earnings
South Fork Wind
Eversource Energy’s exit from the offshore wind business drove a $118 million loss in the third quarter of 2024, offsetting increased revenue from its electric and gas distribution business relative to 2023, the company told investors.
Peretz Partensky, CC BY 2.0, via Wikimedia Commons
On top of its 350 MW of current data center load, PSEG has received formal applications for nearly 400 MW of new data center load and inquiries on over 1,200 MW in data center feasibility studies in new business.
Dominion Energy
Dominion Energy reported net income of $953 million in the third quarter this year, as it continued to see load growth from data centers, progress on its offshore wind project, and infrastructure damage from Hurricane Helene.
Entergy Arkansas and Invenergy
Entergy said it can tackle industrial load growth with new solar, carbon capture technology at new and existing gas plants and by possibly bringing new nuclear capacity into the mix.
Exelon
Exelon CEO Calvin Butler told investors the utility's data center forecast has increased about 80% during an earnings call.
Ascenty
Xcel Energy is welcoming the coming wave of data centers despite the increased demand they will place on the grid, saying it will accelerate transmission and generation build.
NextEra Energy
NextEra Energy reported deals for 3 GW of new renewables with its third quarter financials and said it has reached a framework agreement totaling 10.5 GW with two major corporations.
GE Vernova
GE Vernova reported its onshore wind business had its best quarter in three years but its performance was canceled out by problems in its offshore wind business.
Exelon
Exelon is focused on meeting rising demand from data centers and manufacturing, company officials said during its second-quarter earnings call.
Duke Energy
Duke Energy executives highlighted how the return to load growth is impacting its utilities during its second-quarter earnings call with analysts.
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