earnings
PSEG CEO Ralph Izzo expressed confidence that the company’s five nuclear power plants will receive subsidies through New Jersey legislation.
Utility giant CMS Energy pledged it would phase out all coal generation by 2040, days after releasing its 2017 earnings report.
Eversource Energy said it has the levers to keep earnings growing — with or without its troubled Northern Pass transmission project in New Hampshire.
FirstEnergy CEO Charles Jones said the company’s floundering FES merchant generating arm is now under a death watch.
Consolidated Edison fourth-quarter net income increased 144% to $505 million ($1.63/share) from $207 million ($0.68/share) in 2016.
Exelon executives expressed confidence during a fourth-quarter earnings call that other states will adopt zero-emission credit (ZEC) programs this year.
Xcel Energy reported fourth-quarter earnings of $189 million ($0.37/share), down 16.7% from the same period last year.
Pacific Gas and Electric CEO Geisha Williams said that the utility will fight for the right to recover costs stemming from California wildfires.
CAISO operating revenues jumped 4.4% to $214 million last year on the back of increased Energy Imbalance Market earnings and an uptick in summer activity.
WEC Energy Group’s 2017 earnings surged 28% to $1.2 billion, boosted by a late-year cold snap and federal tax cuts.
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