Latest Utilities News
UGI: Fiscal Q4 Earnings Snapshot
KING OF PRUSSIA, Pa. (AP) — KING OF PRUSSIA, Pa. (AP) — UGI Corp. (UGI) on Thursday reported a loss of $273 million in its fiscal fourth quarter. On a per-share basis, the King Of Prussia, Pennsylvania-based company said it had a loss of $1.27. Losses, adjusted for non-recurring...
Russia's Gazprom stops the flow of natural gas to Austria, OMV utility says
VIENNA (AP) — Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV, after OMV said it would stop payments for the gas following an arbitration award. The official cutoff of supplies before dawn...
Austria says Russia's Gazprom will cut off natural gas supply this weekend
VIENNA (AP) — Russia’s state-owned natural gas company Gazprom will cut off supplies to Austria’s OMV utility early Saturday, Austria’s chancellor said, adding that his country’s underground gas storage was full and that it had alternative, non-Russia supplies. The cutoff...
Biden EPA to charge first-ever ‘methane fee’ for emissions waste by oil and gas companies
WASHINGTON (AP) — Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a final rule announced Tuesday by the Biden administration. The Environmental Protection Agency rule follows through on a...
Czech power company CEZ reports $984 million in profit in first three quarters of 2024
PRAGUE (AP) — The Czech power company CEZ on Tuesday reported net profit of 23.4 billion Czech crowns ($984 million) in the first three quarters of the year, 6.4 billion lower than the same period last year. CEZ attributed the 27.3% decline to lower earnings in trading and mining....
Arizona regulators fine natural gas utility $2 million over defective piping
PHOENIX (AP) — A natural gas utility with more than 2 million customers in Arizona, Nevada and parts of California is being fined $2 million by regulators in Arizona over concerns about piping that is known to degrade in the heat. The Arizona Corporation Commission announced Friday...
Con Ed: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported third-quarter earnings of $588 million. The New York-based company said it had net income of $1.69 per share. Earnings, adjusted for non-recurring gains, were $1.68 per share. The...
Paranaense de Energia: Q3 Earnings Snapshot
CURITIBA, Brazil (AP) — CURITIBA, Brazil (AP) — Companhia Paranaense de Energia (ELP) on Wednesday reported profit of $219.5 million in its third quarter. The Curitiba, Brazil-based company said it had profit of 7 cents per share. The power company posted revenue...
Fortis: Q3 Earnings Snapshot
ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Tuesday reported third-quarter earnings of $307.9 million. The St. john`S, Newfoundland-based company said it had net income of 62 cents per share. The results surpassed Wall...
Par Petroleum: Q3 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Par Petroleum Corp. (PARR) on Monday reported profit of $7.5 million in its third quarter. On a per-share basis, the Houston-based company said it had profit of 13 cents. Losses, adjusted for non-recurring gains, were 10 cents per share. ...
