February 24, 2025

earnings

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.
OGE
OGE Energy Sees Growing Demand from Crypto and Commercial Load
OGE Energy released its fourth-quarter earnings, which showed continued load growth in its footprint in Oklahoma and Arkansas.
Avangrid
Avangrid Pushes Forward on NECEC, Offshore Wind, PNM Merger
Avangrid announced Wednesday that its net income increased 16% in 2022 over 2021 but projected flat financials in 2023.
PSEG
PSEG CEO Says Need for ‘Predictability’ Drives OSW Sale
PSEG's CEO said the utility is exiting offshore wind but sees potential in keeping its nukes alive now that they are eligible for federal tax credits.
Exelon
Exelon Earnings Highlight Investments to Comply with State Legislation
Exelon leadership charted out the company’s path to maintaining its growth targets while implementing plans to comply with state environmental legislation.
CenterPoint Energy
CenterPoint to Invest $43B, Addressing Customer Growth
CenterPoint Energy plans to increase its 10-year capital plan to $43 billion through 2030, focusing on additional investments in grid reliability and modernization.
Beyond My Ken, CC BY-SA 4.0, via Wikimedia Commons
Con Ed Yearly Earnings Continue to Rise
Consolidated Edison released its 2022 earnings report showing that it earned $1.66 billion in net income, about $300 million, or 23%, more than in 2021.
Shutterstock
Eversource Still Eyeing Offshore Wind Sale
Eversource’s 2022 earnings were hit by continued uncertainty over its offshore wind portfolio despite record profits, the company said in a call with analysts.
Duke Energy
Duke Energy Meets 2022 Targets, Takes Hit on Renewables Sale
Duke Energy reported that it met earnings expectations for 2022 and highlighted its near-term spending plans on an analyst call.

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