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July 4, 2024

earnings

Con Edison
Con Edison Q3 Earnings up on Clean Energy Growth
Con Ed reported third-quarter net income of $538 million ($1.52/share), up 9.1% compared with $493 million ($1.47/share) in the same period a year ago.
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Eversource Warns of Higher Winter Bills as Gas Prices Bounce Back
Eversource warned that customers will likely see a spike in their bills this winter compared to last year’s, as natural gas prices surge nationwide.
Entergy
Despite Ida, Entergy Reports Strong Quarter
Entergy said it had a "strong" third quarter, despite Hurricane Ida’s landfall in August along Louisiana’s Gulf Coast and its ensuing destruction.
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy Close to Selling Minority Interest in its Transmission Co.
FirstEnergy could announce within weeks the sale of a minority interest — as much as 20% — in its 24,000 mile transmission system.
National Forest Service
PG&E Expects $1B in Costs from Dixie Fire
PG&E said in its Q3 report that it expects a $1.15 billion loss from the massive Dixie Fire this summer and has been subpoenaed by federal prosecutors.
Avangrid
Avangrid ‘Focused on Defeating’ NECEC Referendum
Avangrid is “focused on defeating” a ballot referendum designed to halt construction of the NECEC transmission line, CEO Dennis Arriola said.
Xcel Energy
Xcel Continues Focus on Carbon Reductions
Xcel Energy CEO Bob Frenzel said there is little space between he and his predecessor, Ben Fowke, when it comes to the clean energy transition.
NextEra Energy Resources
NextEra Buying up Water Companies
NextEra Energy has entered into a $45 million agreement to acquire a portfolio of regulated water and wastewater assets in eight counties near Houston.
PSEG
PSEG to Sell Fossil Units to ArcLight Capital
PSEG will sell its 6.7-GW fossil fuel fleet to ArcLight Capital Partners for $1.92 billion as it transforms into a primarily regulated electric and gas utility.
Duke Energy
Duke Highlights Renewable Efforts in Q2 Call
Duke Energy touted its ongoing “clean energy transformation” through its five-year, $59 billion growth capital plan during the company’s second-quarter earnings call.

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