Yeah, I mean it's the 60th year of this conference. Morgan, thank you very much. First time that CNBC has been here because so much attention now is around electric and utility and this thing called AI, which apparently we've talked about a few times.We're pleased to be joined now by John Ketchum of Next Area Energy. First interview, by the way, since you guys announced that massive 25-year partnership with Google to restart the Dwayne Arnold nuclear facility in Iowa. So, John, great time to talk to you.Tha ...

Core Insights - NextEra Energy has announced a significant 25-year partnership with Google to restart the Dwayne Arnold nuclear facility in Iowa, which has been shut down for five years, indicating a strategic move towards enhancing energy production and collaboration in advanced nuclear technology [1][2][5]. Economic Impact - The partnership is projected to generate an economic impact of $9 billion and create approximately 2,000 jobs in Cedar Rapids, Iowa, highlighting the positive implications for local economies [2]. Earnings and Financials - The project is expected to be accretive to earnings, contributing an estimated 16 cents to adjusted earnings per share (EPS) for NextEra Energy, reflecting a positive financial outlook for the company [3][4]. Market Position and Strategy - NextEra Energy is recognized as the largest power producer in the United States and is actively investing over $100 billion in capital expenditures across various energy sectors, including gas-fired generation, nuclear restart, renewables, and energy storage [8][9]. Renewable Energy Growth - The company maintains a strong growth trajectory in its renewable energy sector, emphasizing the need for a diverse energy mix that includes renewables, gas, and nuclear technologies to meet increasing power demands [10][11]. Industry Collaboration - NextEra Energy is collaborating with Google on a national level regarding advanced nuclear technology, indicating a trend towards partnerships in the energy sector to leverage technological advancements [5].

If China’s renewables boom is to turn into a decarbonisation success, those renewables need make deep cuts in the amount of coal-fired power on the grid, rather than just to supplement it https://t.co/LN3e0sqqMZ ...

It is in developing countries that the fight against climate change will be won or lost, and it is there that Chinese renewables will make the most difference https://t.co/4pPJqJbVLs ...

Clean Energy Transition - Clean energy is about independence, security & growth, not just emissions reduction [1] - The shift to renewables is here to stay, regardless of the Paris Agreement [1] Event Announcement - Bloomberg New Economy Forum will be held in Singapore, Nov 19–21 [1]

Grid Stability and Reliability - Megapack grid-forming inverters are key to enabling global grid stability and reliability [1] - This technology allows Megapack to resist changes on the network by creating its own voltage signal, preventing blackouts [1] - Megapack enables more renewables to come online [1] Energy Load Management - Megapack will carry a lot of the world's load in energy, as it allows power plants to run continuously [1]

Energy Sector Overview - The continent has largely exhausted its fossil fuels [1] - Russian gas has been almost entirely banned in the continent [1] Renewable Energy Focus - Renewables require fixing the grids [1]

The continent has largely exhausted its fossil fuels and has almost entirely banned Russian gas. That leaves renewables, which require fixing the grids https://t.co/2OqKC11T4A ...

Producers of industrial gases consume as much power as the biggest oil and tech companies, with only a fraction of it coming from renewables https://t.co/556FIj4KFm ...

Capital Expenditure and Earnings - American Electric Power (AEP) has announced a $72 billion capital expenditure plan, which is a 33% increase from its previous five-year capex plan, driven in part by 765-kV transmission projects in Texas and the PJM Interconnection region [1] - Year-to-date operating earnings reached $2.6 billion, reflecting a 13% increase from the previous year, partly due to rate increases [3] - AEP expects an annual earnings per share growth rate of 7% to 9%, up from the previous estimate of 6% to 8%, with the stock price rising 6% to $122.11 per share [4] Load Growth and Demand Projections - AEP anticipates a peak load of 65 GW by 2030, which is a 76% increase from its current summer peak, driven by 28 GW in data center and other large load agreements [2][7] - In the last 12 months, AEP's utilities sold 6% more electricity compared to the previous year, with residential sales up 2.3% and commercial sales up 7.9% [6] - About half of the anticipated 28 GW demand growth is expected to come from the Electric Reliability Council of Texas market, with significant contributions from hyperscalers like Google, AWS, and Meta [8] Rate Hikes and Customer Impact - AEP expects its customers to face annual residential rate hikes of approximately 3.5% over the next five years [5] - The company is experiencing surging loads, with 2 GW of data centers coming online in the third quarter [6] Infrastructure and Competitive Advantage - AEP owns about 2,100 miles of 765-kV transmission lines across six states, representing 90% of all 765-kV infrastructure in the U.S., providing a competitive advantage in connecting data center loads [9] - The company emphasizes the need for generation diversity to meet the growing electricity demand and ensure reliability [10]