Electric Utilities

NRG Energy, a Texas-based power producer, missed Wall Street's estimates for its first-quarter adjusted profits on Wednesday, due to a milder weather pattern in Texas, and increased costs. This sent the company's shares down 3.6% at opening. Interest expenses for the company in the third quarter increased to $285m from $163m a year earlier, impacted by costs associated with the completed acquisition of assets in power generation from investment firm LS Power. The deal was valued at?12 billion. NRG, based in Houston, Texas, saw its operating costs increase by 33.4% from $9.93 billion to $9.93 Billion. The company expects to...

Exelon, the U.S. utility, exceeded Wall Street expectations for first-quarter adjusted profits on Wednesday. This was due to higher electricity prices, strong?demand, and favorable weather. As tech giants build out massive data centers for artificial intelligence tasks, power?companies in the U.S. are raising prices and increasing capital expenditures to keep up with demand. Rate-case processes are used by regulated utilities to determine the amount customers will be charged for electricity, natural gas and other services like private water and steam. Exelon has increased its capital spending forecast to $41.7 billion over the next four-year period, up from $41.3 billion. The...

NRG Energy, a power producer in Texas, missed Wall Street expectations for the first quarter adjusted profit. Compared to $163 million a quarter ago, the company's interest expenses in?the?quarter rose to $285 millions. This was due to costs associated with a completed acquisition of assets for power generation from investment firm LS Power. The?deal, valued at $12 billion? included costs related to this deal. NRG, based in Houston, Texas, saw its operating costs increase by 33.4%. They now total $9.93 billion. The company anticipates that commercial operations will begin at the 415 megawatt T.H. The company expects to start commercial...

EDP Renewables announced on Wednesday that it had surpassed analysts' expectations by achieving a 9% increase in its recurring net profit for the first quarter. This was due to higher production and cost-cutting. EDP's renewables division reported a recurring net loss of 71 millions euros ($83million). The average estimate of the analysts polled at LSEG was 52,5 million euros. The company said that despite the lower European electricity price, overall revenues remained flat at 591 millions euros. This was due to a 3% rise in production of 11,300 gigawatt-hours. North America accounted for 59% and Europe for 29%. In a...

Ameren, the utility company, reported a?23% increase in its first-quarter profits on Tuesday. This was primarily due to earnings from infrastructure investments that aimed to improve reliability. Utility companies are increasing spending on transmission and delivery networks to meet the rising demand for power in 'the U.S. Electric segment revenue rose by?2.4% in the quarter to $1.66?million, while revenue from the gas segment grew by?8.4% to $515?million. Ameren reported that its net income for the quarter ended March 31 rose to $357 million or $1.28 a share. This is up from $289 millions or $1.07 a share compared to a...

WEC Energy, a utility firm, reported an increase in its 'first quarter profit' on Tuesday. This was largely due to higher sales to residential and industrial customers. It also said that it worked with large hyperscale clients for a potential growth of load of up to four gigawatts. The U.S. is expecting its power consumption to increase further this year after reaching its second consecutive annual record in 2025. This will be driven by Big Techs race to build energy-intensive, data centers that support AI initiatives and homes and business increasingly using electricity for heating and transportation. WEC announced on...

Duke Energy, a utility company in the United States, exceeded Wall Street's expectations for first-quarter revenue and profit on Tuesday. This was due to?a recovery of infrastructure investments based on rates and favorable weather. U.S. utilities are pushing to raise customer electricity rates in 2026 to 'pay for infrastructure improvements.' Power grids are being strained due to extreme weather, increasing demand from data centers and electrification. Duke said in its most recent earnings call to investors that it has signed agreements with electric companies for 7,6 gigawatts of data center demand since 2024. The majority of these projects are currently...

WEC Energy, a utility firm, reported on Tuesday a rise in its?first quarter profit. This was largely due to an increase in the sales of electricity to both residential and industrial customers. The U.S. power consumption is expected to rise this year after reaching its second consecutive annual record in 2025. This will be primarily driven by Big Techs racing to build energy intensive data centers to support AI and homes and businesses using electricity more for heating and transportation. The company reported that the consumption of electricity by large commercial and industry customers rose by 2.7% in the last...

American Electric Power raised its five-year investment plan to $78 billion on Tuesday and beat Wall Street's estimates for the first-quarter profits, as surges in power demand from industrial and data centers?drives expansion throughout?its network. U.S.?electricity demand has risen at an unprecedented rate, as utilities increase their investments to serve Big Tech firms building data centers for artificial intelligence technologies. AEP announced that it had signed new load agreements totaling 7 gigawatts during the first quarter of this year, mostly in Ohio and Texas. This will bring its incremental load growth to 63 gigawatts expected by 2030. AEP Texas is...

Duke Energy, a utility company, exceeded Wall Street's expectations on Tuesday for its first-quarter revenue and profit. This was due to the?recovery of rate-based investments in infrastructure and favorable weather. Energy companies are pushing for a?rise in customer electricity rates?in 2026 to pay for infrastructure upgrades, due to extreme weather conditions and the growing demand from data centers and electrification. Rate case processes are used by regulated utilities to determine the amount customers will be charged for services like electricity, natural gas, and private water and steam. Duke Energy's revenue for the first quarter was $9.17 billion. This is up...

According to a statement posted on the website of the U.S. Treasury Department on Monday, "the United States extended a license protecting Venezuelan-owned refiner Citgo Petroleum against 'creditors until June '19." The Office of Foreign Assets Control issued the general license to boost investment in Venezuela and increase oil production. The U.S. also strengthens its protection of Houston's?Citgo, and its overseas parent companies which are the crowning jewels of Venezuela's foreign assets. Citgo is America's eighth largest refiner. The previous OFAC licence, issued in March, was set to expire on May 5. Citgo will be acquired by Amber Energy, a...

On Monday, The Nuclear Company and Brookfield Investments announced that they would form a joint-venture to 'develop nuclear projects using u.s. The Nuclear?Company and Brookfield announced on Monday that they will form a joint venture to?develop nuclear projects utilizing?U.S. They said that the new company would combine Brookfield’s expertise in asset management, energy infrastructure development and "nuclear?project delivery capabilities" with The Nuclear Company. This includes project'management, licensing support, and oversight of the engineering, procurement and?construction for Westinghouse AP1000 or AP300 reactors. Investors and governments are partnering to revive nuclear power as an 'emission-free, stable energy source in the face of...

Morgan Stanley analysts stated that advanced artificial intelligence tools can 'help reduce video game development costs by nearly half and unlock about $22 billion per year in profits for game makers around the world. In a note published on Tuesday, the brokerage stated that AI tools could be used to automate tasks such as creating game environments, generating dialog and testing software. This would help reduce production times and costs and increase margins. It added that gains will not be distributed equally across the gaming industry. Wall Street brokerage estimates that global consumer spending will reach $275 billion in video...

Karel Havilicek, Minister of Industry and Trade, said that the 'Czech Republic' will extend the life span of the four existing units at the Dukovany nuclear power plant by 20 years to 80 years and run them until 2065-2067. Dukovany was built by CEZ, a majority-owned state-owned company, in 1985-1987. Its Soviet-designed VVER nuclear reactors are capable of 2,000 megawatts. This decision follows other life extension decisions, particularly in France, as countries seek to ensure sufficient supplies following the gradual demise of fossil fuels. The 'decision' means that the old units will be running for a longer period alongside the...

On Thursday, France announced seven offshore wind projects totaling 10 gigawatts as well as smaller onshore and solar wind tenders. The country said it would favour domestic technologies as part of its quest to achieve energy independence. Due to the political gridlock regarding financing renewables, France is struggling with high debt. The two-year delay in tendering is due to this. Roland Lescure, Finance Minister, said that the projects will help France to further wean itself off of imported oil and natural gas. The Iran War continues to disrupt cargoes that are sailing through the Strait of Hormuz. This is expected...

Dan Lipman, the president of global business initiatives for 'Westinghouse', said that Japan and the United States have reached an agreement on their respective responsibilities in a possible?joint project between Westinghouse and Japanese manufacturers of nuclear power equipment. On Saturday, Dan Lipman, president of?global business initiatives at?Westinghouse's told? Sources told us this month that Japan and the U.S. were working together to include a nuclear project as part of a second tranche of deals in Japan's $550 billion investment package. The deal will involve Westinghouse. As nations seek to increase their domestic energy resources, the momentum for building nuclear facilities...

Tokyo Electric Power announced 'on Friday that it is likely to delay the start of commercial operations at the 'Kashiwazaki Kariwa nuclear power station due to a minor leak in electricity transmission. TEPCO announced that it has decided to suspend?from the No. 6 reactor of the plant. The electricity leak was detected by an alarm in the reactor No. A spokesperson for the utility said that the utility had planned to restart commercial operations on March 18, but needed time 'to investigate the issue.' It is unclear how long this delay will last. The spokesperson stated that the reactor showed...

Kim Jung-kwan, South Korea's Industry Minister, said that Seoul was 'in talks' to invest in a nuclear project in the United States. This is part of Seoul’s pledge of investing $350 billion into U.S.-based projects. Seoul is scrambling to review its deals with Washington, after U.S. president Donald 'Trump' threatened to increase tariffs on goods imported to South?Korea by 25%. He blamed a delay of the Asian ally in implementing a trade agreement agreed last year. Kim responded to a question from a member of the parliamentary committee about Korea's potential investments in U.S. nucleopower plants by saying, "We are...

Is this the Art of the Deal, Gregor Stuart Hunter? U.S. president Donald Trump warned that trade partners should not "play games" and back out of recently agreed trade agreements after the Supreme Court ruled against his 'emergency tariffs. Some foreign governments want to check if they still have the same terms that were originally negotiated. Trump will "come out smokin'" in his State of the Union Address on Tuesday, after the tariff setback. He may even take aim at the Supreme Court Justices who are seated there. However, governments in Asia still have concerns. Japan wants to know if...

Prices for two rare earths that are crucial to making super-strong magnets used in EVs or defence equipment have risen on the back of a?firm supply and a?firm demand. This is above an unprecedented price floor set by the U.S. As long as the price of MP Materials' neodymium & praseodymium remains above $110 per kilogram, the U.S. Government will not be required to subsidise the company. The price increase to $123 per kg, which is the highest level since July 2022 will also help other rare earth companies that Western governments are hoping will be able reduce their reliance...

A Trump administration official who is familiar with the plan revealed that President Donald Trump will launch a?strategic critical minerals stockpile? with $12 billion of seed money from the U.S. Export-Import Bank. The investment is a 'last ditch effort by Washington to counter what they perceive as Chinese price manipulation for minerals such as lithium, nickel, and rare earths, which are vital to items like electric vehicles, high-tech weapons, and many other products. Bloomberg News reported that the project, Project Vault will combine private financing with a $10 Billion loan from the EXIM Bank in order to stockpile minerals for...

Tokyo Electric -Power announced on Thursday that its subsidiary TEPCO Power grid will "sell" up to 26 million shares of its Kandenko affiliate as part restructuring efforts to improve the financial health of its company and pursue growth. The sale of shares, which is valued at approximately 150 billion yen (979 million dollars) based on Kandenko’s closing price on Thursday, forms part of Tepco’s plan, announced on Monday, to raise?about?200 billion yen by selling assets over the next three-year period. Tepco stated that the proceeds will be used to?capital invest in order to maintain a stable supply of electricity and...

On Saturday, almost 4,000 flights in the U.S. were cancelled ahead of a monster storm that already has?cut off power to thousands utility customers as far as Texas? and threatens to paralyze east states with heavy snowfall. Forecasters predicted that a monster winter storm, which has already 'cut power to thousands of utility customers as far west as Texas,' and threatened to paralyze eastern states with heavy snowfall, will sweep across the eastern two thirds of the country on Sunday, and continue into next week. Donald Trump, who called the storms historic, approved federal disaster declarations on Saturday in South...

Tokyo Electric Power (TEPCO), after completing inspections, will restart a reactor on Wednesday at the?Kashiwazaki - Kariwa?nuclear plant. This is its first move of this kind since the Fukushima nuclear disaster in 2011. TEPCO announced that it would bring online the 1,36 gigawatt reactor (GW) No. 6 after 7 pm (1000 GMT). The reactor No. 6, which is one of seven in Kashiwazaki-Kariwa's nuclear power plant, can produce 8.2 GW at full capacity. TEPCO investigated an alarm malfunction. TEPCO reported that the equipment was working normally as of early Wednesday morning. Reactor No. Reactor No. Reactor No. Reactor No. 7...