Bucharest, 1 September 2025 Presentation of Electrica H1 2025 Financial Results (Acc. IFRS-EU) The results presented are based on the consolidated financial statements prepared in accordance with the International Financial Reporting Standards (IFRS-EU). This document was prepared by Electrica for the presentation of H1 2025 financial results and has an informative nature. This presentation is not an offer, an invitation or recommendation to trade the securities issued by Electrica. Content Electrica Group' ...

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - NVIDIA reported earnings that exceeded both top and bottom line estimates, yet the stock price declined, indicating market limitations even for high-growth stocks [2] Group 2 - The article emphasizes the importance of due diligence and encourages readers to draw their own conclusions before making investment decisions [3] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the opinions of the platform as a whole [4]

Group 1: Core Insights - The rise of artificial intelligence (AI) is generating significant interest on Wall Street, but the technology is still evolving, making it difficult to predict which companies will benefit the most [1][4][5] - Dominion Energy is well-positioned to capitalize on the increasing demand for electricity driven by AI, particularly due to its operations in Virginia, a major data center market [2][7][8] Group 2: Market Dynamics - U.S. electricity demand from AI is projected to increase by 300% over the next decade, with overall electricity demand expected to grow from 9% between 2000 and 2020 to 55% between 2020 and 2040 [7] - Dominion Energy's demand from data centers grew by 88% in the second half of 2024, but the company faces challenges in expanding its generating capacity and infrastructure to meet this demand [8][9] Group 3: Investment Perspective - Dominion Energy offers a dividend yield of 4.4%, significantly higher than the average utility yield of 2.7%, making it an attractive option for investors seeking income [10] - The company is viewed as a low-risk turnaround story in the utility sector, with potential for growth as it benefits from the AI revolution while providing steady dividends [12][14]

Group 1: Investment Thesis for Utility Stocks - The utility sector is outperforming the S&P 500, driven by advancements in AI and energy transition [1][4][8] - The Vanguard Utilities ETF (VPU) offers diversification across the U.S. utility sector, primarily in electric and multi-utilities [2][3] - The fund has a low expense ratio of 0.09% and provides a yield of 2.7% with a price-to-earnings ratio of 21.4, making it an attractive option for passive income [3] Group 2: Performance Metrics - The S&P Utilities Select Sector Index has increased by 13.10% year-to-date, outperforming the S&P 500's 9.95% increase [5] - Other sectors outperforming the S&P 500 include industrials (16.02%), communication services (14.69%), technology (12.79%), and financials (10.63%) [5] Group 3: AI and Electricity Demand - AI is significantly driving electricity demand, with major tech companies investing heavily in cloud infrastructure [9][10] - The U.S. Energy Information Administration (EIA) projects a 2.2% annual increase in nationwide electricity sales for 2025 and 2026, with higher growth in areas with data centers [11] - Specific regions like ERCOT are expected to see a 7% increase in electricity demand in 2025 and 14% in 2026 due to data centers and cryptocurrency mining [12] Group 4: Renewable Energy and Sustainability - Utilities are investing in renewable energy to meet sustainability goals, driven by demand from cloud computing companies [14][15] - Amazon has achieved 100% renewable electricity for its operations, while Microsoft and Google are also making significant investments in clean energy [18] - AI-related demand is leading companies to sign power purchase agreements (PPAs) for renewable energy projects, influencing EIA's forecasts [17][19] Group 5: Investment Opportunities - The utility sector is positioned to benefit from increasing energy demand due to population and economic growth, with AI further straining the energy grid [19] - The Vanguard Utilities ETF provides a way for investors to gain exposure to AI-driven growth without the volatility of high-growth stocks [20]

Core Viewpoint - Entergy Corporation has shown improvement in its Q2 2025 earnings, with a notable increase in revenues and operating income, despite a recent decline in share price compared to the S&P 500 [1][2][3]. Financial Performance - Q2 2025 earnings were reported at $1.05 per share, a 9.4% increase from $0.96 in the same quarter last year, surpassing the Zacks Consensus Estimate of $0.91 [2]. - Revenues for Q2 2025 reached $3.33 billion, exceeding the Zacks Consensus Estimate of $3.22 billion by 3.4%, and reflecting a 12.7% year-over-year increase [3]. - Operating income rose to $837.4 million, marking a 35.6% increase from $617.6 million in the previous year [5]. Segment Performance - The utility segment's earnings improved to $1.34 per share from $1.03 in Q2 2024, while the Parent & Other segment reduced its loss to $0.29 per share from a loss of $0.91 [4]. Operating Expenses and Customer Base - Operating expenses increased to $2.49 billion, a 6.7% rise from $2.34 billion in the prior-year quarter [5]. - As of June 30, 2025, Entergy served 3.04 million retail customers, reflecting a 0.5% increase [5]. Financial Position - Cash and cash equivalents stood at $1.18 billion as of June 30, 2025, up from $0.86 billion at the end of 2024 [6]. - Long-term debt increased to $28.11 billion from $26.61 billion at the end of 2024 [6]. - Cash generated from operating activities in the first half of 2025 was $1.26 billion, compared to $1.03 billion in the same period of 2024 [6]. Guidance and Estimates - Entergy reaffirmed its 2025 financial guidance, expecting adjusted earnings in the range of $3.75 to $3.95 per share [7]. - The current Zacks Consensus Estimate for earnings is $3.89 per share, above the midpoint of the guided range [8]. Market Sentiment - Following the earnings release, there has been a downward trend in earnings estimates for Entergy [9]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [11].

Core Viewpoint - The article discusses the electricity purchasing prices for September 2025 across various regions in China, highlighting the changes in peak and valley pricing, and the impact of time-of-use pricing policies on energy storage profitability [2][4]. Summary by Sections Electricity Purchasing Prices Overview - As of September 2025, most regions have released their electricity purchasing prices, with the exception of Inner Mongolia West, Jilin, and Xinjiang [2]. - No new time-of-use pricing policies have been announced for this month [4]. Peak and Valley Pricing - In September, 18 regions have a peak-valley price difference exceeding 0.6 yuan/kWh, while 16 regions have a peak segment price difference exceeding 0.3 yuan/kWh [4]. - Guangdong has the highest peak-valley price difference at 1.3136 yuan/kWh, followed by Hainan at 1.043 yuan/kWh and Shandong at 0.854 yuan/kWh [4]. Year-on-Year Comparison - Compared to the same period last year, the maximum price differences have generally decreased, with only 9 regions experiencing an increase [4]. - Notable decreases in price differences were observed in Heilongjiang (-57.4%), Jiangsu (-40.6%), and Liaoning (-35.2%) due to adjustments in time-of-use pricing policies [4]. Regional Pricing Details - The article provides detailed tables of electricity prices for various regions, including peak, flat, and valley pricing for different voltage levels [5][6][10][19]. - For example, in Guangdong, the non-time-of-use price for 1-10 kV is 0.6893 yuan/kWh, while the peak price is significantly higher during peak hours [5][10]. Impact on Energy Storage - The changes in time-of-use pricing policies significantly affect the profitability of user-side energy storage systems, with ongoing monitoring by CNESA [4]. Future Data Availability - CNESA will continue to track electricity price trends, with detailed summaries and data analysis available in their global energy storage database [4].

Core Points - FirstEnergy Corp. subsidiaries are promoting the Home Energy Assistance (HEAP) Summer Crisis Program to help residential customers manage energy costs during hot summer months [1][2] - Eligible customers can receive up to $500 in one-time assistance through the HEAP Summer Crisis Program until September 30 [2] - FirstEnergy's Ohio electric companies offer various year-round assistance programs to support customers with energy bills and other needs [3] Company Overview - Ohio Edison serves over 1 million customers across 34 counties in Ohio [4] - The Illuminating Company serves more than 750,000 customers in specific counties [4] - Toledo Edison serves nearly 315,000 customers in northwest Ohio [5] - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over 6 million customers across multiple states [6] Assistance Programs - Percentage of Income Payment Plan Plus (PIPP Plus) allows customers to pay a percentage of their income toward their electric bill [9] - Home Energy Assistance Program (HEAP) provides cash grants for home heating bills and emergencies [9] - Project REACH offers support for Ohio Edison customers facing financial hardship [9] - Community Outreach Opportunity Program (CO-OP) assists Illuminating Co. customers needing temporary support [9] - Ohio Fuel Fund provides cash grants to help Illuminating Co. customers pay their electric bills [9] - Neighbors Helping Neighbors program supports Toledo Edison customers experiencing financial challenges [9]

Core Points - Potomac Edison residential customers in Maryland will receive bill credits as part of the Legislative Energy Relief Refund, aimed at alleviating rising electricity costs [1][2] - The first credit will be issued in September 2025, with a second credit expected in January or February 2026, based on each household's average electricity usage [2][4] - The credits are funded through payments from utilities and electricity suppliers under Maryland's renewable energy laws, and will not be charged back to customers [4] Eligibility and Process - Eligible customers will automatically receive the credits without needing to sign up or apply [3][7] - Customers must have an active residential electricity account as of June 1, 2025, and must have recorded electricity usage between April 1, 2024, and March 31, 2025 [7] Additional Support and Programs - Potomac Edison offers year-round programs to assist customers with electric bills, including bill assistance for income-eligible customers and energy efficiency tools [8] - The company serves approximately 285,000 customers in Maryland and 155,000 customers in West Virginia [4][5]

Group 1: Educational Initiatives - Georgia Power has partnered with Georgia Historical Society and Georgia Public Broadcasting to relaunch the Emmy award-winning series "Today in Georgia History," which originally started in 2011 and consists of 365 episodes [1][3] - The series will be available across GPB's statewide network, reaching nine television stations and 21 radio stations, aligning with the new school year and the 250th anniversary of the United States [1][3] - An interactive website has been developed to serve as a comprehensive resource for educators, students, and families, offering various educational materials that align with the Georgia Standards of Excellence [3] Group 2: Commitment to Education - Georgia Power contributed over $10.6 million to education-related initiatives in 2024, supporting educational organizations across the state [4] - The Learning Power program, which is approaching its 15th anniversary, has served over 1.3 million students through hands-on, STEM-based energy lessons tailored for all grade levels [4] Group 3: Company Overview - Georgia Power is the largest electric subsidiary of Southern Company, serving 2.8 million customers in all but four of Georgia's 159 counties [5] - The company focuses on delivering clean, safe, reliable, and affordable energy, maintaining a diverse generation mix that includes nuclear, coal, natural gas, and renewables [5] - Georgia Power is recognized as an industry leader in customer satisfaction by J.D. Power [5]

Core Insights - A major reliability project is being implemented in Adams County, Pennsylvania, aimed at enhancing electric service for nearly 2,300 residents and businesses, including key facilities like Hanover Hospital and WellSpan Health [1][2]. Project Details - The East Germantown-Germantown Reliability Project, led by Mid-Atlantic Interstate Transmission (MAIT), a subsidiary of FirstEnergy, includes the construction of a new substation and a 115-kilovolt (kV) transmission line to improve service reliability and support future growth in the area served by FirstEnergy Pennsylvania Electric Company (Met-Ed) [3]. - The new East Germantown Substation is expected to be built and energized by the end of March 2026, connecting to the existing Germantown Substation via a newly constructed high voltage power line [4]. - Upon completion, the project will provide an additional electricity source, enhance operational flexibility, and expand switching capabilities, allowing for quicker restoration during outages [5]. Importance of the Project - The project aims to strengthen the grid to better handle peak loads and reduce the frequency and duration of outages, particularly during high demand periods such as heat waves or storms [6]. - The upgrades will function similarly to a backup generator for the community, designed to accommodate future growth as more homes and businesses are established [6]. Environmental Considerations - The transmission line route has been carefully studied to minimize impacts on environmentally sensitive areas and local communities, with vegetation restoration and environmental work continuing into 2026 [7]. Broader Investment Strategy - This project is part of Energize365, FirstEnergy's $28 billion investment program aimed at modernizing the electric grid from 2025 to 2029, focusing on creating a smarter and more secure grid to meet current and future customer needs [8]. - Met-Ed serves approximately 592,000 customers across 3,300 square miles in eastern and southeastern Pennsylvania [8]. Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving customers in multiple states and managing approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [9].