Texas Power Prices Signal Grid Stress in Another Long, Hot Summer [Yahoo! Finance]
The AES Corporation (AES)
Last the aes corporation earnings: 2/28 06:00 am
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Source: Yahoo! Finance
(Bloomberg) -- A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs. Most Read from Bloomberg Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading Wall Street Humbled as Fast-Reversing Markets Confound the Pros Apple Intensifies Talks With OpenAI for iPhone Generative AI Features The Long, Slow Death of Urban Nightlife Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World Traders start looking at prices months in advance to gauge the outlook for demand. Already in mid-April, August power prices for Dallas soared to $168.70 a megawatt-hour, which was the highest level in five years for this time of the year, according to Bloomberg Fair value data. Prices were still hovering around that level on Friday, an 82% premium versus a year earlier. The state's grid operator warned the same day of possible deficient power reserves from April 29 through May 1.
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AES
News
- AES Agrees to Sell its Equity Interest in AES Brasil for Approximately $640 Million [Yahoo! Finance]Yahoo! Finance
- AES Agrees to Sell its Equity Interest in AES Brasil for Approximately $640 MillionPR Newswire
- InvestChile Forum Attracts Record US$9 Billion in Investment Projects [Yahoo! Finance]Yahoo! Finance
- Most shorted S&P 500 utility stocks at April end [Seeking Alpha]Seeking Alpha
- How Grid Enhancing Technologies Are Expanding Electric Power Transmission System Capabilities [Yahoo! Finance]Yahoo! Finance
AES
Earnings
- 5/2/24 - Beat
AES
Sec Filings
- 5/2/24 - Form 8-K
- 5/2/24 - Form 10-Q
- 4/29/24 - Form 4
- AES's page on the SEC website