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Sempra CEO Jeff Martin says he is confident the company will retain the franchise it holds with the city of San Diego for San Diego Gas & Electric, noting that SDG&E has served the city since 1881.

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PNM Resources, the parent company of Public Service Company of New Mexico and Texas-New Mexico Power, plans $3.3 billion in transmission and distribution infrastructure investments from 2020 to 2023, executives said on a July 31 conference call to discuss second-quarter earnings. The investm…

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Executives at Pinnacle West, the parent company of Arizona Public Service, said hotter-than-normal weather led to record-breaking demand and drove up sales and earnings in the second quarter of 2020 despite the continued impacts of COVID-19.

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Edison International executives on July 28 said a decrease in earnings for the second quarter of 2020 compared with the same period in 2019 is largely the result of increased operations and maintenance expenses colliding with "customer uncollectibles" and other expenses related to the corona…

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PG&E Corp. posted a second-quarter loss of $1.9 billion, a sunnier outcome for the company than the $2.5-billion loss in the same period a year ago, as it and utility subsidiary Pacific Gas & Electric emerge from bankruptcy.

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Despite pandemic impacts that have significantly depressed commercial and industrial sales, Xcel Energy of Minneapolis on July 30 reported net income of $287 million, or 54 cents per share, for the second quarter. The figures reflect an increase of $49 million or 8 cents per share compared w…

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Sempra Energy posted higher profits in the first quarter compared with the same period a year ago, with net income of $947 million in the quarter, compared with $518 million in the same quarter last year. Adjusted earnings per share were $3.08 compared with $1.92 in the year-ago period. Semp…

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Xcel Energy of Minneapolis, which provides energy to parts of Colorado, Texas and New Mexico, on May 7 reported first-quarter earnings of 56 cents per share, or $295 million, compared with 61 cents per share, or $315 million, for the same quarter in 2019. The company said it has not seen a b…

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PG&E Corp. on May 1 reported earnings of 57 cents per share for the first quarter of 2020, compared with earnings of 25 cents per share for the same period in 2019, in accordance with generally accepted accounting procedures. GAAP results include noncore items totaling $205 million after…

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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…

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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,…

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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.

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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…

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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.

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Edison International pegged its hopes on a strong performance at utility subsidiary Southern California Edison in the fourth quarter and in calendar year 2016, even as it de-emphasized other underperforming business units.

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Rate increases authorized by the CPUC last year helped drive a big jump in operating revenue at Pacific Gas & Electric.

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PG&E Corp. sees its financial outlook improving with the resolution of a couple of big regulatory cases.

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San Diego-based Sempra Energy on Nov. 2 reported third-quarter earnings of $622 million, an increase of $377 million compared with the third quarter of 2015, just as subsidiary Southern California Gas Co. seeks to resume injection operations at the Aliso Canyon natural gas storage field.