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July 5, 2024

earnings

Pinnacle West Capital Profit Rises on Customer Growth
Pinnacle West Capital, parent of APS, earned $276 million ($2.46/share) in the third quarter, compared with $263 million during the same period in 2016.
Eversource Q3 Earnings Flat on Mild Weather
Eversource Energy reported third-quarter earnings of $260.4 million ($0.82/share), down nearly 2% from the same quarter in 2016.
Con Edison Q3 Earnings Fall 8%
Consolidated Edison’s Q3 earnings fell 8% to $457 million ($1.48/share), a drop the company attributed to changes in its rate plan and regulatory charges.
Alliant Energy
Weather Leaves Alliant Profit Down Despite Rate Hikes
Alliant Energy announced a quarterly profit of $174.3 million ($0.75/share), down from $179.7 million ($0.80/share) a year earlier.
NRG
NRG Optimistic Despite Q3 Profit Decline
NRG Energy earned $171 million ($0.53/share) last quarter, compared with $402 million ($1.27/share) in the same period last year.
AWEA
GOP Tax Bill Would Trim PTC, Drop Credit for EVs
The tax bill introduced by House Republicans would trim the wind production tax credit by more than a third and eliminate the credit for electric vehicles.
Calpine Profits down 24% in Q3
Calpine reported Wednesday that it earned $225 million in the third quarter ($0.63/share), down 24% from $295 million ($0.83/share) a year earlier.
SCE
Profits up, Edison International Talks Clean Energy Goals
Edison International says its grid will help California meet its clean energy goals, but infrastructure and market improvements are still needed.
SDG&E
SDGE’s Wildfire Costs Undercut Sempra Profits
Sempra Energy’s financial results were hobbled by a decision to deny subsidiary SDG&E request to recoup losses stemming from wildfires a decade ago.
FirstEnergy Selling Merchant Fleet Despite NOPR
FirstEnergy supports the DOE's call to support nuclear and coal-fired units, but that won’t stop the company from selling off its merchant generation fleet.

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