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it's not going to have diminished profitability because of the goodwill that is being paid and then just a different treatment of privately-owned asset acquisitions
Anything you guys can provide as a basis for the earnings power of this asset and how it compares to municipal M&A
is this just more simply because you have so many growth opportunities that, again, you can smooth out the earnings trajectory
looking at ways to, if I understand correctly, basically, retain the previous full decoupling
you guys consider, you know, maybe using hybrids instead of traditional equity
we've had a lot of announcements -- semi-announcements about new build in PJM. How do you see those potential capacity additions?
what kind of assumptions you're making about cash taxes in that $8.4 billion free cash flow assumption for '26 and '27?
do you think those are comparable deals like quality-wise, firmness wise, to the ones that you guys are working on?
how many of these units you will be able to sign and granted that solar power curves are rising
looking at forward power curves, especially in Northern Illinois, there's been quite a dramatic pullback in those curves
at least listening to the hyperscalers, there's been a shift away from training facilities more to inference
it's kind of surprising to see that there is less of growth opportunities for Vantage in this day and age where you have this seemingly an explosion of behind-the-meter generation
how do they compare versus the load that you currently serve? Yes, like a percentage-wise, how big of an impact is it?
what's the incentive really to as an investor to support California utilities given the headaches that I just mentioned
is it fair to assume that SCE would have a disproportionately large contribution versus other utilities
if the commission doesn't approve the current transaction, you're just going to keep the asset and just address the funding needs with more equity
it's not likely even with the sale of Aquarion and with securitization that there is a reduction in the total equity amount just that the equity is not going to rise meaningfully along with higher ...
this SB4 is going to apply here. So all of the commissioners need to apply on the rate case? So this is more like a test case
given that this transaction needs to be approved by PURA, if you are anticipating any roadblocks there
we've all read about the Manhattan sized data center in your Louisiana service territory from Meta. So how much of that is currently covered by ESAs
how it should have impacted your dilution math in your growth rate
about residential sales being weak, weather-normalized residential sales being weak this quarter and basically flattish year-to-date
I'm sure you run the same math that I did. It's not actually so obvious to see that double-digit return over the life of the assets
does it incorporate a site lease? Or is there an incremental payment, for example, for the land itself on top of that?
it is surprising that they could be ahead of you in the pecking order. It's not for the fact that you guys actually have sites
I see the slide showing the sensitivity of your gross margin to changes in forward power curves. I mean we've had finally the move in curves
does it preclude you from actually potentially bidding for other assets in PJM?
the Big Beautiful Bill and its impact on -- and the tax shield it basically brings with it
what is the difference between the contract that you just signed and the other C&I contracts?
are you seeing some sort of a reaction, for example, from existing large loads, be it in the Permian or anywhere else?
How would you structure these contracts? Are these gonna be spark spread driven contracts?
regulated utilities are actually progressing much faster on the gas side new build and contracting for data centers than IPPs are
you talked about potential contracting with generation assets of IPPs in Pennsylvania—at least that is what it sounded like to me. And I am wondering if you are referring to existing assets or to n...
is it a onetime issue because of the rate case that you just filed, meaning that some of those earnings deficiencies get remediated in this rate case?
do you think that this would be, for example, deducted against the capacity deficiency that would be procured in the backstop PJM capacity auction?
you mentioned that as the data center pipeline grows, the rule of thumb about how much transmission spending is needed for every gigawatt of load added no longer holds
you were filing rate cases a little bit sooner than I would have expected. Is it just because you are facing cost inflation? Is it because the sales volumes are slightly weaker
Is it possible that you could develop contract-based generation assets and that the offtaker of those contracts would be your Pennsylvania utility?
there are a number of companies from the Midwest and Mid-Atlantic that have reported and all have shown actually weak industrial sales, actually residential sales as well
I have basically like about $500 million of CapEx, right, that I need to replenish in order to beat the current CapEx plan unchanged
we haven't seen any announcements at least public announcements about the 11 gigs or even the original 9 gigs of low growth in your zone in Pennsylvania. And I'm just wondering if -- are we waiting...
you're not waiting for that model tariff to be established before basically finalizing these data center deals?
do you still have this material benefit on the time to power benefit? And is that in a sense disproportionately benefiting your zone as far as attracting the load growth in Pennsylvania?
on the 2024 results, so the hold call drag was probably the biggest surprise here
you have this very meaningful increase in the rate base growth. And, yes, it comes with additional equity. And I'm actually surprised that it doesn't result in an increased growth earnings growth t...
building a brand new combined cycles for a hyperscaler or whoever under a long-term contract by Southern Power meeting your return expectations
the Southeast seems to come up quite a bit. I mean I'm looking at the map. There are a few options here. So I'm just wondering, is it just, as I said, preliminary discussions
you clearly have this unique cost of capital advantage in the entire industry. That usually comes with well, with more pressure
In your case, I'm not complaining that there hasn't been enough activity on the data center site in Georgia or Mississippi, but fewer of those are sort of done along with your state utilities
how you think you see the demand for long-term contracts for gas-fired new build ahead of this RBA
how you see that requirement or that push vis-a-vis your large and growing generation portfolio?
your '26 guidance, you're very heavily hedged. You have a capacity auction that comes with a pricing floor
it's hard to tell that you have this upside potential, probably once in a generation, coming from AI
why haven't we heard of any gas deals? Is it that, you know, you mentioned in the past some sort of a portfolio deals
are we waiting both in Texas and at FERC for the final rules to be passed? Before any deals can be announced