Utilities
Utilities - Renewable
$70.61B
13.9K
Key insights and themes extracted from this filing
Operating revenues decreased to $6.161 billion from $7.565 billion in the same quarter last year, a 18.6% decline, primarily driven by lower purchased power and fuel costs.
Net income attributable to common shareholders increased to $883 million from $96 million in the prior year, primarily due to favorable mark-to-market activity and other fair value adjustments.
Total operating expenses decreased to $5.348 billion from $7.560 billion, primarily due to lower purchased power and fuel costs, but still impacted profitability.