Electric Utilities Announce Service Agreements, Dividends, and Earnings Results - Research Report on IDACORP, Cleco, HEI, UNS Energy, and Black Hills

NEW YORK, September 9, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Investors' Reports announced new research reports IDACORP, Inc. (NYSE: IDA), Cleco Corporation (NYSE: CNL), Hawaiian Electric Industries, Inc. (NYSE: HE), UNS Energy Corporation (NYSE: UNS), and Black Hills Corporation (NYSE: BKH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

IDACORP, Inc. Research Report

On August 1, 2013, IDACORP, Inc. (IDACORP) reported Q2 2013 financial results. In Q2 2013, the Company's total operating revenue was $303.9 million, up 19.3% YoY. Q2 2013 net income attributable to the Company was $45.5 million, or $0.91 per diluted share, compared with $35.3 million, or $0.71 per diluted share, in Q2 2012. "The strong second quarter resulted from improved operating results due to sustained focus on our core business combined with impacts of drier and warmer than normal weather conditions," said LaMont Keen, President and CEO of IDACORP. Keen added, "We successfully operated through a hot, dry quarter that brought significant usage from irrigation pumping and air conditioning. The increased usage helped boost our operating and financial performance this year. We continue to see warmer than normal conditions beyond the quarter as triple-digit temperatures persist throughout our service territory. On July 1 and 2, Idaho Power reached consecutive record overall peak-hour average system loads of 3,402 and 3,407 megawatts, respectively, breaking the record set last July of 3,245 megawatts." The Full Research Report on IDACORP, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/IDA]

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Cleco Corporation Research Report

On August 7, 2013, Cleco Corporation (Cleco) announced that its subsidiary, Cleco Power LLC (Cleco Power), has reached a 20-year agreement with the City of Alexandria, approving the Company to provide capacity, energy, and market participant services to the city. Upon receiving final approval from the Alexandria City Council, the new agreement will be effective after the expiration of the current contract that ends in summer of 2015. "This contract follows the wholesale model we have designed for our utility's growth strategy, and also provides a platform for the city's long-term planning for future power needs," said Darren Olagues, President of Cleco Power. The Full Research Report on Cleco Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/CNL]

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Hawaiian Electric Industries, Inc. Research Report

On August 8, 2013, Hawaiian Electric Industries, Inc. (HEI) reported Q2 2013 financial results. In Q2 2013, the Company's revenues totaled $796.7 million, down 6.7% YoY. Consolidated net income for common stock in Q2 2013 was $40.6 million, or $0.41 per diluted share, compared with $38.8 million, or $0.40 per diluted share, in Q2 2012. "HEI's stable financial results in the quarter were consistent with our expectations. Higher bank earnings compared to the same quarter last year helped offset slightly lower utility earnings which were primarily driven by a customer refund recorded in the quarter," said Constance H. Lau, President and CEO of HEI. The Full Research Report on Hawaiian Electric Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/HE]

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UNS Energy Corporation Research Report

On August 2, 2013, UNS Energy Corporation (UNS Energy) announced that its Board of Directors has declared a third quarter dividend of c.$0.44 per share. The dividend is payable on September 25, 2013, to common shareholders of record as of September 3, 2013. The Full Research Report on UNS Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/UNS]

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Black Hills Corporation Research Report

On September 4, 2013, Black Hills Corporation (Black Hills) announced that it will now provide natural gas service to 56 customers in Agenda, Kansas, after closing on the purchase of the town's natural gas system. "Our employees look forward to providing safe, reliable natural gas service to the residents of Agenda, who will have the immediate support of our entire gas utility team, access to excellent customer service, and a menu of convenient account management options," said Lon Meyer, General Manager of Black Hills Energy. Meyer added, "Black Hills is a strong, stable company, and we are always open to discussing opportunities for growth and committed to delivering exceptional value in safe, reliable natural gas service to our customers in communities throughout Kansas." The Full Research Report on Black Hills Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-04/BKH]

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