This facility isn't profitable with that. The big factor with PEG bottom line is the gap between cheap natural gas electric prices and the increasing electric prices to the consumers and businesses. The system is so corrupt. Grid wholesale electric prices have basically collapsed this summer. The consumer electric prices are increasing...they don't see the good news shown by the wholesale electric prices. The cheap wholesale electric prices are bailing out the green, coal and nuclear power sectors. The users of electricity don't have the power to make their electric price comport to the drop in wholesale prices.
You get it, the turbine generator intermittent short isn't factored into PEG's bottom line. Think about the loss of production in recent years symbolized by the loose coolant loose pump bolts problem, the generator short they can't find and the baffle bolts? These are poor maintenance issues...
Public Service Enterprise (PEG): Earnings Preview for Q2
Public Service Enterprise Group Inc .Public Service Enterprise Group PEG 46.60 -0.22 (-0.47%)is expected to release second-quarter 2016 financial results on Jul 29. Last quarter, this diversified utility came out with a positive earnings surprise of 7.27%. Let's see how things are shaping up at the company prior to this announcement.Factors to Consider
The unexpected extension of a refueling outage at its Salem 1 nuclear power plant in the second quarter will result in lower-than-expected electricity production. This could also have an adverse impact on the company's top line.
However, economic conditions have continued to improve in Public Service Enterprise's service territory, which is going to have a positive impact on earnings this quarter.
Weather too will play an important role during the second quarter. With temperatures in the second quarter marginally higher than normal, it might also have a positive impact on demand.
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