May 9, 2011
First Choice Power Reports Compressed Margins
First Choice Power unit margins were down for the first quarter of 2011, but were partially offset by increased commercial volumes.
HomeNews By TopicFinance & Earnings
Finance & Earnings
Narrow these results by state, topic, company or docket — filters stack, and every story shown carries all of them.
May 9, 2011
Constellation NewEnergy Results Weighed by Lower Margins, Texas Weather Event
Constellation's NewEnergy segment reported an adjusted loss of $16 million for the first quarter of 2011, versus adjusted earnings of $109 million a year ago, due to a combination of the February weather event in Texas, lower margins, as well as charges related to its international divestiture.
May 6, 2011
Flash: First Choice Power Churn Remains Relatively Flat
First Choice Power reported this morning that it lost 1,400 customers from December 31, 2010 to March 31, 2011.
May 6, 2011
PPL Reports Lower Supply Earnings on Reduced Margins
Ongoing earnings at PPL's Supply segment were lower at $205 million, versus $244 million a year ago, on lower energy margins as higher priced hedges continue to roll off.
May 6, 2011
Integrys Energy Services Reports Higher Electric Margins
Adjusted earnings for Integrys Energy Services increased to $11.6 million for the first quarter of 2011, from $5.7 million for the first quarter of 2010.
May 6, 2011
PSEG Reports Flat, "Not Very High" Headroom in New Jersey
Customer migration in New Jersey negatively impacted PSEG Power's earnings by $5.1 million during the first quarter of 2011, though migration was less than expected by PSEG.
May 6, 2011
Reliant "Well Along" Process to Launch Residential Retail Supplier in Northeast
Reliant Energy is "well along" in the process to launch as a residential retail provider in the Northeast, said NRG Energy COO Mauricio Gutierrez yesterday during an earnings call.
May 5, 2011
Superior Plus Reports Higher Gross Profit from Retail Energy Supply
Superior Plus Corp. reported higher gross profit from its fixed-price energy services business of $8.3 million for the first quarter, up from $7.4 million a year ago (all figures Canadian).
May 5, 2011
WGL Holdings Retail Marketing Earnings Rise on Higher Margins, Customer Growth
WGL Holdings' retail energy marketing segment reported higher operating earnings of $7.9 million for the quarter ended March 31, 2011, up from $3.5 million a year ago, on higher electric and natural gas margins.
May 5, 2011
Reliant Reverses Mass Market Churn With Growth of 11,000 Customers in Q1
Reliant Energy reported customer growth in its mass market customer book of 11,000 during the first quarter of 2011.
May 4, 2011
SouthStar Proceeding with N.Y. Expansion, Looks to Maryland
SouthStar Energy Services contributed EBIT of $68 million to AGL Resources for the first quarter of 2011, compared to $74 million for the same period in 2010.
May 4, 2011
Duke Retains 73% of Load at Duke Energy Ohio, Through SSO or Affiliate Retail Sales
Duke Energy is serving about 73% of retail generation load at Duke Energy Ohio, through either sales by Duke Energy Ohio or affiliate Duke Energy Retail Sales, Duke reported in an earnings call yesterday.
May 3, 2011
DPL Energy Resources Share of Migrated Load in Affiliated Service Area Falls to 90%
As of April 15, DPL Energy Resources has retained approximately 90% of the annualized switched retail load to date in its affiliated service area of Dayton Power & Light, parent DPL Inc. said in reporting earnings.
May 3, 2011
FirstEnergy Solutions Targets 3.3 TWh Annual Non-Aggregation Mass Market Sales by 2013
FirstEnergy Solutions plans to grow its non-aggregation residential and small commercial retail generation sales to 3.3 TWh annually by 2013, it will report to investors this morning at an analyst conference.
May 2, 2011
NextEra Wholesale Supply Business Hurt by Customer Migration
NextEra Energy Resources reported adjusted earnings of $189 million for the first quarter of 2011, compared with $196 million in the first quarter of 2010.
May 2, 2011
ERCOT Retail Market Competitive Intensity Higher Than Ever, Burke Says
The ERCOT retail market is as, "about as intense as we have seen in any period over the last decade," TXU Energy CEO Jim Burke said Friday, citing retail offers which he characterized as below the marginal cost of power and wires charges.
April 29, 2011
SCANA Energy Reports Lower Earnings on Weather
SCANA Energy, SCANA's retail natural gas marketing business in Georgia, reported earnings of $22 million for the first quarter of 2011, compared to $30 million for the first quarter of 2010.
April 29, 2011
Dominion Retail Reports Higher Operating Earnings
Dominion Retail reported operating earnings before interest and taxes of $66 million for the first quarter of 2011, up from $38 million a year ago.
April 28, 2011
Exelon, Constellation Announce Definitive Merger Agreement Further Matching Generation, Load Obligations
Exelon and Constellation Energy announced this morning that they have signed a definitive merger agreement to combine the two companies in a stock-for-stock transaction.
April 22, 2011
AEP Reports Success in Competitive Retail Supply Business
AEP's competitive retail supplier is serving about 1.5 million megawatt-hours, AEP CEO Michael Morris said during an earnings call.
April 20, 2011
NRG to Cease Funding New South Texas Nuclear Project
Citing the "diminished prospects for the South Texas Project nuclear development project as a result of the ongoing nuclear incident in Japan," NRG Energy, Inc. said yesterday that it will not invest additional capital in the STP development effort.
March 16, 2011
IDT Energy Reports Customer Growth, Reduced Margin
IDT Energy reversed net churn experienced in the most recent quarter and served approximately 373,000 meters as of January 31, 2011, which is the end of IDT's second fiscal quarter.
March 9, 2011
Dynegy Says Likely to Violate Debt Covenants in 2011, May Force Bankruptcy
Dynegy said in a 10-K filing Tuesday that it may be forced to seek bankruptcy protection if it cannot obtain liquidity to replace existing credit agreements, as it is likely that Dynegy will fall out of compliance with existing debt covenants.
March 2, 2011
First Choice Power Reports Higher Margins in Q4 from Commercial Sales, Expects Continued Unit Margin Compression
First Choice Power recorded higher margins during the fourth quarter of 2010 which helped lift ongoing EBITDA to $7.9 million from $5.8 million a year ago.
March 1, 2011
Flash: First Choice Power Reports Relatively Flat Churn in Fourth Quarter
First Choice Power's customer count as of December 31, 2010 stood at 214,200, versus 215,300 as of September 30, 2010, parent PNM Resources disclosed this morning in reporting earnings.