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July 5, 2024

earnings

Izzo: Nukes Outside NJ Likely Eligible for State ZECs
A recently passed New Jersey law could lead to the state subsidizing nuclear plants outside its borders, Public Service Enterprise Group (PSEG) CEO Ralph Izzo said during his company’s first-quarter (Q1 2018) earnings call Monday.
DTE Energy
DTE Highlights Renewable Efforts, Wins Gas Plant Approval
DTE Energy is focused on plans to double its renewable energy capacity by the early 2020s and build a new, controversial $1-billion gas-fired plant recently approved by regulator.
Dominion
Dominion: ‘No Flexibility’ on SCANA Bid
South Carolina legislators continue to maneuver as if there is some room to negotiate the terms of a deal to sell SCANA to Dominion, but Dominion CEO Thomas Farrell emphatically rejected that presumption on a conference call to discuss the company’s Q1 2018 earnings.
FirstEnergy Announces Mixed Earnings, Plan for FES Bankruptcy
FirstEnergy announced mixed Q1 2018 earnings along with a potential path to exit the bankruptcy of its merchant subsidiaries.
Entergy
OGE, CenterPoint, Entergy Results Up on Tax Cuts
The cut in federal corporate income taxes figured prominently in fourth quarter earnings reports by OGE Energy, CenterPoint Energy and Entergy.
PSEG Head Confident Nukes Will Get Support
PSEG CEO Ralph Izzo expressed confidence that the company’s five nuclear power plants will receive subsidies through New Jersey legislation.
Consumers Energy
CMS Energy Plans a Zero-Coal Future by 2040
Utility giant CMS Energy pledged it would phase out all coal generation by 2040, days after releasing its 2017 earnings report.
Eversource
Eversource Outlook Unhampered by Northern Pass
Eversource Energy said it has the levers to keep earnings growing — with or without its troubled Northern Pass transmission project in New Hampshire.
FirstEnergy
FirstEnergy CEO Predicts Death of FES, Coal, Nuclear
FirstEnergy CEO Charles Jones said the company’s floundering FES merchant generating arm is now under a death watch.
ConEd
Con Edison Q4 Earnings Up 144%
Consolidated Edison fourth-quarter net income increased 144% to $505 million ($1.63/share) from $207 million ($0.68/share) in 2016.

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