Starting with a $15 billion rate base on which to earn an 11.22% return, Pacific Gas and Electric Co., which recently emerged from bankruptcy, now faces the second half of the year with bullish optimism, knowing that even small percentage growth can reap some big bucks. That is why the utility’s executives Tuesday predicted solid earnings and a restoration of a dividend early next year for the first time in four years.
Bulging
Articles from Bulging
PG&E Awash in Cash, Rate Base Bulging
Starting with a $15 billion rate base on which to earn an 11.22% return, Pacific Gas and Electric Co., which recently emerged from bankruptcy, now faces the second half of the year with bullish optimism, knowing that even small percentage growth can reap some big bucks. That is why the utility’s executives Tuesday predicted solid earnings and a restoration of a dividend early next year for the first time in four years.
Post Sept. 11: Winter Gas Demand Assessed
Fueled by a weakened appetite for natural gas in the industrial sector, forecasts of normal weather for winter, bulging storage stocks and a grim economic fallout from the Sept. 11 terrorist attacks, the Natural Gas Supply Association projected last Tuesday that gas demand will be flat this winter compared to last year.
Producers See Sept. 11 Effect on Winter Gas Demand
Fueled by a weakened appetite for natural gas in the industrial sector, forecasts of normal weather for winter, bulging storage stocks and a grim economic fallout from the Sept. 11 terrorist attacks, the Natural Gas Supply Association projected Tuesday that gas demand will be flat this winter compared to last year.
Analyst Sees Mixed Bag for Annual Energy EPS Estimates
With bulging storage stocks putting increased pressure on natural gas prices, a Prudential Securities Inc. analyst on Friday reduced or left unchanged her 2001 earnings-per-share (EPS) estimates for more than half of the major energy companies that she routinely tracks.