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American Electric Power (AEP)
American Electric Power is being required by The U.S. Environmental Protection Agency to conduct safety tests on waste impoundments at a West Virginia coal-burning plant to ensure their structural stability.
Although the impoundments at the Philip Sporn plant aren't considered an immediate failure risk, EPA said it was requiring the tests because the structures have similar designs to one that failed last December in Tennessee.
Nov 3 · 1:26:00 PM · Source: AP
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by Michael Oliveto
Consolidated Edison (ED)
Consolidated Edison Monday said it posted third-quarter earnings of $336 million, or $1.22 a share, up from $269 million, or 98 cents a share in the year-ago period.
Wall Street analysts expect earnings of $3.11 a share.
Nov 2 · 1:14:00 PM · Source: Company News Release
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by Larry Etter
Duke Energy (DUK)
Duke Energy said Friday third-quarter net income fell to $109 million, or 8 cents a share, from $215 million, or 17 cents a share in the year-ago period. Third-quarter adjusted earnings totaled 40 cents a share. Revenue fell to $3.4 billion from $3.5 billion.
Oct 30 · 9:24:00 AM · Source: Company News
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by Larry Etter
Exelon (EXC)
Exelon Corporation declared a regular quarterly dividend of $0.525 per share on Exelon`s common stock.
The dividend is payable on December 10, 2009, to shareholders of record on November 13, 2009.
Oct 29 · 12:05:00 PM · Source: Reuters
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by Michael Oliveto
Entergy (ETR)
Entergy Louisiana's 669,000 customers could face a bill of $208.9 million if state utility regulators agree with the company's plan to scuttle the Little Gypsy power plant conversion in southeastern Louisiana.
Touted only two years ago by the utility and regulators as a major cost-saver for electricity customers, the combination of much-lower natural gas prices and the uncertainty of future carbon legislation led to the project's three-year suspension by the Public Service Commission in April.
Oct 29 · 11:25:00 AM · Source: Mercury News
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by Michael Oliveto
Pacific Gas & Electric (PCG)
PG&E today reported third quarter profit of $321 million, or 83 cents a share, up from $307 million, or 83 cents, a year earlier. On a non-GAAP basis, the company earned 93 cents a share compared with 83 cents. Revenue fell 12% to $3.23 billion.
Earnings beat analysts expectations.
Oct 29 · 10:46:00 AM · Source: Company News Release
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by Larry Etter
PPL (PPL)
PPL, a Pennsylvania-based seller of electricity, today reported third-quarter earnings of $20 million, or 5 cents a share, down from $203 million, or 54 cents a share, a year earlier. Excluding items such as hedging and tax-related charges, earnings rose to 52 cents from 45 cents. Total operating revenues decreased to $1.805 billion from $2.971 billion a year ago.
Revenue slumped 39% to $1.81 billion on hedging activity.
The company reaffirmed 2009 and 2010 earnings forecasts.
Oct 29 · 10:16:00 AM · Source: Company News
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by Larry Etter
American Electric Power (AEP)
American Electric Power today reported 2009 third-quarter earnings of $443 million, or $0.93 per share, compared with $374 million, or $0.93 per share, for third-quarter 2008. Revenue dropped 16% to $3.5 billion as cool summer weather and the ongoing recession weighed on sales.
Company CEO said company's sales to industrial customers in the third quarter were down 17 percent from a year ago, a slight improvement from second quarter, when industrial sales were down 20 percent.
Oct 29 · 9:44:00 AM · Source: Company News Release
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by Larry Etter
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