Geopolitics Alpha

Minnesota utility regulators grant permit for controversial pipeline to reopen near sacred site

Published . Updated .

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Minnesota utility regulators grant permit for controversial pipeline to reopen near sacred site

The Minnesota Public Utilities Commission is discussing whether to grant a permit to Magellan Pipeline Company to reopen its gas pipeline near the Pipestone National Monument, over the objections of tribal nations who say the site is sacred.

Directly affected

  • No company is named in this report.

Indirectly affected

  • AMLP Alerian MLP ETF-1.7% 30d

    Alerian MLP ETF: it holds pipeline operators. Linked by “pipeline” (pipelines) in this story.

  • XLU Utilities Select Sector SPDR+3.6% 30d

    Utilities Select Sector SPDR: it holds power utilities. Linked by “utility” (power and utilities) in this story.

  • UNG United States Natural Gas Fund-19.6% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas pipeline” (natural gas) in this story.

  • NEE NextEra Energy+10.5% 30d

    NextEra Energy (electric services): power demand and prices drive utility earnings. Linked by “utility” (power and utilities) in this story.

  • KMI Kinder Morgan

    Kinder Morgan (natural gas transmission): pipeline operators earn fees on the oil and gas they move. Linked by “pipeline” (pipelines) in this story.

  • WMB The Williams Companies

    The Williams Companies (natural gas transmission): pipeline operators earn fees on the oil and gas they move. Linked by “pipeline” (pipelines) 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 “utility” (power and utilities) in this story.

  • SO The Southern+9.7% 30d

    The Southern (electric services): power demand and prices drive utility earnings. Linked by “utility” (power and utilities) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
AMLPNo price data for this ticker———————
XLU+0.30%+0.25%baseafter closeafter closeafter closeafter close
UNG-1.94%-1.51%baseafter closeafter closeafter closeafter close
NEE-5.12%-4.49%baseafter closeafter closeafter closeafter close
KMI+12.15%+8.91%baseafter closeafter closeafter closeafter close
WMB+15.76%+12.83%baseafter closeafter closeafter closeafter close
DUK-2.19%-2.90%baseafter closeafter closeafter closeafter close
SO+0.36%+0.43%baseafter closeafter closeafter closeafter close

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.

Minnesota utility regulators grant permit for controversial pipeline to reopen near sacred site MPR News

Source: MPR News

Energy

CompanyWhenMoveStatus
DUKthree days earlier-2.90%final price
DUKfive days earlier-2.19%final price
KMIthree days earlier+8.91%final price
KMIfive days earlier+12.15%final price
NEEthree days earlier-4.49%final price
NEEfive days earlier-5.12%final price
SOthree days earlier+0.43%final price
SOfive days earlier+0.36%final price
UNGthree days earlier-1.51%final price
UNGfive days earlier-1.94%final price
WMBthree days earlier+12.83%final price
WMBfive days earlier+15.76%final price
XLUthree days earlier+0.25%final price
XLUfive days earlier+0.30%final price

Trades by members of Congress and officials in the stocks in this story

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).

How solid the energy case looks

12 out of 100

“Minnesota utility regulators grant permit for controversial pipeline to reopen near sacred site” scores 12 out of 100. The score uses 1 sources.