Second quarter earnings up

Article Abstract:

The investor-owned electric utility industry reported $0.46 in earnings per share in the second quarter of 1996, a 7% increase from $0.43 in earnings per share generated in the second quarter of 1995. Total electric utilities' operating revenue increased by 4.5% to $44.1 bil in the second quarter of 1996 from $42.2 bil in 1995. Total electric operating expenses for the period increased by 6.5% to $37.4 bil from $35.1 bil. Purchased power expense increased from $5.7 bil to $6.3 bil. Investments rose from $38.1 bil in 1995 to $49.1 bil in 1996, with total assets for the industry increasing by $21.7 bil to $591.1 bil from $569.4 bil.

Electric Power Generation, Transmission and Distribution, Electric Utilities, Private, Private electric utilities

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Second quarter sales down 1.3 percent

Article Abstract:

The electric utility industry experienced a 1.3 percent drop in electricity sales for the second quarter of 1992. Electric utilities were able to sell only 497.8 million megawatthours for the said quarter while having sold 504.4 million megawatthours for the second quarter of 1991. This trend is attributed to the unusually mild temperature and faltering US economy, as shown by the increase in industrial sales.

United States, Energy use

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Second quarter earnings drop 6.5 percent

Article Abstract:

The electric utility industry experienced a profit drop of 6.5 percent for the second quarter of 1992. This plummet in electric utility earnings, which was further aggravated by the increased budget for power expenditures, is attributed to the faltering US economy and the unseasonably mild weather. The allowance for funds used during construction and the phase-in accruals also showed a declining growth rate.

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