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September 11, 2024

Company News

Eversource Looks to Offshore Wind, New Rates for Growth
Eversource Energy said that it will seek to support earnings growth through offshore wind contracts from its Bay State Wind partnership.
CenterPoint Energy
CenterPoint Touts Vectren Deal in Earnings Call
CenterPoint reported first-quarter (Q1 2018) earnings of $241 million ($0.55/share), compared with $160 million ($0.37/share) for the same period in 2017.
NRG
NRG Posts Q1 Profit on Asset Sales, Cost Savings
NRG earned $233 million in the first quarter, compared with a loss of $169 million in the same period last year.
Con Ed Braces for Possible Regulatory Storms
Consolidated Edison’s (Con Ed) Q1 2018 earnings jumped more than 10% on an increased rate base and a weather-related boost in steam revenues.
Invenergy
WEC Delivers Strong Q1 Despite Leadership Uncertainties
Cold weather and a stronger regional economy helped boost WEC Energy Group’s first-quarter (Q1 2018) earnings above expectations.
Edison Hopeful for State Action on Wildfire Liability
Edison International is hopeful that several California bills will ease the financial pressure stemming from wildfire costs.
Izzo: Nukes Outside NJ Likely Eligible for State ZECs
A recently passed New Jersey law could lead to the state subsidizing nuclear plants outside its borders, Public Service Enterprise Group (PSEG) CEO Ralph Izzo said during his company’s first-quarter (Q1 2018) earnings call Monday.
DTE Energy
DTE Highlights Renewable Efforts, Wins Gas Plant Approval
DTE Energy is focused on plans to double its renewable energy capacity by the early 2020s and build a new, controversial $1-billion gas-fired plant recently approved by regulator.
Dominion
Dominion: ‘No Flexibility’ on SCANA Bid
South Carolina legislators continue to maneuver as if there is some room to negotiate the terms of a deal to sell SCANA to Dominion, but Dominion CEO Thomas Farrell emphatically rejected that presumption on a conference call to discuss the company’s Q1 2018 earnings.
PSEG to Pay $39.4M to Settle FERC Investigation
The energy trading arm of Public Service Enterprise Group (PSEG) agreed to pay $39.4 million to settle a FERC investigation into violations of PJM energy market bidding rules over 9 years.

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