While showing profits, companies in the California energy business appear to be financially healthy, but show the vagaries of new investments. Little of the bottom lines of these entities have to do with California. Those that are continuing investment in the state appear more profitable than their competition, however. The latest fiscal quarter\u2019s roundup includes: AltaGas\u2014The Canadian company with interests in California posted net income of $16.6 million in the third quarter 2014, compared to $24.7 million this time last year. In second quarter 2014, AltaGas paid $8.5 million to acquire the shovel-ready Blythe II project next to the existing AltaGas Blythe facility located near the California-Arizona border. AltaGas also acquired 76 acres north of the current Blythe facility that provides \u201cfurther opportunities to expand generating capacity at Blythe over the longer term,\u201d according to the company. Calpine\u2014With geothermal and fossil plants in the state, this company posted twice the net income of last year at this time. The third quarter noted $614 million in profits, versus $306 million this time last year. Its investments are now centered on facilities that are in Texas and in the eastern region. In this state, executives note they are \u201ccontent\u201d with the current level of investment. Calpine entered a new 10-year contract for its 225 MW Geysers geothermal facility beginning in 2017. Dynegy\u2014The company reported a loss for the quarter at $5 million. In the third quarter last year, Dynegy reported a gain of $22 million. The company is considering selling its California assets. Those were roped off during Dynegy\u2019s bankruptcy reorganization, but they are now on the table. The state\u2019s market isn\u2019t as attractive as other areas, according to chief executive officer Robert Flexon. He said that the California plants\u2014the 650 MW Morro Bay plant, which was officially closed in February, and Moss Landing\u2014aren\u2019t scalable implying the plants\u2019 spare parts and staff can't be used at other Dynegy facilities. First Solar\u2014The company reported income of $88 million for the quarter. At the same time in 2013, it was $195 million. While a major presence in California, the company is turning its sights outside the borders with sales in North Carolina. Construction continues on its co-owned 550 MW Desert Sunlight plant (with a partial Department of Energy loan guarantee) in Riverside Co. NextEra Energy Resources\u2014A division of NextEra that\u2019s California\u2019s major wind developer reported $204 million for the third quarter. In the same quarter 2013, it posted $281 million. It projects portions of its co-owned 550 MW Desert Sunlight facility in Riverside Co., and the 250 MW Genesis project\u2014also in Riverside Co.\u2014to be online this year. NRG\u2014This California-active company announced net profits of $168 million for the quarter. In 2013 at this time it was down slightly at $119 million. Its operations in the West netted $33 million for the quarter. Officials noted that NRG West received 440 MW in aggregate contracts with Southern California Edison's for fast-start gas units to support demand-response. California is a \u201ctrendsetter\u201d in this area, according to the company. The contracts were called an \u201cadvantage\u201d in the state that is expected to be leveraged for the rest of the nation. The 262 MW Mandalay project is also in play along with the 600 MW Carlsbad project\u2014currently awaiting California Public Utilities Commission approval. NRG reports that its plan to acquire the 947 MW Alta wind farm in the Tehachapis is on track at a cost of over $2 billion. The wind farm is contracted to Edison. It, along with Google and BrightSource Energy, opened the 392 MW Ivanpah thermal solar facility on Feb. 13. The $2.3 billion project received a $1.6 billion loan guarantee from the Department of Energy. Ivanpah has been controversial because of its large size and environmental impacts. But, some environmentalists see it as a big step forward for large-scale solar\u2014in this instance, with storage potential. Output from Ivanpah units 1 and 3 is being sold to Pacific Gas & Electric under two long-term power purchase agreements. The electricity from unit 2 is being sold to Southern California Edison. NRG is also in the rooftop solar business. SunEdison\u2014With offices in San Clemente, Sacramento, Belmont, and Ontario, this company has both large- and small-scale photovoltaic projects and a semiconductor business. It reported a loss of $181 million for the quarter. In 2013 at this time there was a gain of $4 million. The company is focusing its expansion in Southeast Asia and Africa. SunPower Corp.\u2014This San Jose-based photovoltaic company posted $32 million for the third quarter. Last year at this time the company earned $108.4 million. The company\u2014while constructing the 135 MW Quinto solar facility in Merced County and after renaming its 579 MW Antelope Valley project near Rosamond Solar Star\u2014appears to be focusing more on distributed generation, international growth, and financial mechanisms. Editor\u2019s note: Current attempts to present financial information on an apples-to-apples level, but not all corporations report on the same basis.