Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) said it had teamed up with a Colombian partner to bid for Colombia’s third-biggest power generator, Isagen SA ISG.CN. Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) stock opened at $5.73 in last session, and closed at $5.63, while the day range of CIG stock is $5.55 – $5.76. The stock showed a negative weekly performance of -2.76%.
The venture has notched up successes in signing up some major customers, including US power giant AES Corporation (NYSE:AES) last week, and is backed by private equity player Stonepeak to the tune of $US660 million of equity. AES Corp (NYSE:AES) stock opened at $13.99, in last session and closed at $14.05, by gaining 0.43%. The 52 week range of AES is $11.17 – $15.54. Company’s market capitalization is $10.17billion.
Calpine Corporation (NYSE:CPN) has closed a $425 million term loan B to help fund the acquisition of the 1,050MW Guadalupe combined-cycle project in south Texas. Calpine Corporation (NYSE:CPN) stock advanced 2.06% and finished the last session at $19.85. The EPS of the stock remained 0.04. Company’s market capitalization is $8.40billion.
Because of unplanned shutdowns, a PPL Corp. (NYSE:PPL) nuclear reactor was one of 11 commercial power reactors nationwide not given a federal rating of highest-performing in 2013. PPL Corporation (NYSE:PPL) stock opened the session at $31.32, and closed the session at $31.84. The 52 week range of the PPL stock remained $28.44 – $33.55 and the day range was $31.19 – $31.84.