Sempra Energy, parent of Southern California Gas Co. and San Diego Gas & Electric, reported strong financial results for last year. The holding company posted $2.1 billion in profit for 2019 and $447 million for the fourth quarter. That represented adjusted earnings per share of $6.78 co…

Pinnacle West Capital, the parent company of Arizona Public Service, on Feb. 21 reported 2019 net income of $538.3 million, or $4.77 per share, up from net income of $511 million, or $4.54 per share, in 2018. For the quarter that ended Dec. 31, the company reported $64 million in net income,…

PG&E Corp., parent of Pacific Gas & Electric, on Feb. 18 reported a $7.7-billion net loss in 2019, eclipsing its $6.9-billion net loss in 2018.

Xcel Energy of Minneapolis reported strong financial gains and noteworthy emissions reductions in 2019 as it added more than 700 MW in wind capacity. The company plans another 2 GW of new wind in 2020 across its eight-state service territory, which includes Colorado and New Mexico. It will a…

PNM Resources, the parent company of Public Service Company of New Mexico and Texas-New Mexico Power, will dedicate resources to transmission upgrades in Texas and regulatory proceedings in New Mexico in the coming months, executives told investors and analysts on a third-quarter earnings co…

Pinnacle West Capital Corp. reported that cooler weather in the second quarter led to a financial loss, and also said it is pulling back on investment in energy storage technology after a utility-scale battery exploded at a substation in April.