FG Dismisses Reports Of Planned Electricity Tariff Hike
Published . Updated .
The Minister of Power, Joseph Tegbe, has dismissed reports of a planned electricity tariff increase, saying the Federal Government has no such intention.
Directly affected
- No company is named in this report.
Indirectly affected
- XLU Utilities Select Sector SPDR+1.8% 30d
Utilities Select Sector SPDR: it holds power utilities. Linked by “electricity” (power and utilities) in this story.
- XLI Industrial Select Sector SPDR-1.5% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- NEE NextEra Energy+2.6% 30d
NextEra Energy (electric services): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story.
- CAT Caterpillar-23.7% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DUK Duke Energy+7.5% 30d
Duke Energy (electric and other services combined): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story.
- DE Deere-0.9% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- SO The Southern+7.7% 30d
The Southern (electric services): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story.
- WMT Walmart+14.9% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLUNo price data for this ticker | — | — | — | — | — | — | — |
| XLINo price data for this ticker | — | — | — | — | — | — | — |
| NEENo price data for this ticker | — | — | — | — | — | — | — |
| CATNo price data for this ticker | — | — | — | — | — | — | — |
| DUKNo price data for this ticker | — | — | — | — | — | — | — |
| DENo price data for this ticker | — | — | — | — | — | — | — |
| SONo price data for this ticker | — | — | — | — | — | — | — |
| WMTNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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FG Dismisses Reports Of Planned Electricity Tariff Hike LEADERSHIP Newspapers
Source: LEADERSHIP Newspapers
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 2 Oct 2026. That is 29 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 14 Sep 2026. That is 47 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $1,001 - $15,000 on 2 Sep 2026. That is 59 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 33 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Duke Energy (DUK) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 36 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Duke Energy (DUK), worth $1,001 - $15,000 on 24 Aug 2026. That is 68 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Southern (SO), worth $250,001 - $500,000 on 21 Aug 2026. That is 71 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Southern (SO), worth $1,001 - $15,000 on 10 Aug 2026. That is 82 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 33 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 36 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLU)
Companies mentioned with this story
- XLU Select Sector Spdr Tr
Select Sector Spdr Tr (XLU) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “FG Dismisses Reports Of Planned Electricity Tariff Hike.” Reason on file: Utilities Select Sector SPDR: it holds power utilities. Linked by “electricity” (power and utilities) in this story
- XLI Select Sector Spdr Tr
For “FG Dismisses Reports Of Planned Electricity Tariff Hike,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- CAT Caterpillar
For “FG Dismisses Reports Of Planned Electricity Tariff Hike,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- NEE Nextera Energy
In “FG Dismisses Reports Of Planned Electricity Tariff Hike,” Nextera Energy (NEE) is linked, with no stored direction, medium confidence. Reason on file: NextEra Energy (electric services): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story
- DE Deere
For “FG Dismisses Reports Of Planned Electricity Tariff Hike,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- WMT Walmart
In “FG Dismisses Reports Of Planned Electricity Tariff Hike,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- DUK Duke Energy
For “FG Dismisses Reports Of Planned Electricity Tariff Hike,” Duke Energy (DUK) is linked, with no stored direction, medium confidence. Reason on file: Duke Energy (electric and other services combined): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story
- SO Southern
For “FG Dismisses Reports Of Planned Electricity Tariff Hike,” Southern (SO) is linked, with no stored direction, medium confidence. Reason on file: The Southern (electric services): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story
How “FG Dismisses Reports Of Planned Electricity Tariff Hike” reaches Select Sector Spdr Tr (XLU)
The 31 Oct 2026 story “FG Dismisses Reports Of Planned Electricity Tariff Hike” names Select Sector Spdr Tr (XLU) because of this story.
For Select Sector Spdr Tr (XLU), the reason on file says Utilities Select Sector SPDR: it holds power utilities. Linked by “electricity” (power and utilities) in this story
Select Sector Spdr Tr (XLI) is here too. Its reason reads: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
The price range for Select Sector Spdr Tr (XLU), and the dates in the story
CAT traded between 616.71 and 876.39 across 20 sessions. The latest close on file is 622.77. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 167.42. XLU traded between 39.05 and 42.88 across 20 sessions. The latest close on file is 42.56.
A simple score for Select Sector Spdr Tr (XLU)
46 out of 100
“FG Dismisses Reports Of Planned Electricity Tariff Hike” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.