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Finance & Earnings

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FirstEnergy Solutions Reports Increased Direct Retail Sales

Increased competitive retail sales directly to large and mass markets customers by FirstEnergy Solutions, net of the impact from changed pricing versus the year-ago, led to a $164 million improvement in commodity margin during the fourth quarter of 2011, FirstEnergy said in reporting earnings.

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AGL Retail Supply Earnings Lower on Weather

AGL Resources' retail energy operations segment, which now consists of SouthStar Energy Services, and for 22 days in 2011, several Nicor retail energy businesses, reported lower EBIT of $93 million for the year 2011, versus $103 million a year ago.

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Just Energy Reports Higher Gross Margin

Just Energy reported a 5% increase in gross margin from retail energy marketing, which helped grow company-wide Adjusted EBITDA for the quarter ending December 31, 2011 to $88.5 million, versus $76.8 million a year ago (all figures Canadian).

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Finance & Earnings News (Page 48) | EnergyChoiceMatters.com