December 18, 2024

earnings

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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Dominion Energy Sees Loss in Q4; Earnings Fall for 2022
Dominion announced its 4th quarter earnings, and CEO Robert Blue discussed legislation in Virginia that would reform how the firm regulated in its main state.
WEC Energy Group
WEC Touts Renewable Investment in Year-end Earnings
WEC Energy Group leadership plugged the billions per year they’ll spend on transforming their utility’s energy mix during a year-end earnings call.
Form Energy
Xcel to Pilot Long-duration Storage at Retired Sites
Xcel Energy plans to pilot long-duration storage systems at two of its retiring coal plant sites, part of an accelerated timeline to transition away from coal.

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