earnings
Citing hedging losses in ERCOT, NRG Energy reported a 60% drop in earnings from continuing operations for the first quarter.
Declining wind output drove down Avangrid’s first-quarter earnings by 11% compared to a year earlier, company officials said.
AEP beat analysts’ expectations for the first quarter and completed a deal with Sempra Energy that added more than 700 MW of wind generation.
Entergy reported a fourth-quarter loss of $66 million, beating expectations by 12 cents. OGE Energy reported quarterly and year-end earnings of 27 cents/share and $1.48/share, respectively.
Pennsylvania lawmakers must approve nuclear subsidies by May to prevent the retirement of Three Mile Island Unit 1, Exelon CEO Chris Crane said.
Xcel Energy reported it once again met or exceeded its earnings guidance, posting year-end profits of $1.26 billion, compared to $1.15 billion in 2017.
NextEra Energy’s quarterly and year-end earnings surpassed those of 2017 but came up short of analysts’ quarterly expectations.
American Electric Power (NYSE:AEP) reported strong 4th quarter and year-end earnings in line with analysts’ expectations and expect it to continue in 2019.
Pinnacle West Capital is poised to move forward with its own clean energy plans after Arizona voters rejected Proposition 127.
Sempra Energy is on-track to sell its renewable energy assets and invest the funds elsewhere, the company said in its third-quarter earnings call.
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