The Traderszone Network

Published in TZ Latest News 9 May, 2014 by The TZ Newswire Staff

Cold Weather Gave Lift To Some Utilities In Q1

A cold winter is being cited as a reason why many retailers have missed quarterly estimates. But cold weather is a boon to firms such as American Electric Power (AEP), an Ohio-based electric utility that serves 11 states. While counting on weather is not a strategy, weather can cut both ways for utilities. Heating-related usage rises, but outages create restoration costs.

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