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Petroleum, energy and mining industries

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Gloomy outlook

Article Abstract:

Two credit rating agencies erred when they forecast that the investor-owned electric utility industry will incur a six percent to 16% drop in revenue and stranded cost write-offs of $50 billion to $300 billion. The forecasts are obsolete and off-the-mark because they used 1993 data and did not take into consideration the restructuring going on in the industry in response to deregulation. While it is true that the industry's operating and financial strategies will change, no prediction can truly approximate the future of the US electric sector.

Author: Abrams, William A.
Publisher: Edison Electric Institute, Inc.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 1996
Electric Utilities, Analysis, Credit ratings

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Fourth quarter statements

Article Abstract:

Shareholder-owned electric utilities' total electric operating income for 1995 increased by 2.1% to $176.6 billion, driving up earnings per share before extraordinary items from $1.92 in 1994 to $2.10 in 1995. The revenue hike was due to lower operating expenses, fuel costs, higher sales, increased demand as well as other income from natural gas operations and reduced net write-offs.

Publisher: Edison Electric Institute, Inc.
Publication Name: Electric Perspectives
Subject: Petroleum, energy and mining industries
ISSN: 0364-474X
Year: 1996
Electric Utilities, Private, Industry Overview, Private electric utilities

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Subjects list: Electric utilities, Finance
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