Utility Companies Announce Quarterly Results and Investment Agreements - Research Report on Pinnacle West, Pepco, Cemig, SCANA,

   Utility Companies Announce Quarterly Results and Investment Agreements -
Research Report on Pinnacle West, Pepco, Cemig, SCANA, and Great Plains Energy

PR Newswire

NEW YORK, August 21, 2013

NEW YORK, August 21, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Investors' Reports announced new research reports highlighting Pinnacle
West Capital Corporation (NYSE: PNW), Pepco Holdings, Inc. (NYSE: POM),
Companhia Energetica de Minas Gerais (NYSE: CIG), SCANA Corporation (NYSE:
SCG), and Great Plains Energy Incorporated (NYSE: GXP). Today's readers may
access these reports free of charge - including full price targets, industry
analysis and analyst ratings - via the links below.

Pinnacle West Capital Corporation Research Report

On August 2, 2013, Pinnacle West Capital Corporation (Pinnacle West) reported
Q2 2013 financial results. During the quarter, the Company reported
consolidated on-going earnings of $131.2 million, or $1.18 per diluted share
of common stock, compared with on-going earnings of $123.1 million, or $1.12
per share, in Q2 2012. "Beneficial weather variations compared with normal
patterns were positive contributors to our second-quarter and year-to-date
results," said Don Brandt, Chairman, President, and CEO of Pinnacle West. "As
a result, we have revised our earnings guidance upward to reflect the
weather's impact on our full-year financial projections." The Company now
expects on-going earnings of $3.55 to $3.70 per diluted share for full-year FY
2013. The Full Research Report on Pinnacle West Capital Corporation -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-13/PNW]

Pepco Holdings, Inc. Research Report

On August 7, 2013, Pepco Holdings, Inc. (Pepco) reported its Q2 2013 financial
results. The Company reported GAAP net income from continuing operations of
$38 million, or $0.16 per share, compared with $53 million, or $0.23 per
share, in Q2 2012. Q2 2013 non-GAAP adjusted net income from continuing
operations was $53 million, or $0.22 per share, compared with $46 million, or
$0.20 per share, in Q2 2012. The Company noted that the year-on-year increase
in adjusted net income was driven by higher electric distribution revenue and
lower operation and maintenance expense. Commenting on the results, Joseph M.
Rigby, Chairman, President, and CEO of Pepco, said, "While second quarter
results were positively impacted by our investments in utility infrastructure
aimed at ongoing improvement of system reliability and customer service,
recent distribution base rate case outcomes have been disappointing." The Full
Research Report on Pepco Holdings, Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.investorsreports.com/report/2013-08-13/POM]

Companhia Energetica de Minas Gerais Research Report

On August 8, 2013, Companhia Energetica de Minas Gerais (Cemig) announced that
its subsidiary, Cemig GT, has approved signature of an Investment Agreement
with Renova Energia S.A. (Renova), RR Participações S.A. (RR), Light Energia
S.A. (light Energia), and Chipley SP Participações S.A. (Chipley), governing
the entry of Cemig GT into the controlling stockholding block of Renova,
through subscription by Cemig GT of new shares to be issued by Renova, and the
structuring of Chipley as a vehicle for growth, in which equity interests
would be owned by Cemig GT and Renova, with assignment to Chipley of the
Agreement for Purchase of Shares in Brasil PCH S.A. The Company reported that
the issue price for the shares in Renova has been set at R$16.23 per common
share. The Full Research Report on Companhia Energetica de Minas Gerais -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-14/CIG]

SCANA Corporation Research Report

On August 1, 2013, SCANA Corporation (SCANA) reported its Q2 2013 financial
results. In Q2 2013, total operating revenues were $1.0 billion, up 11.9% YoY.
The Company reported earnings of $85 million, or $0.60 per basic share, higher
as compared with $72 million, or $0.55 per basic share, in Q2 2012. Jimmy
Addison, Executive Vice President and CFO of SCANA, said, "Year to date,
margins were higher driven by electric base rate increases and customer
growth, as well as a return to normal weather in Georgia during the first
quarter of 2013." The Full Research Report on SCANA Corporation - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.investorsreports.com/report/2013-08-14/SCG]

Great Plains Energy Incorporated Research Report

On August 8, 2013, Great Plains Energy Incorporated (Great Plains Energy)
reported its Q2 2013 financial results. Q2 2013 operating revenues totaled
$600.3 million, down 0.5% YoY. The Company's Q2 2013 earnings amounted to
$63.2 million, or $0.41 per share, compared with $57.7 million, or $0.41 per
share, in Q2 2012. "We continue to see signs of improvement and believe the
economy in our service territory is strengthening," said Terry Bassham,
Chairman and CEO of Great Plains Energy. The Full Research Report on Great
Plains Energy Incorporated - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-14/GXP]

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SOURCE Investors' Reports

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