earnings
Vistra Energy boosted its second quarter cash flow by 30% over 2019 and told financial analysts that the best may be yet to come.
Xcel Energy reported improved second quarter earnings despite a drop in sales due to the COVID-19 pandemic, citing lower expenses and favorable weather.
PG&E reported a loss of $3.73/share in the second quarter, driven mainly by $2.5 billion in costs to exit bankruptcy and help pay for the 2019 Kincade Fire.
Entergy reported second-quarter earnings of $361 million ($1.79/share), bettering 2019’s second-quarter performance of $236 million ($1.22/share).
AEP CEO Nick Akins said that his company is innocent of wrongdoing in the alleged bribery scheme that resulted in the passage of Ohio H.B. 6, echoing a similar protestation by FirstEnergy CEO Charles Jones.
NextEra’s FPL plans to propose a $65 million pilot project that will use unneeded solar energy to produce 100% green hydrogen through a 20-MW electrolysis system.
Entergy reported “solid” earnings in the first quarter, saying it has taken quick action to mitigate the effects of the COVID-19 pandemic.
Exelon said its Illinois nuclear plants are “up against a clock,” with the legislature unable to meet to consider withdrawing from PJM’s capacity market.
PPL executives told investors in a first-quarter earnings call that the utility is continuing to meet its 2020 financial results amid the COVID-19 pandemic.
Con Ed’s profits fell nearly 12% in the first quarter and attributed the decline to the effects of the economic shutdown and unusually warm weather.
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