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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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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…

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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 …

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The Western Energy Imbalance Market set another 2020 record for economic benefits, with $119.3 million accrued in the third quarter.

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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…

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PG&E Corp. earned net income of $86 million in the third quarter, a rosier outlook for the utility holding company that had a $1.6-billion loss in the same quarter a year ago.

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The economic impacts of the COVID-19 pandemic have not been as dire as predicted, but bad debt could increase due to customer hardship, executives of Minneapolis-based Xcel Energy said during an Oct. 29 third-quarter earnings call.

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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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…

Frank Wolak, director of the Program on Energy and Sustainable Development at Stanford University, joined Paul Dockery of Clatskanie PUD for the third installation of our "Electric Market Enthusiasm" series. The conversation uses his work on "Long-Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables" and the Energy Market Game to discuss export curtailment, the reliability externality and electric market design elements. Read more