CP&L reports third quarter earnings.RALEIGH Raleigh (rôl`ē, räl`ē), city (1990 pop. 207,951), state capital, and seat of Wake co., central N.C.; the site was selected for the capital in 1788, and the city was laid out and inc. 1792. , N.C.--(BUSINESS WIRE)--Oct. 19, 1995--Carolina Power & Light (NYSE NYSE See: New York Stock Exchange : CPL CPL - Combined Programming Language. U Cambridge and U London. A very complex language, syntactically based on ALGOL 60, with a pure functional subset. Provides the ..where.. form of local definitions. Strongly typed but has a "general" type enabling a weak form of polymorphism. ) today reported earnings of $1.02 per share of common stock for the third quarter of 1995. This represents a 29% increase over the $0.79 per share reported for the third quarter of 1994. Net income for the quarter totaled $151.9 million, compared to $120.3 million for the same period last year. Total energy sales for the third quarter of 1995 increased 11.5%, compared to the same period last year. Operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. rose 8.7%, to $875.5 million, over the same period. The increased sales and revenues reflect the continuing strength of the service-area economy, as well as warmer weather for CP&L's service area, which had experienced milder-than-normal weather in the summer of 1994. Earnings for the 12 months ending Sept. 30, 1995, increased to $2.33 per share, and net income was $351.8 million. This compares to earnings of $2.10 per share and net income of $331.2 million for the previous 12 months. The improved performance was driven primarily by strong sales, combined with lower operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. . Operating revenues for the 12 months ending Sept. 30, 1995, were $2.9 billion, up approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $29 million over the previous 12 months. Total energy sales for the 12 months ending Sept. 30, 1995, increased 5.4% compared to the prior 12-month period. -0-
CAROLINA POWER & LIGHT COMPANY (CPL)
Earnings Release For Period Ending Sept. 30, 1995
Three Months Ended Sept. 30,
Earnings statistics
(000's except EPS)
1995 1994 %Change
Revenues $875,500 $805,552 8.68 Net Income 151,905 120,253 26.32 Earnings for Common 149,503 117,851 26.86 Earnings/Share of Common Stock 1.02 0.79 29.11 Average Common Shares Outstanding 146,161 149,416 -2.18
12 Months Ended Sept. 30,
1995 1994 %Change
Revenues $2,924,969 $2,895,880 1.00% Net Income 351,775 331,164 6.22 Earnings for Common 342,166 321,555 6.41 Earnings/Share of Common Stock 2.33 2.10 10.95 Average Common Shares Outstanding 146,952 153,025 -3.97
Three Months Ended Sept. 30,
1995 1994 %Change
Operating Revenues (000's) Residential $292,830 263,677 11.06 Commercial 178,531 165,008 8.20 Industrial 201,202 197,282 1.99 Government and municipal 21,650 20,815 4.01 Power Agency 34,242 33,565 2.02 NCEMC 89,585 79,191 13.13 Other Wholesale 21,136 20,469 3.26 Other Utilities 24,343 14,121 72.39 Miscellaneous revenue 11,981 11,424 4.88 Total Operating Revenues $875,500 805,552 8.68
12 Months Ended Sept. 30,
1995 1994 %Change
Operating Revenues (000's)
Residential $937,367 927,361 1.08
Commercial 606,635 598,245 1.40
Industrial 738,194 744,165 -0.80
Government and municipal 77,619 78,813 -1.51
Power Agency 94,582 121,421 -22.10
NCEMC 285,819 258,957 10.37
Other Wholesale 76,975 95,126 -19.08
Other Utilities 62,040 32,186 92.75
Miscellaneous revenue 45,738 39,606 15.48
Total Operating Revenues $2,924,969 2,895,880 1.00
Three Months Ended Sept. 30,
1995 1994 %Change
Energy Sales (Millions of kWh) Residential 3,413 3,029 12.68 Commercial 2,678 2,453 9.17 Industrial 3,676 3,585 2.54 Government and municipal 373 359 3.90 Power Agency 802 664 20.78 NCEMC 1,702 1,536 10.81 Other Wholesale 487 436 11.70 Other Utilities 831 465 78.71 Total Energy Sales 13,962 12,527 11.46
12 Months Ended Sept. 30,
1995 1994 %Change
Energy Sales (Millions of kWh) Residential 11,567 11,251 2.81 Commercial 9,034 8,672 4.17 Industrial 14,327 13,872 3.28 Government and municipal 1,266 1,263 0.24 Power Agency 2,241 2,777 -19.30 NCEMC 5,260 4,895 7.46 Other Wholesale 1,916 2,035 -5.85 Other Utilities 2,497 879 184.07 Total Energy Sales 48,108 45,644 5.40
Three Months Ended Sept. 30,
Weighted Degree Days 1995 1994 Normal
Heating 5 3 3 Cooling 1,232 1,157 1,173
12 Months Ended Sept. 30,
Weighted Degree Days 1995 1994 Normal
Heating 2,744 3,174 3,257 Cooling 1,735 1,714 1,606 CONTACT: Carolina Carolina (kärōlē`nä), city (1990 pop. 177,806), Puerto Rico. Located 7 mi (11 km) SE of San Juan, it is a residential suburb of the capital, as well as a commercial and industrial center. Power & Light, Raleigh Mike Hughes Mike Hughes (b. November 17, 1974) is an Canadian professional wrestler who has competed on the North American independent promotions throughout the late 1990s and early 2000s as a co-founder and mainstay of Real Action Wrestling [1] , 919/546-6189 KEYWORDS Keywords are the words that are used to reveal the internal structure of an author's reasoning. While they are used primarily for rhetoric, they are also used in a strictly grammatical sense for structural composition, reasoning, and comprehension. : NORTH CAROLINA North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. SOUTH CAROLINA South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. INDUSTRY KEYWORD (1) A word used in a text search. (2) A word in a text document that is used in an index to best describe the contents of the document. (3) A reserved word in a programming or command language. 1. : EARNINGS ENERGY REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. 617-236-4266 or 80 |
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