Renewable Energy Policy Impact - The "One Big Beautiful Bill" is projected to eliminate tax credits for wind and solar power [1] Energy Competition - The bill may create competition between humans and AI for limited electricity resources [1]

US chipmakers could see bigger tax credits if Trump's spending bill passes | TechCrunch https://t.co/SDiOKItu8T ...

Renewable Energy Policy Impact - The "One Big Beautiful Bill" is projected to eliminate tax credits for wind and solar power [1] Technology & Resource Competition - The bill may create competition between humans and AI for limited electricity resources [1]

Recently there was a big move in in in um the shares of solar companies because it seems like you know things are still in flux but it looks like the direction of things Mike tell me if this is where you think they're headed is towards taking out a lot of the tax credits that have gone to you know solar and wind and other kind of renewable energies. So there is I think a big interest in the impact on and part of the breakup of of well I I don't know what their relationship status now is it's complicated of ...

Welcome back. Clean energy stocks in focus after some changes, big changes in the Republican reconciliation bill relating to that sector. Pippa Stevens here with the details.What are we watching, Pippa. Hey, Sarah. So, there are two big changes that have major implications for clean energy.The first is to claim the tax credits. Projects need to be placed in service by the end of 2027. A significant change from the prior language that projects had to begin construction by 2027 to claim those lucrative incent ...

Elon Musk did slam the Senate's latest version of that multitrillion dollar tax bill. Quoting on exit polls show that this bill is political suicide for the Republican Party. He is warning that the cuts to EVs and other clean energy credits would be incredibly destructive to the country.Joining us now is Bloomberg's Jamie Nimmo. Jamie, just how big of a surprise was it to get some of these tax credits rolled out more quickly or rolled back more quickly. I mean, we heard there from the disagreement from Musk ...

Clean Energy Tax Credits - Senate Republicans are divided over tax credits for clean energy sources [2] - Nuclear, geothermal, and hydropower projects would qualify for credits until 2033, unchanged from current law [2][3] - Solar and wind energy credits are being phased out, ending by 2028, similar to the House bill [3] - Hydrogen projects need to be under construction by the end of this year to qualify for credits [4] Hydrogen Industry Impact - Hydrogen projects in development are estimated to add about $12 billion annually to the economy [4] - Companies are reconsidering hydrogen investments due to the quick phase out of tax credits [5] - The oil and gas lobby is pushing to extend the 45V credit for hydrogen until 2029 to maintain US competitiveness [5][6] Legislative Outlook - Some senators are seeking changes to the hydrogen tax credit [7] - Senators aim to allow more time for companies to get their projects online [7] - Details are expected to be settled by the start of next week [8] - The deficit implications of the Senate bill are a concern for some senators [8] - Some House fiscal hawks wanted to end green energy tax credits to achieve savings [9]

fix continues to be naive. Melissa. >> All right.Thank you, Pippa Stevens. Let's get more with Oppenheimer senior Research analyst Colin Rusch. Colin, great to have you with us.I first want to focus on the residential solar sector, which had already been under pressure because of consumer confidence, because of financing costs, so many other reasons. And now this. And I'm just wondering what what happens in this sector.It's been rerated obviously. Is it enough what happens to these stocks. >> Honestly this ...

insurance plan, visit pumpkin Dot care. >> Let's give you more on the Solar Sox. Of course, we discussed the fact that they are down sharply this morning that in reaction to the Senate version of President Trump's big, beautiful bill and the spending cuts that go along with it, let's get over to Pippa Stevens, who has more for us.Pippa. >> Hey, David. Well, clean energy stocks are getting crushed as the Senate's version of the tax bill would also eliminate or scale back many of the key credits that have bee ...

Financial Data and Key Metrics Changes - The company reported first quarter earnings of $0.83 per share, an increase from $0.62 per share in the same quarter of the previous year, reflecting strong performance despite adverse temperature impacts on sales [19][20] - The earnings for the first quarter represented more than 25% of the company's earnings guidance midpoint for 2025, reaffirming the guidance range of $3.15 to $3.25 per share [6][21] - The capital expenditure plan for 2025 through 2028 has been updated to reflect a nearly 26% increase from 18 months ago, translating into a forecasted investment CAGR of nearly 11% [11][24] Business Line Data and Key Metrics Changes - The company has secured energy supply agreements (ESAs) totaling 2.1 gigawatts of demand from three major data center developments, representing a greater than 30% increase in peak demand [10][12] - Retail electric sales margins improved compared to the first quarter of the previous year, driven by customer growth and increased usage per meter across all customer classes [20] Market Data and Key Metrics Changes - The company is actively participating in the MISO capacity auction, selling excess capacity to benefit customer bills, positioning itself favorably compared to competitors [80] - The company is experiencing strong interest in economic development opportunities in its service areas, particularly in Iowa and Wisconsin [11][15] Company Strategy and Development Direction - The company is focused on supporting economic development and growth in its states, with a commitment to customer needs and sustainable investor returns [6][8] - The capital plan includes investments in new natural gas resources to complement renewable energy sources, ensuring a balanced energy resource mix [12][17] - The company is taking a proactive approach to manage risks related to potential changes in tax legislation, emphasizing the importance of tax credits for economic growth [16][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2025 earnings objectives while advancing key strategic priorities, despite challenges in the macroeconomic environment [6][11] - The company is committed to maintaining a strong balance sheet and investment-grade credit ratings while navigating potential legislative changes [24][25] Other Important Information - The updated financing plan anticipates raising approximately $1.4 billion in new common equity through 2028, with flexibility in timing based on market conditions [74][76] - The company has completed nearly all planned safe harbor activities to preserve tax credits for future projects, significantly mitigating tariff exposure [22][25] Q&A Session Summary Question: Timeline for converting mature opportunities to contracts - Management indicated a high level of confidence in converting mature opportunities into contracts, with ongoing discussions and negotiations [35][36] Question: Impact of tax policy changes on rate case provisions - Management clarified that while there is a provision to revisit rate cases if significant legislative changes occur, the focus is on avoiding the need to do so through proactive growth strategies [40][42] Question: Long-term EPS CAGR outlook - Management reaffirmed a long-term EPS CAGR of 5% to 7%, with current plans indicating potential for growth towards the upper end of that range starting in 2027 [48][50] Question: Details on the CapEx increase - The increase in the capital expenditure plan was primarily driven by investments in natural gas generation to meet growing demand from data centers [76][77] Question: MISO capacity auction impact on consumer bills - Management noted that the company is well-positioned to leverage auction results to benefit customer bills, contrasting with competitors who may face challenges [80] Question: Regulatory filings for additional generation resources - Management provided insights into upcoming regulatory filings for new generation resources, emphasizing flexibility in their resource planning [67][69]