Florida Progress Corp

Article Abstract:

Florida Progress Corp (FPC) is counting on its mother company, Florida Power Corp, to increase its earnings and, consequently, its stock prices. The electric utility, Florida Power, has applied for a price increase to finance its operating, maintenance and depreciation expenses. In 1991, FPC's earnings per share went down by 26 cents because of stock dilution, dividend reinvestment and implementation of a stock purchase plan. The subsidiary has declared a dividend of $2.84 for its common shares of stock totalling 55 million. In Jan and Feb 1992, three directors of FPC bought 2,800 shares.

Bituminous coal--underground, Florida Progress Corp.

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California Energy Co., Inc

Article Abstract:

California Energy Company Inc is favored by some analysts considering the enviromental partiality of the incoming Clinton-Gore tandem. Analyst Thomas Lloyd-Butler is bullish about the stock as shown by his 92-cents-a-share earnings estimate for 1992 and a $1.10 a 23% increase in Sep 1992 quarter profits and a 9% revenue hike due to substantial summer electricity output. California Energy has no dividends on its 37.5 million common shares.

Steam and air-conditioning supply, Electric utilities, California Energy Company Inc.

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Entergy Corp

Article Abstract:

Entergy Corp is backing on an authorization from its board of directors that would enable the company to reclaim additional stocks worth $300 million by Oct 31, 1992. The holding company aims to reduce by $10 million worth of shares its equity in four different utility companies. Its action follows immediately after its merger with Gulf States Utilities with Entergy Corp ending as the surviving company.

Holding companies, not elsewhere classified, Entergy Corp., Public utilities

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