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JCP&L Begins Work to Boost Reliability for Thousands in Ocean and Burlington Counties
Prnewswire· 2025-07-17 18:06
Core Points - Jersey Central Power & Light (JCP&L) is preparing for infrastructure upgrades in central New Jersey to enhance the regional power grid and improve service reliability for residents and businesses in Ocean and Burlington counties [1][2] - The project involves clearing brush along 14 miles of right-of-way for new utility poles to support a high-voltage power line, which will improve electricity delivery efficiency and provide backup power [2][4] - Construction is set to begin in early September 2025, utilizing helicopters for installation in hard-to-access areas, minimizing landscape disruption and enhancing worker safety [3][4] - The project is part of FirstEnergy's Energize365 program, which plans to invest $28 billion from 2025 to 2029 to create a smarter and more secure grid [5] Company Overview - JCP&L serves approximately 1.1 million customers across multiple counties in New Jersey [6] - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over six million customers across several states and managing around 24,000 miles of transmission lines [7]
Here's Why Dominion Energy (D) is a Strong Value Stock
ZACKS· 2025-07-17 14:41
Company Overview - Dominion Energy Inc. is a major energy company based in Richmond, VA, engaged in regulated and non-regulated electricity distribution, generation, and transmission businesses [11] - The company was founded in 1909 and also sells electricity at wholesale prices to rural electric cooperatives, municipalities, and through wholesale electricity markets [11] Investment Ratings - Dominion Energy holds a Zacks Rank of 2 (Buy) and has a VGM Score of B, indicating strong potential for investors [12] - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 16.85, making it appealing to value investors [12] Earnings Estimates - For fiscal 2025, two analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing to $3.39 per share [12] - Dominion Energy has an average earnings surprise of +7.4%, suggesting a positive trend in earnings performance [12] Investment Recommendation - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Dominion Energy is recommended for investors looking for strong investment opportunities [13]
NATIONAL GRID ALERT: Bragar Eagel & Squire, P.C. Launches Investigation into National Grid plc on Behalf of National Grid Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-16 23:46
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against National Grid plc for possible violations of federal securities laws and unlawful business practices following a fire incident at Heathrow Airport linked to the company [2][3]. Group 1: Incident Overview - On July 1, 2025, the National Energy System Operator published a report indicating that a fire at Heathrow Airport on March 20, 2025, was caused by a known fault at an electrical substation owned by National Grid, which had been aware of the issue since 2018 but did not address it [3]. - Following the report, Heathrow Airport is reportedly considering legal action against National Grid [3]. Group 2: Market Reaction - The news of the incident and subsequent investigation led to a decline in National Grid's American Depositary Receipt (ADR) price, which fell by $3.77, or 5.07%, closing at $70.61 per ADR on July 2, 2025 [4]. Group 3: Legal Representation - Bragar Eagel & Squire, P.C. is reaching out to National Grid stockholders who may have suffered losses and encourages them to discuss their legal rights [1][5].
Can Franchise Agreement Help NEE to Continue Its Dominance in Florida?
ZACKS· 2025-07-16 15:15
Core Insights - NextEra Energy, Inc. (NEE) has established a strong position in Florida's utility market through its subsidiary Florida Power & Light Company (FPL), supported by long-term franchise agreements with municipalities that provide exclusive electric service rights [1][2][3] Group 1: Franchise Agreements - FPL holds 226 franchise agreements with municipalities and counties in Florida, which are set to expire at various dates up to 2054, covering the majority of its retail customers [2] - These agreements create a legal framework that allows FPL to access public rights-of-way in exchange for franchise fees, incentivizing municipalities to renew them for mutual benefits [2][3] - The long-term nature of these contracts provides NextEra with a regulatory moat, reducing competition from alternative power providers [3][5] Group 2: Infrastructure and Growth - NextEra leverages its municipal relationships to modernize infrastructure, including grid upgrades and clean energy initiatives, aligning with state and federal decarbonization goals [4][5] - The franchise agreements contribute to a stable operating environment, enabling planned maintenance and efficient capital investment, which enhances reliability and reduces outages [6] Group 3: Financial Performance - NextEra projects an annual earnings per share (EPS) growth of 6-8% through 2027, supported by the stability provided by franchise agreements [9][11] - The Zacks Consensus Estimate for NEE's 2025 EPS is projected to be between $3.45 and $3.70, indicating a year-over-year growth of 7.3% [11] - NextEra's trailing 12-month return on equity (ROE) stands at 12.06%, outperforming the industry average of 10.41%, indicating efficient use of shareholders' equity [13]
NextEra Energy (NEE) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-07-16 15:07
The market expects NextEra Energy (NEE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...
金昌电网实现 10 千伏线路保护装置 “零停电” 换型
Zhong Guo Neng Yuan Wang· 2025-07-16 14:10
Core Viewpoint - The successful completion of the first "zero power outage" upgrade of the 10 kV line interval protection device by Jinchang Power Grid marks a significant breakthrough in the intelligent transformation of distribution network lines, setting a new benchmark for regional power supply reliability [1][4]. Group 1: Technological Innovations - The project represents a shift from traditional power outage modifications requiring two days to a "zero" outage approach, fundamentally avoiding power interruptions for businesses and residents [1][4]. - Key innovations include "full-process non-perception" and "parallel protection," which were achieved through a combination of "pre-execution debugging + dual protection in parallel" [1][2]. - The implementation involved a "sandbox rehearsal + platform transfer" plan, which allowed for full-step simulations of the upgrade process, ensuring precise configuration and risk management [1][2]. Group 2: Safety and Operational Standards - The design process emphasized extreme detail, with specific measurements and operational standards established to prevent compatibility issues between the new and old protection devices [2]. - A "1:1" operational simulation was conducted prior to the upgrade, identifying 12 potential hazards and ensuring strict adherence to safety protocols [2]. - The "three-fold protection" mechanism was implemented to ensure continuous protection during the upgrade, with real-time monitoring and documentation for traceability [2]. Group 3: Impact and Future Plans - The successful upgrade not only eliminated the traditional two-day downtime but also enhanced the skill set of the team, preparing them for future upgrades on ten additional lines [3][4]. - The technology is expected to be gradually promoted across the city’s aging lines, potentially reducing power outage durations by over 500 hours annually [4]. - Jinchang Power Company aims to deepen the application of non-power outage technologies, supporting local economic development and enhancing power supply quality through continuous innovation [4].
四川电网:10项保电重点工程全部投运 护航成都世运会
Zhong Guo Jin Rong Xin Xi Wang· 2025-07-16 10:55
Core Viewpoint - The completion of 10 key power supply projects by State Grid Sichuan Electric Power significantly enhances the electricity supply capacity during the World University Games, supporting the high-quality economic development of the region [1][3]. Group 1: Project Overview - State Grid Sichuan Electric Power constructed 10 key power supply projects to meet the high electricity demand of the event, including 1 project at 500 kV, 7 projects at 220 kV, and 2 projects at 110 kV [3]. - The new projects include a total line length of 320 kilometers and an additional transformer capacity of 3.36 million kVA, improving the grid's carrying capacity and power supply quality in key areas such as Tianfu New Area and Chengdu East New Area [3][5]. Group 2: Implementation and Technology - The company utilized a collaborative mechanism between municipal and district levels, enhancing government-enterprise interaction to expedite the construction of the power supply projects [3]. - Advanced technologies such as drones for line laying, intelligent tension control, and mechanized crossing frameworks were introduced to improve construction efficiency and reduce safety risks [3]. Group 3: Emergency Preparedness - The company upgraded its intelligent power supply management platform, including 35 key venues in the power supply guarantee scope, and implemented focused monitoring for 104 substations and 232 power distribution lines [5]. - Multiple rounds of practical emergency drills were conducted to test and enhance emergency response capabilities [5].
FirstEnergy Board Chair, President and CEO Brian X. Tierney Participates in Pennsylvania Energy and Innovation Summit
Prnewswire· 2025-07-15 20:29
AKRON, Ohio, July 15, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) Board Chair, President and CEO Brian X. Tierney addressed government officials, global investors and leaders in energy, technology, labor and trade during today's Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh, hosted by Senator David McCormick. Tierney emphasized FirstEnergy's commitment to building a modern energy grid that supports growth and innovation fueled by emerging technologies.Brian Tier ...
CenterPoint Energy continues to monitor Invest 93L in northeastern Gulf
Prnewswire· 2025-07-15 19:33
Core Viewpoint - CenterPoint Energy is actively monitoring a low-pressure system designated as Invest 93L, which is expected to move across Florida towards the Gulf, with potential impacts on the Greater Houston area, including localized flash flooding and heavy rains [1][2][3]. Group 1: Storm Monitoring and Preparedness - The storm is projected to remain weak but may develop into a tropical depression or low-end tropical storm before landfall in Central or Western Louisiana by the end of the week [2]. - CenterPoint's meteorology team indicates a low likelihood of significant storm development, with minimal impacts expected in the Greater Houston area beyond isolated heavy rains [3]. - The company has implemented a summer storm readiness plan, including actions taken since Hurricane Beryl to enhance resiliency in the Greater Houston area [4]. Group 2: Resiliency Improvements - CenterPoint has completed significant resiliency improvements, including the installation of over 26,000 stronger poles, undergrounding more than 400 miles of power lines, and installing over 5,150 automated reliability devices [5]. - The company has cleared over 6,000 miles of high-risk vegetation near power lines and installed more than 100 weather stations to improve storm preparation and situational awareness [5][6]. Group 3: Customer Communication and Safety - CenterPoint encourages customers to sign up for the Power Alert Service to receive updates on outages and restoration efforts [8]. - The company is conducting outreach to critical care customers and providing safety information through various communication channels [5][9]. - Customers are advised to prepare for the storm and can access safety tips in multiple languages [9]. Group 4: Company Overview - CenterPoint Energy, Inc. serves approximately 7 million metered customers across multiple states and has approximately $44 billion in assets as of March 31, 2025 [11]. - The company has a long history of service, with over 150 years of experience in the utility sector [11].
Georgia Public Service Commission approves plan to reliably, economically meet the energy needs of a growing Georgia
Prnewswire· 2025-07-15 15:27
Core Viewpoint - The Georgia Public Service Commission has approved Georgia Power's 2025 Integrated Resource Plan (IRP), which aims to meet the state's growing energy demands and ensure reliable and affordable energy for customers [1][2][3]. Group 1: Energy Demand and Growth Projections - Georgia Power anticipates approximately 8,500 megawatts (MW) of electrical load growth over the next six years, with a peak demand increase of about 2,600 MW by the end of 2030 compared to the 2023 IRP Update [3]. - The approved 2025 IRP includes ongoing processes with the Georgia PSC to monitor growth, including quarterly filings of Large Load Economic Development Reports [3]. Group 2: Investments in Energy Infrastructure - The 2025 IRP outlines necessary investments in Georgia Power's generation fleet and transmission system to ensure reliable energy delivery [4]. - The plan includes reserve margins to provide sufficient generation capacity during periods of high demand [4]. Group 3: Diverse Energy Mix and Renewable Energy - Georgia Power's generation mix has evolved to include cleaner energy sources, with plans to procure up to 4,000 MW of renewable resources by 2035, expanding its renewable portfolio to approximately 11,000 MW [8]. - The company will also focus on battery energy storage projects, aiming to add more than 1,500 MW in the coming years [9]. Group 4: Enhancements to the Power Grid - A 10-year transmission plan has been approved, which includes improvements across more than 1,000 miles of transmission lines to enhance system efficiency and resiliency [12]. - Investments in the integrated transmission system are crucial for maintaining reliable electric service and supporting the state's growing energy needs [11]. Group 5: Customer-Focused Programs - The approved 2025 IRP includes demand-side resources such as energy efficiency and demand response programs to enhance customer experience and sustainability goals [14]. - New initiatives will focus on providing tools for customers to manage energy usage and costs, including an online energy audit tool and enhanced support for low-income customers [17].