Shelton, CT, Aug. 29, 2025 (GLOBE NEWSWIRE) -- EDWARD H. BAINE ELECTED TO THE HUBBELL INCORPORATED BOARD OF DIRECTORS The Board of Directors of Hubbell Incorporated (NYSE: HUBB) announced today the election of Edward H. Baine as a Director of the company effective August 29, 2025. This addition to the Hubbell Board brings the total number of Directors to eleven, of which ten are independent. Mr. Baine, 51, is currently the executive vice president-Utility Operations and president-Dominion Energy Virginia a ...

Group 1 - The 2025 growth narrative is significantly driven by AI, impacting various sectors [1] - The Industrial sector has seen growth primarily due to Aerospace & Defense and advancements in electric infrastructure [1] - Communication Services has increased by 15%, with major contributions from companies like Meta Platforms [1]

Investment Thesis - Dominion Energy is positioned as a growth stock due to its role in supplying electricity to data centers, particularly in Lowden County, Virginia, which handles 70% of global internet traffic [2][8][10] - The company's traditional shareholder base, attracted by its dividend payments, is now joined by investors recognizing the increasing electricity demand driven by AI and data center buildout [9] - The stock is potentially breaking out above historical resistance at around $60-$61, supported by a moving average crossover (golden cross) [6] Growth Drivers - Amazon has invested $52 billion between 2011 and 2021 in the region and committed to spending another $35 billion between now and 2040, with plans to add 42 million square feet of data center space [3] - Dominion Energy experienced nine of its top 10 all-time peak electricity demand days in Virginia this year [4] - Hyperscaler capex is reaccelerating, leading to increased data center and energy needs, indicating a secular trend for utility companies [10] - Natural gas is expected to fill the void in power generation for data center demand, further benefiting utility companies [11] Financials and Catalysts - Dominion Energy affirmed its dividend and earnings outlook for the year, maintaining its creditworthiness [5] - The company has a 45% yield [7] - A rate case decision is expected in September, which could act as a catalyst if regulators approve increased rates for serving data centers [6][7] Risk Management - A break below $50 would be a signal to re-evaluate the investment [7]

Core Insights - Dominion Energy reported $3.81 billion in revenue for Q2 2025, a year-over-year increase of 9.3% and an EPS of $0.75 compared to $0.55 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Financial Performance - The reported revenue of $3.81 billion surpassed the Zacks Consensus Estimate of $3.64 billion, resulting in a surprise of +4.54% [1] - The EPS of $0.75 also exceeded the consensus estimate of $0.69, delivering an EPS surprise of +8.7% [1] Key Metrics - Total operating revenue for Dominion Energy Virginia was $2.71 billion, above the average estimate of $2.67 billion, reflecting a year-over-year change of +6.9% [4] - Total operating revenue for Contracted Energy was $245 million, below the estimated $262.43 million, representing a year-over-year decline of -13.7% [4] - Total operating revenue for Dominion Energy South Carolina reached $836 million, exceeding the average estimate of $765.6 million, with a year-over-year increase of +9.7% [4] Stock Performance - Shares of Dominion Energy have returned +2.8% over the past month, outperforming the Zacks S&P 500 composite's +2.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Dominion Energy Inc. reported second-quarter 2025 operating earnings of 75 cents per share, exceeding the Zacks Consensus Estimate of 69 cents by 8.7% and reflecting a 15.4% increase from the previous year [1][9] - The company's revenues reached $3.81 billion, surpassing the Zacks Consensus Estimate of $3.64 billion by 4.5% and showing a 9.3% year-over-year growth from $3.49 billion [3][9] Financial Performance - GAAP earnings were reported at 88 cents per share, compared to 64 cents in the same quarter last year, with differences attributed to nuclear decommissioning trust funds and other non-operational adjustments [2] - Operating net earnings for the quarter were $649 million, marking a 14.5% increase year over year [5] - Total operating expenses rose by 1.2% year over year to $2.71 billion, driven by increased operations and maintenance expenses [4] Segment Performance - Dominion Energy Virginia reported net income of $549 million, up 13.2% year over year [6] - Dominion Energy South Carolina saw net income increase by 58% to $109 million [6] - Contracted Energy segment net income decreased by 53% to $47 million from $100 million in the prior year [6] - Corporate and Other segment reported a net loss of $56 million, an improvement from a loss of $87 million in the previous year [6] Balance Sheet and Cash Flow - Current assets as of June 30, 2025, were $344 million, up from $310 million at the end of 2024 [7] - Total long-term debt increased to $35.9 billion from $33.03 billion as of December 31, 2024 [7] - Cash provided from operating activities in the first half of 2025 was $2.42 billion, down from $2.84 billion in the same period last year [7] Guidance and Future Outlook - Dominion Energy reiterated its 2025 operating earnings guidance of $3.28-$3.52 per share, with the Zacks Consensus Estimate at $3.39 per share [10] - The company expects long-term annual operating earnings growth of 5-7% from 2025 operating earnings per share [10] - Planned investments amount to $50 billion for the period from 2025 to 2029 [10]

Financial Data and Key Metrics Changes - Second quarter operating earnings were $0.75 per share, including $0.02 from RNG 45Z credits and $0.01 from better than normal weather, compared to the previous year [4] - GAAP results for the second quarter were $0.88 per share, with positive factors including $0.07 from regulated investment growth and $0.07 from increased sales [4][5] - The company reaffirmed its financial guidance for 2025 operating earnings per share to be between $3.28 and $3.52, with a midpoint of $3.40 [6] Business Line Data and Key Metrics Changes - Strong sales were reported in service areas, driven by data center expansion and economic growth, with nine of the top ten peak days in Virginia occurring this year [7] - The company is experiencing robust interest in data center contracts, with plans to refresh detailed disclosures later in the year [7] Market Data and Key Metrics Changes - The Coastal Virginia offshore wind project is now 60% complete, with first electricity delivery expected in early 2026 and full completion scheduled for 2026 [11] - The project has created approximately 2,000 jobs and generated $2 billion in economic activity [12] Company Strategy and Development Direction - The company is focused on three principal priorities: achieving financial commitments, timely construction milestones for the Coastal Virginia offshore wind project, and constructive regulatory outcomes [3] - The Coastal Virginia offshore wind project is positioned as a key component in supporting America's AI and cyber preeminence, as well as military and defense installations [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed high confidence in the ability to deliver on financial plans and credit targets, emphasizing a conservative approach to financial planning [8] - The company is committed to delivering reliable, affordable, and increasingly clean energy to customers while remaining focused on consistent execution [33] Other Important Information - The total project budget for the Coastal Virginia offshore wind project has been increased to $10.9 billion, with an expected average increase of $0.03 per month in residential customer bills [24] - The company is actively engaged in regulatory processes for new projects, including the Chesterfield Energy Reliability Center, with hearings scheduled for September [27] Q&A Session Summary Question: Confirmation on the offshore wind project timeline and turbine installation - Management confirmed high confidence in the schedule, expecting the ship in August and starting sea trials next week, with turbine installation being flexible [38][39] Question: Financial execution and guidance for fiscal 2025 - Management indicated a strong start to the year, biased towards the top half of the guidance range, with Q3 being the largest sales quarter [43][44] Question: Delay in PJM cost update for network upgrades - Management noted that PJM has a lot going on, and they do not expect significant changes in costs compared to previous updates [52] Question: Staff recommendations in the biennial review - Management stated that the biggest headline number is not in dispute, and the focus will be on normal regulatory issues such as appropriate ROE and O&M costs [54]

Financial Data and Key Metrics Changes - Second quarter operating earnings were $0.75 per share, including $0.02 from RNG 45Z credits and $0.01 from better than normal weather, with GAAP results at $0.88 per share [4][5] - The company reaffirmed existing financial guidance for 2025 operating earnings per share between $3.28 and $3.52, with a midpoint of $3.40 [5] Business Line Data and Key Metrics Changes - Positive factors contributing to the second quarter results included $0.07 from regulated investment growth, $0.07 from increased sales, and $0.05 from a DESC rate case settlement in 2024 [4] - Strong sales were noted in service areas driven by data center expansion and economic growth, with nine of the top ten peak days in Virginia occurring this year [6][7] Market Data and Key Metrics Changes - The Coastal Virginia offshore wind project is now 60% complete, with first electricity delivery expected in early 2026 and full completion scheduled for 2026 [11] - The project has created approximately 2,000 direct and indirect jobs and generated $2 billion in economic activity [12] Company Strategy and Development Direction - The company is focused on three principal priorities: achieving financial commitments, timely construction milestones for the Coastal Virginia offshore wind project, and constructive regulatory outcomes [3][34] - The updated project cost for the Coastal Virginia offshore wind project is $10.9 billion, with an expected increase in residential customer bills by an average of $0.03 per month [24] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver on financial plans and credit targets, emphasizing a conservative approach to financial planning [8][34] - The company is actively working through regulatory approval processes for new projects, including the Chesterfield Energy Reliability Center [28] Other Important Information - The company reported a positive trend in employee safety, with an OSHA injury recordable rate of 0.28 for the first half of the year [10] - The company has maintained a regular cadence of Board refreshment, with new independent director Jeff Lyash joining the Board [33] Q&A Session Summary Question: Confirmation on the offshore wind project timeline and turbine installation - Management confirmed high confidence in the schedule, expecting the installation vessel in August and turbine installation to proceed without time restrictions [40][41] Question: Financial execution and guidance for fiscal 2025 - Management indicated a strong start to the year, biased towards the top half of the guidance range, with a focus on consistent execution [45][46] Question: Delay in PJM cost update for network upgrades - Management noted that PJM has a lot going on, and they do not expect significant changes in costs [53] Question: Impact of the OBB on Dominion - Management expressed satisfaction with the outcome of OB3, indicating that most tax credits would be preserved [61][62]

[Glossary of Terms](index=3&type=section&id=Glossary%20of%20Terms) This section defines abbreviations and acronyms used in the Form 10-Q, including CVOW, PJM, and VCEA - This section provides definitions for abbreviations and acronyms used throughout the Form 10-Q, such as CVOW (Coastal Virginia Offshore Wind), PJM (PJM Interconnection, LLC), and VCEA (Virginia Clean Economy Act)[9](index=9&type=chunk)[10](index=10&type=chunk)[11](index=11&type=chunk) [PART I. Financial Information](index=7&type=section&id=PART%20I.%20Financial%20Information) [Financial Statements](index=7&type=section&id=Item%201.%20Financial%20Statements) This section presents unaudited consolidated financial statements for Dominion Energy and Virginia Power, including a revision for income tax misstatements on nuclear decommissioning trusts [Dominion Energy, Inc. Financial Statements](index=7&type=section&id=Dominion%20Energy%2C%20Inc.%20Financial%20Statements) Dominion Energy reported operating revenue of **$7.89 billion** and net income of **$1.43 billion** for H1 2025, with diluted EPS of **$1.65** Dominion Energy, Inc. Consolidated Statements of Income (Six Months Ended June 30) | (in millions, except per share amounts) | 2025 | 2024 | | :--- | :--- | :--- | | **Operating Revenue** | **$7,886** | **$7,118** | | Income from operations | $2,319 | $1,638 | | **Net Income Attributable to Dominion Energy** | **$1,425** | **$966** | | **EPS - Diluted** | **$1.65** | **$1.10** | Dominion Energy, Inc. Consolidated Balance Sheet Highlights (As of June 30, 2025) | (in millions) | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Total current assets | $6,956 | $6,613 | | Total property, plant and equipment, net | $73,284 | $68,862 | | **Total assets** | **$107,441** | **$102,415** | | Total current liabilities | $10,447 | $9,289 | | Total long-term debt | $40,294 | $37,525 | | **Total liabilities** | **$76,569** | **$72,613** | | **Total equity** | **$30,872** | **$29,802** | Dominion Energy, Inc. Consolidated Cash Flows (Six Months Ended June 30) | (in millions) | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $2,429 | $2,838 | | Net cash provided by (used in) investing activities | $(6,385) | $1,328 | | Net cash provided by (used in) financing activities | $4,004 | $(4,260) | | **Increase (decrease) in cash** | **$48** | **$(94)** | [Virginia Electric and Power Company Financial Statements](index=14&type=section&id=Virginia%20Electric%20and%20Power%20Company%20Financial%20Statements) Virginia Power's operating revenue increased to **$5.48 billion** and net income to **$1.02 billion** for H1 2025 Virginia Power Consolidated Statements of Income (Six Months Ended June 30) | (in millions) | 2025 | 2024 | | :--- | :--- | :--- | | **Operating Revenue** | **$5,477** | **$5,026** | | Income from operations | $1,713 | $1,482 | | **Net Income Attributable to Virginia Power** | **$1,020** | **$938** | Virginia Power Consolidated Balance Sheet Highlights (As of June 30, 2025) | (in millions) | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Total assets** | **$73,096** | **$68,387** | | **Total liabilities** | **$44,174** | **$43,291** | | **Total equity** | **$28,922** | **$25,096** | [Combined Notes to Consolidated Financial Statements](index=20&type=section&id=Combined%20Notes%20to%20Consolidated%20Financial%20Statements) Notes detail accounting policies, dispositions including East Ohio and Questar Gas, a **$10.9 billion** CVOW project cost increase, and Virginia Power's proposed rate hike - The company identified and corrected misstatements in previously issued financial statements related to income taxes associated with investments in qualified nuclear decommissioning trusts. The impact was determined not to be material to any prior period[61](index=61&type=chunk)[62](index=62&type=chunk) - Dominion Energy completed several major dispositions as part of its business review: - **Sale of East Ohio**: Closed in March 2024 for approximately **$6.6 billion**, including assumed debt - **Sale of Questar Gas and Wexpro**: Closed in May 2024 for approximately **$4.3 billion**, including assumed debt - **Sale of PSNC**: Closed in September 2024[73](index=73&type=chunk)[77](index=77&type=chunk)[79](index=79&type=chunk) - The estimated total project cost for the CVOW Commercial Project is now approximately **$10.9 billion**, excluding financing costs. This reflects an estimated impact from tariffs effective in March-July 2025. Due to cost-sharing mechanisms, Virginia Power recorded impairment charges of **$96 million** for the six months ended June 30, 2025, for costs not expected to be recovered from customers[153](index=153&type=chunk)[155](index=155&type=chunk) - In March 2025, Virginia Power filed its 2025 Biennial Review, proposing a base rate increase of **$822 million** effective January 2026, with an additional **$345 million** increase effective January 2027. The proposal reflects an ROE of **10.40%**[170](index=170&type=chunk) - In April 2025, Dominion Energy amended its joint revolving credit facility, increasing the limit from **$6.0 billion** to **$7.0 billion** and extending the maturity to April 2030[205](index=205&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=60&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Dominion Energy's **35%** Q2 and **48%** H1 2025 net income growth, segment performance, liquidity, and future issues like the CVOW project and regulatory impacts [Results of Operations—Dominion Energy](index=62&type=section&id=Results%20of%20Operations%E2%80%94Dominion%20Energy) Dominion Energy's net income increased **35%** in Q2 and **48%** in H1 2025, driven by investment earnings and rider returns, despite asset sales Dominion Energy Consolidated Results Summary | (in millions, except EPS) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net income attributable to Dominion Energy** | **$760** | **$563** | **$1,425** | **$966** | | **Diluted EPS** | **$0.88** | **$0.64** | **$1.65** | **$1.10** | - Key drivers for the YTD 2025 net income increase include the absence of prior-year negative market impacts on pension plans, higher rider returns from capital investments, increased gains on economic hedging, and new renewable energy tax credits[308](index=308&type=chunk) [Results of Operations—Virginia Power](index=64&type=section&id=Results%20of%20Operations%E2%80%94Virginia%20Power) Virginia Power's net income increased **12%** in Q2 and **9%** in H1 2025, driven by higher rider equity returns despite the CVOW project sale Virginia Power Net Income Summary | (in millions) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net income attributable to Virginia Power** | **$535** | **$477** | **$1,020** | **$938** | [Segment Results of Operations](index=66&type=section&id=Segment%20Results%20of%20Operations) Dominion Energy Virginia's net income grew to **$1.11 billion**, while Dominion Energy South Carolina increased to **$261 million**, and Contracted Energy decreased to **$156 million** Net Income Contribution by Segment (Year-To-Date) | (in millions) | 2025 | 2024 | | :--- | :--- | :--- | | Dominion Energy Virginia | $1,110 | $909 | | Dominion Energy South Carolina | $261 | $149 | | Contracted Energy | $156 | $222 | | Corporate and Other | $(102) | $(314) | | **Consolidated** | **$1,425** | **$966** | [Liquidity and Capital Resources](index=69&type=section&id=Liquidity%20and%20Capital%20Resources) Operating cash flow decreased to **$2.4 billion**, investing activities used **$6.4 billion**, and financing provided **$4.0 billion**, with the credit facility increasing to **$7.0 billion** Summary of Cash Flows (Six Months Ended June 30) | (in millions) | 2025 | 2024 | | :--- | :--- | :--- | | Cash flows provided by operating activities | $2,429 | $2,838 | | Cash flows provided by (used in) investing activities | $(6,385) | $1,328 | | Cash flows provided by (used in) financing activities | $4,004 | $(4,260) | | **Net increase (decrease) in cash** | **$48** | **$(94)** | - During H1 2025, Dominion Energy and its subsidiaries issued a total of **$4.2 billion** in long-term debt[370](index=370&type=chunk) [Future Issues and Other Matters](index=73&type=section&id=Future%20Issues%20and%20Other%20Matters) Future issues include the **$10.9 billion** CVOW project, potential impacts from OBBBA legislation on IRA tax credits, and new EPA rules affecting power plant emissions - The CVOW Commercial Project's estimated total cost is approximately **$10.9 billion**. Major offshore construction began in May 2024, with **134 of 176** monopiles installed as of July 2025. Turbine installation is expected to begin in H2 2025[393](index=393&type=chunk)[396](index=396&type=chunk) - The OBBBA legislation modifies IRA tax credits, including terminating production and investment tax credits for wind and solar facilities placed in service after 2027, which could materially impact the company[397](index=397&type=chunk) - The SCESA, enacted in May 2025, establishes a rate stabilization mechanism allowing utilities like DESC to adjust base rates annually based on earned ROE, requiring a general rate case every five years[402](index=402&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=75&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risks from commodity prices, interest rates, and foreign currency, with sensitivity analyses showing potential **$41 million** and **$18 million** impacts - The company's primary market risks are commodity price, interest rate, foreign currency exchange rate, and equity securities price risk[406](index=406&type=chunk) - A hypothetical **10%** decrease in commodity prices would decrease the fair value of Dominion Energy's commodity derivatives by **$41 million** as of June 30, 2025[410](index=410&type=chunk) - A hypothetical **10%** increase in market interest rates would decrease Dominion Energy's earnings by **$18 million** due to its variable rate debt[413](index=413&type=chunk) - Foreign currency exchange risk is related to CVOW Commercial Project contracts denominated in approximately **€2.6 billion** and **5.1 billion Danish Krone**[406](index=406&type=chunk) [Controls and Procedures](index=76&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures are effective, with no material changes to internal controls over financial reporting during the quarter - The CEO and CFO of both Dominion Energy and Virginia Power concluded that the companies' disclosure controls and procedures are effective as of the end of the reporting period[422](index=422&type=chunk) - No changes occurred during the last fiscal quarter that materially affected, or are reasonably likely to materially affect, the companies' internal control over financial reporting[423](index=423&type=chunk) [PART II. Other Information](index=77&type=section&id=PART%20II.%20Other%20Information) [Legal Proceedings](index=77&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal and regulatory proceedings, with a **$1 million** disclosure threshold for governmental monetary sanctions - The company uses a disclosure threshold of **$1 million** for environmental proceedings where a governmental authority is a party and potential monetary sanctions are involved[425](index=425&type=chunk) [Risk Factors](index=77&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's previously disclosed risk factors were reported during the quarter - No material changes to the company's risk factors were reported during the quarter[426](index=426&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=77&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Dominion Energy purchased **40,590** shares at **$56.33** for tax obligations, with **$0.92 billion** remaining under its stock repurchase authorization Dominion Energy Purchases of Equity Securities (Q2 2025) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | 4/1/25 - 4/30/25 | 31,733 | $56.26 | | 5/1/25 - 5/31/25 | 458 | $54.88 | | 6/1/25 - 6/30/25 | 8,399 | $56.67 | | **Total** | **40,590** | **$56.33** | - The company has approximately **$0.92 billion** remaining under its stock repurchase authorization as of June 30, 2025[427](index=427&type=chunk)[429](index=429&type=chunk) [Other Information](index=77&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 trading arrangements during the second quarter of 2025 - No directors or officers adopted or terminated a Rule 10b5-1 trading arrangement during the last fiscal quarter[430](index=430&type=chunk) [Exhibits](index=78&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance, debt instruments, and CEO/CFO certifications

Financial Performance and Guidance - Q2 2025 operating earnings per share was $075, which includes $002 from RNG 45Z income and $001 from favorable weather impact[8] - The company reaffirmed its 2025 guidance midpoint of $340 per share, including approximately $010 per share from RNG 45Z income[8] - The long-term operating EPS growth rate is projected at 5%-7% off 2025 operating EPS, excluding RNG 45Z income ($330)[8] - The 2025 dividend is expected to be $267 per share[8] Capital Activities - Dominion Energy Virginia is expected to issue $20-$25 billion in fixed income, with $13 billion already issued YTD[10] - Dominion Energy South Carolina has issued $05 billion in fixed income YTD, completing its guidance[10] - The company plans to issue $10 billion in 2025 and $06 billion in 2026 through At-The-Market (ATM) common equity offerings, with both amounts already issued YTD[11] Coastal Virginia Offshore Wind (CVOW) Project - The CVOW project is approximately 60% complete and remains on schedule for full completion by the end of 2026[16, 18] - The project is expected to deliver nearly 3 GW to Virginia's grid[16] - The total project costs, including financing, are estimated at $715 million[25] - The current capital budget for CVOW is $109 billion, which includes $193 million of estimated tariffs[30]

Financial Performance - Dominion Energy reported quarterly earnings of $0.75 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, and up from $0.55 per share a year ago, representing an earnings surprise of +8.70% [1] - The company posted revenues of $3.81 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.54%, compared to $3.49 billion in the same quarter last year [2] - Over the last four quarters, Dominion Energy has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance - Dominion Energy shares have increased approximately 8.5% since the beginning of the year, outperforming the S&P 500's gain of 7.8% [3] - The current Zacks Rank for Dominion Energy is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.14 on revenues of $4.08 billion, and for the current fiscal year, it is $3.39 on revenues of $15.24 billion [7] - The outlook for the Utility - Electric Power industry is positive, currently ranking in the top 33% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]