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July 3, 2024

earnings

OGE Energy
OGE Q1 Earnings up from 2021
OGE Energy says its first-quarter earnings more than quintupled last year’s first quarter, which was marred by the severe winter storm.
Public Service Enterprise Group
PSEG Sees Potential $3B OSW Transmission Spending
PSEG said Tuesday that it could secure projects costing as much as $3 billion under New Jersey’s solicitation seeking proposals for transmission upgrades.
WhisperToMe, Public domain, via Wikimedia Commons
CenterPoint Energy Now a ‘Pure Play Utility’
CenterPoint executives celebrated their company’s status as a "pure play regulated utility” during a first-quarter earnings call with financial analysts.
SWEPCO
AEP Continues to ‘De-risk’ by Shedding Assets
AEP told financial analysts it is continuing to de-risk and simplify itself, reporting increased first-quarter earnings the same day as Xcel Energy did.
Nuclear Regulatory Commission
DOE Plan Unlikely to Save Entergy’s Palisades Nuke
Entergy says it is on course to shut down its Palisades nuclear plant, despite DOE's $6 billion program to prevent the early closure of nuclear plants.
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy Q1 Earnings down Compared to Year Ago
FirstEnergy reported first-quarter adjusted earnings of $288 million ($0.51/share) on revenue of $3 billion, down 18% from the first quarter of 2021.
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NextEra Shares Tumble on Solar Supply Woes
NextEra Energy lost almost 10% of its market value after telling the financial community that issues from Asian suppliers could delay some projects.
Electric cat, CC BY-SA 3.0, via Wikimedia Commons
AEP to Sell Unregulated Renewables Portfolio
AEP said it intends to sell some or all of its unregulated contracted renewable resources and redirect the proceeds to its transmission assets.
U.S. Bureau of Ocean Energy Management
Avangrid CEO: Benefits of OSW Restructuring Not Reflected in Stock
Avangrid’s CEO said during an earnings call that the lease areas that the company now directly controls are “undervalued based on current market prices.”
PSEG
PSEG Looks to Post-fossil Future
PSEG said during its Q4 earnings call that it's looking at further investment in offshore wind projects after completing the sale of its fossil units.

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