UNS Energy Q2 Earnings Rise

(RTTNews) - UNS Energy Corp. (UNS) Tuesday posted higher earnings for the second quarter, particularly on higher Electric retail sales

The company's net income rose to $42 million or $1.01 per share from $35 million or $0.83 per share in the second quarter of 2013.

The firm's second quarter 2013 net income included an $11 million reduction to income tax expense and a $3 million pre-tax charge to fuel expense related to a credit to retail customers, both resulting from TEP's rate case that was completed in June last year.

UNS generated total operating revenues of $386.60 million, up from, $365.21 million a year ago.