With the exception of SunPower Corp.\u2019s remarkable loss, unregulated energy companies that are investing in renewable power are, in general, posting profits for the second quarter 2011. Demand-response companies--those that aggregate consumers to drop load on demand--are not doing so well. Generators with fossil-fueled plants in California are split between those posting profits and losses. The following are the most salient earnings posts from the second quarter 2011 from unregulated companies doing business in California: AES--This global company is moving farther into California with a proposal for a desert solar project and a wind project. AES reported net income for the second quarter 2011 at $427 million. In the second quarter 2010, it posted $429 million. In February it agreed to buy the 700 MW Imperial Valley solar thermal project. San Diego Gas & Electric retained the power purchase agreement for the facility. The facility is to feed its power to the San Diego area over SDG&E\u2019s $1.9 billion Sunrise Powerlink transmission project under construction. In March, AES finalized buying the 49 MW Mountain View IV wind project in Palm Springs. That power is set to be sent to Southern California Edison under a 20-year contract. According to the company, its wind projects in California have a total capacity of 200 MW. Calpine--This California-based company continues to post losses. In this quarter, Calpine reported a $70 million loss. At this time last year, it lost $115 million. Some of the loss was blamed on an unscheduled outage at its Otay Mesa plant in western San Diego County. Calpine this quarter began expanding its Los Esteros plant from a 188 MW simple-cycle to a 308 MW combined-cycle facility. The power is under contract with Pacific Gas & Electric. Expanding the Geysers geothermal plant is proving viable, according to the company. But it has \u201cpermitting challenges,\u201d the company added. Calpine wrapped up $845 million in financing for the 619 MW Russell City Energy Center in Hayward in June. It owns 75 percent of the fossil fuel plant--which is under strict air quality permits. Constellation--Under a takeover play by Exelon, Constellation reported quarterly income at $108 million. In the first quarter last year, its net income was $83.8 million. The company owns biomass and solar generation in California. It sold its Mammoth geothermal facility to Ormat last year. Both Exelon and Constellation own nuclear power plants outside of California. Comverge--This demand-response aggregator that contracts with California utilities to curb peak usage posted a net loss of $7 million for the first quarter 2011. Last year at this time it posted a $10 million loss. The company claims it has 3,778 (n)MW under its control nationwide. Dynegy--The company\u2019s losses appear to be decreasing. Dynegy posted a loss of $116 million for the quarter. For the same quarter last year, it posted a $191 million loss. For its California and other Western power plants, losses are about 30 percent less than last year at this time. The company has been up for sale for over a year. Shareholders continue to deny takeover attempts. Dynegy owns the 1,000 MW Morro Bay plant, the 2,529 MW Moss Landing facility, the 165 MW plant at the Port of Oakland, and the 700 MW South Bay plant. EnerNOC--Holding demand-response contracts with California investor-owned utilities, this aggregator posted a loss of $13 million. In the second quarter 2010, EnerNOC reported income at $1 million. The demand-response negawatts under EnerNOC\u2019s control increased from 3,550 (n)MW in 2009, to 6,650 (n)MW as of the end of June. First Solar--This photovoltaic company posted a net income of $61 million. This time last year the company registered $159 million in profits. Lower profits were blamed, in part, on the decreasing price for panels, although panel production is up 40 percent over last year, according to the company. A manufacturing plant under construction in Arizona is expected to start deliveries late next year. Earlier this month, First Solar said it is providing the panels for a 150 MW facility being built by Sempra Generation in Nevada with contracts for the resultant power with Pacific Gas & Electric. In February, another Nevada project was signed to send 250 MW to Southern California Edison. First Solar completed the sale of its 290 MW Agua Caliente plant in Arizona to NRG Energy. The power is under contract to PG&E. In Antelope Valley, the company plans to build a 230 MW photovoltaic facility on over 2,000 acres. The project is up for sale, according to First Solar. In February, the company signed an agreement with Southern California Edison for 250 MW of photovoltaic power. Also in development in California is another 300 MW solar deal with PG&E called Desert Sunlight. Under the plan, Desert Sunlight is to deliver an additional 250 MW to Edison (see sidebar at page 2). First Solar also is planning a 300 MW project called Stateline for Edison. GenOn--The result of merged Mirant and RRI in 2010, the company reported $407 million in net gains for the quarter. Last year at this time, prior to the merger, it reported a loss attributed to RRI of $277 million. GenOn took over RRI\u2019s (Reliant\u2019s) Southern California fossil-fueled power plants. NextEra Energy Resources--A subsidiary of NextEra that is California\u2019s primary wind developer reported profit of $239 million in the first quarter. It reported $154 million in net income for the same quarter last year. PG&E is seeking regulatory approval for 163 MW of NextEra wind power from the Tehachapi area. NRG Energy--A profit of $621 million was reported for the quarter. Last year at this time, NRG reported a $210 million profit. Of that, its Reliant subsidiary provided $176 million before-tax income. On Aug. 5, it announced it completed acquisition of the 290 MW Agua Caliente plant from First Solar. The energy from the Arizona plant is under a 25-year contract to PG&E. The company\u2019s recently branched into California solar projects. It owns half of the 392 MW Ivanpah project. Ivanpah recently closed $1.6 billion in financing with the Department of Energy. It owns the 290 MW California Valley Solar Ranch development. It received a loan guarantee of up to $1.2 billion from DOE in April. Ormat--This geothermal company posted $8.2 million in income, versus a $1.5 million loss this time in 2010. Ormat specializes in geothermal energy. It\u2019s based in Reno, Nevada. SunPower Corp.-- This San Jose-based photovoltaic company posted a net loss this quarter at $147 million versus a loss this time last year of $6.2 million. \u201cAbrupt changes in the Italian market\u201d and other European influences were part of the losses, according to the company. The French company Total offered to buy 60 percent of SunPower April 29 for $1.38 billion. Talks are continuing between the two entities, according to SunPower. SunPower noted its 250 MW California Valley Solar Ranch is set for construction in fall. Three power purchase agreements with Southern California Edison in Antelope Valley for 711 MW are in progress. Another 25 MW project is in line for the Modesto Irrigation District. Editor\u2019s note: Current attempts to present financial information on an apples-to-apples level, but not all corporations report on the same basis.