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$AVA said it has filed a Purchased Gas Cost Adjustment with the Idaho PUC, which if approved could lower Idaho natural gas rates overall by 7.8%. Also, residential customers using on average 61 therms per month could see rates dip by $4.65, or 8.4%, for a revised monthly bill of $50.94 on Nov. 1. This lowers company's natural gas revenue by $6.1MM.
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.