Electricity bill sure up next month

Electricity tariff review slightly positive for TNB, says RAM

RAM Ratings Services Bhd expects the electricity tariff review to have a slightly positive impact on Tenaga Nasional Bhd (TNB).

In a statement here today, RAM said the rate revision, effective Jan 1, 2014, would amply cover TNB's higher fuel costs and escalating operational expenses.

"We believe the implementation of an imbalance-cost-pass-through mechanism (ICPT), accompanied by the incentive-based regulation (IBR), should help preserve TNB's long-term financial profile.

"This reinforces our expectation of solid and consistent government support for TNB (rated AAA/stable/), given its critical role as national electricity company," it said.

RAM said the ICPT enabled TNB's fuel cost to be reviewed on a regular basis, while the IBR allowed its efficiency to be incorporated into the base tariff.

Tenaga Q1 earnings up 22.6% to RM1.735bil

Tenaga Nasional Bhd saw its earnings rise 22.6% to RM1.735bil in the first quarter ending Nov 30, 2013, from RM1.416bil in the corresponding quarter last year.

This was from a revenue of RM9.585bil, a 5% improvement from the same period the year before,

The company’s profit before tax, however, went down 20% to RM1.603bil from RM2.003bil.

Earnings per share were 30.74 sen – up 5.03 sen previously. Tenaga did not declare any dividend at the time of writing.

According to Tenaga, the quarter recorded sales of electricity of RM9.0775bil against RM8.8062bil previously.

“The improvement was mainly from sales of electricity in the Peninsula and Sabah, which recorded an increase of 3.3% and 1.6% respectively. The units sold also registered a growth of 2.6% in the Peninsula and 1.4% in Sabah as compared to the corresponding quarter,” it said.

Tenaga said operating profit in the quarter was 13.4% lower at RM1.5229bil from RM1.7578bil due to higher operating expenses incurred during the quarter, but that the higher earnings was due to “significant movement in taxation, being the result of reinvestment allowance incentive of RM201.7mil and the reversal of deferred taxation of RM188.7mil to reflect the change in the taxation rate from 25% to 24%.

it's near 5year high, not worth to "chase" it now

Tariff hike to keep Tenaga 'out of the red', says CEO

Tenaga Nasional Bhd (TNB) will have a stable performance this year as the electricity tariff hike is expected to keep the state-controlled utility "out of the red", CEO Datuk Seri Azman Mohd said.

Azman said the tariff hike took into account fuel and energy cost.

“We are not worse off with the new tariff,” he told reporters after TNB's Chinese New Year charity lunch today.

Also present was TNB director Datuk Chung Hon Cheong who highlighted that only 18% of proceeds from the tariff go to the firm. The balance is funnelled back to the government, Chung said.

TNB reviews its electricity rates every three years. The previous review was in 2011.

Today, Azman said TNB's decision to raise electricty rates would depend on the fuel cost which was governed by global market prices.

we cannot predict which stock, but I think O&G related stock should be good buy, all up within few months yo

I donno if tenaga would go even higher from current level. Why not ask those sifu / expert, I'm still learning

shell listed in bursa malaysia
http://www.bursamalaysia.com/market/listed...stock_code=4324

Tenaga, SIPP sign HOA for Track 4A Pasir Gudang power plant

Tenaga Nasional Bhd has signed a heads of agreement with SIPP Energy Sdn Bhd today for the proposed combined-cycle power plant known as Track 4A in Pasir Gudang, Johor.

According to Tenaga's filing with Bursa Malaysia, the power plant will have an estimated capacity of between 1,000 MW and 1,400 MW.

"[The agreement is] signifying the principal terms of the proposed joint venture with SIPP Energy Sdn Bhd, which will undertake to build, own and operate a power plant of approximately 1,000 MW - 1,400 MW on a land in Pasir Gudang, Johor," Tenaga said.