2025-05-26 13:25Investment Rating - The report does not explicitly state an investment rating for the Power & Utilities industry Core Insights - The macro environment is a significant focus, particularly regarding the recent House reconciliation bill and its implications for tax credits and economic outlook [2] - Affordability, reliability, and financing are critical themes, with rising concerns about customer bills and regulatory pressures [3] - Policy uncertainty is prevalent, especially concerning clean technology and the implications of the House bill on project timelines and investment strategies [4] Summary by Sections Industry Overview - The Bank of America Power, Utilities, & Clean Tech Conference will host 43 companies, focusing on themes such as nuclear energy, data centers, and clean energy tax credits [1] Macro Environment - The recent House reconciliation bill is expected to influence strategies around tax credits and construction projects, with discussions on inflation and demand growth [2] Affordability and Reliability - There is increasing pressure on regulatory landscapes due to affordability concerns, necessitating higher capital expenditures for new generation and system upgrades [3] Clean Technology - Investor focus will be on how developers navigate the House bill, particularly regarding safe harbor strategies and utility-scale backlogs [4] Company-Specific Questions - Companies are expected to clarify their capex forecasts, regulatory approval statuses, and the impact of tax credits on their financial outlooks [10][11][12]