Oh really"Regulated" Utilities earn lots of profits, PG&E earned around 2 billion in profit in 2011, out of 15 billion in revenue. I think a 1% profit margin is better. So they do earn a significant profit. Around 10 to 20% profit.
Income is listed as 1,298m before taxes or 858 after taxes.
on revenue of 14,985m
profit would be 5.7%. Which is in no way extraordinary.