UE Reports Earnings Dip From Prior Year
Union Electric Co reports second quarter 1977 common stock earnings of 18,847,000 dollars or 41 cents per share, down seven cents from 1976. Twelve months ended June 30 1977 earnings total 62,880,000 dollars or 1.46 dollars per share, vs 77,433,000 or 1.98 in the prior year. Increased shares issued dilute per share earnings. higher costs and warmer weather push costs up while residential and commercial sales rise. Record July 15 1977 peak demand reached 5,222,000 kilowatts, four percent above 1976.