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For 2016, $TE's Tampa Electric and Peoples Gas System are expected to continue to earn toward the upper end of their allowed Return on Equity ranges of 9.25% to 11.25% and 9.75% to 11.75%, respectively. Tampa Electric also expects higher AFUDC-equity earnings from the growing investment in the Polk Power Station conversion project.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.