PG&E Corp. said it lost $1.6 billion in the third quarter compared with a gain of $564 million in the same period last year.
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…
Lower-than-average temperatures and humidity drove down third-quarter earnings for Pinnacle West Capital, the parent company of Arizona Public Service.
Southern California Edison equipment was found responsible for the Woolsey Fire, company officials said while discussing third-quarter earnings—just one wildfire-related complication the utility faces.
Planned capital investments will help Xcel Energy procure more renewable resources, launch advanced grid initiatives and improve the customer experience, Ben Fowke, chairman, president and CEO, said as the company announced its third-quarter earnings Oct. 24.
PG&E Corp. on Aug. 9 reported a 2019 second-quarter net loss of $2.6 billion, compared with a net loss of $984 million in the second quarter of 2018, and listed a number of wildfire-related expenses as the primary driver of the losses.
Sempra Energy executives recently joined other utilities in praising wildfire-related legislation signed earlier this year by Gov. Gavin Newsom, saying it improves the operating environment and financial health of the state’s investor-owned utilities.
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.
PNM Resources, the parent company of Public Service Company of New Mexico, reported a loss of $75.9 million in the second quarter of 2019 that executives say is largely attributable to weather.
Southern California Edison on July 25 reported a substantial increase in second-quarter earnings, up $122 million from the second quarter of 2018, and cited new wildfire legislation recently approved by Gov. Gavin Newsom as a primary reason for the growth.