Skip to content
Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CBC)   If you can't make money as an electric company, that's a You Problem, not a taxpayer problem   (cbc.ca) 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  
•       •       •

988 clicks; posted to Business » on 06 Aug 2022 at 2:05 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



6 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
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!

\s
 
2022-08-06 11:09:02 AM  
Hey you GUUUUUUUUUUUUUUUUUUYYYYYYYYYYYYYSSSSSS!
 
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  
Bread314:

WHY IS A UTILITY TRADING SHARES!?


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
 
Displayed 6 of 6 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.