Firstenergy (FE)

FirstEnergy Corp. said today third quarter 2009 basic and diluted earnings of $0.77 per share of common stock on net income of $230 million and revenue of $3.4 billion. In the third quarter of 2008 basic earnings were $1.55 ($1.54 diluted) per share of common stock on net income of $471 million and revenue of $3.9 billion.
The company said economic downturn and mild weather in its service area held down third quarter results.

Oct 27 · 10:30:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Exelon (EXC)

Excelon reported earnings of $1.14 per share on net income of $757 million versus $1.06 per share on earnings of $700 million in the year ago period.
"We are achieving our financial commitments despite difficult weather, economic and market conditions," said John W. Rowe, Exelon’s chairman and CEO. "We continue to deliver cost savings and solid operations as shown by a 94.7 percent nuclear capacity factor for the third quarter and reliable utility performance through the critical summer months. We remain committed to achieving full year 2009 operating earnings within the guidance range we issued last fall and are narrowing that range to $4.00 to $4.10 per share."

Oct 23 · 3:04:00 PM · Source: Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

American Electric Power (AEP)

American Electric Power Co. Inc. reported that the Arkansas Supreme Court will review a lower-court decision overturning a key construction permit for a $1.6 billion coal-fired power plant that a unit of the company is building in the state.
"Obviously we are very pleased that the Supreme Court has chosen to review the case," said Paul Chodak, president and chief operating officer of Southwestern Electric, a unit of AEP, in a press release. He said the permit was rejected by the lower court because of the approval process rather than the merits of building the plant.

Oct 23 · 11:53:00 AM · Source: NASDAQ
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Exelon (EXC)

Oct 23 · 10:36:00 AM
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Exelon (EXC)

Exelon Corp reported an 8 percent increase in third-quarter profit, rising to $757 million, or $1.14 per share, from $700 million, or $1.06 per share, in the year-ago quarter. But the power company's revenue on an adjusted basis fell 17 percent to $4.36 billion.
The company's revenues were well below analysts' average forecast of $5.36 billion.

Oct 23 · 10:32:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto