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(CBC)   If you can't make money as an electric company, that's a You Problem, not a taxpayer problem   ( divider line
    More: Fail, Free cash flow, Stock, Operating cash flow, Generally Accepted Accounting Principles, TransAlta Corp., Cash flow, Income statement, The Quarter at Tropicana  
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1016 clicks; posted to Business » on 06 Aug 2022 at 2:05 AM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

6 Comments     (+0 »)
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2022-08-06 2:32:42 AM  
Thank God it's not PG&E.
2022-08-06 3:55:38 AM  
Not an actual loss, but a tax loss due to depreciation and such.
2022-08-06 10:12:42 AM  
In the states I lived in, utility companies were guaranteed profits as a condition of their exclusive territorial monopolies. Literally under the law they could not run even a paper loss; rate hikes would be rubber-stamped by the utilities regulations board to get them to whatever percent profit the law called for. They issued shares too, and you were guaranteed dividends. Pensioners loved those stocks.

I guess electrical utilities not making money is just another strike against socialism-communism, and why Trudeau just needs to go so Canada can be liberated for capitalism where we don't allow these things to happen!

2022-08-06 11:09:02 AM  
2022-08-06 2:47:40 PM  
They have a LOSS IN AVERAGE SHARE PRICE, not a financial loss.  Share price is down 6% but they are doing just fine.

They made plenty of money. 25.31% net margin profit on the quarter they are reporting with an year to year increase of profits of 641.97%. That's right  -almost 6.5X as much profit as last year.  Net income was up 720%, revenue up 14.5%, cash available 600%, and operating costs down 7.29%.

The share price is down because they are planning on investing more of that cash into renewable energy so that's less money going into the dividend.
2022-08-07 12:17:25 AM  


JFC people need electricity to watch streaming and dick around on Fark survive!!  The government should be ensuring its delivery, not letting people milk the grid for money
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