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February 28, 2011
Connecticut Light & Power on Friday filed an updated Purchase of Receivables discount rate of 0.90%. CL&P will use the new factor effective with the purchase of supplier receivables for April 2011. The updated factor reflects the average uncollectibles factor from the past two years, 1.16% in 2009…
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.
February 25, 2011
Despite a 7% decline in total residential energy supply customers year-over-year, Direct Energy said that its Texas residential book saw improved retention, driving churn to its lowest ever level.
February 24, 2011
Flash: Direct Energy Loses 90,000 Residential Customers in Second Half of 2010
February 23, 2011
The migration of customers away from Basic Generation Service negatively impacted PSEG Power's earnings by about $5.1 million in the fourth quarter of 2010 versus the year-ago quarter, parent Public Service Enterprise Group said yesterday.
February 23, 2011
Reliant Energy reported adjusted EBITDA for the quarter ending December 31, 2010 of $117 million, up from $104 million a year ago, on lower operating costs primarily due to better customer payment habits and attendant decrease in bad debt expense.
February 22, 2011
Reliant Energy lost 9,000 net mass market customers during the quarter ended December 31, 2010 versus its total as of September 30, 2010, a significant improvement from the two most recent quarters, parent NRG Energy said in reporting earnings this morning.
February 21, 2011
Superior Plus' fixed-price energy services business generated gross profit of $7.9 million for the fourth quarter of 2010, down from $8.4 million a year ago, on lower natural gas gross profits due to reduced sales as a result of exiting the direct residential natural gas markets in Ontario and…
February 21, 2011
It's "too early to tell" if the weather-related price spikes in the ERCOT market will change current retail pricing strategies, TXU Energy CEO Jim Burke said during an earnings call Friday.
February 18, 2011
Interstate Gas Supply Seeking Maryland Electric License According to the Maryland PSC's list of official filings, Interstate Gas Supply, Inc. applied on February 17 for a license to supply electricity or electric generation services in Maryland. A copy of the application was not immediately…
February 17, 2011
FirstEnergy Solutions increased its share of sales in its affiliated franchised utility territories in Ohio to 81.4%, FirstEnergy Corp. disclosed in reporting fourth-quarter earnings.
February 15, 2011
MXenergy reported higher net income of $25.7 million for the three months ending December 31, 2010, versus $18.2 million a year ago, as well as higher Adjusted EBITDA of $22.0 million versus $20.8 million a year ago, on higher electric gross profit and customer growth versus the year-ago quarter.
February 14, 2011
SCANA Energy reported essentially flat earnings in the fourth quarter of 2010 of $10 million, versus $9 million a year ago, parent SCANA Corp. reported Friday.
February 11, 2011
Just Energy Group Inc. reported higher Adjusted EBITDA of $78.2 million for the quarter ending December 31, 2010 (third fiscal quarter), versus $60.6 million a year ago (all figures Canadian).
February 7, 2011
PPL Corp.'s Supply unit reported higher earnings of $281 million for the fourth quarter of 2010 versus $52 million a year ago.
February 7, 2011
Constellation expects to invest additional marketing dollars over the next few years to expand its NewEnergy retail supplier into new regions and increase the number of mass market customers its serves, Constellation CEO Mayo Shattuck said during an earnings call Friday.
February 4, 2011
In reporting earnings this morning, Constellation Energy reported that its residential offerings in Maryland and New Jersey have resulted in more than 80,000 customers by year end.
February 3, 2011
Non-GAAP operating earnings at WGL Holdings' retail energy marketing segment were $6.7 million for the first quarter of fiscal 2011, versus $7.5 million a year ago
January 31, 2011
Dominion Retail recorded $65 million in operating earnings before interest and taxes for the fourth quarter, up from $51 million a year ago.
January 27, 2011
Capacity prices in PJM must rise in order for new entrants to invest in generation, Exelon CEO John Rowe said during an earnings call yesterday.
January 26, 2011
NextEra Energy, Inc.'s Customer Supply business recorded lower contributions to its parents earnings in the fourth quarter of 2010, but for the full fiscal year 2010, improved its parent's earnings by about $42 million.
December 10, 2010
IDT Energy posted income from operations of $8.8 million for the three months ending October 31, 2010 (first fiscal quarter of 2011), down from $10.5 million a year ago, on lower gross margins.
November 24, 2010
Dynegy shareholders rejected a $605 million bid from The Blackstone Group to acquire the independent power producer, which also stops NRG Energy's planned acquisition, at least as originally envisioned, of what would have been several of the newly acquired plants from Blackstone.
November 16, 2010
WGL Holdings, Inc. has executed a $50 million solar system investment agreement with California-based residential solar system installer, American Solar Direct Inc. (ASDI). Along with the agreement, WGL Holdings has also made a $5 million equity investment in ASDI's parent company, American Solar…
November 15, 2010
MXenergy reported a net loss for the three months ended September 30, 2010 (first quarter of fiscal 2011) of $23.4 million, versus a loss of $10.2 million a year ago.
