The company has said that favorable weather and increased customer growth led to higher sales and profits in the third quarter of the fiscal year.
Total operating revenue increased to $1.08 billion from $1.06 billion a year ago. For the first nine months of the year, the company earned $232 million, compared with $244 million for the same period in 2006. Revenue for the first nine months totaled $3.45 billion, up slightly from $3.4 billion for the same period last year.
Jimmy Addison, senior vice president and CFO, said: The $0.03 per share improvement in third quarter results was primarily a result of improved electric and natural gas sales margins driven by slightly more favorable weather and continued strong customer growth in our South and North Carolina service territories.
