Edited Transcript of AGR earnings conference call or presentation 30-Oct-19 2:00pm GMT [Yahoo! Finance News]
Portland General Electric Co (POR)
Last portland general electric co earnings: 4/24 05:00 am
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Edited Transcript of AGR earnings conference call or presentation 30-Oct-19 2:00pm GMT Thanks, Patricia, and good morning, everyone, and thank you for joining the call. I'm going to start on Page 5 with the financial results in the third quarter, which reflect really a positive performance in Renewables. They had improved production due to better wind resource and new assets in service during the quarter. So, for the third quarter of 2019, net income was $150 million or $0.48 a share, up about 20% year-over-year. Year-to-date net income was $477 million or $1.54 a share, which was in line with last year. Our adjusted net income in the third quarter was a $123 million or $0.40 a share, which was down 11% versus 2018. And year-to-date adjusted net income amounted to $442 million or $1.43 a share, which was down 13%. We continue to really make good progress executing on our strategic plan. In Networks, settlement negotiations for NYSEG and RG&E rate cases began on October 22, and the Mai
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