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September 17, 2024

Company News

PSEG Q4 Profits More than Double over 2013
PSEG reported fourth-quarter net income of $476 million ($0.94/share), more than double the $200 million ($0.39/share) for the same quarter in 2013.
Company Briefs
News briefs on companies doing business with RTOs. This week we include Ameren, NextEra, Xcel, Calpine, Exelon, PPL, NRG, PSEG, Dynegy and AEP.
Duke Reaches $102M Settlement over Ash Spill; Q4 Earnings Down
Duke Energy said Friday that it had reached a $102.2 million settlement with the federal government to end the investigation into the Dan River ash spill and the company’s ash basin operations at other North Carolina plants.
NiSource Profits Nudge up in Fourth Quarter
Fourth-quarter earnings of NIPSCO parent NiSource rose to $154.2 million ($0.49/share), up nearly 2% from $151.8 million ($0.48/share) a year ago.
PJM CEO Terry Boston to Retire
PJM President and CEO Terry Boston plans to retire effective Dec. 31. A search for a replacement is already underway.
AEP Earnings Drop; Seeks Boost from Capacity Market Changes
AEP reported fourth-quarter earnings of $191 million ($0.39/share), compared with $346 million ($0.71/share) for the same period last year.
Exelon Earnings Down; Blames Mild Weather
Exelon reported fourth-quarter earnings Friday of $18 million ($0.02/share), compared with $495 million ($0.58/share) in 2013.
Earnings up, PPL Seeking Rate Boost in Pa.
PPL will file a base distribution rate case this year for its Pennsylvania business, CEO Bill Spence said during the company’s fourth-quarter earnings call.
Despite Earnings Dip, Wisconsin Energy Charged up by Economy, Integrys Merger
Wisconsin Energy Corp. profits fell 16% in the fourth quarter on warmer weather and $6 million in costs related to its proposed acquisition of Integrys.
Dominion Earnings Dip as It Builds for Future
Dominion, a company that has made some dramatic shifts in direction in the past year, announced a significant drop in reported earnings for Q4 2014.

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