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US – Southern/DevvStream get fuel bond OK

Southern Energy Renewables and DevvStream received approval from the Louisiana Community Development Authority to issue up to $402 million in revenue bonds for their biomass-to-fuel facility in St Charles Parish. The facility will produce methanol and sustainable aviation fuel using wood-waste biomass. The approval is a key milestone in project financing, with further steps including a volume-cap request and an executive order from the governor. The bonds are limited obligations payable from project revenues.

Reuters·
US
SO
-0.13%
Reuters·
US
SO
-0.13%

NextEra Energy to host previously announced investor conference on Dec. 8 | NEE Stock News

NextEra Energy will host an investor conference on Dec. 8, 2025, in New York City, discussing long-term growth expectations. Presentation materials and a live webcast will be available. NextEra Energy is a major electric power company in North America, providing diverse energy sources. The announcement includes forward-looking statements subject to risks and uncertainties affecting future results.

StockTitan·
US
NEE
+0.20%
StockTitan·
US
NEE
+0.20%

Enbridge Inc (NYSE:ENB) Declares Dividend Increase - C$0.97 Per Share

Enbridge Inc (NYSE:ENB) announced a quarterly dividend increase to C$0.97 per share, a 2.9% rise from the previous dividend of $0.94. The dividend yield is 8.1%, with a payout ratio of 118%, indicating reliance on the balance sheet for payments. Analysts expect earnings of $2.18 per share next year, insufficient to cover the $2.69 annual dividend. Enbridge's stock traded down 0.8% to $47.73, with a market cap of $104.10 billion.

Market Beat·
US
ENB
-0.06%
Market Beat·
US
ENB
-0.06%

DevvStream and Southern Announce Plans to Combine and Form Nasdaq-Listed Company

DevvStream and Southern plan to merge and form a Nasdaq-listed company focused on producing sustainable aviation fuel and green methanol. The merger involves Sierra Merger Sub, Inc. and requires remaining approvals and a successful bond issuance. The structure aims to provide non-recourse financing while protecting equity value. Final bond terms depend on market conditions and further approvals.

Reuters·
US
DEVS
-3.13%
US
SO
-0.13%
Reuters·
US
DEVS
-3.13%
US
SO
-0.13%

PLATTS: 100--Constellation nuclear unit in Illinois reduces output after pump trip

Constellation Energy's LaSalle-1 nuclear unit in Illinois reduced output to 35% after a reactor recirculation pump trip. Crews are investigating the cause and will test equipment before restoring full power.

Reuters·
US
CEG
-1.65%
Reuters·
US
CEG
-1.65%
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