Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $0.82 for Q1 2025, maintaining guidance for a compound annual growth rate of over 8% for adjusted EPS during the outlook period [5][32]. - Weather-adjusted retail sales growth was strong at 5.2%, with industrial sales increasing by 9.3%, driven by customer additions and expansions [33]. Business Line Data and Key Metrics Changes - The industrial sales increase was the largest contributor to overall sales growth, reflecting robust demand from new and expanding customers [33]. - The company is executing a capital plan to support strong customer growth and improve reliability and resilience, with significant projects underway, including the Orange County Advanced Power Station, which is 70% complete [10][11]. Market Data and Key Metrics Changes - The Gulf South region remains attractive for industrial investments due to low power costs, robust infrastructure, and a business-friendly environment, with significant announcements from Hyundai Motor Group, CF Industries, and Woodside [6][7][8]. - The data center pipeline remains strong, with ongoing discussions for projects in the 5 to 10 gigawatt range [9]. Company Strategy and Development Direction - The company aims to create value for all stakeholders, focusing on customer growth through new customer announcements and regulatory outcomes [5][6]. - The company is exploring potential capacity upgrades at existing facilities, including a 40-megawatt increase at Waterford Three and a total of approximately 275 megawatts across other nuclear plants [12]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting 2025 guidance, citing a productive start to the year and strong interest from industrial customers despite macroeconomic uncertainties [5][31]. - The company believes tariff impacts are manageable, estimating a 1% effect on its $37 billion four-year capital plan, with ongoing cost management efforts to mitigate potential impacts [22][23]. Other Important Information - The company is in discussions to renew an NRC early site permit for a potential new nuclear facility at Grand Gulf, which expires in April 2027 [12]. - The company announced leadership changes, with Kimberly Cook Nelson moving into the COO role and John Donnelli becoming the chief nuclear officer [27]. Q&A Session Summary Question: Is Arkansas fully competitive for data centers? - Management confirmed that Arkansas is now fully competitive and is engaging with potential customers in the state [43][44]. Question: Update on financing and equity needs? - Management indicated that there hasn't been a substantial change in the timing of equity needs, with credit metrics expected to improve [45][46]. Question: Drivers behind residential sales growth? - Management noted that residential sales are expected to grow about 1% for the full year, with overall sales projected at about 5.5% [53]. Question: Impact of macroeconomic uncertainty on industrial activity? - Management highlighted that industrial customers have shown resilience and continue to make long-term investment decisions despite short-term volatility [55][56]. Question: Update on large load customer service capabilities? - Management stated that they have positions in queues to provide generation to potential customers, with opportunities expected to ramp up in 2028 and 2029 [66]. Question: Financial impacts of recent legislative changes? - Management explained that new legislation in Arkansas allows for earlier recovery of costs, which will benefit customers, while Texas legislation focuses on risk management [108][109]. Question: How does Woodside's FID decision affect data center customer timelines? - Management indicated that the company can continue to serve data centers and large customers, with ongoing opportunities despite construction timelines [112][114]. Question: Changes in contracting strategy with large load customers? - Management confirmed that their contracting strategy remains largely unchanged, leveraging existing frameworks to adapt to current market conditions [138].