February 22, 2025

earnings

Ascenty
Xcel Welcomes Load Growth from Data Centers
Xcel Energy is welcoming the coming wave of data centers despite the increased demand they will place on the grid, saying it will accelerate transmission and generation build.
NextEra Energy
NextEra Adds Renewables, Eyes Nuclear Restart
NextEra Energy reported deals for 3 GW of new renewables with its third quarter financials and said it has reached a framework agreement totaling 10.5 GW with two major corporations. 
GE Vernova
GE Vernova Gives Update on Offshore Wind Woes
GE Vernova reported its onshore wind business had its best quarter in three years but its performance was canceled out by problems in its offshore wind business. 
Exelon
Exelon Prepping for Major Load Growth in Utility Service Territories
Exelon is focused on meeting rising demand from data centers and manufacturing, company officials said during its second-quarter earnings call.
Duke Energy
Duke Energy Executives Discuss Demand Growth on Q2 Earnings Call
Duke Energy executives highlighted how the return to load growth is impacting its utilities during its second-quarter earnings call with analysts. 
Constellation Energy
Constellation Raises Earnings Guidance amid Rising Demand
Constellation Energy turned in another solid quarterly report Aug. 6, boosting its earnings guidance for the year and offering a rosy picture for the future of its nuclear power fleet. 
Xcel Energy
Xcel Energy Beefs up Wildfire Mitigation Plans
Xcel Energy says it relies on industry best practices and its own experience in beefing up wildfire mitigation plans.
Casey Monaghan, CC-BY-SA-2.0, via Wikimedia Commons
PPL Backs Utility-owned Generation in Pa. After PJM Capacity Price Spike
PPL reported GAAP earnings of $190 million for the second quarter and executives focused on changing market dynamics in PJM during a teleconference with analysts. 
Dominion Energy
Dominion Highlights Demand Growth, OSW Progress
Dominion earned $572 million in the second quarter of 2024 and logged six new peak demand records in July on the back of Virginia’s continued electricity consumption growth.
Bechtel
WEC Energy Group Concentrates on Natural Gas, Solar to Meet Data Center Growth
WEC Energy Group’s second-quarter earnings call zeroed in on the new natural gas and solar generation the company plans to bolster Wisconsin’s economic resurgence.

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