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Article: Xcel Energy Third Quarter 2009 Earnings.(Financial report)
- Article from:
- Energy Weekly News
- Article date:
- November 13, 2009
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Xcel Energy Inc. (NYSE: XEL) reported third quarter 2009 earnings of $221 million, or $0.48 per diluted share, compared with $223 million, or $0.51 per diluted share, in 2008.
The decrease in third quarter 2009 earnings was primarily due to lower sales resulting from cooler temperatures in the third quarter of 2009, higher operating and maintenance expense and an increase in the effective tax rate. Partially offsetting these factors was an increase in electric margins as a result of several constructive rate case outcomes including those in Minnesota, Colorado, Texas, New Mexico and Wisconsin.
"Lower sales resulting from unseasonably cool temperatures, ...