Company News

NextEra Still Faces Skepticism over Oncor Acquisition
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.
FirstEnergy Seeking ZECs to Aid Sale of Ohio Nukes
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 Beats Expectations Despite 80% Drop in Earnings
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
PGE Sees Future Growth Tied to EVs
PG&E earned $692 million during the fourth quarter of 2016, compared with $134 million during the same period a year earlier.
PPL’s Earnings Soar, Exceeding Expectations
PPL earnings from ongoing operations rose 11% to $1.67 billion last year, boosted by a 39% jump in the fourth quarter.
Duke Earnings Dip on Sale of International Operations
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.
Role of Experimentation, Market Research Increases for Utilities
Electric vehicles and distributed energy resources are increasing the need for utilities to experiment and conduct market research.
Exelon’s Crane Reports ‘Monumental Year’
ZEC legislation bolstered Exelon's earnings per share and helped save the Clinton nuclear generation plant.
Xcel Beats Consensus Despite Revenue Shortfall
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 Touts Generation Reliability, Palisades PPA Replacement
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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