Wednesday 21 February 2018

Coal Ash Wednesday: Duke Energy pockets $231 million from Trump's tax scam

And that's just for the last three months of 2017:

Electric Utilities and Infrastructure recognized fourth quarter 2017 segment income of $826 million, compared to $483 million in the fourth quarter of 2016. In addition to the drivers outlined below, fourth quarter 2017 results were impacted by a $231 million benefit related to the Tax Act and a $14 million after-tax charge related to regulatory settlements. These amounts were treated as special items and excluded from
adjusted earnings.

On an adjusted basis, Electric Utilities and Infrastructure recognized fourth quarter 2017 adjusted segment income of $609 million, compared to $483 million in the fourth quarter of 2016, an increase of $0.18 per share.

A couple of clarifications: That net $826 million is from all utilities, not just those actually operating in North Carolina. But that was "netted" from about $3.2 billion dollars in revenues, for the 4th Quarter alone. And one of the best ways to judge just how profitable a company is, you need to look at stockholders' dividend payments:


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