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IEX Sells Stake in Indian Gas Exchange

IEX Offloads Stake in Indian Gas Exchange
The Indian Energy Exchange (IEX) on March 10 said it has divested 26% equity holding in its subsidiary Indian Gas Exchange (IGX) to the National Stock Exchange of India. IEX has also sold 5% equity to state-run explorer ONGC.
IGX is India s first gas exchange after it secured authorisation from Petroleum and Natural Gas Regulatory Board (PNGRB) in December last year. IEX recently announced the strategic investments of 5% each by leading players in the gas value chain – Adani Total Gas, Torrent Gas, and Gail in IGX.
According to IEX, IGX has an eco-system of more than 6,500 market participants which includes all the distribution utilities in the country, the power generators as well as more than 4,500 open access consumers. The IGX offers trade in five contracts, including daily, weekly, weekday, fortnightly, and monthly, at three physical hubs - Hazira and Dahej in Gujarat and KG basin in Andhra Pradesh. It has 5 ....

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DOE exec: Power distributors must know where vaccine storage facilities are

DOE exec: Power distributors must know where vaccine storage facilities are
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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American Electric Power Inc (AEP) Q4 2020 Earnings Call Transcript

American Electric Power Inc (AEP) Q4 2020 Earnings Call Transcript
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American Electric Power Inc (NYSE: AEP)
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Operator
Ladies and gentlemen, thank you for standing by, and welcome to the American Electric Power Fourth Quarter 2020 Earnings Call. [Operator Instructions] And as a reminder, today s conference call is being recorded. I would now like to turn the conference over to Darcy Reese. Please go ahead.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Pl ....

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AEP Reports Strong 2020 Earnings; Raises 2021 Operating Earnings Guidance

AEP Reports Strong 2020 Earnings; Raises 2021 Operating Earnings Guidance
- Year-end 2020 GAAP and operating earnings of $4.44 per share
- Fourth-quarter 2020 earnings of $0.88 per share GAAP and $0.87 per share operating
- Company raises 2021 operating earnings (non-GAAP) guidance range to $4.55 to $4.75 per share; maintains 5% to 7% long-term growth rate based on new guidance
- AEP accelerates carbon dioxide emissions reduction goals to reach net zero by 2050
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AMERICAN ELECTRIC POWER
Year-to-date ended December 31
0.20
EPS based on 496 million shares 4Q 2020, 494 million shares 4Q 2019, 496 million shares YTD 2020 and 494 million shares YTD 2019.
American Electric Power (Nasdaq: AEP) today reported fourth-quarter 2020 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $436 million or $0.88 per share, compared with GAAP earnings of $154 million or $0.31 per share ....

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Vistra Energy exec delivers opening statement about power outages

Vistra Energy exec delivers opening statement about power outages
wfaa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wfaa.com Daily Mail and Mail on Sunday newspapers.

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