Northeast Utilities Sees 4th Quarter Gain In Profits

In the recent quarter, NU earned $69.1 million, or 45 cents per share, compared with $54.9 million, or 36 cents per share, for the same period in 2006. Full Story
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Since: Feb 08

United States

#25 Feb 22, 2008
Frank S wrote:
You are the same losers who want the state to bail you out of your miserable lives with handouts. NU is a for profit company, it's not their fault you people can't turn off lights and buy plasma tvs.
CL&P's rates are to cover costs plus give a rate of return, that's it. Despite the nonsense posted here, CL&P's rates have barely risen over the last five years or so.
Your total bill is going up because CL&P doesn't own generation anymore.
I don't work for the company, but I do own my own business. I don't expect handouts from the government and I have no fault with NU's earnings. I do have a problem with a flawed electric market in CT, whereby our prices are dictated by the market. Want to lower prices? Let CL&P and UI generate electricity again!
Where do you live Frank, Fantasy Land? Haven't CT Lie & Plunder's rates risen about 70% over the past 5 years? Is that is BARELY, then, tell you what, if I ever have to do any work on anything you own, and I give you and estimate, I will BARELY go over that estimate, by 70%.
woodchip

Cheshire, CT

#26 Feb 22, 2008
SOS all over again with NU. You've got to flood the legislature with letters and complain about the electric rates. Nothing will get solved on this forum. Bet that the Courant will pull this forum when the bashing of the politicians and NU gets too hot; as they do with other forums.
ct resident

Newington, CT

#27 Feb 22, 2008
Its getting to the point where we will have to live in the dark ages because I can't afford to keep my refrigerator running anymore.
ct resident

Newington, CT

#28 Feb 22, 2008
Frank S wrote:
You are the same losers who want the state to bail you out of your miserable lives with handouts. NU is a for profit company, it's not their fault you people can't turn off lights and buy plasma tvs.
CL&P's rates are to cover costs plus give a rate of return, that's it. Despite the nonsense posted here, CL&P's rates have barely risen over the last five years or so.
Your total bill is going up because CL&P doesn't own generation anymore.
I don't work for the company, but I do own my own business. I don't expect handouts from the government and I have no fault with NU's earnings. I do have a problem with a flawed electric market in CT, whereby our prices are dictated by the market. Want to lower prices? Let CL&P and UI generate electricity again!
Unfortunately, deregulation is easy but regulation is not as easy and who can afford a plasma tv, I can't, like I said, I can't afford to run my dryer and refrigerator anymore.
Jim

Wallingford, CT

#29 Feb 22, 2008
Frank S wrote:
You are the same losers who want the state to bail you out of your miserable lives with handouts. NU is a for profit company, it's not their fault you people can't turn off lights and buy plasma tvs.
CL&P's rates are to cover costs plus give a rate of return, that's it. Despite the nonsense posted here, CL&P's rates have barely risen over the last five years or so.
Your total bill is going up because CL&P doesn't own generation anymore.
I don't work for the company, but I do own my own business. I don't expect handouts from the government and I have no fault with NU's earnings. I do have a problem with a flawed electric market in CT, whereby our prices are dictated by the market. Want to lower prices? Let CL&P and UI generate electricity again!
Yup... thanks to the damn CT Legislature for de0regulating the power industry.... what they really de-regulated was the taxpayers' pocketbook.

Vote all of those SOB's out of office in November.
Vela

Winsted, CT

#30 Feb 22, 2008
NW Corner wrote:
3...2...1...Let the bashing begin!!!
The bright and insightful "NW Corner" likes it when monopolies make $200M off of people just like him, who are getting squeezed from every corner.

Nationalize energy NOW.
phil osopher

New Milford, CT

#31 Feb 22, 2008
Jim wrote:
<quoted text>
Using your numbers, 1% of $1.3 billion is $13,000,000.00 - that's THIRTEEN MILLION DOLLARS.... which begs the question, where did that money go to ?
Perhaps, but I was asking about numbers I can understand. A cornpoke like me needs to know what the profit margin is. Are they making 70% on their money or 2%? I think the Courant drops the ball on giving good info. What I'm getting at is Saying up 26% sounds way juicier than up from 6 to 7% Or whatever the actual number is.

“In Dodd we cannot trust.”

Since: Nov 07

Rural Connecticut

#32 Feb 22, 2008
Vela wrote:
<quoted text>
The bright and insightful "NW Corner" likes it when monopolies make $200M off of people just like him, who are getting squeezed from every corner.
Nationalize energy NOW.
Did you miss my later post where I stated NU's overall profit margin is a modest 3.5%, well below that of most unregulated corporations? I'm guessing you did miss that little factoid.

And nationalize energy? You really want the federal government responsible for delivering electricity to your home? Of the hundreds of posts I've read on energy cost and regulation issues, that is by far the dumbest I've ever seen.
Broke farmer

Enfield, CT

#33 Feb 22, 2008
NU is a dummy corporation or dummy company is an entity created to serve as a front or cover for one or more legitimate companies. It can have the appearance of being real (logo, website, public relations) but lacks the capacity to function independently. The goal of dummy corporation can be to conceal true ownership and/or avoid taxes. A dummy corporation is one way to cook the books in a dishonest attempt to hide the true financial status of a company.

Since: Feb 08

United States

#35 Feb 22, 2008
NW Corner wrote:
<quoted text>
Did you miss my later post where I stated NU's overall profit margin is a modest 3.5%, well below that of most unregulated corporations? I'm guessing you did miss that little factoid.
And nationalize energy? You really want the federal government responsible for delivering electricity to your home? Of the hundreds of posts I've read on energy cost and regulation issues, that is by far the dumbest I've ever seen.
I am sure their profit is about 10%.

Since: Feb 08

United States

#36 Feb 22, 2008
This is from the NU website:

"Shivery said the company lowered distribution and generation segment guidance from the previous $1.10-$1.25 per share1 range because of a recent ruling by state regulators on a CL&P distribution rate case in which CL&P was authorized a return on equity (ROE) of 9.40 percent.

Shivery said the company understands the commissionís need to balance the interests of customers and investors during a period of high energy costs, but the company was nevertheless disappointed in the rate case outcome. NU estimates CL&Pís distribution regulatory ROE will be between 8.0 percent and 8.5 percent during the first full year that rates are effective due to certain necessary operating costs that regulators ruled were not recoverable in distribution rates."

Translation of 1st paragraph: We didn't get to increase the rates as much as we wanted to, or otherwise or percentage of profit margin would have been much higher.

Translation of 2nd paragraph: We couldn't bill the ratepayer for our executive bonuses.

After reading through all the posts on here from Newington, I am starting to read through the bologna they are feeding us.

“In Dodd we cannot trust.”

Since: Nov 07

Rural Connecticut

#37 Feb 22, 2008
CT Citizen wrote:
<quoted text>
I am sure their profit is about 10%.
Nope. With this latest earnings report factored in, their overall net profit margin ballooned to a whopping 4.32% from 3.5% in the previous quarter. And the stock price has dropped about 20% in the last 60 days.
Get Real

Granby, CT

#38 Feb 22, 2008
surprise surprise
SOBs

Since: Feb 08

United States

#39 Feb 22, 2008
NW Corner wrote:
<quoted text>
Nope. With this latest earnings report factored in, their overall net profit margin ballooned to a whopping 4.32% from 3.5% in the previous quarter. And the stock price has dropped about 20% in the last 60 days.
Well, I can see you definitely need to learn how to read. Haven't you seen my post above. Geez, it is about a 9% profit margin, more than double what you say it is. Stock prices dropped. Haven't you heard how much the stock market has dropped, or does CT Lie & Plunder only allow you to see what they want you to see.

“In Dodd we cannot trust.”

Since: Nov 07

Rural Connecticut

#40 Feb 23, 2008
CT Citizen wrote:
<quoted text>
Well, I can see you definitely need to learn how to read. Haven't you seen my post above. Geez, it is about a 9% profit margin, more than double what you say it is. Stock prices dropped. Haven't you heard how much the stock market has dropped, or does CT Lie & Plunder only allow you to see what they want you to see.
Your first post read: "I am sure their profit is about 10%." That sounds like your opinion, not anything based on any research.

Then in another post you refer to NU's website. You are confusing "return on equity" with "net profit margin". Return on equity is a company's net income divided by shareholders' equity, while net profit margin is total net income divided by total sales for the same reporting period. For comparison's sake Microsoft's ROE is about 47% and their NPM is about 29%, both far higher than NU or that demon Exxon/Mobil.

NU's website is not the place to do any objective research on their financial condition. Try MSN Money or CNN Business. Nu's stock symbol is NU.

I hope this is helpful to you, although by your consistent use of the term "CT Lie & Plunder" it sounds like your mind is made up and no amount of actual facts will change it. Good day.
Broke farmer

Enfield, CT

#41 Feb 23, 2008
NU is a dummy corporation or dummy company is an entity created to serve as a front or cover for one or more legitimate companies. It can have the appearance of being real (logo, website, public relations) but lacks the capacity to function independently. The goal of dummy corporation can be to conceal true ownership and/or avoid taxes. A dummy corporation is one way to cook the books in a dishonest attempt to hide the true financial status of a company.

Since: Feb 08

United States

#42 Feb 23, 2008
NW Corner wrote:
<quoted text>
Your first post read: "I am sure their profit is about 10%." That sounds like your opinion, not anything based on any research.
Then in another post you refer to NU's website. You are confusing "return on equity" with "net profit margin". Return on equity is a company's net income divided by shareholders' equity, while net profit margin is total net income divided by total sales for the same reporting period. For comparison's sake Microsoft's ROE is about 47% and their NPM is about 29%, both far higher than NU or that demon Exxon/Mobil.
NU's website is not the place to do any objective research on their financial condition. Try MSN Money or CNN Business. Nu's stock symbol is NU.
I hope this is helpful to you, although by your consistent use of the term "CT Lie & Plunder" it sounds like your mind is made up and no amount of actual facts will change it. Good day.
Well, that is what you do over there in Newington & Berlin, you lie to the rate payers, you lie to the politicians, you lie to the Attorney General, and you plunder the rate payers.

“In Dodd we cannot trust.”

Since: Nov 07

Rural Connecticut

#43 Feb 24, 2008
CT Citizen wrote:
<quoted text>
Well, that is what you do over there in Newington & Berlin, you lie to the rate payers, you lie to the politicians, you lie to the Attorney General, and you plunder the rate payers.
Your "facts be damned" attitude gives me a good laugh. Thank you.

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