earnings
Fourth-quarter earnings of NIPSCO parent NiSource rose to $154.2 million ($0.49/share), up nearly 2% from $151.8 million ($0.48/share) a year ago.
ConEd reported lower fourth-quarter earnings for 2014, but its $0.58/share showing for ongoing operations beat analysts’ consensus by 2 cents.
Earnings from U.S. operations were a bright spot for Spanish utility conglomerate Iberdrola SA, as the company coped with the effects of slashed government subsidies for renewable energy in its home country.
Former FirstEnergy CEO Anthony Alexander announced last week that he will retire just before the company released its year-end earnings report.
PSEG reported fourth-quarter net income of $476 million ($0.94/share), more than double the $200 million ($0.39/share) for the same quarter in 2013.
The summer wasn’t hot enough, at least for most of the PJM utilities reporting third-quarter earnings so far. Companies lamented the lack of 90-degree days.
PJM Company Earnings Report - Pepco Holdings reported a big increase in fourth quarter earnings while FirstEnergy showed a drop.
Duke Energy and PSEG reported increased earnings for 2013, thanks largely to regulated operations.
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