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September 11, 2024

Company News

Eversource Q3 Earnings Flat on Mild Weather
Eversource Energy reported third-quarter earnings of $260.4 million ($0.82/share), down nearly 2% from the same quarter in 2016.
Con Edison Q3 Earnings Fall 8%
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
Weather Leaves Alliant Profit Down Despite Rate Hikes
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 Profits down 24% in Q3
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.
SCE
Profits up, Edison International Talks Clean Energy Goals
Edison International says its grid will help California meet its clean energy goals, but infrastructure and market improvements are still needed.
SDG&E
SDGE’s Wildfire Costs Undercut Sempra Profits
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 Denies Rehearing on FitzPatrick Nuclear Plant Sale
FERC denied Public Citizen’s request for rehearing on Entergy’s sale of the James A. FitzPatrick nuclear plant in New York to Exelon.
AEP
AEP Falls Short of Q3 Expectations, Remains Optimistic
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
Entergy Profits up as Company Continues Merchant Gen Exit
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 Selling Merchant Fleet Despite NOPR
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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