Dafinchi AI

PPL Corporation

PPL

Energy & Utilities

2w

Strategic Investment in Data Center Growth and Infrastructure in Pennsylvania and Kentucky

PPL is actively supporting data center expansion, with over 14.5 GW in advanced development stages and nearly 5 GW publicly announced.
Invested $13 billion in Pennsylvania's grid since 2013, with an additional $7 billion planned through 2028, enabling rapid connection of new data centers.
Projected transmission capital investment for data centers ranges from $750 million to $1.25 billion, with only $400 million included in the current capital plan.
Kentucky's economic development pipeline includes $36 billion in new investments from 2020-2024, with 8.5 GW of potential load, including 5.7 GW from data centers.

PPL Corporation

PPL

Energy & Utilities

2w

Financial Performance Summary

Adjusted earnings from ongoing operations were $0.32 per share, a $0.06 decrease compared to Q2 2024, impacted by timing of expenses, favorable weather last year, and higher interest expense.
Adjusted earnings from ongoing operations were $0.32 per share, a $0.06 decrease compared to Q2 2024, primarily due to timing of operating costs, favorable weather in Q2 2024, and higher interest expense.
Kentucky segment results were flat year-over-year; Pennsylvania segment results decreased by $0.02 per share; Rhode Island segment results decreased by $0.03 per share; Corporate and Other decreased by $0.01 per share.
PPL issued $180 million of equity through ATM in the quarter, totaling $350 million for the year so far.
PPL reported second quarter GAAP earnings of $0.25 per share, down slightly from $0.26 per share in Q2 2024.
Special items of $0.07 per share were recorded, mainly due to IT transformation costs and Rhode Island integration expenses.
Special items of $0.07 per share were recorded, mainly related to IT transformation costs and Rhode Island integration.
The company remains confident in achieving at least the midpoint of its 2025 ongoing earnings forecast of $1.81 per share.

WEC Energy Group, Inc.

WEC

Energy & Utilities

3w

Progress and Uncertainty in Vantage Data Center Demand Forecast

Vantage's long-term demand potential is 3.5 gigawatts, with an active short-term target of 1.3 gigawatts by 2027.
The company is working on purchase agreements and plans to include this demand in their 5-year capital plan.
Further updates on the demand forecast and project development are expected in the third quarter.

Xcel Energy Inc.

XEL

Energy & Utilities

2w

Significant Upward Revision of Capital Investment Plan from $45B to Over $60B

Xcel Energy now estimates a need for an additional $15 billion of capital investment beyond the initial $45 billion forecast, largely within the current 5-year plan and some beyond.
Drivers include increased energy demand, generation, and transmission needs, especially in Texas, New Mexico, and the Upper Midwest.
The company plans to file for regulatory approval for nearly 5,200 MW of generation/storage projects by 2030, with decisions expected in 2026.
The incremental investment is driven by reliability, growth, and evolving energy policy landscape, including federal legislation and tax credits.

Public Service Enterprise Group Incorporated

PEG

Energy & Utilities

2w

Financial Performance Summary

PSEG maintained total available liquidity of $3.6 billion as of June 30, 2025, including $186 million in cash.
PSEG Power & Other reported net income of $253 million in Q2 2025 versus $132 million in Q2 2024, with non-GAAP operating earnings rising to $52 million from $11 million, benefiting from higher nuclear output and absence of last year's refueling outage.
PSEG reported net income of $1.17 per share for Q2 2025, up from $0.87 in Q2 2024, and non-GAAP operating earnings of $0.77 per share, up from $0.63 in Q2 2024, reflecting over 20% growth year-over-year.
PSE&G segment net income and non-GAAP operating earnings were $332 million in Q2 2025 compared to $302 million in Q2 2024, driven by new distribution rates and higher generating volume.
PSEG's nuclear fleet achieved a capacity factor of 88.8% in Q2 2025, producing approximately 7.5 terawatt hours, up 0.5 terawatt hours from the prior year period.

Alliant Energy Corporation

LNT

Energy & Utilities

1w

QTS Data Center Investment and Growth Strategy

Alliant Energy announced a $10 billion investment in Cedar Rapids, the largest in Iowa history, involving a partnership with QTS Centers, a Blackstone portfolio company.
The Cedar Rapids project is a multi-phase data center development expected to reach 1,600 MW by 2028, with initial load of about 200 MW in 2026 and scaling up to full capacity by 2028.
QTS is also pursuing a multiphase data center project in Madison, with active negotiations and community engagement, indicating a strategic focus on data center growth as a key driver of future load.
The company emphasizes transparency and high confidence in mature projects, with a focus on converting advanced discussions into concrete growth, and plans to update CapEx plans in Q3.
QTS's projects are expected to significantly contribute to Alliant's load growth, requiring new generation resources, primarily gas turbines, to support the increased demand.

Duke Energy Corporation

DUK

Energy & Utilities

2w

Financial Performance Summary

Duke Energy reported adjusted earnings per share (EPS) of $1.25 for Q2 2025, up from $1.18 in Q2 2024, driven by top-line growth across Electric Utilities.
Electric Utilities and Infrastructure segment EPS increased by $0.10 year-over-year due to new rates in Carolinas, Florida, and Indiana, partially offset by higher O&M and interest expenses.
Gas Utilities and Infrastructure results were flat year-over-year, consistent with seasonal trends in the LDC business.
The company is on track to achieve its 2025 EPS guidance range of $6.17 to $6.42 and maintain a long-term EPS growth rate target of 5% to 7% through 2029.
The Other segment declined by $0.02 primarily due to higher planned interest expense.

The Southern Company

SO

Energy & Utilities

2w

Strategic Capital Investment and Regulatory Approvals for 10 GW Generation Plan

Georgia Power filed to certify 8 GW of new generation resources from all-source RFPs, including natural gas, solar, and battery storage, with a final review by Georgia PSC expected later this year.
Georgia Power requested certification for an additional 2 GW of capacity through a supplemental filing, bringing total new generation requests to approximately 10 GW.
Potential incremental regulated capital investment of up to $4 billion through 2029 if the full 10 GW is approved, significantly expanding the company's growth prospects.