February 25, 2025

earnings

FirstEnergy
FirstEnergy to Sell Shares of Assets to Boost Equity
FirstEnergy expects to sell interests in its distribution or transmission assets to raise capital following the Ohio House Bill 6 scandal.
© RTO Insider LLC
NextEra Energy Bullish on Future Tx Investments
NextEra Energy stressed importance of new transmission and support of RTOs during its second-quarter earnings call with financial analysts.
Avangrid
Avangrid CEO Says Park City Wind Pushed Back to 2026
Avangrid said it expects the Park City offshore wind project to begin commercial operations in 2026 instead of the 2025 date it previously announced.
Duke Sees Coming Rebound from COVID Sales Slump
The momentum of the post-COVID-19 recovery and Duke’s progress to a net-zero system by 2050 were key themes in the company’s first-quarter earnings call.
Eversource Q1 Results Reflect $30 Million Conn. Penalty
Eversource Energy said that shareholders would shoulder the cost of $30 million in penalties the Connecticut PURA laid down regarding Tropical Storm Isaias.
Con Edison Q1 Earnings up Nearly 12% YoY
Con Ed reported first quarter net income of $419 million ($1.23/share), up nearly 12% compared with $375 million ($1.13/share) from a year ago.
PPL
PPL Highlights UK Sale, Narragansett Acquisition in Earnings Call
PPL is inching closer to the finalization of the sale of its U.K. utility while moving ahead with the acquisition of Narragansett Electric.
CenterPoint Energy
CenterPoint, OGE Put February Storm, Enable Midstream Behind Them
CenterPoint Energy and OGE Energy delivered positive first-quarter earnings, a year after taking financial hits from their Enable Midstream joint venture.
Despite FERC NOPR, Fortis Optimistic About Transmission
In a first-quarter earnings call with analysts, Fortis CEO David Hutchens highlighted the work of subsidiary ITC Transmission in MISO and PJM.
Renewables Boost Avangrid Q1 Earnings
Avangrid reported a 40% increase in its first-quarter profits, compared to the same period in 2020, buoyed by its renewables division.

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