Getting your Trinity Audio player ready...
Peoples Energy Corp.`s first-quarter net income rose 13 percent from a year earlier, mainly because of recent rate increases and colder weather. The parent company for two natural gas utilities posted a profit of $30.8 million, or 94 cents a share, in the quarter ended Dec. 31, up from $27.2 million, or 83 cents a share, a year earlier. Richard E. Terry, chairman and chief executive officer, attributed the improvement to rate increases.
