August 5, 2011
SCANA Energy Narrows Seasonal Loss on Weather
Retail gas marketer SCANA Energy reported a narrowed seasonal loss for the second quarter, with the improvement due to favorable weather.
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Finance & Earnings
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August 5, 2011
First Choice Power Reverses Customer Churn, Grows Book
First Choice Power reported lower ongoing earnings of $9.0 million for the second quarter, versus $10.7 million a year ago, on lower retail pricing and higher marketing costs.
August 4, 2011
PSEG Lowers Forecast for New Jersey Customer Migration
Customer migration in New Jersey had an approximately $5.1 million negative impact on PSEG earnings in the second quarter versus the year-ago period.
August 4, 2011
Integrys Energy Services Reports Lower Earnings Despite Higher Retail Margin
Core earnings at Integrys Energy Services decreased in the second quarter to $1.2 million, from $3.4 million a year ago.
August 4, 2011
SouthStar Energy Services Developing New Products to Retain Margin
SouthStar Energy Services contributed EBIT of $1 million to parent AGL Resources for the second quarter of 2011, which is even with the year-ago contribution.
August 4, 2011
WGES Reports Higher Earnings, Customer Count Down Marginally Versus March 31
WGL Holdings' retail energy marketing segment reported higher operating earnings of $7.8 million for the quarter ending June 30, 2011, versus $6.0 million a year ago.
August 4, 2011
Reliant Energy Posts Continued Customer Growth, Affirms Northeast Mass Market Expansion
Reliant Energy reported lower adjusted EBITDA for the quarter of $176 million, down from $195 million a year ago, on lower unit margins, parent NRG Energy reported this morning.
August 3, 2011
Constellation's NewEnergy Segment Reports Higher Earnings
Constellation's NewEnergy segment reported higher adjusted earnings of $52 million for the second quarter, versus $44 million a year ago.
August 3, 2011
Duke Energy Retains Stable Level of Migrated Load at Duke Energy Ohio
Duke Energy is serving 72% of retail generation load at Duke Energy Ohio, either through utility Standard Service Offer sales or sales by affiliate Duke Energy Retail Sales.
August 2, 2011
FirstEnergy Solutions Sees Two-Thirds Increase in Direct Retail Sales
Direct retail sales by FirstEnergy Solutions in the second quarter of 2011 increased by two-thirds versus the year-ago quarter, FirstEnergy Corp. disclosed today in reporting earnings.
August 1, 2011
Calpine Bullish on ERCOT Market, Evaluating Incremental Capacity Additions
Calpine said that it is "dusting off" plans to add to its existing fleet in ERCOT through incremental brownfield development, in reporting earnings Friday.
July 29, 2011
Dominion Retail Reports Higher Earnings
Dominion Retail reported higher EBIT of $25 million for the quarter ending June 30, 2011, up from $13 million a year ago, and at the high end of the forecast range of $10-$25 million.
July 29, 2011
Residential Churn at TXU Energy Steady
TXU Energy lost a net of 33,000 residential customers from March 31, 2011 through June 30, 2011, Energy Future Holdings reported in a 10-Q this morning.
July 28, 2011
Briefly
Green Mountain Energy Signs Lord & Taylor
July 28, 2011
Direct Energy Reports Higher Profits, Lists Top Markets for Residential Entry
Direct Energy reported a 32% increase in profit for the first six months of 2011, from US$212 million to US$279 million, due to strong sales performance of Direct Energy Business as well as the acquisitions of Clockwork Home Services and the Wildcat Hills gas assets.
July 27, 2011
Exelon Energy Retail Electric Volumes Up by Over 50%
Retail supplier Exelon Energy recorded "significant growth" during the first six months of the year, executives said during an earnings call this morning.
July 11, 2011
Briefly
Dynegy Anticipates Re-organizing into Coal, Gas Subsidiaries
July 4, 2011
Direct Energy Focuses on Small Business Market for Growth
Direct Energy is making small business sales a key driver in its U.S. growth plans, executives recently told investors at a Centrica investor conference.
June 22, 2011
The Power Company to Expand Brokering Business
The Power Company, a broker-consultant, said that it has formed a relationship with Capital Window Corporation, a provider of end-to-end investment packaging and business services, "to advance the company's marketability and define investment opportunities for national expansion in the growing…
June 14, 2011
IDT Energy Reports Second Consecutive Quarter of Customer Growth
IDT Energy reported $8.6 million in income from operations for the quarter ending April 30, 2011, versus $9.9 million a year ago, due to higher marketing expenses and well as a decrease in natural gas gross margin.
June 10, 2011
Sources: PNM Resources Conducting Auction for Disposition of First Choice Power
PNM Resources has commenced an auction process for the disposition of First Choice Power, and potentially its Optim Energy generating facilities as well, two sources familiar with the process told Matters.
May 23, 2011
MXenergy Adjusted Earnings Lower on Gas Customer Attrition
MXenergy reported lower adjusted EBITDA for the quarter ending March 31, 2011 of $45.9 million, versus $49.7 million a year ago, due to lower natural gas gross profit and higher operating expenses.
May 20, 2011
Just Energy Reports Higher Earnings on Weather, Customer Additions
Just Energy Group Inc. reported adjusted EBITDA of $118.3 million for the quarter ending March 31, 2011 (fourth quarter of fiscal 2011), up from $109.0 million a year ago (all figures Canadian).
May 17, 2011
CenterPoint Competitive Gas Supplier Reports Flat Earnings
CenterPoint's Competitive Natural Gas Sales and Services unit reported adjusted earnings of $12 million for the first quarter of 2011, flat versus the year-ago quarter, the company announced earlier this month.
May 9, 2011
Direct Energy U.S. Residential Churn Steady
Direct Energy's residential churn levels in the U.S. remain at the lower levels achieved towards the end of 2010 while organic customer growth in the Northeast continues, parent Centrica said this morning in an interim management statement.