Interest Rate

Home>Topics>Interest Rate
Refine Results
  1. All
  2. Online Articles
  3. Magazine Articles
  4. Videos
  1. Berkshire Hathaway Energy sees less income due to renewable investments, fuel cost

    Berkshire Hathaway Energy said recently in a Securities and Exchange Commission filing that its affiliate companies financial performance during the second quarter were affected by factors ranging from fuel costs and power costs to monetary factors. Berkshire Hathaway Energy is the utility holding company owned by Warren Buffet’s Berkshire Hathaway. Net income attributable to BHE shareholders decreased $22 million for the second quarter of 2016 compared to 2015 due to many factors. These include: ·      PacifiCorp 's net income increased primarily due to higher margins of $11 million. Margins increased primarily due to lower coal costs, higher retail rates and lower purchased electricity, partially offset by lower retail customer load and lower wholesale electricity revenue from lower volumes. ·      MidAmerican Funding's net income increased due to higher electric margins of $34 million, lower fossil-fueled generation maintenance of $3 million and higher recognized production tax credits of $2 million, substantially offset by lower other income tax benefits of $20 million due primarily to the effects of ratemaking, higher depreciation and amortization of $11 million due to wind power and other plant placed in-service and higher interest expense of $5 million primarily due to the issuance of first mortgage bonds in October 2015. ·      NV Energy 's net income decreased due to higher underlying operating expense of $5 million due to higher property and other taxes and higher depreciation and amortization of $2 million due to higher plant in-service, partially offset by higher electric margins of $7 million. ·      Northern Powergrid's net income decreased largely due to the stronger United States dollar of $5 million. ·      BHE Pipeline Group's net income increased due to lower operating expenses from the timing of overhauls and pipeline integrity projects, higher transportation revenues from expansion projects and lower interest expense due to the early redemption in December 2015 of the 6.676 percent Senior Notes at Kern River, partially offset by higher depreciation expense. ·      BHE Transmission's net income increased $20 million from higher earnings at AltaLink of $15 million primarily due to additional assets placed in-service, changes in contingent liabilities in 2016 and the 2015-2016 GTA decision received in May 2016, partially offset by the stronger United States dollar of $2 million, and $5 million due to higher equity earnings at Electric Transmission Texas, LLC from continued investment and additional plant placed in-service. ·      BHE Renewables' net income decreased primarily due to unfavorable changes in the valuations of a power purchase agreement derivative and interest rate swaps and lower revenue at Imperial Valley and the Solar Star projects, partially offset by higher production tax credits of $12 million, lower geothermal maintenance costs and lower project acquisition costs. BHE, through these businesses, owns four utility companies in the United States serving customers in 11 states, two electricity distribution companies in Great Britain, two interstate natural gas pipeline companies in the United States, an electric transmission business in Canada, interests in electric transmission businesses in the United States, and a renewable energy business.

    Online Articles

    Online Articles

    Wed, 17 Aug 2016

  2. Stress in oil sector causes us corporate default rate to climb

    S&P Global Fixed Income Research expects the US corporate trailing-12-month speculative-grade default rate to increase to 5.6% by June 2017, from 4.3% in June 2016 and 2% in June 2015.

    Online Articles

    Online Articles

    Thu, 18 Aug 2016

  3. MARKET WATCH: NYMEX, Brent oil prices rebound on Saudi comments

    The light, sweet crude oil price for September delivery jumped by nearly $1.80/bbl on the New York market Aug. 11 while the Brent contract for October gained nearly $2/bbl on the London market after a Saudi Arabian official suggested the Saudis would work with other producers to stabilize prices.

    Online Articles

    Online Articles

    Fri, 12 Aug 2016

  4. Pakistani officials oppose proposed interest rate hike for 969-MW Neelum Jhelum hydropower plant

    Pakistani Prime Minister Nawaz Sharif and his cabinet have refused Chinese demands for higher interest rates on a US$576 million loan extended to Pakistan for the 969-MW Neelum Jhelum hydropower project.

    Online Articles

    Online Articles

    Fri, 10 Jul 2015

  1. Egypt gets $25 billion loan from Russia for nuclear power plant

    Online Articles

    Online Articles

    Thu, 19 May 2016

  2. MARKET WATCH: NYMEX crude oil falls slightly on stronger dollar, inventory gain

    Oil prices fell slightly on the New York market May 18, erasing gains from earlier in the week but managing to stay above $48/bbl. Analysts attributed the oil price drop to a strengthening US dollar.

    Online Articles

    Online Articles

    Thu, 19 May 2016

  3. Nuclear Energy News: Egypt gets $25 billion loan from Russia for nuclear plant

    Egypt has announced a $25 billion loan from Russia for the building of a nuclear power plant.

    Online Articles

    Online Articles

    Thu, 19 May 2016

  4. Egypt Gets $25 Billion Loan From Russia for Nuclear Plant

    Egypt has announced a $25 billion loan from Russia for the building of a nuclear power plant.

    Online Articles

    Online Articles

    Thu, 19 May 2016

  5. Yamal LNG project to receive $4.1B loan from Russian banks

    Russia's Novatek-led Yamal LNG project has agreed on terms of $4.1 billion loan from Russian banks Sberbank and Gazprombank, according to Reuters.

    Online Articles

    Online Articles

    Thu, 7 Apr 2016

  6. Origin Energy completes amendment of loan facilities

    Origin Energy Ltd. has completed the amendment of its existing $6.6 billion syndicated loan facilities to reduce the interest rate margin, extend the maturity, and increase the limit of the facilities by $750 million to $7.4 billion.

    Online Articles

    Online Articles

    Thu, 11 Dec 2014

  7. MARKET WATCH: NYMEX oil prices top $40/bbl, Brent for May tops $41/bbl

    Light, sweet crude oil prices closed above $40/bbl on the New York market Mar. 17 for the first time since Dec. 3, 2015, and US natural gas futures settled at nearly $1.94/MMbtu, their highest level in a month.

    Online Articles

    Online Articles

    Fri, 18 Mar 2016

  8. Stone Energy provides bank borrowing update

    Stone Energy Corp. has borrowed $385 million under Stone's bank credit facility, which represents all of the remaining undrawn amount that was available under the credit facility.

    Online Articles

    Online Articles

    Mon, 14 Mar 2016

Get More Results