earnings
Xcel Energy reported fourth-quarter earnings of $189 million ($0.37/share), down 16.7% from the same period last year.
Pacific Gas and Electric CEO Geisha Williams said that the utility will fight for the right to recover costs stemming from California wildfires.
CAISO operating revenues jumped 4.4% to $214 million last year on the back of increased Energy Imbalance Market earnings and an uptick in summer activity.
WEC Energy Group’s 2017 earnings surged 28% to $1.2 billion, boosted by a late-year cold snap and federal tax cuts.
During an earnings call, Dominion Energy CEO Thomas Farrell expressed confidence that his company’s lobbying in Connecticut and Virginia are track to benefit the company.
AEP beat Wall Street’s expectations with a positive yearend earnings report, but CEO Nick Akins spent much of a conference call with analysts focused on its Oklahoma subsidiary.
The Top 30 saw improved profits in Q3 over 2016, but revenues fell, and more than half of the companies saw their top and bottom lines shrink.
CenterPoint Energy executives said the company is in “late-stage discussions” over its Enable Midstream Partners gas-gathering and processing joint venture.
Pacific Gas and Electric (PG&E) earnings jumped 42% to $550 million during the third quarter ($1.07/share), boosted in large part by reduced expenses.
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.
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