NiSource Inc. misses Q4 expectations, pledges more infrastructure spending
By Hannah Levitt NiSource Inc.’s profit in the final three months of 2016 missed Wall Street’s expectations, but the natural gas and electric utility company said it would spend more on utility investments such as pipe and underground electric cable replacements in 2017. The Merrillville, Indiana-based company said net income in the fourth quarter rose 49 […]
Energy and power company leaders meet in Chicago to call for a clean energy surge
By Puja Bhattacharjee It’s time. Energy leaders are calling for a shift to renewable power sources to meet future needs for utility companies, including for Commonwealth Edison Co. “How do you take the systems we have built into smart systems and turn it clean?” asked Anne Pramaggiore, president and CEO of ComEd. You build up […]
Franklin Electric reports record Q4 earnings
By Kaitlin Schuler Franklin Electric Co. Inc. said fourth-quarter earnings strengthened despite falling revenues and soft prices for oil and other commodities. In the latest quarter, Fort Wayne-based Franklin Electric posted net income of $16.2 million or 33 cents per diluted share, up from $3.1 million or 6 cents per share in the year ago quarter. […]
