Consolidated Edison Inc. (ED) announced fiscal third quarter results with EPS of $1.16, which beat both the Zacks Consensus Estimate of $1.04 and the year-ago profit of 98 cents.   New York City-based Consolidated Edison  is a diversified utility holding company with subsidiaries engaged in both regulated and unregulated businesses. Consolidated Edison’s regulated businesses operate through two subsidiaries — Consolidated Edison Company of New York (Con Edison of New York) and Orange and Rockland Utilities (O&R).    Con Edison of New York is a regulated utility that provides electricity to roughly 3.3 million customers, natural gas to 1.1 million customers, and steam services to about 1,850 customers, primarily in New York City and Westchester County. O&R serves nearly 400,000 electric and gas customers in southeastern New York State, northern New Jersey, and northeastern Pennsylvania.   Consolidated Edison’s unregulated businesses operate through three subsidiaries: Consolidated Edison Development (engaged in

China is Investing Billions in Renewable Energy One firm has already built China’s largest wind turbine manufacturing factory. And it’s working with the Chinese Science Academy to develop new wind, solar, and geothermal technologies… for which it will own 70% of the rights. But this company’s business reaches far beyond the Chinese border, with operations in Southeast Asia, the Middle East, Africa and Eastern Europe. It’s first quarter net income increased by 294% over a year ago. Click here for the full report.

If NRG Energy Inc. (NYSE: NRG) were an athletic prospect, scouts would rate it as a “triple threat.” That’s because the Princeton-based wholesale power generator is involved in all three of the key energy sources of the future: Solar, wind and nuclear.

And that’s only part of the reason I like this stock.

Growing profit margins and earnings momentum add to the energy company’s appeal – …

Consolidated Edison (ED) Reports Earnings for Fiscal Year 2008

Consolidated Edison (ED) reported earnings for the 4th quarter and fiscal year ended December 31, 2008. In the reported quarter, net income was $160 million or $0.58 per share (basic and diluted), compared with $207 million or $0.76 per share (basic and diluted) for the 4th quarter of 2007.

Excluding a gain on the sale of Con Edison Development’s generation projects, discontinued operations and net mark-to-market effects of competitive energy businesses, earnings from continuing operations during the reported quarter came to $200 million or $0.72 a share, compared with $191 million or $0.71 a share in the year-ago quarter.

Operating revenue in fiscal 2008 increased marginally to $13.6 billion from $13.1 billion in fiscal 2007. For the full year 2008, the company reported earnings of $1.2 billion, or $4.38 (basic) and $4.37 (diluted) per share, compared to earnings of $929 million, or $3.49

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