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September 12, 2024

Company News

PPL’s Earnings Soar, Exceeding Expectations
PPL earnings from ongoing operations rose 11% to $1.67 billion last year, boosted by a 39% jump in the fourth quarter.
Role of Experimentation, Market Research Increases for Utilities
Electric vehicles and distributed energy resources are increasing the need for utilities to experiment and conduct market research.
Exelon’s Crane Reports ‘Monumental Year’
ZEC legislation bolstered Exelon's earnings per share and helped save the Clinton nuclear generation plant.
Dominion Resources Changing Name to Dominion Energy
Dominion Resources is rebranding itself as Dominion Energy, a change accompanied by a new logo and news of increased earnings.
Xcel Beats Consensus Despite Revenue Shortfall
Xcel Energy reported fourth-quarter revenue of $2.8 billion, up from $2.65 billion a year ago, but short of the expected $3.5 billion.
CMS Touts Generation Reliability, Palisades PPA Replacement
CMS Energy said that 2016 was their best year ever for generation reliability, and boosted earnings for the year to $551 million from $523 million in 2015.
WEC Earnings Call Highlights Natural Gas Efforts
WEC reported net income of $194.4 million for the fourth quarter. The earnings call focused largely on the company’s natural gas initiatives.
APS to Maintain Market Rate Authority in Tucson Electric BAA
Arizona Public Service (APS) can continue to charge market-based rates in Tucson Electric Power’s balancing authority area, FERC ruled.
NextEra Misses Expectations, but Boosts Profits
NextEra boosted its adjusted earnings by 5% in the fourth quarter and 11% for all of 2016, despite falling short of investor expectations on both measures.
AEP’s Akins Optimistic over Regulated Future
AEP reported fourth-quarter operating earnings of 67 cents/share, up almost 40% from a year earlier.

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