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July 3, 2024

earnings

Revolution Wind
Offshore Wind Power Boosts Revenue for Ørsted
Ørsted, the largest OSW developer in the world, reported that earnings from its offshore wind business hit an all-time high in the first quarter of 2023.
PSEG
PSEG Sees Fortunes Stoked by NJ OSW, EV Advances
PGEG's CEO said the company should get a boost from New Jersey’s second solicitation for offshore wind transmission upgrades and a deepening embrace of EVs.
WEC Energy Group
WEC Energy Group’s Earnings Droop on Mild Winter
WEC Energy Group’s first-quarter earnings dipped year-over-year, owing to one of the mildest winters in its service territory in more than a century.
Library of Congress
FirstEnergy Pressured to Acquire W.Va. Coal Plant
Pressure to purchase and run a West Virginia coal-fired power plant poses financial and political complications for Ohio-based FirstEnergy.
CenterPoint Energy
CenterPoint’s $43B Capex Plan on Track
CenterPoint Energy navigated high interest rates and mild winter weather for a "tremendous start" to 2023 and is on its way to deploying $43 billion in capital.
Xcel Energy
Xcel: Nuclear Water Leaks’ Costs ‘not Material’
Xcel Energy says repair costs for two radioactive water leaks since last November at its Monticello nuclear plant “were not significant.”
Lordstown Motors
Lordstown Motors Production Line Down at Least Until April
Lordstown Motors is uncertain whether it will resume production of its electric pickup truck following a second recall to address supply chain quality issues.
Vistra
Vistra Favors PCM’s Emphasis on Dispatchable Gen
Vistra is taking a wait-and-see approach to ERCOT’s market redesign that is currently being debated, saying there are many details to work out.
PG&E
PG&E Scales Back Plan to Underground Lines
PG&E CEO Patti Poppe said the utility is slowing the pace of its efforts to bury 10,000 miles of distribution lines to prevent wildfire ignitions.
AEP
AEP Continues to De-risk the Balance Sheet
AEP reiterated its strategy to de-risk the company and prioritize investments during the company’s quarterly earnings call with financial analysts.

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