Higher energy costs cause UP $2.6M loss

May 2008
Inside Tucson Business;5/12/2008, Vol. 17 Issue 49, p3
The article reports that UniSource Energy Corp. has incurred a $2.6 million loss for the first quarter of 2008 due to higher prices of wholesale energy offered by subsidiary Tucson Electric Power (TEP) in Tucson, Arizona. Heavy reliance on natural gas-fired generation and market power at a time of high energy prices resulted from planned outages for maintenance shutdowns of TEP's coal plants.


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