Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 2025 was $830 million, up from $698 million in the previous year, driven by growth from new renewables projects and rate-based investments in U.S. Utilities [19] - Adjusted EPS increased to $0.75 per share compared to $0.71 in the prior year, influenced by similar drivers as adjusted EBITDA [22] - The company has realized the majority of the $150 million in cost savings for the year and is on track to achieve a $300 million annual run rate in 2026 [20][26] Business Line Data and Key Metrics Changes - Renewables EBITDA saw a 46% increase year to date, primarily due to the organic growth of new projects and the maturation of U.S. Renewables businesses [6][30] - The U.S. Utilities segment is focused on maintaining affordability while addressing increased demand, with a rate increase request that is less than the cumulative impact of inflation since the last adjustment [14][17] - The Energy Infrastructure segment's higher EBITDA reflects the acquisition of the remaining ownership in the Cochrane coal plant and the commencement of operations at the Gatun gas plant [24] Market Data and Key Metrics Changes - The company signed 2.2 gigawatts of new Power Purchase Agreements (PPAs) year to date and expects to sign an additional 1.8 gigawatts by year-end [5] - The U.S. backlog is 7.5 gigawatts, with an additional 4 gigawatts in the pipeline, all of which are safe harbored [11] - The company is experiencing strong demand across the sector, particularly from data centers, with a focus on time to power [10] Company Strategy and Development Direction - The company is committed to executing its plan and is well-positioned for growth into 2026, reaffirming its full-year 2025 guidance and long-term growth rates [4][30] - The strategy includes a focus on larger, more profitable projects, with an average project size increase of over 50% in the past five years [7][53] - The company is leveraging its safe harbor pipeline and robust domestic supply chain to meet growing energy demand [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strategic and financial objectives, highlighting a clear line of sight to EBITDA growth through ongoing construction projects [30] - The company anticipates a strong step-up in growth rates over the next two years, with a long-term growth rate of 5% to 7% through 2027 [26][27] - Management noted that the energy infrastructure segment's drag from asset sales and coal retirements is expected to lessen, allowing for more robust overall growth [39] Other Important Information - The company has a capital allocation plan that includes returning over $500 million in dividends to shareholders while investing approximately $1.8 billion toward new growth [28] - The company has repaid approximately $400 million of subsidiary debt, maintaining a strong balance sheet consistent with its investment-grade credit ratings [29] Q&A Session Summary Question: Long-term growth outlook and asset sales impact - Management reaffirmed the 5% to 7% growth guidance through 2027, with the $400 million in EBITDA expected from projects coming online in 2027 and beyond [36][38] Question: Parent funding and balance sheet capacity - The focus is on strengthening the balance sheet and maintaining investment-grade ratings, with no plans to issue equity in the near term [42][44] Question: Demand acceleration and data center interest - Strong interest from data centers is noted, with a focus on larger, more profitable projects rather than just the number of gigawatts [51][53] Question: Energy storage demand and opportunities - Energy storage is critical for meeting growing demand, with strong demand expected for both behind-the-meter and grid services [56][57] Question: Utility opportunities and IRP update - Advanced negotiations are ongoing, with expectations to announce deals soon, focusing on building transmission and generation capacity [65][66] Question: Powered land opportunity details - The powered land solution involves co-locating data centers with existing power projects, providing a site for development along with an associated PPA [68][100]

As the shutdown drags on, the pressure is on more and more Americans set to become more severe. And both parties are framing the looming lapse in food assistance for millions of Americans known as SNAP and the looming spike in health care premiums as a way to force the other side to make concessions. Look, on November 1st, more than people in people in more than 30 states are going to be a gasast a gasast when they see their bills and they're going to cry out.And I believe there will be increased pressure o ...

If enhanced Affordable Care Act (ACA) tax credits are allowed to expire, Americans may face steep health insurance premium hikes. Early retirees are especially at risk. https://t.co/MkRsw7Kljl ...

Core Insights - The IRS has penalized American taxpayers over $162 million for falsely claiming tax credits, often influenced by misleading online advice [1] Group 1: Tax Misconceptions - Misleading tax advice from social media influencers and scammers has become common, making fact-checking essential to avoid legal issues [1] - A popular misconception is that receiving a raise leads to a higher overall tax burden, which is a misunderstanding of the U.S. progressive tax system [4][5] Group 2: Tax Strategies and Legalities - The "Overseas Zero Tax Strategy" suggests that moving to different countries can legally avoid income taxes, but U.S. citizens must report all income earned abroad [3][4] - Claims of writing off personal expenses as business deductions are often illegitimate; the IRS requires that deductions be "ordinary and reasonable" [6][7]

Production Incentives - California's film and TV tax credits doubled to $750 million per year [1] - The increased tax credits aim to bring film and TV production back to California [1]

Healthcare Policy & Subsidies - Democrats are prioritizing the restoration of healthcare subsidies, despite potential political ramifications [1][15] - Failure to extend subsidies could more than double premium payments for ACA plans on average, according to the Kaiser Family Foundation [2] - The lapse of subsidies affects a broad range of people, not just lower-income individuals, potentially leading to increased uncompensated care costs [6][7] - Enhanced premium subsidies led to a doubling of Affordable Care Act plan enrollment, from approximately 12 million to 24 million people [11] Enrollment & Market Impact - Open enrollment has already begun in some states, with individuals window shopping and potentially being deterred by higher premiums without subsidies [3][4] - If subsidies are not extended, people may not re-enroll even if Congress eventually continues the tax credits [5] - The Congressional Budget Office (CBO) estimates that the cost of uncompensated care will increase if subsidies go away, leading to higher insurance costs for those already insured [8] Political Implications - A significant portion (six in 10) of ACA recipients reside in congressional districts represented by Republicans, creating political irony [12] - Republicans may face blame if people lose their health insurance due to subsidy expiration, potentially impacting midterm elections [14]

Democrats want an extension of healthcare tax credits before they reopen the government. “They’re wrong in the assumption that this will determine the next election,” says @rodneylwhitlock. “That’s incredibly presumptive 13 months out.” Listen now https://t.co/cjkXCbbg3x ...

On “Checks and Balance”, the tax credits at the heart of the government shutdown:🎧Who may lose health coverage with @larry_levitt🎧Looking at the creation of Medicaid in 1965🎧Healthcare politics, and how the shutdown ends, with @rodneylwhitlock https://t.co/vyk6h6Hslr ...

Welcome back to Money Movers. The government shutdown now stretching into its ninth day after the Senate once again rejected dueling Republican and Democratic funding proposals. Much of the talks are centering around healthc care subsidies as co era enhanced affordable care act tax credits get set to expire Janu.Joining us now is NBC News medical analyst, managing director of health innovation at Manat, Dr. . Vin Gupta. It's great to have you Dr.. Gupta back. You know, one thing I wanted to talk to you abou ...

3:26 in the morning. Airport staffing issues continue to disrupt travel across the country. The FAA's website shows ground stops and delays possible today at several of the country's major airports.According to FlightAware, over 3,500 flights were delayed yesterday as air traffic controllers are being forced to work without pay during the government shutdown. The FAA reports major hubs in Atlanta, Boston, Chicago, Dallas, and Houston all have had problems with staffing. There also was a brief ground stop ye ...