Company News
Eversource Energy reported third-quarter earnings of $260.4 million ($0.82/share), down nearly 2% from the same quarter in 2016.
Consolidated Edison’s Q3 earnings fell 8% to $457 million ($1.48/share), a drop the company attributed to changes in its rate plan and regulatory charges.
Alliant Energy announced a quarterly profit of $174.3 million ($0.75/share), down from $179.7 million ($0.80/share) a year earlier.
Calpine reported Wednesday that it earned $225 million in the third quarter ($0.63/share), down 24% from $295 million ($0.83/share) a year earlier.
Edison International says its grid will help California meet its clean energy goals, but infrastructure and market improvements are still needed.
Sempra Energy’s financial results were hobbled by a decision to deny subsidiary SDG&E request to recoup losses stemming from wildfires a decade ago.
FERC denied Public Citizen’s request for rehearing on Entergy’s sale of the James A. FitzPatrick nuclear plant in New York to Exelon.
American Electric Power said the mildest weather conditions since 1992 led its third-quarter sales to fall 12.8% from a year ago, down to $4.1 billion.
Entergy reported a third-quarter profit of $398.2 million ($2.21/share), up from $388.2 million ($2.16/share) a year ago.
FirstEnergy supports the DOE's call to support nuclear and coal-fired units, but that won’t stop the company from selling off its merchant generation fleet.
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