.F. Lee plant are underwater and appear to have released ash into the Neuse River. Meanwhile, the Cape Fear River has swamped Sutton Lake's dam at the Sutton Power Plant in Wilmington.
The groups contend two federal agencies made rushed and inadequate findings in actions that cleared the way for construction to resume on the $6.5 billion Atlantic Coast Pipeline.
CHARLOTTE, N.C., Sept. 20, 2018 /PRNewswire/ -- The rising Cape Fear River is overtopping the cooling lake at the L.V. Sutton Plant in Wilmington, N.C. Aerial photographs taken this morning of the cooling lake showed some erosion on the interior slope of the berm, a surface that is protected by a layer of compacted soil and cement. Given the historic level of flooding on the Cape Fear River, there is little to no chance that lake water will contribute to a measurable change in water levels in the area.
- Funds will support disaster relief efforts in communities heavily impacted by Hurricane Florence CHARLOTTE, N.C. , Sept. 20, 2018 /PRNewswire/ -- Piedmont Natural Gas today announced a $30,000 donation ...
On September 19, PPL (PPL) stock had an implied volatility of 17%—marginally higher than its 15-day average. In comparison, the volatility in the Utilities Select Sector SPDR ETF (XLU) was ~13%. The implied volatility represents investors’ nervousness. Increased volatility is usually associated with a fall in stock prices. Recently, the SPDR S&P 500’s implied volatility was 8%.
Flooding from rain-swollen rivers was expected to worsen across the Carolinas on Thursday and the next couple of days in the aftermath of Hurricane Florence, which killed 36 people in three states, forecasters said. Twenty flood gauges showed some level of flooding in North Carolina, South Carolina and Virginia, where some major waterways, well above their flood stages, were expected to rise through the weekend before they crest, the National Weather Service said. "People in flood prone areas or near waterways need to remain alert as rivers crest and stay above their banks in coming days," North Carolina Governor Roy Cooper said in a written statement.
Let’s take a look at how PPL (PPL) stock is valued compared to its peers. Currently, PPL is trading at a PE multiple of 13x—compared to its five-year historical valuation of 14x. The stock looks to be trading at a discounted valuation compared to its historical average. The following chart shows PPL’s comparative stock movement along with utilities at large and broader markets.
The utilities sector—one of the most vulnerable sectors to interest rates—fell more than 2% after the benchmark Treasury yields reached a four-month high on September 19. The ten-year Treasury yield has been very strong. The ten-year Treasury yield has risen from 2.86% to 3.07% in September. Broader markets continued to climb and rose 0.1% on September 19.
The spill occurred Saturday at Duke Energy's Sutton Power Plant in Wilmington after torrential rainfall from then-Tropical Storm Florence breached the lined landfill under construction there. About 2,000 cubic yards of material moved, but most of it was trapped on site.
Aerial photographs show widespread devastation to farms and industrial sites in eastern North Carolina, with tell-tale trails of rainbow-colored sheen indicating potential contamination visible on top of the black floodwaters.
- 114,000 customers remain without power as of 5:30 p.m. - Communicators posting latest information from local communities CHARLOTTE, N.C. , Sept. 19, 2018 /PRNewswire/ -- Duke Energy crews today continued ...
CHARLOTTE, N.C., Sept. 19, 2018 /PRNewswire/ -- Water samples collected from various locations demonstrate that coal ash released from a landfill under construction has not impacted water quality in Sutton Lake in Wilmington, N.C. In addition, the company continues to monitor water levels in the Cape Fear River, which flows near Sutton Lake, a cooling pond built by the company to support plant operations.
HAVELOCK, N.C., Sept. 19, 2018 /PRNewswire/ -- NOTE TO EDITORS: Today, President Trump came to North Carolina to inspect the recovery effort in the aftermath of Hurricane Florence, which caused historic death and destruction in the region. "The president's concern for the people of the Carolinas, some of whose lives have been upended by Hurricane Florence, is deeply appreciated. "We've assembled our largest restoration force ever in the Carolinas – over 20,000 workers – to help customers in the wake of Florence.
CHARLOTTE, N.C., Sept. 19, 2018 /PRNewswire/ -- Piedmont Natural Gas announced today that crews will begin canvassing neighborhoods to examine natural gas meters for signs of damage caused by Hurricane Florence. Piedmont will notify customers whose natural gas service needs to be temporarily turned off until service can be safely restored. Additionally, natural gas appliances damaged by Hurricane Florence will need to be inspected for safe operation by Piedmont or a licensed contractor before Piedmont can restore service.
There has been almost no damage from the storm, say major solar industry players in North Carolina. And it appears that most, if not all, of the projects off line are out because the power grid — not the projects themselves — failed.
- 153,000 customers remain without power as of 8:30 p.m. - Communicators providing latest information from local areas CHARLOTTE, N.C. , Sept. 18, 2018 /PRNewswire/ -- Duke Energy crews today continued ...
Duke Energy Corp. has closed the breach of its coal-ash landfill in North Carolina, but not before the spill leaked into a popular fishing lake that hosts regular tournaments for anglers. The landfill at the company’s Sutton power plant near Wilmington broke open after Hurricane Florence inundated the region with flooding rains. Duke informed state officials that some of the coal-ash reached Lake Sutton, spokesman Bill Norton said in an email.
Piedmont Natural Gas warns regulators that a Raleigh company proposing some $200 million worth of swine-gas projects in North Carolina overstates or misstates the status of negotiations about transporting their biogas in a recent filing.
The N.C. Department of Agriculture issued the livestock mortality totals Tuesday, as major flooding is continuing after the slow-moving storm's drenching rains. Sixteen North Carolina rivers were at major flood stage Tuesday, with an additional three forecasted to peak by Thursday. The Department of Environmental Quality said the earthen dam at one hog lagoon in Duplin County had breached, spilling its contents.
As of 8 a.m. Tuesday, Duke Energy Carolinas and Duke Energy Progress say about 221,000 customers in the Carolinas remain without power.
After Hurricane Matthew in 2016, David Fountain, president of North Carolina operations for Charlotte-based Duke Energy Corp., thought he would never see a worse impact from a storm in his home state. But just two years later, Hurricane Florence proved him wrong.
CHARLOTTE, N.C. , Sept. 17, 2018 /PRNewswire/ -- Duke Energy expects to restore power to most North Carolina and South Carolina customers impacted by Hurricane Florence by Sept. 26 at 11:45 p.m. – but ...
RALEIGH, N.C. (AP) — Flooded rivers from Florence's drenching rains have swamped coal ash dumps and low-lying hog farms, raising pollution concerns as the swollen waterways approach their crests Monday.