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September 12, 2024

Company News

OGE Doesn’t Let Earnings Shortfall Mar ‘Good Year’
OGE reported net income of $57.9 million in the fourth quarter of 2016, compared to $29.4 million the year prior.
Eversource 2016 Results Up Despite Warm Q1
Eversource Energy reported 2016 earnings of $942.3 million, up 7% over 2015 earnings of $878.5 million.
Hearings Over, PUCT, NextEra Ponder Oncor ‘Deal-Killers’
The Texas PUC concluded four days of hearings on NextEra Energy’s proposed $18.7 billion Oncor acquisition on Friday after hearing from both CEOs.
NextEra CEO Crashes PUC Hearings on Oncor Acquisition
NextEra Energy CEO Jim Robo made a last-minute appearance before the PUCT Thursday -- leaving nothing to chance in the company’s pursuit of Oncor.
Big Spending, Shrinking Coal Fleet in NiSource’s Future
NiSource is holding firm to its plan to retire half of its coal generation by 2023 while increasing infrastructure spending from already record levels.
NextEra Still Faces Skepticism over Oncor Acquisition
NextEra Energy's bid to win PUCT approval of its Oncor acquisition will be no slam dunk if the first two days of hearings are any indication.
FirstEnergy Seeking ZECs to Aid Sale of Ohio Nukes
The CEO of FirstEnergy said the company plans to seek subsidies - zero-emission credits (ZECs) - for its Ohio nuclear plants to make them attractive to buyers.
Duke Earnings Dip on Sale of International Operations
Duke Energy saw its 2016 earnings drop more than 20% to $2.15 billion ($3.11/share) from $2.82 billion ($4.05/share) in 2015.
Entergy Beats Expectations Despite 80% Drop in Earnings
Entergy reported its 4th quarter earnings were $55.5 million ($0.31/share), but pleased analysts with the wind-down of its merchant nuclear power business
PGE Sees Future Growth Tied to EVs
PG&E earned $692 million during the fourth quarter of 2016, compared with $134 million during the same period a year earlier.

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