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Sector weakness could threaten power supplies. (News).(Brief Article)
WASHINGTON, DC--Recent financial reverses, including stock price declines and credit downgrades, could discourage energy companies from investing in much-needed new generating capacity and transmission infrastructure, industry officials told a Senate committee on July 24.
The collapse of Enron and subsequent investigations into other energy companies have both caused a significant decrease in investments. "Many of the energy companies that were planning to make significant infrastructure investments only a year ago have since cancelled their plans or sold off assets to improve their financial profile," Federal Energy Regulatory Commission (FERC) Chairman Pat Wood III told the committee.
"Others would like to go ahead but cannot find creditworthy customers to back their plans with solid contracts. Thus, a strong economy and a strong dose of confidence and stability in the nation's energy markets ...
- Prudential Securities Acquires Vector Securities International.
- Press release article from: Business Wire June 9, 1999 700+ words
...investment banking operations of Prudential Securities. - Acquisition will result in...equity research organization. Prudential Securities announced today that it has entered...The combination will establish Prudential Securities as a significant factor in the...
- PRUDENTIAL SECURITIES TO OFFER CLIENTS INTERNET ACCESS THROUGH AT&T...
- Press release article from: Business Wire April 15, 1996 700+ words
...April 15, 1996--Prudential Securities Incorporated and AT...that they will offer Prudential Securities clients easy access...T WorldNet Service. Prudential Securities clients using AT&...
- Foundation For New Era Philanthropy Bankruptcy Trustee, Non-Profits And...
- Press release article from: PR Newswire November 15, 1996 700+ words
...organizations, philanthropists and Prudential Securities Incorporated, announced today...resolve all claims brought against Prudential Securities by the Trustee and certain participants...withdrawal of objections filed by Prudential Securities to other settlements entered into...
- Standard Chartered and Prudential Securities enter into strategic relationship...
- Press release article from: Business Wire May 13, 1997 700+ words
...Standard Chartered Bank and Prudential Securities Inc. announced today...distributed placements. Prudential Securities' distribution teams...Prudential-Bache in Asia and Prudential Securities elsewhere) will distribute...
- PRUDENTIAL SECURITIES (JAPAN) ELECTED TO TOKYO STOCK EXCHANGE BOARD
- Press release article from: PR Newswire July 1, 1992 700+ words
PRUDENTIAL SECURITIES (JAPAN) ELECTED TO TOKYO STOCK EXCHANGE BOARD NEW YORK, July 1 /PRNewswire/ -- Prudential Securities said today that its Prudential Securities (Japan) Limited unit has been elected to the...
- PRUDENTIAL SECURITIES COMBINES CORPORATE LOCATIONS INTO TWO WALL STREET SITES
- Press release article from: PR Newswire August 5, 1992 700+ words
PRUDENTIAL SECURITIES COMBINES CORPORATE LOCATIONS...Aug. 5 /PRNewswire/ -- Prudential Securities announced today that it will...District, beginning in 1994. Prudential Securities, the third largest brokerage...
- Prudential Securities expands investment banking reach with formation of...
- Press release article from: Business Wire January 19, 1995 700+ words
...WIRE)--Jan. 19, 1995--Prudential Securities Inc. today announced that it has...the United States and abroad by Prudential Securities' network of 6,000 retail and...explained Vincent Pica, president of Prudential Securities' Capital Finance Group. "As...
- Prudential Securities Launches Internet Group; Group headquartered in NYC and...
- Press release article from: Business Wire July 14, 1999 700+ words
...BUSINESS WIRE)--July 14, 1999-- Prudential Securities' Investment Banking Group announced...Head of Investment Banking for Prudential Securities. "More and more businesses are...emerging growth clients." In April, Prudential Securities formed a strategic alliance with...