earnings
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.
WEC reported net income of $194.4 million for the fourth quarter. The earnings call focused largely on the company’s natural gas initiatives.
NextEra boosted its adjusted earnings by 5% in the fourth quarter and 11% for all of 2016, despite falling short of investor expectations on both measures.
AEP reported fourth-quarter operating earnings of 67 cents/share, up almost 40% from a year earlier.
The third quarter was a good one for the RTO Insider Top 30, as companies reported a 4% increase in revenues over a year earlier and a 22% increase in net income.
Having finally chased down Oncor, NextEra Energy (NYSE:NEE) has embarked on a charm offensive to ensure it successfully completes its acquisition.
Several companies doing business in the PJM footprint, including PPL, PSEG and Exelon, reported their third-quarter earnings results last week.
Edison International (NYSE:EIX) will continue to upgrade its t&d networks to take advantage of laws aimed at reducing greenhouse gas emissions.
CenterPoint Energy (NYSE:CNP) continues to focus on gas even as its regulated electric business contributed to a strong 3rd quarter earnings report.
With unprofitable power plants dragging down its bottom line, FirstEnergy (NYSE:FE) says it is calling it quits on competitive generation.
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