Core Viewpoint - Alliant Energy (LNT) is set to release its first-quarter 2025 results on May 8, following a previous negative earnings surprise of 2.9% in the last quarter [1] Group 1: Factors Impacting Q1 Performance - The company placed two solar projects with a combined capacity of 200 megawatts (MW) into service during Q4 2024, along with the 50-MW Creston Solar Project, which is expected to power approximately 40,000 homes annually, likely boosting financial performance in Q1 [2] - An order from the IUC authorized annual base rate increases of $185 million for retail electric customers and $10 million for retail gas customers, effective from October 2024 through September 2025, which is expected to enhance revenue in the upcoming quarter [3] - Severe storms in March 2025 caused significant power outages and disruptions, potentially leading to higher operating expenses for restoration, which may offset some positive impacts on financial performance [4] Group 2: Q1 Expectations - The Zacks Consensus Estimate for earnings is 57 cents per share, reflecting a year-over-year decline of 8.1% [5] - The Zacks Consensus Estimate for revenues is $1.13 billion, indicating a year-over-year increase of 9.2% [5] - Total electricity delivered is estimated at 8,442.6 megawatt-hours (MWh), representing a 1.1% year-over-year increase [5] Group 3: Earnings Prediction - The company's Earnings ESP is +9.88%, suggesting a favorable outlook for an earnings beat this quarter [6] - Alliant Energy currently holds a Zacks Rank of 3, indicating a neutral outlook [7]

Renewed, Reliable and Resilient First-Quarter Financial Results May 1, 2025 Forward Looking Statements This presentation contains forward-looking statements based on current expectations, including statements regarding our earnings guidance and financial outlook and goals. These forward-looking statements are often identified by words such as "estimate," "predict," "may," "believe," "plan," "expect," "require," "intend," "assume," "project," "anticipate," "goal," "seek," "strategy," "likely," "should," "wil ...

2 Non-GAAP Financial Measures In addition to including earnings per share (EPS) in accordance with generally accepted accounting principles (GAAP), this presentation also includes historical adjusted EPS excluding: (1) estimated loss on plants under construction and (2) accelerated depreciation from repowering. Estimated loss on plants under construction includes charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power's integra ...

Financial Performance & Guidance - Q1 2025 operating earnings per share was $0.93, which includes $0.03 of favorable weather impact and $0.02 of RNG 45Z income[8] - The company reaffirmed its 2025 guidance midpoint of $3.40 per share, with a range of $3.28 to $3.52 per share, including approximately $0.10 per share from RNG 45Z income[8] - Long-term operating EPS growth rate is projected at 5%-7% off 2025 operating EPS excluding RNG 45Z income ($3.30)[8] - The 2025 dividend is expected to be $2.67 per share[8] - The capital investment plan for 2025-2029 is approximately $50 billion[8] Capital Raising Activities - Dominion Energy Virginia is expected to issue $2.0-$2.5 billion in fixed income, with $1.3 billion already issued YTD and $0.7-$1.2 billion remaining[10] - Dominion Energy South Carolina has issued $0.5 billion in fixed income, completing its guidance[10] - DEI hybrid fixed income issuance is guided at $1.0-$2.0 billion, with none issued YTD[10] - DEI other fixed income issuance is guided at $2.0-$3.0 billion, with $1.5 billion issued YTD and $0.5-$1.5 billion remaining[10] - At-the-market ("ATM") common equity activities have resulted in $1.03 billion issued YTD, completing the $1.0 billion guidance[11] Coastal Virginia Offshore Wind (CVOW) Project - The CVOW project is approximately 55% complete and remains on schedule for full completion by the end of 2026[13, 14] - The project has created approximately 2,000 direct and indirect American jobs and generated approximately $2 billion in American economic activity[13] - The total project costs, including contingency, are now estimated at $10.8 billion, which includes $123 million of estimated tariffs[27, 30] - Dominion Energy's remaining amount to be funded for CVOW is approximately $2.0 billion[30]

Group 1 - CEMIG has filed its 2024 Form 20-F with the U.S. Securities and Exchange Commission on April 30, 2025 [1] - The filing is part of the company's compliance with regulatory requirements for publicly held companies [1] - CEMIG's shares are traded on stock exchanges in São Paulo, New York, and Madrid [1] Group 2 - The 2024 Form 20-F is accessible on the SEC's website and CEMIG's Investor Relations website [2]

Core Points - The State Grid Shandong Electric Power has established 4,476 public charging stations, capable of charging 26,000 new energy vehicles simultaneously [3] - During the May Day holiday, the company conducted special inspections on 2,191 charging stations and repaired 5,132 charging piles to ensure the stability of charging facilities [4] - The company has deployed mobile emergency charging units at 10 key charging stations to alleviate peak charging pressure [3][4] Group 1 - The company has developed a holiday charging service guarantee plan, including real-time monitoring of charging stations and on-site service personnel at high-traffic areas [6][7] - A total of 51 key highway charging stations were identified for enhanced service during the holiday, with promotional activities to guide new energy vehicle owners [3][4] - The company has upgraded 16 highway service area charging stations, adding 50 new or modified DC fast charging terminals [4] Group 2 - The company has collaborated with Shandong Traffic Radio to provide real-time travel tips and launched promotional coupons for new charging stations [3] - Emergency service teams have been established to ensure quality charging services at scenic spots and urban charging stations [6][7] - The company aims to support the booming cultural tourism economy by providing excellent charging services at tourist attractions [6]

Core Viewpoint - Dominion Energy presents attractive features for dividend investors despite concerns over past management decisions and dividend cuts [1][5] Group 1: Dividend Performance - Dominion Energy projected continued dividend growth before selling pipeline assets to Berkshire Hathaway, leading to a material cash flow loss and a subsequent dividend reset [2] - The company made a single dividend increase before conducting a year-long business review, resulting in further asset sales without cutting the dividend, but indicating a need to strengthen the balance sheet before resuming dividend growth [4][5] - The 2025 dividend guidance is set at $2.67 per share, the same as in 2024, indicating that the company's revamp is still ongoing despite reasonable overall business performance [5] Group 2: Investment Appeal - Dominion Energy offers a dividend yield of 5%, significantly higher than the average utility yield of around 2.9%, enhancing income for dividend investors [7] - The company projects 5% to 7% earnings growth supported by a $50 billion capital investment plan, which is a 16% increase from the previous year [8] - Key components of the capital investment plan include renewable energy projects and assets for data centers and AI, with a notable 88% increase in demand from data centers in Virginia between July and December 2024 [9] Group 3: Future Outlook - Long-term dividend investors may find it wise to invest in Dominion Energy now, as the company has streamlined its operations and is focused on executing its growth plan [10] - The elevated yield provides a generous return while waiting for the anticipated return of dividend growth, which could lead to a higher valuation from Wall Street once it occurs [10]

Corporate Governance - Shareholders elected four new members to the Board of Directors for a term of three years: Anne L. Alonzo, Katherine Kountze, Jane Lewis-Raymond, and David A. Whiteley [1] - The selection of Deloitte & Touche, LLP as independent registered public accountants for 2025 was ratified by shareholders [1] - An advisory vote on executive compensation received approval from 91% of shareholders [2] Strategic Direction - The Chairman and CEO, Thomas P. Meissner, Jr., highlighted the company's achievements in 2024 and discussed the strategic transition to a clean energy future aimed at creating long-term sustainable value [3] Company Overview - Unitil Corporation is a public utility holding company providing electricity and natural gas in New England, serving approximately 109,400 electric customers and 97,600 natural gas customers [4]

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]