SOURCE: Wall Street Equity Research

Wall Street Equity Research

August 26, 2010 08:46 ET

Professional Research on TECO Energy and RRI Energy -- A Quick Look at the Electric Utilities

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 26, 2010) - www.wallstreetequityresearch.com allows shareholders to gain full understanding of the economic and market forces influencing the electric utilities industry, and offers free research on industry players TECO Energy Inc. (NYSE: TE) and RRI Energy Inc. (NYSE: RRI). Register today at www.wallstreetequityresearch.com to receive free research reports on these companies.

It's no secret that the Electric-Utilities industry is currently treading through a stage of uncertainty. With social and governmental pressures to reduce carbon emitting energy production, many companies are attempting to orient themselves to gain from the coming clean energy renaissance. With the government considering cap-and-trade legislation that would effectively put a tax on carbon emissions, companies positioned to convert to cleaner energy sources should benefit greatly.

www.wallstreetequityresearch.com is a specialized website where investors can have complete access to free reports on electric utilities industry; traders looking for analyst opinions on TECO Energy Inc., RRI Energy Inc. and other players in the industry are welcomed to sign up for a free one year membership at http://www.wallstreetequityresearch.com/.

However, the development of renewable energy sources is very expensive and some companies within the sector are looking to the Obama administration for money to finance research that could potentially allow them to be more competitive with foreign alternative energy companies. This comes at a time when the EPA plans to increase regulation on air pollution, potentially decreasing the reliability of companies reliant on coal-based energy production. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting electric utilities stocks.

Meanwhile, many factors are weighing in to hurt revenues throughout the Electric-Utilities sector. Large natural gas production volumes are hurting the pricing power of companies reliant on that energy source. The economic slowdown has also lowered demand for energy by factories and other commercial sources. With capacity utilization at 71.4% for June, usage is far below historical averages.

One of the only bright spots for the sector is coming from this year's warmer-than-average spring weather. As temperatures rise, consumers use more energy to power air-conditioning units increasing the sector's sales volume. 

During this quarter's earnings season, TECO Energy Inc. released positive results with revenue growth of 8.9% to $898.8 million as compared to the same time period in 2009. The company's operating profits per share was at $0.37. Conversely, a number of small power producers like RRI Energy Inc. saw their quarterly results impacted negatively due to lower commodity and energy prices. For the second quarter 2010, RRI Energy registered a loss of $172.1 million and revenue of $400.2 million. RRI Energy is a M&A target for larger industry competitor Mirant Corp. Whilst the former agreed to the merger, the deal is still waiting for Department of Justice's approval. Shareholders and investors can sign up today at http://wallstreetequityresearch.com/August262010TECOEnergyInc.(TE)260810.php or http://wallstreetequityresearch.com/August262010RRIEnergyInc.(RRI)260810.php to download the full reports on TECO Energy Inc. and RRI Energy Inc.

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