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Commodities

NWS Warns of Thunderstorms, Flash Floods in Southern New Mexico, Western & Northern Gulf Coast

The US National Weather Service said part of the region stretching from southern New Mexico into the western and northern Gulf Coast is expected to experience flash flooding into Wednesday due to excessive rainfall from heavy thunderstorms.The NWS issued a red flag warning for Colorado's Vail, Aspen, Rifle, Grand Junction, Montrose, and Nucla. The state is primarily served by Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy.In Nebraska, a similar warning was raised for Harrison, Chadron, Scottsbluff, Bridgeport, Alliance, Harrisburg, Kimball, Sidney, Rushville, Oshkosh, Arthur, Hyannis, Chappell, and Ogallala. A major part of the state falls under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.Affected areas in Wyoming included Glenrock, Bill, Lusk, Lance Creek, Glendo, Douglas, Torrington, Wheatland, Chugwater, and Newcastle. These areas primarily fall under the service area of PacifiCorp's Rocky Mountain Power.Also covered under a red flag warning were South Dakota's Edgemont, Hot Springs, Pine Ridge, Kadoka, Martin, Custer, and Wall, primarily served by Black Hills Energy.California's Shasta Dam, Redding, Red Bluff, Corning, Paradise, Oroville, Marysville, Paradise, and Quincy, primarily served by PG&E (PCG) unit Pacific Gas and Electric Company, were also placed under a red flag warning watch.Meanwhile, an extreme heat warning was raised for Oregon's Portland, Oregon City, Corbett, and Hillsboro, primarily served by Portland General Electric and PacifiCorp unit Pacific Power; and Washington's Vancouver, also served by Pacific Power.The NWS issued a flood warning for Missouri's Nevada, Joplin, Osage Beach, Lebanon, Springfield, Jefferson City, Camdenton, Rolla, St Joseph, Boonville, Columbia, Chillicothe, Carrollton, Moberly, Washington, and areas near Mexico. Evergy (EVRG), Ameren's (AEE) Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty are the major service providers in Missouri.A similar warning was issued for areas near Coffeyville and Iola in Kansas, where Evergy is among the major service providers.Areas covered under a flood warning watch in Illinois included Peru, Peoria, Pekin, Canton, Havana, Quincy, Jacksonville, Champaign, Decatur, and Carbondale. Ameren's Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in the state.In Texas, the NWS issued a flash flood warning for Rocksprings, Junction, Fredericksburg, Burnet, Georgetown, San Antonio, Hondo, and Cameron, while parts of Cameron and Denton were covered under a flood warning watch. Sempra (SRE) unit Oncor, and Centrepoint Energy (CNP) are among the major service providers in these places.A flash flood warning was raised for Rutland in Vermont, primarily served by Energir unit Green Mountain Power.The NWS also issued flood warnings for certain pockets of Washington, Oklahoma, Louisiana, Iowa, and Indiana.

$AEE$AQN$BKH$CNP$EVRG$EXC$PCG$SRE$XEL
Commodities

Emergency Coal Plant Orders Generate Over $300 Million in Costs, Limited Benefits, IEEFA Says

Coal plant emergency orders have cost US utilities over $300 million so far while delivering limited operational benefits, according to an analysis by the Institute for Energy Economics and Financial Analysis on Wednesday.The analysis found that those costs have risen over the past year under the administration's effort to prevent coal plant closures and are increasing by over $30 million per month.The Department of Energy has issued over 20 emergency orders under Section 202(c) of the Federal Power Act, a provision intended for events such as wars or energy shortages, the analysis added.Energy Secretary Chris Wright has used the 90-day directives largely to keep aging and often uneconomic coal units available, even as utilities, regulators and grid operators dispute the existence of power emergencies.Utilities typically retire plants through long-term planning designed to reduce costs and shift generation toward more efficient and reliable resources, the analysis said.DOE emergency orders have forced utilities to spend heavily on repairs to aging coal plants that were already scheduled to close, resulting in high costs for ratepayers while delivering little improvement in reliability or long-term benefits.Consumers Energy's 1,331-megawatt J.H. Campbell facility in Michigan has generated the largest expense, costing at least $185 million through March and potentially another $90 million by Aug. 16.Plant owners continue to incur maintenance, fuel storage, pollution-control, staffing, tax and compliance expenses even when many of the affected units rarely produce electricity, according to IEEFA.TransAlta reported $19.9 million in fixed costs during the first three-month order covering its Centralia facility, while the analysis estimated those costs reached $33.1 million through mid-May.Centralia appears to have remained idle since December. TransAlta initially estimated generation costs at $83.44 per megawatt-hour and later at $113.49/MWh, well above the Northwest wholesale average of $27.60/MWh, IEEFA added.CenterPoint Energy (CNP) told the Department of Energy that the 90 MW F.B. Culley Unit 2 operated fully for only five of its first 48 days under an emergency order and still required $16.5 million to $20.5 million in repairs, IEEFA said.As of June 5, the Department of Energy had issued 22 emergency orders covering eight power plants and 12 generating units, including Stanton Unit 1 in Florida, a 453-megawatt unit that owners planned to place into cold shutdown at the end of May.Operational issues extend across several facilities. NIPSCO's Schahfer Unit 18 and Colorado's 45-year-old Craig Unit 1 remained largely inactive despite orders requiring them to stay available, according to the analysis.Coal consumption under the orders totaled 3.03 million tons from June 2025 through March 2026, with just one plant, J.H. Campbell, accounting for 93% of that volume. The total represented just 0.86% of the 350 million tons consumed by US power plants during the same period.Price: $43.06, Change: $+0.32, Percent Change: +0.75%

$CNP
Commodities

NWS Warns of Thunderstorms in Texas, Southern Appalachians; Snowstorm to Impact Central Rockies

The US National Weather Service on Wednesday said areas across Texas to the southern Appalachians may experience severe thunderstorms, while the central Rockies may encounter a snowstorm.Thunderstorms could bring winds of hazardous speeds, hail, tornadoes and flooding to the affected areas. A snowstorm, meanwhile, could down trees, disrupt travel and result in power outages.The NWS issued a severe thunderstorm warning for Arkansas' Hot Springs and Arkadelphia. The state's main electricity providers are Entergy's (ETR) Arkansas unit and American Electric Power's (AEP) Southwestern Electric Power.The agency posted a winter storm warning for parts of Colorado, including Fort Collins, Steamboat Springs, Granby, Boulder, Georgetown, Vail, Denver, Castle Rock, Fairplay, Woodland Park, Pikes Peak, Colorado Springs, Westcliffe, La Veta Pass, and San Luis. The primary service providers in the state are Xcel Energy (XEL) and Black Hills' (BKH) Black Hills Energy.In Wyoming, where PacifiCorp's Rocky Mountain Power and Black Hills Energy are the main electric providers, cities under the same warning include Medicine Bow, Elk Mountain, Bosler, Laramie, Pine Bluffs, Cheyenne, Centennial, and Saratoga.The weather service also placed some parts of the state under a freeze warning. These cities include Cody, Greybull, Worland, Buffalo, Thermopolis, Riverton, Lander, and Casper.In Idaho, the agency posted a similar warning for Rexburg, Rigby, Arco, Idaho Falls, Blackfoot, and Pocatello, primarily served by Rocky Mountain Power and Idacorp (IDA) subsidiary Idaho Power.Colorado cities under the same warning are Craig, Meeker, Rangely, Rifle, Grand Junction, Montrose, Cortez, Durango, Pagosa Springs, Julesburg, Sterling, Greeley, Fort Morgan, Akron, Deer Trail, Limon, Colorado Springs, Canon City, Pueblo, Ordway, Eads, Lamar, La Junta, Springfield, Kim, Trinidad, and La Veta Pass.The NWS also issued a freeze warning for Utah's Logan and Duchesne, within the service zone of Rocky Mountain Power.Texas' Dalhart, mainly served by Xcel Energy, and Oklahoma's Boise City, were under the same warning.In Kansas, the agency posted a similar warning for St. Francis, Goodland, Tribune, and Ulysses. Evergy (EVRG) primarily serves the state.The weather service issued the same warning for Nebraska's Oshkosh, Arthur, Tryon, Stapleton, North Platte, Ogallala, Grant, Imperial, Stockville, and Chappell.In South Dakota, the NWS posted a freeze warning for Huron, Chamberlain, Mitchell, Brookings, and Sioux Falls, primarily served by Otter Tail's (OTTR) power unit, Xcel Energy, and NorthWestern Energy (NWE).Minnesota cities under the same warning include Fergus Falls, Brainerd, Hinckley, St. Cloud, Morris, Willmar, Marshall, and Worthington. Otter Tail Power, Allette (ALE) subsidiary Minnesota Power, Xcel Energy, and Alliant Energy (LNT) are the main electricity providers in the state.In Wisconsin, the agency posted a similar warning for Rice Lake, Eau Claire, Neillsville, Whitehall, La Crosse, Wisconsin Dells, and Marshfield. The state's primary service providers are Xcel Energy, Alliant Energy, MGE Energy's (MGEE) Madison Gas and Electric, and WEC Energy (WEC) subsidiaries, Wisconsin Public Service and We Energies.In Michigan, the weather service issued the same warning for Rogers City, Petoskey, Gaylord, Alpena, Mio, Traverse City, Houghton Lake, Cadillac, Big Rapids, Clare, and Tawas City, within the service zone of CMS Energy (CMS) subsidiary Consumers Energy.The NWS posted a flood warning for Arkansas's Searcy, Tennessee's Memphis, and areas near Washington's Winthrop, served by Puget Sound Energy.In Illinois, places close to Canton, Havana, Jacksonville, Carlinville, and Olney, primarily served by Ameren's (AEE) Illinois unit, were under the same warning.The agency issued a similar warning for some areas in Indiana, including Muncie, Seymour, and Vincennes, where Duke Energy (DUK) and CenterPoint Energy (CNP) are the main service providers.The weather service also placed Michigan's Petoskey, Wisconsin's Janesville, and Minnesota's Ely under the same warning.In Arkansas, the NWS issued a flash flood warning for Hot Springs and Little Rock.

$AEE$AEP$ALE$BKH$CMS$CNP$DUK$ETR$EVRG$IDA$LNT$MGEE$NWE$OTTR$WEC$XEL
Research

Research Alert: CFRA Keeps Buy Opinion On Shares Of Centerpoint Energy, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $1 to $47, 24.1x our next-12-month EPS estimate, a premium to CNP's five-year average of 19.7x. Our 2026 EPS view is unchanged at $1.91, and we initiate our 2027 EPS view at $2.08. EPS guidance was maintained during Q1 earnings, and the $65.5B 10-year capital investment plan was reaffirmed. Notably, this was the first quarter in nearly two years without an increase to the 10-year capital plan. However, management is evaluating over $10B in incremental opportunities and expects to provide updates following a transmission planning refresh in 2H 2026. The company sees 11% or higher rate base growth potential through 2030, which we think would be among the fastest in the multi-utilities sub-industry. In the longer term, we look favorably on CNP's 7%-9% adjusted EPS CAGR target through 2035, with expectations of reaching the 8%-9% mark from 2026-2028, both of which would likely lead most peer utilities, in our view.

$CNP
Wire

Mizuho Securities Adjusts CenterPoint Energy Price Target to $45 From $44, Maintains Neutral Rating

CenterPoint Energy (CNP) has an average rating of overweight and mean price target of $46.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $42.80, Change: $-0.38, Percent Change: -0.88%

$CNP
Commodities

CenterPoint Energy Q1 Electric Throughput Up, Gas Volumes Fall

Houston-based utility, CenterPoint Energy (CNP), saw a modest rise in Q1 electric demand, offset by declines in residential usage and natural gas volumes, the company said in a Thursday update.Total Q1 natural gas throughput for residential, commercial and industrial sectors combined was about 223 billion cubic feet, down from 248 Bcf a year earlier.Natural gas throughput in the residential sector was about 95 Bcf in Q1 2026, compared with 110 Bcf in Q1 2025.Throughput in the commercial and industrial sector was 128 Bcf, down from 138 Bcf a year ago.Total electric throughput in Q1 was 24,957 gigawatt-hours, up from 24,749 GWh a year earlier.Residential customers accounted for 6,398 GWh, down from 6,643 GWh in Q1 2025.The firm also announced over 12 gigawatts of firmly committed industrial load at Houston Electric. It increased its data center load forecast, expecting 8 GW of data center load to be energized by 2029, with 3.5 gigawatts already under construction.

$CNP
Research

Research Alert: Cnp Q1: Eps Beat Despite Interest Expense Pressure; Industrial Pipeline Surges

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CenterPoint Energy reported Q1 2026 non-GAAP EPS of $0.56, up 5.7% Y/Y and 1.0% above consensus, led by $0.11 per share from growth and regulatory recovery, partially offset by unfavorable weather and higher interest expense. The company's debt-to-capitalization of 68.3% remains the highest among Multi-Utility peers at a 59.2% average. We like the earnings trajectory, with industrial load commitments accelerating to 12.2 GW from 7.5 GW in Q4 2025 and data center forecasts increasing to 8 GW by 2029, demonstrating strong execution on interconnection pipeline. Management reaffirmed 2026 non-GAAP EPS guidance at or above the midpoint of $1.89-$1.91, representing 8% growth. We believe the 2025-2028 CAGR of 8.7% is the highest among Multi-Utility peers. The company maintained its $65.5B 10-year capital plan through 2035 with $10B of incremental opportunities identified, while the pending Ohio gas divestiture for ~$2.6B supports portfolio optimization.

$CNP
Wire

BMO Capital Adjusts CenterPoint Energy Price Target to $47 From $46, Maintains Outperform Rating

BMO Capital Adjusts CenterPoint Energy Price Target to $47 From $46, Maintains Outperform Rating

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