Ringing the register on PPL, PNW, and NWE
Sell PPL @ $29.49 - realized gain of 4.65%
Sell PNW @ $84.96 - realized gain of 10.70%
Sell NWE @ $70.00 - realized gain of 19.27%
PPL has made a few big announcements. They sold their UK business. Got a 3-year rate deal done in Kentucky. And bought Rhode Island assets. The next catalyst is either selling the company or buying someone. So I'll get out of the way with a small gain.
PNW is just up quite a bit and doesn't warrant holding such a small position.
NWE has run too. Quite a bit. And is either going to get purchased (somewhat unlikely) or make a purchase of an increased ownership of a coal power plant, Colstrip, that would create environmental cost risk in the future - or face regulatory hurdles as they look to buy some renewable assets. The easy money has been made here.
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