BRIEF-Gladstone Land files for mixed shelf of up to $300 mln - SEC filing
* Files for mixed shelf of up to $300 million - SEC filing Source text: (http://bit.ly/2mU5sbZ) Further company coverage:
Dec 7 - Fitch Ratings' 2013 outlook for the U.S. Utility Parent Companies and Investor Owned Utilities is stable, despite modest deterioration in operating environment due to sluggish sales. Low power prices create a benevolent backdrop of low customer rates, thus providing headroom for utilities to seek rate increase to recover still elevated capital expenditures. Strong capital market access and ample liquidity further support the stable outlook. Fitch's 2013 outlook for the competitive generation companies is negative reflecting a slow recovery in power prices, intensifying retail competition, continued stringent environmental policies, and uneven access to capital markets. The affiliated generation companies are at the highest rating risk unless managements proactively reduce leverage. This, in turn, presents rating pressures for the parent companies with competitive generation subsidiaries. Fitch expects sector EBITDA to grow in 2013 as regulated utilities earn a return on the significant capital investments made in preceding years. However, FFO is expected to decline as the temporary boost from bonus depreciation and other tax incentives fades. The FCF profile, while still a deficit, improves in 2013 as projected capex falls from the 2012 peak. Fitch expects strong liquidity conditions to prevail and low debt financing costs to ease pressure on customer bills, particularly in a period of high capex. Fitch also expects continued industry consolidation. The full '2013 Outlook: Utilities, Power, and Gas' is available at 'www.fitchratings.com'. Additional information is available at 'www.fitchratings.com'. Applicable Criteria and Related Research: 2013 Outlook: Utilities, Power, and Gas
NEW YORK, March 30 A day after two former allies of New Jersey Governor Chris Christie were sentenced to prison in the "Bridgegate" scandal, a state lawmaker who helped uncover the scheme to cause massive traffic jams over a political slight wants to keep pushing for answers to the two biggest unanswered questions.