What is pressuring this stock?. Despite the good news it closed slightly lower on big volume......
I think IDA is having trouble collecting the $30 million owed for California power sales, and they may have to reserve it, or not recognize it as income until it is received. Any comments?
Earnings out, a lousy quarter. Reserve to subsidize California was $20 million. IDA will be down, and stay down until it is clear that other western utilities won't continue to pay for California's misguided energy policies.
See my post # 214 - I didn't know 30Mill was the number, but I think my post covers my thinking as to the whyRegardsDeDuck
all (at least most) the utes are down today.bad news coming for energy companies??