退休，这个原本出现在暮年的词语，正逐渐成为Z世代与中年群体的一种生活选择。我们不禁要问：这群主动切断职场锚链的人，究竟在追寻什么？又在 承受什么？ （图/《胜券在握》） 一场人生旷野实验，人人皆可尝试 最近几年，从美国兴起的FIRE（financial independence retire early，意思是经济独立和提前退休运动）席卷全球。这个运动的一个核心法则是：降低物 欲、过极简的生活，来迅速攒够一年生活费的25倍。国内的年轻人们纷纷在社交媒体上讨论提前退休的可能性。在豆瓣上，各式各样的FIRE小组汇聚了 超过40万小组成员。 在B站上，许多关于提前退休的视频浏览量超百万。似乎现在年轻人对于"财务自由"和"提前退休"的期待感增强了，无论是"去东南亚养老"还是"入住青年 养老院"，都可以看出年轻人希望尽可能早地离开职场打工人的角色，提前休息。 2024年12月31日，人力资源社会保障部等三部门发布《实施弹性退休制度暂行办法》，就弹性退休的办理程序、基本养老金领取等方面作出明确规定。职 工达到国家规定的按月领取基本养老金最低缴费年限，可以自愿选择弹性提前退休，提前时间距法定退休年龄最长不超过3年，且退休年 ...

HESPERIA, Calif., May 7, 2025 /PRNewswire/ -- Pacific Gas and Electric Company recently joined elite fire professionals, top state and federal officials, and senior leaders representing philanthropy, insurance providers, and other electric utilities for the first-ever autonomous wildfire suppression demonstration in California. A Sikorsky Black Hawk® helicopter equipped with autonomy systems from Lockheed Martin and Rain tracking and engaging multiple fires across a site, pulling water from dip tanks and ex ...

Financial Data and Key Metrics Changes - Consolidated earnings for Q1 2025 were $0.98 per diluted share, an increase from $0.91 in Q1 2024, reflecting an almost 8% improvement in consolidated results [5][6][16] - The company confirmed its earnings guidance for 2025 with a consolidated range of $2.52 to $2.72 per diluted share [21][22] Business Line Data and Key Metrics Changes - Avista Utilities showed strong performance, contributing to the overall improvement in earnings [6][16] - Capital expenditures at Avista Utilities were $100 million in Q1 2025, with expectations of $525 million for the full year and nearly $3 billion from 2025 to 2029, indicating a growth rate of 56% [20][21] Market Data and Key Metrics Changes - The company is actively engaging with potential new large load customers, which could enhance regional grid infrastructure and provide economic benefits [7][8] - The RFP process for generation needs identified for 2029 is underway, with bids expected to range from 50 megawatts to 400 megawatts [8][9] Company Strategy and Development Direction - The company is focused on infrastructure improvements and safety measures to mitigate wildfire risks, with recent legislation supporting wildfire mitigation plans [10][11][12] - The company is pursuing a multi-pronged approach to address tariff risks and is working with suppliers to mitigate potential impacts [13][14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about meeting consolidated earnings targets for 2025 and highlighted the importance of regulatory outcomes in supporting financial performance [6][16] - The company anticipates a return on investments in the long term, despite current volatility in the market [17][23] Other Important Information - A settlement related to the Babb Road Fire litigation is expected to have no impact on earnings due to anticipated insurance proceeds [12] - The company is committed to maintaining high safety and reliability standards in its operations [12] Q&A Session Summary Question: Impact of IRA changes on RFP process - Management acknowledged uncertainty and indicated that opportunities for refreshing bids may be considered during the RFP process [25][26] Question: Natural gas sourcing for large load customers - Management stated that the sourcing of natural gas will depend on the outcomes of the RFP and ongoing discussions with large load customers [27][28] Question: Wildfire settlement implications - Management clarified that the settlement does not set a precedent for future events, as each situation will be evaluated on its own merits [32] Question: Valuation impact from biotech trials - Management indicated that while there could be future impacts from ongoing trials, it is too early to assess their effect on valuation [33][35] Question: Forward gas and power markets impact on recovery - Management explained that there are no expected material changes in 2025 or 2026 regarding power cost recovery due to the current regulatory framework [41][42] Question: Managing affordability with growth - Management highlighted the integrated resource planning process as a tool to balance cost and compliance while engaging with large load customers [45]

Financial Data and Key Metrics Changes - The consolidated earnings for the first quarter of 2025 were $0.98 per diluted share, an increase from $0.91 in the first quarter of 2024, reflecting an almost 8% improvement in consolidated results [5][6][16] - The company confirmed its earnings guidance for 2025 with a consolidated range of $2.52 to $2.72 per diluted share [21] Business Line Data and Key Metrics Changes - Avista Utilities showed strong performance, contributing to the overall improvement in earnings [6][16] - Capital expenditures at Avista Utilities were $100 million in the first quarter of 2025, with an expected total of $525 million for the year [19][20] Market Data and Key Metrics Changes - The company is actively engaging with potential new large load customers, which could enhance regional grid infrastructure and provide economic benefits [7][8] - The company is monitoring the impact of proposed tariffs by the new administration, which have not materially affected financial results to date [13][15] Company Strategy and Development Direction - The company is focused on infrastructure improvements and safety measures to mitigate wildfire risks, with recent legislation supporting wildfire mitigation plans [9][10][12] - The company plans to release a final RFP for generation bids in May, with bids due in June, indicating a proactive approach to meet future energy needs [8][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about meeting consolidated earnings targets for 2025 and highlighted the importance of ongoing discussions with large load customers [6][7] - The company anticipates a long-term earnings growth rate of 4% to 6% from a forecast 2025 base year [23] Other Important Information - The company reached a settlement related to the Babb Road Fire, which will not impact earnings due to expected insurance proceeds [12] - The company expects to issue up to $120 million of long-term debt and $80 million of common stock in 2025 [21] Q&A Session Summary Question: Regarding the RFP process and potential cost impacts from IRA changes or tariffs - Management acknowledged the uncertainty and indicated that they would consider refreshing bids if necessary during the RFP process [25][26] Question: On the natural gas needs related to large load customers - Management stated that the specifics would depend on the results of the RFP and ongoing discussions with large load customers [28][29] Question: Thoughts on the wildfire settlement and its precedent - Management clarified that the settlement does not set a precedent for future events, as each situation will be evaluated on its unique facts [32] Question: Impact of biotech trials on the valuation of the unregulated business - Management indicated that while there could be future impacts, it is too early to determine any valuation changes from the ongoing trials [33][34] Question: Changes in forward gas and power markets affecting future power expense recovery - Management explained that there are no expected material differences in 2025 or 2026 until the recovery mechanism is reset [41][42] Question: Managing affordability issues with growth and self-build generation - Management emphasized the integrated resource planning process to balance cost and compliance while engaging with large load customers to help with affordability [45]

Financial Performance - Avista Corp. reported a total net income of $79 million for Q1 2025, an increase from $71 million in Q1 2024, representing a growth of approximately 11.3% [1] - Earnings per diluted share rose to $0.98 in Q1 2025 from $0.91 in Q1 2024, marking an increase of about 7.7% [1] - The electric utility margin increased by $28 million, contributing $0.36 to earnings per share, while the natural gas utility margin added $7 million, contributing $0.09 [2] Segment Performance - Avista Utilities generated a net income of $78 million in Q1 2025, up from $67 million in Q1 2024 [1] - AEL&P maintained a consistent net income of $4 million for both Q1 2025 and Q1 2024 [1] - Other non-reportable segments incurred a loss of $3 million in Q1 2025, compared to no loss in Q1 2024 [1] Legislative and Regulatory Developments - Significant progress was made in wildfire risk mitigation with new bills passed in Washington and Idaho, allowing for the approval of wildfire mitigation plans and the securitization of related costs [1] - The settlement of the Oregon general rate case is viewed as positive, with upcoming discussions for Idaho general rate cases expected to occur later in May 2025 [1] Capital Expenditures - Avista Utilities reported capital expenditures of $100 million in Q1 2025, with expectations of total capital expenditures of approximately $525 million for the year [4][5] - AEL&P's capital expenditures were $3 million in Q1 2025, with an expected total of $15 million for the year [4][5] Liquidity and Financing - As of March 31, 2025, Avista Corp. had $221 million in available liquidity under its committed line of credit and $40 million under its letter of credit facility [3] - The company plans to issue $120 million in long-term debt and up to $80 million in common stock in 2025, including $16 million already issued in Q1 [3] Earnings Guidance - Avista Corp. confirmed its 2025 consolidated earnings guidance, projecting earnings per diluted share in the range of $2.52 to $2.72 [8] - Avista Utilities is expected to contribute between $2.43 and $2.61 per diluted share, while AEL&P is projected to contribute between $0.09 and $0.11 [10]

Financial Data and Key Metrics Changes - The company reported GAAP diluted EPS of $1.25 and non-GAAP diluted EPS of $1.22 for Q1 2025, compared to $1.06 in Q1 2024, reflecting a significant increase in earnings driven by rate recovery and colder weather [6][9][10] - The company affirmed its long-term rate base and earnings per share growth rate targets of 4% to 6% [6][19] Business Line Data and Key Metrics Changes - The Electric and Gas segments contributed strongly to the earnings, with margin improvements driven by new rates and favorable weather conditions [9][10] - New rates contributed $0.20 to margin improvement, while favorable loads added $0.13, resulting in a total margin increase [10][11] Market Data and Key Metrics Changes - The Montana rate review is nearing completion, with a full natural gas settlement and a partial electric settlement reached [7][14] - The average bill impact from the gas case is approximately 9%, maintaining rates below the national average [18] Company Strategy and Development Direction - The company is focusing on opportunities with data centers and new large load opportunities, potentially achieving greater than 6% EPS growth [8] - The company is committed to maintaining a 5% dividend yield and a total growth profile of 9% to 11% over the next five years [8][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering on earnings and rate-based growth commitments over the long term, despite not providing specific 2025 earnings guidance until the conclusion of the Montana rate review [19][20] - The company expects a lower contribution to overall earnings in Q2 2025 due to the timing of rate implementations [20] Other Important Information - The Montana legislature has passed wildfire and other constructive bills, which are pending the governor's approval, providing significant legal protections for the company [22][24] - The company has successfully priced $500 million of long-term debt to address its financing needs for 2025 [13][14] Q&A Session Summary Question: On the tariff proceeding and data centers - The company is in discussions with multiple parties regarding data centers and expects to finalize contracts with two parties, Atlas and Sabey, by the end of Q2 2025 [40][43][44] Question: EPS guidance for 2025 - Management expects to stay within the 4% to 6% EPS range long-term but acknowledges variability in achieving this target [50] Question: Changes in electric average customer counts - The change in customer counts was due to a new system for counting street lighting districts, with overall customer growth remaining around 1.5% [54][55] Question: Long-term capacity planning - The company is considering natural gas or nuclear as potential replacements for Colstrip, depending on regulatory timelines [64][66] Question: SB301 and approval processes - The 90-day cost prudency review is deemed appropriate, with no overlapping of approval processes expected [68]

Financial Data and Key Metrics Changes - The company reported GAAP diluted EPS of $1.25 and non-GAAP diluted EPS of $1.22 for Q1 2025, compared to $1.06 in Q1 2024, reflecting a solid earnings improvement driven by rate recovery and colder weather [6][9][10] - The company affirmed its long-term rate base and earnings per share growth rate targets of 4% to 6% [6][20] - A dividend of $0.66 per share was declared, payable on June 30, 2025, to shareholders of record as of June 13, 2025 [6] Business Line Data and Key Metrics Changes - The Electric and Gas segments contributed strong margins, with new rates driving a $0.20 margin improvement across all jurisdictions [10][12] - Favorable loads contributed an additional $0.13 to margins due to colder weather, customer growth, and increased usage [10] - Transition revenues added approximately $0.05 to the quarter's earnings [10] Market Data and Key Metrics Changes - The Montana rate review is nearing completion, with a full natural gas settlement and a partial electric settlement reached [7][19] - The average bill impact from the gas case is approximately 9%, maintaining rates below the national average [19] Company Strategy and Development Direction - The company aims to achieve greater than 6% EPS growth through opportunities with data centers and new large load customers, alongside FERC regional transmission and incremental generating capacity [8][20] - Legislative successes include a wildfire bill providing legal protections and a transmission bill facilitating the approval process for large transmission projects [23][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering on earnings and rate-based growth commitments over the long term, despite not providing specific 2025 earnings guidance until the conclusion of the Montana rate review [20][72] - The company anticipates a lower contribution to overall earnings in Q2 2025, estimating it to be approximately 10% of the full year due to the timing of rate implementations [21] Other Important Information - The company successfully priced $500 million of long-term debt in March 2025, addressing its financing needs for the year [14][15] - The company is focused on maintaining reliability and affordability for customers while supporting long-term growth [20][22] Q&A Session Summary Question: How long do you think the tariff proceeding could go for? - Management indicated that there are five levels of process for data centers, with various parties at different stages, and they expect to finalize contracts with two parties by the end of Q2 or early July [40][43] Question: Do you still see yourself within the 4% to 6% EPS range for 2025? - Management acknowledged the question regarding 2025 guidance, indicating they expect to stay within the 4% to 6% range long-term, but noted that it may not be entirely linear [50] Question: Did you change the electric average customer counts? - Management confirmed that the change was due to the way street lighting districts were counted, but overall customer growth remained around 1.5% [54] Question: Is there adequate space at Colstrip for replacement capacity? - Management stated that there is adequate land for potential gas or nuclear plants near Colstrip, with ongoing discussions about nuclear options [61][63]

Edison International (EIX) Q1 2025 Earnings Call April 29, 2025 09:22 PM ET Speaker0 Good afternoon, and welcome to the Edison International First Quarter twenty twenty five Financial Teleconference. My name is Michelle, and I will be your operator today. Today's call is being recorded. I would now like to turn the call over to Mr. Sam Ramraj, Vice President of Investor Relations. Mr. Ramraj, you may begin your conference. Speaker1 Thank you, Michelle, and welcome, everyone. Our speakers today are President ...

Edison International (EIX) Q1 2025 Earnings Call April 29, 2025 04:30 PM ET Company Participants Sam Ramraj - Vice President of Investor RelationsPedro Pizarro - President, CEOMaria Rigatti - Executive VP & CFONicholas Campanella - DirectorMichael Lonegan - Director - Equity ResearchSteven Powell - President, CEO, Southern California EdisonCarly Davenport - Vice President, Equity ResearchConstantine Lednev - Vice President - Equity ResearchPaul Zimbardo - Managing DirectorRichard Sunderland - Equity Researc ...

Portland General Electric Company (NYSE:POR) Q1 2025 Earnings Conference Call April 25, 2025 11:00 AM ET Company Participants Nick White - Manager, Investor Relations Maria Pope - President and Chief Executive Officer Joe Trpik - Senior Vice President, Finance and Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Jefferies Michael Lonegan - Evercore ISI Richard Sunderland - JPMorgan Nathan Richardson - Barclays Anthony Crowdell - Mizuho Gregg Orrill - UBS Operator Good morning, ev ...