Company Overview - Dominion Energy, Inc. has a market cap of $51.5 billion and is a leading provider of regulated electricity and natural gas services in the U.S. [1] - The company operates primarily in Virginia, South Carolina, and through contracted renewable energy, serving millions of customers with extensive infrastructure for electric generation, transmission, and distribution [1][2]. Financial Performance - As of December 31, 2024, Dominion Energy's portfolio includes 30.3 GW of generating capacity and a vast network of transmission and distribution lines [2]. - In Q3 2025, the company reported an adjusted EPS of $1.06 and revenue of $4.53 billion, but the stock fell 1.4% on October 31 [5]. - The company narrowed its full-year operating earnings guidance to a range of $3.33 to $3.48 per share, maintaining a midpoint of $3.40 [5]. Stock Performance - Dominion Energy's shares have decreased over 4% from their 52-week high of $62.87 and have risen 2.1% over the past three months, underperforming the S&P 500 Index's 6.5% gain during the same period [3]. - Year-to-date, the stock has gained 12.1%, lagging behind the S&P 500's 16.1% increase, and has returned 5.3% over the past 52 weeks compared to the S&P 500's 12.9% return [4]. - The stock has been trading mostly above its 50-day moving average since May and above its 200-day moving average since July [4]. Analyst Sentiment - Analysts have a cautious consensus rating of "Hold" from 20 analysts, with a mean price target of $64.86, indicating a premium of 7.5% to current levels [6].

Core Points - Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation, has priced a public offering of $300 million in 5.700% debentures due in 2055 [1] - The net proceeds from the offering will be used to reduce outstanding commercial paper and for general corporate purposes [1] - The offering is expected to close on December 5, 2025, subject to customary closing conditions [1] Offering Details - The debentures will mature on December 15, 2055 [1] - The offering was marketed by a group of underwriters including Mizuho Securities USA LLC, Wells Fargo Securities, LLC, BofA Securities, Inc., and MUFG Securities Americas Inc. as joint book-running managers [2] - Additional co-managers include Academy Securities, Inc., PNC Capital Markets LLC, and U.S. Bancorp Investments, Inc. [2] Regulatory Information - The offering is made through a prospectus supplement and accompanying prospectus as part of a shelf registration statement filed with the Securities and Exchange Commission [3] - Copies of the prospectus can be obtained from the underwriters or the SEC's website [3] Company Background - Alliant Energy Corporation's Wisconsin utility subsidiary, WPL, operates under the trade name of Alliant Energy [5] - WPL is based in Madison, Wisconsin [5]

Core Points - TXNM Energy, Inc. has announced a 3.7% increase in its annual dividend payment, raising it by $0.06 to an indicated annual rate of $1.69 per share [1][2] - The increase reflects the company's ongoing dividend growth strategy, supported by underlying earnings growth and increased capital investment plans [2] - The board declared a quarterly stock dividend of $0.4225 per share, payable on February 13, 2026, to shareholders of record by January 30, 2026 [3] Company Background - TXNM Energy is an energy holding company based in Albuquerque, New Mexico, providing energy to over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM [3]

Core Viewpoint - The Tennessee Valley Authority (TVA) has been awarded a $400 million grant from the U.S. Department of Energy (DOE) to expedite the deployment of the first Generation III+ Small Modular Reactor (SMR) at the Clinch River nuclear site in East Tennessee, aiming for commercial operation in the early 2030s [1][2][8]. Group 1: Grant and Project Details - The DOE grant is part of TVA's initiative to bolster the domestic nuclear industry and facilitate the deployment of compact, flexible, and efficient SMRs [4]. - TVA's Clinch River project is expected to serve as a national model for the safe, efficient, and affordable deployment of SMRs, laying the groundwork for a new era of American nuclear energy leadership [3][8]. Group 2: Strategic Importance and Goals - TVA aims to protect consumers from subsidizing development costs, train a new generation of nuclear professionals, and establish a replicable framework for SMR deployment across the U.S. [9]. - The project is designed to stimulate American manufacturing of critical nuclear components and strengthen U.S. energy security by reducing reliance on foreign technologies [9]. Group 3: TVA's Position and Impact - TVA is the largest public power supplier in the U.S., serving over 10 million people across seven southeastern states, and is recognized for its diverse energy system [6]. - TVA's residential and industrial rates are among the lowest in the nation, contributing to its reputation for reliability and affordability [7].

Core Insights - Duke Energy (DUK) is focusing on energy storage technologies as a key component of its grid modernization strategy, aiming to optimize fuel savings and reduce emissions by storing power during low-demand periods and deploying it during peak times [1][4]. Energy Storage Strategy - Battery storage is essential for integrating renewable energy by storing excess energy during low-demand periods and supplying it during high-demand times, enhancing grid performance and operational efficiency [2][5]. - Duke Energy also operates pumped-storage hydro plants, which serve as large-scale energy reservoirs, providing substantial flexibility and efficiency in energy storage [3]. Capacity and Growth Plans - Duke Energy currently operates over 300 megawatts (MW) of grid-tied battery storage, with another 300 MW in development. The company plans to exceed 6,000 MW of energy storage capacity by 2035 and anticipates around 30,000 MW by 2050 [4][8]. Earnings Estimates - The Zacks Consensus Estimate indicates a year-over-year increase in earnings per share (EPS) of 7.29% for 2025 and 6.07% for 2026 [7]. Stock Performance - Duke Energy is trading at a premium to the industry, with a forward price-to-earnings ratio of 18.55X compared to the industry average of 15.76X. The company's shares have increased by 3.4% over the past six months, while the industry has seen a growth of 14.2% [10][12].

Core Viewpoint - The utility sector has transitioned from a defensive investment to a dynamic growth opportunity, driven by the increasing demand for electricity from AI-related data centers [2][3]. Sector Performance - The S&P 500 Utilities Index has delivered a year-to-date return of 16.2%, outperforming the broader S&P 500's return of 15.8% [3]. Demand Projections - Electricity demand in the U.S. is projected to rise significantly, with data centers expected to consume approximately 6.7-12% of total U.S. electricity by 2028, increasing usage by 325-580 terawatt-hours (TWh) from 176 TWh in 2023 [4]. Utility Company Actions - Utility companies are expanding generation capacity and upgrading infrastructure to meet the rising demand, with Duke Energy planning to bring over 13 gigawatts (GW) online by 2030 [6]. - NextEra Energy is partnering with Alphabet to restart the Duane Arnold Energy Center by 2029 to supply carbon-free power for AI operations [7]. Macro Conditions - Anticipated Federal Reserve rate cuts could lower borrowing costs for utilities, easing financial burdens and supporting valuations for companies involved in large-scale infrastructure projects [8]. Investment Strategy - Investing in utility-focused exchange-traded funds (ETFs) is recommended to spread exposure across various companies and mitigate risks associated with individual stocks [10]. Recommended Utility ETFs - **Utilities Select Sector SPDR ETF (XLU)**: AUM of $22 billion, year-to-date gain of 19.4%, top holdings include NEE (12.77%) and CEG (8.18%) [11][12]. - **iShares U.S. Utilities ETF (IDU)**: Net assets of $1.88 billion, year-to-date gain of 18.1%, top holdings include NEE (11.07%) and CEG (7.10%) [13]. - **Fidelity MSCI Utilities Index ETF (FUTY)**: Net assets of $2.15 billion, year-to-date gain of 20%, top holdings include NEE (10.92%) and CEG (7.79%) [14]. - **Vanguard Utilities ETF (VPU)**: Net assets of $8 billion, year-to-date gain of 19.9%, top holdings include NEE (10.99%) and CEG (7.75%) [15].

This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Independent power producers and the PJM Interconnection’s market monitor are urging the Federal Energy Regulatory Commission to reject a waiver request from American Electric Power utilities that would allow them to sell up to 750 MW in an upcoming “incremental” capacity auction. It appears the utilities — Appalachian Power, Indiana Michigan Power, Kentucky Power and ...

Company Overview - PG&E Corporation (PCG) is valued at $35.4 billion and operates in the utilities sector, providing electricity and natural gas to customers in northern and central California. The company generates electricity from various sources including nuclear, hydroelectric, fossil fuel, and photovoltaic [1]. Market Position - PCG is classified as a large-cap stock, with a market capitalization exceeding $10 billion, indicating its significant size and influence in the utilities sector [2]. Stock Performance - PCG stock has experienced a decline of 25.3% from its 52-week high of $21.20 reached on December 3, 2024. Over the past three months, the stock has gained 3.7%, which is lower than the 5% increase of the Utilities Select Sector SPDR Fund (XLU) during the same period [3]. - Year-to-date, PCG's stock has dropped 21.5% and 26.8% over the past 52 weeks, while XLU has gained 16.9% in 2025 and 6.7% over the past year. The stock has mostly remained below its 200-day moving average since January, indicating a bearish trend [4]. Financial Results - In Q3, PG&E reported a 5.2% year-over-year increase in revenue to $6.3 billion, although this was 4.3% below market expectations. The adjusted EPS rose 35.1% year-over-year to $0.50, surpassing consensus estimates by 13.6% [5]. Analyst Sentiment - Despite underperforming compared to peers like Sempra (SRE), analysts maintain a positive outlook on PCG, with a consensus rating of "Strong Buy" among 17 analysts. The mean price target of $21.36 suggests a potential upside of 34.8% [6].

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1] - The energy demands of AI technologies are highlighted, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2] - A specific company is positioned as a key player in the AI energy sector, owning critical energy infrastructure assets that will benefit from the increasing demand for electricity driven by AI [3][7] Investment Opportunity - The company in focus is not a chipmaker or cloud platform but is crucial for supplying energy to AI data centers, making it a unique investment opportunity [3] - It is described as a "toll booth" operator in the energy sector, benefiting from U.S. LNG exports and the onshoring trend due to tariffs [5][6] - The company is debt-free and has significant cash reserves, equating to nearly one-third of its market cap, which positions it favorably compared to other energy firms [8] Market Position - The company has a substantial equity stake in another AI-related venture, providing indirect exposure to multiple growth engines in the AI sector [9] - It is trading at less than 7 times earnings, indicating it is undervalued relative to its potential [10] - The company is involved in large-scale engineering, procurement, and construction projects across various energy sectors, including nuclear energy, which is crucial for future power strategies [7] Industry Trends - The AI infrastructure supercycle, driven by increasing energy needs and tariffs, is creating a unique investment landscape [14] - The influx of talent into the AI sector is expected to lead to rapid advancements and innovative ideas, further solidifying AI's role as a disruptive force in traditional industries [12] - The overall sentiment is that investing in AI is essential for future growth and profitability, with a call to action for investors to participate in this technological revolution [15]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are highlighted, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is presented as a significant investment opportunity, possessing critical energy infrastructure assets that are essential for supporting the anticipated surge in energy demand from AI data centers [3][6] - This company is characterized as a "toll booth" operator in the AI energy boom, benefiting from the increasing need for electricity as AI technologies expand [4][5] Energy Infrastructure - The company owns vital nuclear energy infrastructure, positioning it strategically within America's future power strategy [7] - It is noted for its capability to execute large-scale engineering, procurement, and construction projects across various energy sectors, including oil, gas, and renewables [7][8] Financial Position - The company is described as being completely debt-free and holding a significant cash reserve, amounting to nearly one-third of its market capitalization [8] - It also has a substantial equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities without high premiums [9][10] Market Perception - Wall Street is beginning to take notice of this company, which is seen as undervalued compared to other energy and utility firms that are heavily indebted [8][10] - The company is trading at less than 7 times earnings, indicating a potentially attractive valuation for investors [10] Future Trends - The ongoing AI infrastructure supercycle, the onshoring boom due to tariffs, and a surge in U.S. LNG exports are identified as key trends that will drive demand for the company's services [14] - The influx of talent into the AI sector is expected to lead to rapid advancements and innovative ideas, further solidifying the importance of investing in AI-related companies [12]