Pepco Holdings Inc. (POM, Financial) filed Quarterly Report for the period ended 2012-09-30.
Pepco Holdings Inc has a market cap of $4.52 billion; its shares were traded at around $19.65 with a P/E ratio of 18.8 and P/S ratio of 0.8. The dividend yield of Pepco Holdings Inc stocks is 5.5%.
Total Default Electricity Supply Revenue for the three months ended September 30, 2012 includes a decrease of $2 million in unbilled revenue attributable to ACEs BGS ($1 million decrease in net income), primarily due to lower non-weather related average customer usage during the unbilled revenue period at September 30, 2012 as compared to the corresponding period in 2011. Under the BGS terms approved by the NJBPU, ACEs BGS unbilled revenue is not included in the deferral calculation until it is billed to customers, and therefore has an impact on the results of operations in the period during which it is accrued.
Deferred Electric Service Costs increased by $46 million, to an expense of $29 million in 2012 as compared to an expense reduction of $17 million in 2011, primarily due to an increase in deferred electricity expense as a result of higher Default Electricity Supply revenue rates, partially offset by higher electricity supply costs.
Deferred Electric Service Costs increased by $43 million, to an expense reduction of $6 million in 2012 as compared to an expense reduction of $49 million in 2011, primarily due to an increase in deferred electricity expense as a result of higher Default Electricity Supply revenue rates, partially offset by higher electricity supply costs.
Deferred Electric Service Costs increased by $43 million, to an expense reduction of $6 million in 2012 as compared to an expense reduction of $49 million in 2011, primarily due to an increase in deferred electricity expense as a result of higher Default Electricity Supply revenue rates, partially offset by higher electricity supply costs.
Read the The complete Report
Pepco Holdings Inc has a market cap of $4.52 billion; its shares were traded at around $19.65 with a P/E ratio of 18.8 and P/S ratio of 0.8. The dividend yield of Pepco Holdings Inc stocks is 5.5%.
Highlight of Business Operations:
To effectuate the wind-down of the retail energy supply business, Pepco Energy Services is continuing to fulfill all of its commercial and regulatory obligations and perform its customer service functions to ensure that it meets the needs of its existing customers, but is not entering into any new retail energy supply contracts. Operating revenues related to the retail energy supply business for the three months ended September 30, 2012 and 2011 were $77 million and $222 million, respectively, and operating income for the same periods was $13 million and $5 million, respectively. Operating revenues related to the retail energy supply business for the nine months ended September 30, 2012 and 2011 were $349 million and $765 million, respectively, and operating income for the same periods was $44 million and $21 million, respectively.Total Default Electricity Supply Revenue for the three months ended September 30, 2012 includes a decrease of $2 million in unbilled revenue attributable to ACEs BGS ($1 million decrease in net income), primarily due to lower non-weather related average customer usage during the unbilled revenue period at September 30, 2012 as compared to the corresponding period in 2011. Under the BGS terms approved by the NJBPU, ACEs BGS unbilled revenue is not included in the deferral calculation until it is billed to customers, and therefore has an impact on the results of operations in the period during which it is accrued.
Deferred Electric Service Costs increased by $46 million, to an expense of $29 million in 2012 as compared to an expense reduction of $17 million in 2011, primarily due to an increase in deferred electricity expense as a result of higher Default Electricity Supply revenue rates, partially offset by higher electricity supply costs.
Deferred Electric Service Costs increased by $43 million, to an expense reduction of $6 million in 2012 as compared to an expense reduction of $49 million in 2011, primarily due to an increase in deferred electricity expense as a result of higher Default Electricity Supply revenue rates, partially offset by higher electricity supply costs.
Deferred Electric Service Costs increased by $43 million, to an expense reduction of $6 million in 2012 as compared to an expense reduction of $49 million in 2011, primarily due to an increase in deferred electricity expense as a result of higher Default Electricity Supply revenue rates, partially offset by higher electricity supply costs.
Read the The complete Report
