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Analyst
Konstantin Lednev
Period: Reporting periods mapped to calendar 2024 Q4 – 2025 Q1 (2 quarters).
- Questions
- 8on tracked calls
- Challenge rate
- 13%1 of 8 questionsLimited sample
- Companies
- 4questioned at least once
- Reporting periods
- 2with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 8 of 8 questions from 4 companies
CNPCenterPoint Energy2 questions · 1 reporting period · 1 of 2 challenging
Calendar 2025 Q1
do you see any rate constructs being adequate to limit the ROE issues you just came out of the rate case
Show response
Wells emphatically denied regulatory lag concerns for achieving guidance. Noted earned returns improved even as Houston Electric CapEx doubled twice. Will continue seeking legislative solutions to chip away at lag.
how should we be thinking about the cadence of updates as we get to 3Q roll forward
Show response
Wells outlined periodic rhythm of CapEx updates: $1B this quarter, additional electric transmission projects filing this summer, then comprehensive 10-year plan in Q3. Plan grew from $40B to $48.5B.
EIXEdison International2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2024 Q4
with the cost of capital coming up in the state has -- and obviously, the markets are not changing for the better. Does that impact kind of the impacts of the filing?
Show response
CFO confirmed March filing on schedule with quantitative and qualitative analysis of wildfire impact on cost of capital. Structural solutions through AB 1054 framework more important than CoC proceeding alone.
in terms of the timing for a potential AB 1054 drawdown, given the here of claims and settlement, as you mentioned. Do you believe it will take a few years
Show response
CFO noted $1B customer-funded self-insurance would be used first before accessing AB 1054 fund. CEO emphasized urgency of Sacramento action despite timing uncertainty.
ETREntergy2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q1
the guidance was for 75% of the equity to be after 2026, and it looks like that might be accelerating slightly
Show response
CFO clarified no material shift in equity timing. Credit metrics through 2028 building toward 15% FFO to debt.
do you feel the state is now fully competitive on the data center front in terms of providing turnkey interconnection? Have there been any inbound thus far
Show response
CEO confirmed Arkansas fully competitive for data centers post-legislation, with active customer discussions underway.
PCGPG&E Corporation2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q1
How quickly do you believe that preliminary engineering can convert into construction projects
Show response
CEO confirmed 90% of final engineering pipeline on track for construction by 2030. Most spend is transmission filed under FERC, separate from GRC.
how should we be thinking about the $5 billion upside CapEx in the context of the upcoming filing
Show response
CEO noted subsequent GRC years would add capital beyond current plan. CFO added capital could make plan bigger, better for affordability, or extend duration of 9-10% rate base growth.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| CNP CenterPoint Energy | 2 | —Rate withheld: fewer than 3 questions |
| EIX Edison International | 2 | —Rate withheld: fewer than 3 questions |
| ETR Entergy | 2 | —Rate withheld: fewer than 3 questions |
| PCG PG&E Corporation | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 2 | 0%none of 2 questions | 1 |
| 2025 Q1 | 6 | 17%1 of 6 questions | 3 |
- 2024 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q16 questions · challenge rate 17% (1 of 6 questions) · 3 companies
Topics
Topics tagged on this analyst’s questions.
- Regulation Policy4
- Capex Investment3
- Capital Allocation2
- Credit2
- Cloud & AI2
- Demand1