February 22, 2025

earnings

Xcel Energy
Xcel Sees Little Effect from Executive Orders on Energy
Xcel Energy CEO Bob Frenzel said the Trump administration’s energy-related executive orders will have little effect on the company’s operations.
Ørsted
Ørsted Replaces CEO Mads Nipper
Ørsted CEO Mads Nipper has been replaced by Deputy CEO Rasmus Errboe.
Shutterstock
Shell Quits Atlantic Shores Offshore Wind Project in NJ
Atlantic Shores said its offshore wind project in New Jersey will continue despite Shell's exit, which caused the oil supermajor a $1 billion impairment.
Duke Energy
Duke Reports on Hurricanes’ Impact, SMR Plans in Q3 Earnings
Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.
Matt Weldon
AEP CEO: Transmission Provides Foundation for Growth
Newly minted American Electric Power CEO Bill Fehrman is promising to “embrace large load opportunities,” leverage its expertise in 765-kV transmission and deliver more positive regulatory outcomes.
South Fork Wind
Eversource Exit from OSW Drives Q3 Loss
Eversource Energy’s exit from the offshore wind business drove a $118 million loss in the third quarter of 2024, offsetting increased revenue from its electric and gas distribution business relative to 2023, the company told investors.
Peretz Partensky, CC BY 2.0, via Wikimedia Commons
Data Center Opportunity is Strong, Expanding, PSEG CEO Says
On top of its 350 MW of current data center load, PSEG has received formal applications for nearly 400 MW of new data center load and inquiries on over 1,200 MW in data center feasibility studies in new business.
Dominion Energy
Dominion Reports More Data Center Growth, Offshore Wind Progress
Dominion Energy reported net income of $953 million in the third quarter this year, as it continued to see load growth from data centers, progress on its offshore wind project, and infrastructure damage from Hurricane Helene.
Entergy Arkansas and Invenergy
Entergy CEO: Nuclear, Carbon Capture in Equation to Handle Industrial Growth
Entergy said it can tackle industrial load growth with new solar, carbon capture technology at new and existing gas plants and by possibly bringing new nuclear capacity into the mix.
Exelon
Exelon Reports 80% Increase in Data Center Forecasts in Q3 Earnings
Exelon CEO Calvin Butler told investors the utility's data center forecast has increased about 80% during an earnings call.

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