Edition:
United States

EDP Energias de Portugal SA (EDP.LS)

EDP.LS on Lisbon Stock Exchange

2.69EUR
22 Feb 2018
Change (% chg)

€0.01 (+0.41%)
Prev Close
€2.68
Open
€2.67
Day's High
€2.70
Day's Low
€2.67
Volume
1,049,924
Avg. Vol
6,394,131
52-wk High
€3.39
52-wk Low
€2.63

Latest Key Developments (Source: Significant Developments)

EDPR Secures 50 MW Long-Term Contract In US
Monday, 12 Feb 2018 12:00pm EST 

Feb 12 (Reuters) - EDP RENOVAVEIS SA ::SECURES 50 MW LONG-TERM CONTRACT IN US.CONTRACT SECURED WITH NESTLÉ TO SELL ENERGY PRODUCED FROM MEADOW LAKE VI WIND FARM.  Full Article

EDPR Awarded Long Term Contracts For 218 MW At Brazilian Energy Auction
Thursday, 21 Dec 2017 03:05am EST 

Dec 21 (Reuters) - EDP RENOVAVEIS SA ::SAID ON WEDNESDAY, THROUGH ITS SUBSIDIARY EDP RENOVAVEIS BRASIL, SECURED A 20-YEAR POWER PURCHASE AGREEMENT (PPA) AT BRAZILIAN ENERGY AUCTION TO SELL ELECTRICITY IN REGULATED MARKET.ENERGY WILL BE PRODUCED BY TWO WIND FARMS TO BE INSTALLED IN THE STATE OF RIO GRANDE DO NORTE WITH REGISTERED CAPACITY OF 121.8 MW AND 97.1 MW.THE INITIAL AWARDED PRICE OF CONTRACTS WAS SET AT R$99/MWH AND R$97/MWH RESPECTIVELY.COMMERCIAL OPERATION EXPECTED TO OCCUR IN JANUARY 2023.  Full Article

EDP: Regulator Announces Electricity Tariffs For 2018
Monday, 18 Dec 2017 02:06am EST 

Dec 18 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAID ON SUNDAY PORTUGUESE ENERGY SERVICES REGULATORY AUTHORITY (ERSE) ASSUMPTION FOR AVERAGE ELECTRICITY PURCHASE COST IN 2018 BY LAST RESORT SUPPLIER, EDP SERVICO UNIVERSAL, WAS REVISED UPWARDS FROM 51 EUROS/MWH TO 54 EUROS/MWH.REGULATED GROSS PROFIT FOR ACTIVITY OF ELECTRICITY DISTRIBUTION IN 2018, OPERATED BY SUBSIDIARY EDP DISTRIBUICAO, WAS REDUCED BY 14 MILLION EUROS TO 1.06 BILLION EUROS.FINAL ANNUAL RATE OF RETURN (ROR) FOR 2018-2020 WAS REVISED DOWNWARDS COMPARED TO PRELIMINARY PROPOSAL OF ERSE.THE FLOOR LIMIT WAS MOVED FROM 5.0 PCT TO 4.75 PCT.THE CAP LIMIT WAS MOVED FROM 10.0 PCT TO 9.75 PCT .FOR THE HIGH AND MEDIUM VOLTAGE DISTRIBUTION SEGMENT, THE PRELIMINARY RATE OF RETURN FOR 2018 WAS MAINTAINED AT 5.75 PCT BEFORE TAXES.  Full Article

EDP sells 584 mln euros of securitization of electricity tariff deficit in Portugal
Thursday, 23 Nov 2017 01:27am EST 

Nov 23 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAID ON WEDNESDAY EDP SERVICO UNIVERSAL SA (EDP SU) SELLS A PORTION OF 2017 TARIFF DEFICIT TO TAGUS - SOCIEDADE DE TITULARIZACAO DE CREDITOS SA, IN THE AMOUNT OF 584 MILLION EUROS.TAGUS WILL FINANCE TRANSACTION THROUGH ISSUANCE OF 600 MILLION EUROS OF SENIOR NOTES, OF WHICH 5 PERCENT WILL BE RETAINED BY EDP SU.2017 TARIFF DEFICIT RESULTED FROM DEFERRAL, FOR A PERIOD OF 5 YEARS, OF RECOVERY OF 2017 OVER COSTS RELATED WITH ACQUISITION OF ELECTRICITY FROM SPECIAL REGIME GENERATORS.  Full Article

EDP 9-month adjusted EBITDA down 4 pct YoY
Thursday, 2 Nov 2017 01:11pm EDT 

Nov 2 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::9-MONTH NET PROFIT 1.15 BILLION EUROS VERSUS 615 MILLION EUROS YEAR AGO.9-MONTH EBITDA 3.27 BILLION EUROS VERSUS 2.89 BILLION EUROS YEAR AGO.9-MONTH REVENUE 4.12 BILLION EUROS VERSUS 4.26 BILLION EUROS YEAR AGO.SAYS NET DEBT 15.14 BILLION EUROS AT END-SEPT VERSUS 15.92 BILLION EUROS AT END-DEC. 2016‍​.SAYS NET PROFIT IMPACTED BY 558 MILLION EURO GAIN FROM SALE OF NED.SAYS 9-MONTH EBITDA ADJUSTED FOR ONE-OFF IMPACTS DECREASED 4 PERCENT YOY.  Full Article

EDP 9-month total generation output down 3 pct YoY
Wednesday, 18 Oct 2017 02:36am EDT 

Oct 18 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAYS INSTALLED CAPACITY AT 26.5 GW AT END-SEPT. UP 7.8 PERCENT YEAR ON YEAR.9-MONTH TOTAL GENERATION OUTPUT DOWN 3 PERCENT YEAR ON YEAR .9-MONTH ELECTRICITY DISTRIBUTION IN PORTUGAL AND SPAIN UP 0.4 PERCENT AT 43,500 GWH YEAR ON YEAR.9-MONTH ELECTRICITY DISTRIBUTION IN BRAZIL UP 0.5 PERCENT AT 18,405 GWH YEAR ON YEAR.9-MONTH GAS DISTRIBUTION IN PORTUGAL AND SPAIN DOWN 7 PERCENT AT 23,306 GWH YEAR ON YEAR.  Full Article

EDP concludes sale of 100 pct of EDP Gas to REN
Wednesday, 4 Oct 2017 12:17pm EDT 

Oct 4 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAYS CONCLUDES SALE THROUGH ITS UNIT EDP IBERIA OF 100 PERCENT OF EDP GAS DISTRIBUTION IN PORTUGAL TO REN GAS.  Full Article

EDP opposes regulator proposal on final adjustment of CMEC
Monday, 2 Oct 2017 04:22am EDT 

Oct 2 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAID ON FRIDAY THE EDP/REN TECHNICAL WORKING GROUP CALCULATED A CMEC (COSTS FOR MAINTENANCE OF CONTRACTUAL EQUILIBRIUM) FINAL ADJUSTMENT AMOUNT OF 256 MLN EUROS.SAYS PORTUGUESE ENERGY SECTOR REGULATOR (ERSE) ISSUED EARLIER ON THE SAME DAY A STATEMENT CONCEARNING CALCULATION OF CMEC MECHANISM WITH AN AMOUNT OF 154 MILLION EUROS.SAYS DOES NOT SEE REASONS FOR DISCREPANCY OF AMOUNTS AND WILL ANALYSE REPORT PREPARED BY ERSE AS SOON AS IT IS MADE AVAILIABLE.SAYS REJECTS ERSE'S ALLEGATIONS THAT CMEC MECHAMISM ENABLED TRANSFER TO LESS DEMANDING FRAMEWORK, COMPARED TO EXISTING ONE UNDER POWER PURCHASE AGREEMENT .SAYS CANNOT TRACE ANY BASIS TO ALLEGED OVERCOMPENSATION STATED IN ERSE'S REPORT, AMOUNTING TO 510 MLN EUROS.  Full Article

REN says conditions met for acquisition of EDP Gas SA
Thursday, 21 Sep 2017 12:02pm EDT 

Sept 21 (Reuters) - REN REDES ENERGETICAS NACIONAIS SA ::SAYS CONDITIONS MET FOR ACQUISITION BY ITS UNIT REN GAS OF TOTAL SHARE CAPITAL OF EDP GAS SA.SAYS EXPECTS TRANSACTION WILL BE COMPLETED WITHIN APPROXIMATELY 15 DAYS.  Full Article

EDP: Brazil's regulator approves 9.34 pct annual tariff increase
Tuesday, 1 Aug 2017 10:41am EDT 

Aug 1 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::BRAZILIAN ELECTRICITY REGULATOR, ANEEL, APPROVES 9.34 PERCENT ANNUAL TARIFF UPDATE FOR EDP ESPIRITO SANTO.BRAZIL'S ANEEL, APPROVES TARIFF UPDATE FOR PERIOD FROM AUG. 7, 2017 TO AUG. 6, 2018.  Full Article