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November 24, 2024

earnings

Peretzp, CC BY-SA 3.0, via Wikimedia
PSEG Awaits Federal Nuclear Plant Tax Credits
PSEG still is waiting to hear from the Treasury Department on the rules on the Production Tax Credits that are part of the Inflation Reduction Act.
Entergy
Entergy Highlights Data Center and Industrial Load Growth in Q4 Earnings
Executives focused on Entergy’s booming industrial load growth during a year-end earnings call Feb. 22.
Pacific Gas and Electric
PG&E Foresees Strong Growth from Electrification, Data Centers
California’s “leadership in electrification” will be a key driver of Pacific Gas and Electric’s expected customer growth over the next five years, CEO Patti Poppe said during an earnings call.
Dominion Energy
Dominion Sells 50% of Coastal Virginia Offshore Wind to Stonepeak
Dominion Energy reported earnings of $2 billion in 2023 and announced that it has closed on an equity partner for its Coastal Virginia Offshore Wind project. 
Worldview Films
Avangrid Avoids Major Offshore Wind Losses
Avangrid reported a year-over-year decrease in income but said a timely pause in its offshore wind projects saved it from write-offs that could have run into the billions.
PPL
PPL CEO Talks Energy Transition on Q4 Earnings Call
PPL plans to invest $14.3 billion in capital spending from 2024 to 2027, which would strengthen reliability and resiliency while enabling more clean energy and keeping a lid on costs for customers.
Georgia Power
Southern Looks Beyond Vogtle After Challenging 2023
Southern Co. is forecasting 5 to 7% annual earnings growth thanks to a robust economy in Georgia.
Con Edison
ConEd to Invest $20B in Tx and Climate Resiliency Through 2028
Consolidated Edison will invest nearly $20 billion over the next four years in transmission infrastructure as part of its Reliable Clean City initiative and to mitigate climate vulnerabilities.
South Fork Wind
Eversource Finds OSW Buyer, Takes $1.95B Hit for 2023
Eversource finalized its long-running attempt to sell off its offshore wind assets, but not soon enough to avoid a $1.95 billion impairment for 2023.
Duke Energy
Duke Energy Projects Higher Earnings, Load Growth in 2024
Duke Energy reported an increase in projected load growth from economic development and migration at its 2023 year-end earnings call.

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