PNM Resources, the parent company of Public Service Company of New Mexico and Texas-New Mexico Power, on Feb. 28 reported higher profits in the fourth quarter but lower gains for full year 2019.
Edison International, the parent company of Southern California Edison, on Feb. 27 reported fourth-quarter and full-year results for 2019 that reflect significant gains when compared against the same periods in 2018.
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…
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,…
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…
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.