Southern California Edison increased its estimate of total losses related to claims for 2017 and 2018 wildfire and mudslide events to nearly $8 billion following the settlement of some "exceptionally large" claims during the first quarter of 2022.

The CEO of Arizona's largest utility said he thinks the company has a solid position as it appeals a 2021 rate case decision by state regulators that drove down earnings for the first quarter of 2022.

Executives of Minneapolis, Minnesota-based Xcel Energy touted regulatory approval of its Colorado transmission expansion and favorable outcomes in recent rate cases in Colorado and New Mexico that they say will support Xcel's plan to decarbonize its eight-state system by 2050.

New Mexico's largest utility is considering another appeal to the state's high court after regulators on April 27 voted unanimously to allow Public Service Company of New Mexico to decouple revenue recovery from electricity sales only when a reduction in sales is tied to a utility's energy-e…

Sempra recently reported fourth-quarter 2021 earnings that told an investor story steeped in heavy investment of decarbonization of California's energy system and strategies for distribution of low- and zero-carbon energy.

Executives for Pinnacle West Capital Corp., the parent company of Arizona Public Service, said the Arizona Corporation Commission's November decision to reduce APS' revenue will make it difficult for the company to execute its plans and commitments in the short term as it "resets" financiall…

Edison International, the parent company of Southern California Edison, on Feb. 24 reported profits of $523 million, or $1.38 per share, for the fourth quarter of 2021. This compares with fourth-quarter profits for 2020 of $526 million, or $1.39 per share.

The chief executive of Public Service Company of New Mexico on Feb. 3 told analysts the utility has several options for addressing resource scarcity during peak demand periods this summer, but the company has not yet made a final decision on how to address an anticipated shortfall.

Xcel Energy, the Minneapolis-based parent company of Xcel Energy-Colorado and Southwestern Public Service, which serves eastern New Mexico and West Texas, on Jan. 27 posted net income of $1.6 billion, or $2.96 per share, for full-year 2021. The report reflects an increase of 6 percent compar…

Arizona Public Service executives said they plan to file a new rate case in 2022 after pursuing judicial review of certain elements in the company's most recent rate case, which resulted in a $119-million rate reduction for the utility. In the short term, however, the Nov. 2 rate case decisi…

PG&E Corp. reported a loss of $1.1 million in the third quarter, compared with profit of $83 million in the year-ago period, driven by bankruptcy-related expenses, amortization of wildfire fund contributions and other wildfire and investigation costs.

Edison International, the parent company of Southern California Edison, on Nov. 2 reported a net loss of $341 million, or 90 cents per share, for the third quarter, with adjusted core earnings of $644 million, or $1.69 per share.

Xcel Energy, the Minneapolis-based parent company of Xcel Energy-Colorado and Southwestern Public Service, which serves eastern New Mexico and West Texas, on Oct. 28 posted net income of $609 million, or $1.13 per share, for the third quarter.

PNM Resources, the parent company of Public Service Company of New Mexico, on Oct. 28 reported ongoing earnings of $118 million for the third quarter, translating to earnings per share of $1.32.

Sempra reported earnings of $1.3 billion for the first six months of the year, or $4.24 per diluted share, compared with earnings of $2.99 billion, or $9.91 per diluted share, in the first six months of last year.

PG&E Corp., the parent of Pacific Gas & Electric, on July 29 reported earnings for the second quarter. Not surprisingly, the company's July 29 earnings call focused on the financial impact of public-safety power shut-offs from wildfires and wildfire mitigation.

Edison International, the parent company of Southern California Edison, on July 29 reported second-quarter 2021 profits of $318 million, or 84 cents per share, compared with net income of $318 million, or 85 cents per share, for the same period in 2020. As adjusted, second-quarter 2021 core …

Sempra Energy on May 5 announced earnings attributable to common shares of $874 million in the first quarter, on revenues of about $3.3 billion, compared with earnings of $760 million in the same period a year ago.

PNM Resources, the parent company of Public Service Company of New Mexico, on April 30 reported profit of $17.6 million, or 20 cents per share, for the first quarter of 2021. The results show significant improvement compared with first quarter 2020, when the company posted a loss of $15.3 mi…

Pinnacle West Capital, the parent company of Arizona Public Service, on May 5 reported profit of $35.6 million, or 32 cents a share, for first quarter 2021, an increase of nearly 19 percent compared with the same period in 2020, which showed profit of $30 million, or 27 cents per share.

New PG&E Corp. CEO Patti Poppe vowed to fight charges filed against the company by the Sonoma County District Attorney in connection with the Kincade Fire, which destroyed 374 structures and injured six firefighters.

Edison International, the parent company of Southern California Edison, on April 27 reported profits of $259 million, or 68 cents per share, for the first quarter of 2021. The figures reflect a 42-percent increase over the same period in 2020, in which the company reported profits of $183 mi…

Minneapolis-based Xcel Energy on April 29 reported first-quarter profits of $362 million, or 67 cents per share, compared with $295 million, or 56 cents per share, for the same period in 2020.

New PG&E Corp. CEO Patti Poppe focused on the company's wildfire efforts and a new executive team as she announced earnings of 21 cents per share for the fourth quarter and $1.61 for the full year 2020.

PNM Resources, the parent company of Public Service Company of New Mexico, said the company does not anticipate significant financial impact to TNMP, its Texas transmission and distribution subsidiary, as a result of winter storm outages in Texas the week of Feb. 14.

Edison International, the parent company of Southern California Edison on Feb. 25 reported revenue of $1.7 billion, compared with $1.6 billion in 2019, and profits of $700 million for 2020 compared with $1.3 billion in 2019.

Pinnacle West Capital, the parent company of Arizona Public Service, on Feb. 24 reported 2020 earnings of $4.87 per diluted share compared with $4.70 per share in 2019.

Sempra Energy on Nov. 5 reported third-quarter 2020 GAAP earnings of $351 million, or $1.21 per share, compared to $813 million or $2.84 per share in the third quarter of last year. When adjusted for positives of $7 million related to its sale of South American businesses and a $22 million g…

PNM Resources, the parent company of Public Service Company of New Mexico, on Oct.30 released third-quarter earnings and three days later announced an agreement enabling PNM to exit coal generation seven years ahead of schedule.

Record summer heat in Arizona once again drove earnings for Pinnacle West Capital Group, the parent company of Arizona Public Service. PNW on Oct. 30 announced earnings of $346.4 million or $3.07 per share for the third quarter of 2020 compared with $312.3 million or $2.77 per share for the …

Edison International, the parent company of Southern California Edison, on Oct. 27 reported a net loss of $288 million, or 76 cents per share, for the third quarter. The figures compare with net income of $471 million, or $1.36 per share, for the third quarter of 2019. As adjusted, third-qua…

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…

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.

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…

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.

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…

Pinnacle West, the parent company of Arizona Public Service, posted financial gains for the first quarter of 2020, reflecting weather-adjusted sales growth of 0.8 percent despite the effects of the COVID-19 pandemic.

Executives from Public Service Company of New Mexico on a May 1 conference call told investors and analysts that due to the COVID-19 pandemic it will file in May to the New Mexico Public Regulation Commission to decouple residential and small commercial customer rates from overall sales volu…