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November 21, 2024

earnings

Exelon
Exelon Prepping for Major Load Growth in Utility Service Territories
Exelon is focused on meeting rising demand from data centers and manufacturing, company officials said during its second-quarter earnings call.
Duke Energy
Duke Energy Executives Discuss Demand Growth on Q2 Earnings Call
Duke Energy executives highlighted how the return to load growth is impacting its utilities during its second-quarter earnings call with analysts. 
Constellation Energy
Constellation Raises Earnings Guidance amid Rising Demand
Constellation Energy turned in another solid quarterly report Aug. 6, boosting its earnings guidance for the year and offering a rosy picture for the future of its nuclear power fleet. 
Xcel Energy
Xcel Energy Beefs up Wildfire Mitigation Plans
Xcel Energy says it relies on industry best practices and its own experience in beefing up wildfire mitigation plans.
Casey Monaghan, CC-BY-SA-2.0, via Wikimedia Commons
PPL Backs Utility-owned Generation in Pa. After PJM Capacity Price Spike
PPL reported GAAP earnings of $190 million for the second quarter and executives focused on changing market dynamics in PJM during a teleconference with analysts. 
Dominion Energy
Dominion Highlights Demand Growth, OSW Progress
Dominion earned $572 million in the second quarter of 2024 and logged six new peak demand records in July on the back of Virginia’s continued electricity consumption growth.
Bechtel
WEC Energy Group Concentrates on Natural Gas, Solar to Meet Data Center Growth
WEC Energy Group’s second-quarter earnings call zeroed in on the new natural gas and solar generation the company plans to bolster Wisconsin’s economic resurgence.
Shutterstock
PSEG Planning for EV, Data Center Growth
New Jersey last year put an additional 62,426 new EVs on the road, a 68% increase over 2022, which has prompted some advocates to suggest the state is in reach of its goal of having 330,000 EVs in the state by 2025.
NextEra Energy
NextEra Reports Continued Growth in Renewables
Data center agreements with Google totaling 860 MW brought the NextEra Energy Resources backlog to 22.6 GW, even as it placed more than 1.6 GW into service in the second quarter. 
Eversource
Eversource Announces $500M Cut in Connecticut Investments
Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.

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