Underscoring the growing industry trend of “back-to-basics” utility business focus, Spokane, WA-based Avista Corp. Wednesday reported second quarter results that nearly doubled over the same period last year with almost all of the profits coming from its utility operations. Avista earned $18.6 million, or 38 cents/diluted share, in the second quarter, compared with $10.1 million, or 21 cents/diluted share, for the same period in 2004.
Basics
Articles from Basics
‘New’ Enron to Return to Basics, Not Look Back
The “new” Enron Corp. will be a smaller company, based on hard assets with predictable revenue and cash flow, its new interim CEO said in his first press conference Wednesday night in Houston. He also was emphatic in talking about what caused the Fortune 100 company to go under so quickly. “I frankly don’t care,” said Stephen Cooper.
February 4, 2002
Want Value? Stick to Basics, say E&P Execs
Both large and small exploration and production companies shoulduse the same philosophy to create value for their shareholders:manage the present to enable the future, advised Conoco Inc.Executive Vice President Robert McKee III at Arthur Andersen’sEnergy Symposium in Houston yesterday.
November 30, 2000
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