Integrys Energy Services Reports Higher Electric Unit Margins
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February 25, 2011
Realized retail electric margins at Integrys Energy Services during the fourth quarter of 2010 improved to $24.9 million from $15.8 million a year ago.
Retail electric realized unit margins were higher at $8.49/MWh versus $4.70/MWh a year ago.
Retail electric sales volumes were 2,931.3 GWh in the fourth quarter of 2010, versus 3,361.7 GWh a year ago, reflecting Integrys Energy Services' exit from several markets.
Realized retail gas margins, excluding a lower of cost or market impact, were $14.0 million for the fourth quarter, versus $17.0 million a year ago.
Realized per unit margins for gas were $0.37 per dekatherm versus $0.43 per dekatherm a year ago.
Retail natural gas sales volumes in the quarter were 37.5 Bcf, versus 39.2 Bcf a year ago.
As previously reported (see 2/24), adjusted earnings for Integrys Energy Services increased to $6.9 million for the fourth quarter of 2010, from $2.7 million for the fourth quarter of 2009.
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