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Entergy (ETR)
Entergy announced Q3 earnings of $2.32 per share on net income of $455.2 million versus $2.41 per share on net income of $470.3 in the year ago period.
Revenue declined 26 percent to $2.94 billion, down from $3.96 billion in the prior-year period.
Oct 22 · 2:09:00 PM · Source: Press Release
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by Michael Oliveto
Entergy (ETR)
Entergy expressed disappointment in the city of Conroe, Texas’ decision to join the city of Beaumont, Texas in its lawsuit against the company over what it claims is a “staggering” amount of overbilling.
Entergy issued a statement Tuesday saying, “First, we stand by our position that we strongly disagree with the allegations made in the lawsuit, second, we are deeply disappointed that Conroe chose to take this action without having approached Entergy Texas to discuss the issue.” the statement reads.
Oct 21 · 2:36:00 PM · Source: Chron
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by Michael Oliveto
American Electric Power (AEP)
American Electric Power Co Inc announced that its 1,009-megawatt Unit 1 at the Cook nuclear power station in Michigan is now planned to restart by the end of 2009.
In previous statements, AEP said it expected Unit 1 to return in 2009 as early as October. A spokesman for the company now said the unit would not return in October but the company still expected the unit to return in 2009. If the repairs were not successful for an October restart, the company had said, it could remain shut until 2011.
Oct 21 · 12:02:00 PM · Source: Reuters
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by Michael Oliveto
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