Company News
NextEra Energy's bid to win PUCT approval of its Oncor acquisition will be no slam dunk if the first two days of hearings are any indication.
The CEO of FirstEnergy said the company plans to seek subsidies - zero-emission credits (ZECs) - for its Ohio nuclear plants to make them attractive to buyers.
Entergy reported its 4th quarter earnings were $55.5 million ($0.31/share), but pleased analysts with the wind-down of its merchant nuclear power business
PG&E earned $692 million during the fourth quarter of 2016, compared with $134 million during the same period a year earlier.
PPL earnings from ongoing operations rose 11% to $1.67 billion last year, boosted by a 39% jump in the fourth quarter.
Duke Energy saw its 2016 earnings drop more than 20% to $2.15 billion ($3.11/share) from $2.82 billion ($4.05/share) in 2015.
Electric vehicles and distributed energy resources are increasing the need for utilities to experiment and conduct market research.
ZEC legislation bolstered Exelon's earnings per share and helped save the Clinton nuclear generation plant.
Xcel Energy reported fourth-quarter revenue of $2.8 billion, up from $2.65 billion a year ago, but short of the expected $3.5 billion.
CMS Energy said that 2016 was their best year ever for generation reliability, and boosted earnings for the year to $551 million from $523 million in 2015.
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