Shields & Company


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Please click on the report of your choice: XLU Market Screens Performance & Street Recommendations, April 22, 2008 XLU Market Screens Performance & Street Recommendations , April 7, 2008 Constellation Energy (CEG) Rating: Hold, April 2, 2008 Carbon Dioxide Displacement Research Note, March 4, 2008 FPL Group (FPL)/ Wind Power Arithmetic III Initiate Coverage: Hold, February 26, 2008 Xcel Energy (XEL) Initiating Coverage, Rating: Hold, December 20, 2007 Electric Utilities Sell Side Report Card, Back Check, April 2007-November 2007 American Electric Power (AEP) Initiating Coverage, Rating: Hold, October 18, 2007 Constellation Energy (CEG) Rating: Hold September 27, 2007 FPL Group (FPL)/ Wind Power Arithmetic II August 9, 2007 FPL Group (FPL)/ Wind Power Arithmetic August 3, 2007 Dominion Resources (D) Sales of E&P Properties Complete : Maintain Buy, July 3, 2007 Ameren Corporation (AEE) Initiating Coverage: Buy, June 22, 2007 Electric Utilities Year-to-Date Price Performance, May 29, 2007 Electric Utilities Comparative Market Performance & Recommendations versus the Dow Industrial, May 9, 2007 Electric Utilities Market Performance Snapshot- Year to Date- April 24, 2007 Texas Nuclear Rush-Doubt It (TXU) (EXC) (NRG) April 10, 2007 TXU Corporation (TXU) Rating: Hold, April 4, 2007 DTE Energy (DTE) Rating: Maintain Hold, February 14, 2007 Electric Utilities Market Performance - Consensus Opinions and Report Card for 2006, January 29, 2007 Constellation Energy (CEG) Rating: Maintain Hold, January 26, 2007 Exelon Corporation (EXC) Rating: Maintain Hold, January 12, 2007 DTE Energy (DTE) Rating: Hold, December 13, 2006 Dominion Resources Rating: Upgrade from Hold to Buy, November 16, 2006 Southern Company (SO) Progress Energy (PGN) October 3, 2006 Electric Utilities Energy Prices- What if the Drop Isn't Temporary?, September 27, 2006 Dominion Resources Rating: Hold, September 26, 2006 DTE Energy (DTE) Initiate Coverage: Hold, August 31, 2006 Exelon Corporation (EXC) Rating: Hold, August 30, 2006 Exelon Corporation (EXC) Rating: Hold, August 2, 2006 WPS Resources (WPS) Rating: Hold, July 25, 2006 SCANA Corporation (SCG) Rating: Buy: Income & Appreciation, June 15, 2006 Exelon Corporation (EXC) Rating: Hold, April 27, 2006 Electric Utilities Recap of Street Recommendations, April 17, 2006 Exelon Corporation (EXC) Rating: Hold, March 23, 2006 Exelon Corporation (EXC) Rating: Hold, March 15, 2006 TXU Corporation (TXU) Rating: Hold, February 28, 2006 Constellation Energy (CEG) Rating: Hold, February 24, 2006 Consolidated Edison/KeySpan Merger? February 17, 2006 Report Exelon Corporation (EXC) Upgrade to Hold, January 26, 2006 FPL Group (FPL)/ Constellation Energy (CEG) January 9, 2006 Report Electric Utilities Consensus Recommendations and Market Performance, December 16, 2005 TXU Corporation (TXU $100; $50 Split Adjusted) Rating: Hold, November 18, 2005 Electric Utilities Comparative Market Performance-Consensus Recommendations, October 11, 2005 Exelon Corporation (EXC) Bankrupt or Not Bankrupt, October 4, 2005 Constellation Energy (CEG) Maintain Market- Perform, September 13, 2005 Electric Utilities Consensus Recommendations and Market Review, August 24, 2005 Exelon Corporation (EXC $54) Rating: Sell, August 4, 2005 Pinnacle West Capital (PNW $45) Rating: Market Perform, July 14, 2005 TXU Corporation (TXU $81) Rating: Market Perform, June 8, 2005 Electric Utilities Consensus Recommendations and Market Performance, May 25, 2005 Duke/CINergy (DUK $28, CIN $42.50): Prior CINergy report March 28, 2005 Market-Perform Both Rated Market Perform, May 17, 2005 Constellation Energy (CEG): Prior report October 22, 2004 Maintain Market- Perform, May 12, 2005 Consolidated Edison (ED)- Follow up to June 24, 2004 Report Hold Conservative Income (Unchanged) April 18, 2005 Report Electric Utilities- Consensus Recommendations and Market Performance: March 30, 2005 Report Cinergy (CIN): Market Perform, Company Report, March 28, 2005 Exelon Corporation (EXC): Maintain Sell Rating, Company Report , March 8, 2005 Cinergy (CIN): Not Rated, Company Report, February 23, 2005 PPL Corporation (PPL): Rating Change from Under Perform to Market Perform and Year-end Earnings Comment, February 8, 2005 Electric & Gas Distribution Consensus Recommendations: December 8, 2004 Report TXU Corporation (TXU): Market Perform, December 6, 2004 Constellation Energy (CEG): Initiating Coverage- Market Perform, October 22, 2004 Exelon Corp (EXC): Progress Report- Maintain Sell Rating, September 9, 2004 Consolidated Edison (ED): Hold Conservative Income (Unchanged), June 24, 2004 Scana Corp (SCG): Initiating Coverage: Buy Income & Appreciation, April 7, 2004 Dominion Resources (D): Response to Legislation: Raised Rating from Under-Perform to Market-Perform, March 12, 2004 Any opinions made in this report are those of the individual making them and may or may not be those of Shields & Company. Shields &Company, its affiliates and subsidiaries and/or their employees may from time to time acquire, hold or sell a position in the securities mentioned herein. While this report has been prepared from original sources and data we believe reliable, we make no representations as to its accuracy or completeness, and our opinion is subject to change without notice. Additional information is available upon request.