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Dominion sets May rates
WARREN -- The rate in May for Dominion Energy Ohio's standard choice and standard service offers is $1.94 per thousand cubic feet (Mcf).
The new rates are 84 cents less than the May 2019 rate of $2.78 per Mcf, but are up 16 cents from the April rate of $1.78 per Mcf.
The average residential customer's bill for May would be $35.86, down $6.20 from the May 2019.
Cortland income at $1.4M
CORTLAND -- Cortland Bancorp, the holding company for Cortland Bank, had a net income of $1.4 million, or 32 cents per share, in the first quarter of 2020. That's down from $2.1 million, or 49 cents a share, compared to the first quarter of 2019.
The loss was precipitated by a $600,000 charge to earnings for the provision of credit losses due to the COVID-19 pandemic.
The company reported a net income of $1.9 million, or 44 cents per share, for the last quarter of 2019.
Total average loans of $502 million increased 1 percent from the previous quarter and from the prior year first quarter, and average deposits of $593 million increased by 2 percent from the first quarter last year and remained flat to the linked quarter.
Penn National revenue falls
AUSTINTOWN -- Penn National Gaming, the owner / operator of Hollywood Gaming at Mahoning Valley Race Course, reported first-quarter revenues fell $166.5 million compared to first quarter of 2019, to $1.1 billion.
The loss is directly attributed to the COVID-19 pandemic, which forced the Wyomissing, Pa.-based company to temporarily close all 41 of its U.S. properties.
Staff reports