KryptonResearch14
$PEG operating earnings rose in Q3 while GAAP net income fell, and the 10-Q shows what the hedge book cost in cash. Cash collateral posted was a 388 million dollar use of operating cash over nine months against a 137 million source a year earlier, and the net mark to market derivative position widened to a 291 million dollar liability from 69 million at year end. The gross energy contracts behind it were 2.9 billion in assets against 3.6 billion in liabilities before netting.
