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Sempra, the utility holding company of San Diego Gas & Electric, Southern California Gas Co. and Texas' Oncor, this week reported an 11-percent increase in annual earnings and provided updates on its subsidiaries' wildfire-hardening and green-hydrogen efforts as well as new liquefied nat…

Pacific Gas & Electric expects load growth of up to 3 percent by 2026, its executive team announced during a fourth-quarter earnings call on Feb. 23, noting that electric vehicles accounted for 23 percent of new-vehicle sales in the utility's territory last year.

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Sempra executives this week were keen to describe the positive corporate moves that enabled the company to increase its earnings to $485 million in the third quarter. However, they said little about a settlement recently reached with state regulators regarding the 2015-2016 methane leak at S…

PG&E Corp. executives touted infrastructure improvements that have mitigated more than 90 percent of the company's wildfire risk, but also acknowledged slightly dimmed financial performance expectations for the year due to costs from wildfires and bankruptcy proceedings.

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…

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…

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…

Pinnacle West Capital Corp. on Aug. 5 announced earnings for the second quarter of 2021, as a 2.3-percent increase in consumer growth led the way to a 7.6-percent increase in operating revenues for quarter-over-quarter improvement. The company reported earnings per share of $1.91, up from $1…

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.

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.

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…

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.

Minneapolis, Minnesota-based Xcel Energy reported fourth-quarter net income of $288 million, or 54 cents per share, reflecting a decrease of $4 million, or 2 cents per share, compared with the same period in 2019. Overall, Xcel, which serves parts of New Mexico and is Colorado's largest util…

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In the latest Energy West podcast, Clearing Up's Dan Catchpole and California Energy Markets' Jason Fordney talk about the California Independent System Operator's latest look at expanding its footprint, Southwest Power Pool's announcement that Markets+ is moving into development early, big rate-increase requests from two SoCal utilities, Puget Sound Energy's push to shut down its natural gas business, and more.