|Bid||25.32 x 410300|
|Ask||25.34 x 177800|
|Day's Range||25.20 - 25.66|
|52 Week Range||16.78 - 25.92|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||15.50|
|Earnings Date||Nov 14, 2019|
|Forward Dividend & Yield||0.70 (2.77%)|
|1y Target Est||N/A|
(Bloomberg) -- The lightning strike that triggered Britain’s biggest blackout in more than a decade has also spawned a flurry of investigations by groups ranging from the government to railway operators.National Grid Plc’s preliminary report published by the regulator Ofgem on Tuesday indicated that lightning was the initial cause for the Aug. 9 event. That quelled some of the early blame in the national press that the blackout was due to the variability of wind farms, a symbol of the country’s increasingly diversified electricity system.Lightning strikes cause faults on the transmission network throughout the year, but usually don’t set off the chaos seen earlier this month, according to Keith Bell, professor of electrical engineering at the University of Strathclyde.“Provided network protection operates correctly, no generation should be lost from the system as a consequence of such faults,” Bell said. “One main question now is exactly why protection or control equipment at the two generators responded as they did and caused the loss of generation.”Over the coming weeks, a wave of probes are set to get to the bottom of what exactly happened and who is to blame. Here is a roster of who’s involved and what’s coming:To contact the reporters on this story: Jeremy Hodges in London at firstname.lastname@example.org;William Mathis in London at email@example.comTo contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org, Andrew Reierson, Lars PaulssonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Britain’s energy regulator has launched an investigation into whether National Grid and 12 local electricity network companies breached their licence conditions after power cuts earlier this month that affected more than a million homes and businesses in England and Wales. It is the first time Ofgem has launched a formal probe into the cause of a power cut in Britain. It will examine whether National Grid holds sufficient reserves of back-up power that can respond rapidly to avoid similar outages in future.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...
Swedish teenage climate activist Greta Thunberg, on a visit to a German anti-coal protest camp, questioned whether the country should continue to use the fuel to generate power for another 20 years as the government plans. Thunberg, the most visible spokeswoman of the Fridays for Future movement of students striking to demand climate action, was talking to reporters at the western German Hambach forest near Cologne. The area has become a symbol of protest against the coal industry, prompting utility RWE to give assurances it would not touch the forest until late 2020, although it had hoped to clear it for brown coal mining and burning activities.
Large parts of England and Wales suffered power cuts on Friday night after a major network failure, affecting around 1m people and causing widespread disruption to trains and roads ahead of a busy weekend for holiday travel. The loss of power lasted for under an hour before it was restored but the disruption continued into the evening. The National Grid electricity system operator said: “This evening we had an unexpected and unusual event, the loss of two generators that connect to the GB transmission system, which led to a fall in the frequency of the electricity system.
(Bloomberg) -- The U.K. will soon be down to four coal-fired power plants after RWE AG announced plans to close a major facility in southern Wales next year.The German utility will cease work by the end of March at the Aberthaw power station. The unit was opened in 1971 and has the capacity to generate 1,560 megawatts of electricity, enough for more than 1.5 million homes.The move marks another step to reach the government’s goal of eliminating coal as a fuel for power generation by 2025. The Conservative administration as well as the major opposition parties have backed measures to reduce net fossil fuel emissions to zero by the middle of the century.Heavy costs imposed on releasing pollution helped speed up the decision to close the plant in Wales. Britain participates in the European Union emissions cap-and-trade system and will maintain levies on polluters after exiting the group. Those tariffs have encouraged generators to use more wind and solar power at the expense of coal.“Market conditions made this decision necessary,” Roger Miesen, chief executive officer of RWE Generation said in a statement.Britain fueled its industrial revolution with coal starting in the mid-1800s. In more recent years, it’s encouraged cleaner forms of energy, especially wind and nuclear reactors, as an alternative.Coal plants failed to win contracts to sell their electricity in the U.K. capacity market auction in June, which that cleared at a record-low price of 77 pence per kilowatt-hour a year, according to data from National Grid Plc.RWE’s decision follows SSE Plc, which said earlier this year that it would close its only remaining coal power plant next year as well because it wasn’t profitable anymore. Electricite de France SA is shutting its Cottam plant in September. The Aberthaw Power Station will transfer its existing capacity market agreements for the years 2019/2020 and 2020/2021 to third parties and a small proportion to other units in RWE’s fleet, according to a statement from the company on Thursday. The facility directly employs about 170 people.Closing that plant will leave one coal power plant operating in Northern Ireland and two smaller ones in Britain, at West Burton and Ratcliffe. Another two coal generation units owned by Drax Group Plc will be converted to gas in the next two years.To contact the reporter on this story: William Mathis in London at email@example.comTo contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org, Andrew ReiersonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service (Moody's) has today changed to negative from stable the outlook on the A3 issuer rating of Amprion GmbH (Amprion). Concurrently, Moody's has affirmed this rating. The outlook change to negative from stable reflects Moody's expectation that Amprion's key credit metrics could fall below the rating agency's guidance for the existing A3 rating.
Germany, a poster child for responsible energy, is renouncing nuclear and coal. The country, the biggest electricity market in the European Union, is abandoning nuclear power by 2022 due to safety concerns compounded by the Fukushima disaster and phasing out coal plants over the next 19 years to combat climate change. In the next three years alone conventional energy capacity is expected to fall by a fifth, leaving it short of the country's peak power demand.
The German Economy Ministry said on Thursday it expected a law on the country's coal exit to be decided by the end of the year, adding talks with utility RWE - which wants billions of euros in compensation - were progressing constructively. Under proposals hammered out by a government-appointed commission earlier this year, Germany is to fully phase out coal as an energy source by 2038, hitting operators of such plants including RWE, Germany's largest electricity producer. The ministry said the talks with RWE were at an advanced stage.
Germany's RWE is tallying the economic loss after environmental activists entered and occupied its Garzweiler open-pit lignite mine over the weekend, the utility said on Sunday. The 1,300 protesters, demanding an immediate exit from coal use, also blocked tracks for coal supply lines, as well as set fires to a pump station, switch cabinets and vehicles, RWE said. "There is a plan on the table for phasing-out coal and there is no reason to endanger people and carry out illegal actions," Frank Weigand, chief executive officer of RWE Power, said in a statement.
Newly created oil and gas group Wintershall DEA plans to hold an initial public offering in the second half of the next year, its chief executive told Reuters, in a deal that could become one of the largest European listings in 2020. Sources said in April that Wintershall DEA had picked the banks to arrange its stock market flotation. Mario Mehren, the CEO of the company, confirmed the plans.
Sweden's Vattenfall will seek to monitor and possibly widen expansion targets for offshore wind in Europe which is growing amid rising investor interest, said the company's board member in charge of wind, Gunnar Groebler. Groebler had said in January that the company was aiming to arrive at an installed total 11,000 megawatts (MW) of offshore wind by 2025, up from 3,000 MW installed at the end of 2018. "These targets for offshore wind already need constant monitoring and reviewing," Groebler said in an interview with Reuters.
Energy firm Innogy , in the process of being broken up by parent RWE and rival E.ON, could team up with oil majors to build offshore wind farms in the booming U.S. market, one of its board members said. Projects off the U.S. coast have become a major target for utilities in Europe, by far the world's largest offshore market in terms of installed capacity, with several large players forming partnerships with Shell.
The size of RWE Aktiengesellschaft (FRA:RWE), a €14b large-cap, often attracts investors seeking a reliable investment...
Moody's Investors Service ("Moody's") has today affirmed the Baa1 issuer rating and the baa2 baseline credit assessment (bca) of Urenco Ltd (Urenco). Concurrently, Moody's has affirmed the (P)Baa1 ratings on the Senior Unsecured MTN program and the Baa1 ratings on the Senior Unsecured Notes issued under the program by Urenco Finance N.V. The outlook is stable. Today's affirmation of Urenco's baa2 bca reflects Moody's expectation of resilient operational and financial performance over the period 2019-21, owing to the company's leading position in the concentrated global market of uranium enrichment services and benefits arising from the industry's high entry barriers and increasingly regulated nature.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! RWE Aktiengesellschaft (FRA:RWE) is a stock with outstanding fundamental characteristics. When we build an investmen...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of RWE AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Further, these stocks have a moderate to high financial strength rating, which is mainly the result of a low total debt-to-equity ratio and a current ratio of at least 1.25. Warning! GuruFocus has detected 3 Warning Signs with UTGN.