On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1440 AM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
61° Feels Like: 61°
Wind: NE 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 57°

Tomorrow

Mostly Sunny 81°

Sun Night

Clear 59°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Utility revenues up from cold winter

UNDATED (WSAU-Wheeler News)   A cold winter means a hot investment for shareholders of Wisconsin utilities.

Madison Gas-and-Electric reports a 34-percent increase in its net income for the final quarter of 2013 -- due mainly to a 28-percent jump in natural gas sales. M-G-and-E made just over 14-million dollars from October-through-December, up from 10-and-a-half million the year before. Earnings totaled 41-cents a share, 11-cents more than the same quarter the previous year.

The higher natural gas sales were spurred by an average temperature that was 13-degrees colder in December than in the same month of 2012. Madison's average temperature that month was almost 18-degrees. For all of last year, Madison Gas-and-Electric netted $75-million, up from $64-million in 2012.

Comments