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In 1Q16, total fuel and purchased power expenses for $SO were $337MM vs. $404MM for 1Q15. The decrease was primarily due to a $33MM decrease related to the volume of KWHs purchased, a $23MM decrease related to the volume of KWHs generated, and a $19MM decrease in the average cost of fuel.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.