Monday, January 22, 2018

Ft Wayne, IN-Based Steel Dynamics(STLD) 4Q 2017 Net Income Was $303.171 Mil, Up 78 TIMES, or Up $299.339 Mil From the 4Q 2016 Net Income of $3.832 Mil ......................................................................................The Trump Tax Bill Forgiveness of Existing STLD Tax Debt, Which Was Funded Completely By US Taxpayers, Increased STLD’s 4Q 2017 Net Income By $181 Mil, or Comprised 61% of the $299 Mil Net Income Increase

Netflix 4Q 2017 Revenues Increase By 33% and Pretax Income Increases By 45% ...................................................................................... Net Income Increase is Not Too Meaningful From a Performance Standpoint Since There Were Several Unusal Tax Items in the 4Q 2017

Swiss Bank UBS Group's 4Q 2017 Earnings Crushed By the US Trump Tax Bill's Required Write-down of Its Deferred Income Tax Assets, Which Amounted to CHF 2.9 Bil ...................................................................................... This Write-down of CHF 2.9 Bil is Due to These Assets Being Worth Much Less Due to the US Trump Tax Bill ..................................................................................... On the Positive Side, UBS Group's 4Q 2017 Income Before Income Taxes Were Up 34% Over the 4Q 2016

Sunday, January 21, 2018

The Upcoming Peaceful Protests in the US Streets Over Utilities ...................................................................................... January 2018 Consumer Utility Bills Will Be Much Higher, But Just a Drop in the Bucket Higher as Compared to the Off-the-Charts 4Q 2017 Earnings Increases of US Utility Companies Due to the Trump Tax Bill That Will Be Reported By the Utility Companies in Late January 2018 or Early February 2018 ...................................................................................... Deferred Income Tax Liabilities of US Utility Companies, Which Are Massive, Will Determine Just How Huge 4Q 2017 Earnings Increases Will Be For the US Utility Companies ...................................................................................... The Trump Tax Bill Forgives Roughly 40% of the Balance of These Deferred Income Tax Liabilities With a Resultant Increase in 4Q 2017 Bottom Line Earnings For Roughly the Amount of This Huge Tax Debt Forgiveness

The first chart below shows the Deferred Income Tax Liability Balances mostly at Dec 31, 2016 of the 73 US Utility Companies, predominately publicly-held companies with stock market caps above $1 bil.
Mostly
12-31-16
Total 
Net
Deferred
City State Tax
Regulated Utilities: Electric, Gas & Water Services HQs HQs Liability
bil $s
Publicly-Held Companies (Predominately)
NextEra Energy Inc Juno Beach FL            10.6
Duke Energy Corp Charlotte NC            14.2
Dominion Energy Inc Richmond VA              8.6
Southern Co Atlanta GA            14.1
Exelon Corp Chicago IL            18.2
National Grid (Owns Reg Util in NY, MA, NH, RI&VT) London UK
             6.2
American Electric Power Co Columbus OH            11.9
Sempra Energy San Diego CA              3.5
PG&E Corp San Francisco CA            10.2
Consolidated Edison Inc New York NY            10.0
Edison International Rosemead CA              8.2
Public Service Enterprise Group Inc Newark NJ              8.7
Xcel Energy Inc Minneapolis MN              6.8
PPL Corp Allentown PA              3.9
Berkshire Hathaway Energy Co Des Moines IA            13.9
WEC Energy Group Inc Milwaukee WI              5.1
DTE Energy Co Detroit MI              4.2
Eversource Energy Springfield MA              7.1
Avangrid (Utility UIL is Included) New Haven CT              3.5
Entergy Corp New Orleans LA              7.4
FirstEnergy Akron OH              3.8
Ameren Corp St Louis MO              4.3
American Water Works Voorhees NJ              2.6
Fortis (Owns US Utilities ITC and Tucson EP) Canada              2.6
CMS Energy Corp Jackson MI              2.3
CenterPoint Energy Inc Houston TX              5.3
Alliant Energy Corp Madison WI              2.6
Pinnacle West Capital Corp Phoenix AZ              2.9
NiSource Merrillville IN              2.5
OGE Energy Oklahoma City OK              2.3
SCANA Corp Cayce SC              2.2
Westar Energy Topeka KS              1.8
Tampa Electric Tampa FL              1.4
UGI Corp King of Prussia PA              1.3
Great Plains Energy Kansas City MO              1.3
Aqua America Bryn Mawr PA              1.3
Vectren Evansville IN              0.9
MDU Resources Group Bismark ND              0.7
Energen Birmingham AL              0.5
AES Corp Arlington VA              0.0
Puget Sound Energy Bellevue WA              1.7
Idacorp Boise ID              1.2
ONE Gas Tulsa OK              1.0
PNM Resources Albuquerque NM              0.9
National Fuel Gas Co Williamsville NY              0.9
WGL Holdings Washington DC              0.9
Avista Spokane WA              0.8
Southwest Gas Holdings Las Vegas NV              0.8
Hawaiian Electric Industries Honolulu HI              0.7
Spire St Louis MO              0.7
Portland General Electric Portland OR              0.7
ALLETE Duluth MN              0.6
Black Hills Corp Rapid City SD              0.5
New Jersey Resources Wall NJ              0.5
ORMAT Technologies Reno NV              0.0
Northwestern Corp Sioux Falls SD              0.6
Northwest Natural Gas Portland OR              0.6
El Paso Electric Co El Paso TX              0.6
MGE Energy Madison WI              0.4
South Jersey Industries Folsom NJ              0.3
California Water Service Group San Jose CA              0.3
Otter Tail Fergus Falls MN              0.2
American States Water San Dimas CA              0.2
TerraForm Power Bethesda MD              0.0
Pattern Energy Group San Francisco CA              0.0
Dynegy Houston TX              0.0
SJW Group San Jose CA              0.2
Chesapeake Utilities Dover DE              0.2
8point3 Energy Partners LP San Jose CA              0.0
Calpine Houston TX             (0.1)
Piedmont Natural Gas Co Charlotte NC              0.9
Vistra Energy Corp Dallas TX             (1.2)
Cleco Power LLC Pineville LA              1.1
Total all 73          235.3


The second chart below shows the Deferred Income Tax Liability Balances mostly at Dec 31, 2016 of the 87 US Utility Subsidiary Companies of many of the above Parent Utility Corporations.
Mostly
12-31-16
Total 
Net
Deferred

State Tax
Regulated Utilities: Electric, Gas & Water Services
HQs Liability
bil $s
Parent Utility Corp Utility Subsidiary Corp
NextEra Energy Inc Florida Power & Light Co FL              8.5
Duke Energy Corp Duke Energy Progress LLC NC              3.3
Duke Energy Corp Duke Energy Ohio OH KY              1.4
Duke Energy Corp Duke Energy Carolinas NC SC              6.5
Duke Energy Corp Duke Energy Florida FL              2.7
Duke Energy Corp Duke Energy Indiana IN              1.9
Duke Energy Corp Piedmont Natural Gas Co NC SC TN              0.9
Dominion Energy Inc Virginia Electric & Power Co VA              5.1
Dominion Energy Inc Dominion Gas Holdings LLC VA              2.4
Dominion Energy Inc Questar Gas Co UT              0.5
Southern Co Georgia Power Co GA              6.0
Southern Co Gulf Power Co FL              0.9
Southern Co Mississippi Power Co MS              0.8
Southern Co Southern Co Gas GA              2.0
Southern Co Southern Power Co GA              0.4
Exelon Corp Atlantic City Electric Co NJ              0.9
Exelon Corp Baltimore Gas & Electric Co MD              2.2
Exelon Corp Commonwealth Edison Co IL              5.3
Exelon Corp Delmarva Power & Light Co DE              1.1
Exelon Corp PECOEnergy Co PA              3.1
Exelon Corp Potomac Electric Power Co DC              1.9
Exelon Corp Exelon Generation Co LLC IL              4.9
American Electric Power Co Appalachian Power Co WV VA              2.7
American Electric Power Co Indiana Michigan Power Co IN              1.5
American Electric Power Co Ohio Power Co OH KY              1.3
American Electric Power Co Public Service Co of Oklahoma OK              1.1
American Electric Power Co Southwestern Electric Power TX LA              1.6
American Electric Power Co IPALCO Enterprises IN              0.5
American Electric Power Co AEP Transmission Company LLC OH              0.9
Sempra Energy San Diego Gas & Electric CA              2.8
Sempra Energy Southern California Gas Co CA              1.7
PG&E Corp Pacific Gas &Electric Co CA            10.5
Consolidated Edison Inc Consolidated Edison of New York NY              9.4
Edison International Southern California Edison CA              9.8
Public Service Enterprise Group Inc Public Service Electric & Gas Co NJ              5.8
Public Service Enterprise Group Inc PSEG Power LLC NJ              2.0
Xcel Energy Inc Northern States Power Co MN              2.8
Xcel Energy Inc Northern States Power Co WI              0.4
Xcel Energy Inc Public Service Co of Colorado CO              3.1
Xcel Energy Inc Southwestern Public Service Co TX              1.1
PPL Corp Kentucky Utilities KY              1.2
PPL Corp Louisville Gas & Electric Co KY              1.0
PPL Corp PPL Electric Utilities Corp PA              1.9
Berkshire Hathaway Energy Co Nevada Power Co NV              1.5
Berkshire Hathaway Energy Co Pacificorp OR              4.9
Berkshire Hathaway Energy Co Sierra Pacific Power NV              0.6
Berkshire Hathaway Energy Co MidAmericaan Energy Co IA              3.6
Berkshire Hathaway Energy Co MidAmerican Funding LLC IA              3.6
WEC Energy Group Inc Wisconsin Electric Power WI              2.3
WEC Energy Group Inc Wisconsin Public Service Corp WI              0.9
DTE Energy Co DTE Electric Co MI              3.8
Eversource Energy NSTAR Electric Co MA              1.8
Eversource Energy Connecticut Light & Power Co CT              2.0
Eversource Energy Western Massachusetts Electric Co MA              0.5
Eversource Energy Public Service Co of New Hampshire NH              0.8
Entergy Corp Entergy Arkansas AR              2.1
Entergy Corp Entergy Mississippi MS              0.9
Entergy Corp Entergy New Orleans LA              0.2
Entergy Corp System Energy Resources MS              0.6
Entergy Corp Entergy Louisiana LLC LA              2.2
Entergy Corp Entergy Texas TX              1.0
Ameren Corp Ameren Illinois Co IL              1.6
Ameren Corp Ameren Missouri Co MO              3.0
Fortis Inc Tucson Electric Power AZ              0.5
Fortis Inc ITC Holdings MI              1.0
Idacorp Idaho Power Co ID              1.4
CMS Energy Corp Consumers Energy Company MI              3.0
CenterPoint Energy Inc CenterPoint Energy Resources Corp TX              1.9
CenterPoint Energy Inc CenterPoint Energy Houston Electric LLC TX              2.0
Alliant Energy Corp Interstate Power & Light IA              1.5
Alliant Energy Corp Wisconsin Powerr & Light WI              1.0
Pinnacle West Capital Corp Arizona Public Service Co AZ              3.0
OGE Energy Oklahoma Gas & Electric Co OK              1.8
SCANA Corp South Carolina Electric & Gas Co SC              1.9
UGI Corp UGI Utilities PA              0.6
Great Plains Energy Kansas City Power & Light Co MO              1.2
Vectren Vectren Utility Holdings IN              0.9
AES Corp Dayton Power & Light Co OH              0.3
WGL Holdings Washington Gas Light Co DC              0.9
PNM Resources Public Service Co of New Mexico NM              0.7
PNM Resources Texas New Mexico Power Co TX              0.2
Hawaiian Electric Industries Hawaiian Electric Co Inc HI              0.7
Spire Spire Alabama Inc AL              0.6
Spire Spire Missouri MO              0.2
MGE Energy Madison Gas & Electric Co WI              0.3
South Jersey Industries South Jersey Gas Company NJ              0.5
Black Hills Corp Black Hills Power Inc SD              0.2
Total all 87          190.0