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September 15, 2024

Company News

Utilities Make Their Case to Skeptical Wall Street
Investor-owned utilities will have a central role in the expansion of distributed generation and renewables, the industry’s trade group told securities analysts.
Fortis to Acquire ITC Holdings for $11.3B
ITC Holdings, the largest independent transmission operator in the U.S., agreed to be acquired by Canadian utility operator Fortis in a deal valued at $11.3 billion, the companies announced.
Eversource Posts Strong 2015 Results Despite Weak Quarter
Despite mild temperatures that dampened its fourth-quarter performance, Eversource posted 2015 results that easily bested its previous year’s earnings.
Warm Months Fail to Dampen WEC Q4 Earnings
WEC Energy Group reported a 48% jump in net income for the fourth quarter, boosted by its acquisition of Integrys Energy Group.
PPL Earnings Growth Continues After Spinoff
PPL increased earnings from ongoing operations in the fourth quarter although overall results declined due to the spinoff of its generation assets.
CMS Boosts Earnings Despite Declining Revenue
By Amanda Durish Cook CMS Energy boosted fourth-quarter earnings to $106 million ($0.38/share), outpacing the $96 million ($0.35/share) it earned in the las...
Dominion Takes Hit on Warm Weather, Looks to Questar
Dominion Resources blamed December’s “extremely mild weather” for a 15% drop in its fourth-quarter earnings.
NYPSC Denies Entergy Arbiter in Indian Point Investigation
The NYPSC denied Entergy's request for an administrative law judge to handle the company’s objections to the state’s investigation of Indian Point.
Exelon Reiterates March 4 Deadline on PHI Deal
Exelon's primary goal for 2016 is completing the acquisition of Pepco, but the company has contingency plans (an Exelon-PHI merger).
Barge Sale Propels AEP’s Q4 Earnings
Despite posting a decrease in revenue and missing analysts’ predictions, AEP reported a 145% increase in fourth-quarter earnings.

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