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Electric Company AEP and PNM Unload 50% Solar Stake for $230M in Strategic Shift

American Electric Power Co Inc (NASDAQ: AEP), along with PNM Resources Inc (NYSE: PNM), inked a deal to divest around 50% stake each in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC for about $230 million. In particular, AEP and PNM Resources intend to sell the portfolio of 15 solar projects totaling 625 megawatts (MW). AEP's share of the sale is around $115 million, and it expects to garner about $104 million in cash after tax, transaction fees, and other cust ....

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RSPU ETF: Utilities Dashboard For December (NYSEARCA:RSPU)

RSPU ETF: Utilities Dashboard For December (NYSEARCA:RSPU)
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XLU: Please Don't Wait Until The Fed Cuts Before Buying

XLU: Please Don't Wait Until The Fed Cuts Before Buying
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Form N-CSR Centre Funds For: Sep 30

Form N-CSR Centre Funds For: Sep 30
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Billionaire Jeffrey Gundlach Says Sell The Magnificent Seven: Buy XLU Instead

Billionaire Jeffrey Gundlach Says Sell The Magnificent Seven: Buy XLU Instead
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