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14 May, 2021 Author Tom DiChristopherGaurang Dholakia
Natural gas utilities reported another solid quarter of earnings to kick off 2021, with several gas distributors crediting winter storm tailwinds for profits that exceeded expectations and strong year-over-year gains.
Eight of nine gas utilities in a group selected by S&P Global Market Intelligence posted EPS that surpassed S&P Capital IQ consensus normalized earnings estimates. All of the companies posted year-over-year EPS gains, and five of those companies have now posted at least four consecutive quarters of earnings improvement.
The earnings period included February s devastating winter storms, which plunged parts of the Southern and Central U.S. into blackouts and contributed to dozens of deaths. The event led to a run on gas demand and extreme price spikes, resulting in sky-high gas purchase costs for some utilities.
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DeSmog
Oct 5, 2018 @ 13:03
A nominee to head a cutting-edge research program in the U.S. Department of Energy (DOE) is personally invested in various natural gas-based utilities and gas pipeline companies.
In July, the Trump administration announced the nomination of Lane Genatowski to head the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E), which tries to bridge the gap between basic research and the commercialization of breakthrough energy technologies and is modeled after the Department of Defense program that led to the Internet and GPS.
While prior ARPA-E directors have usually been established scientists, Genatowski is an investor with virtually no technical background in energy technology development.