Core Insights - Itron, Inc. has appointed Scott Drury, former CEO of Southern California Gas Company, to its board of directors, effective immediately [1][2]. Company Overview - Itron is focused on transforming how energy, water, and city services are managed, providing intelligent infrastructure solutions to improve efficiency and resilience [5]. Leadership Experience - Scott Drury brings over 35 years of experience in the electric and natural gas industry, having led significant transformations and enhanced shareholder value during his tenure as CEO of Southern California Gas [2]. - Under Drury's leadership, Southern California Gas doubled its net income and received national recognition for innovation and clean energy commitments [2]. Board Collaboration - Itron's board members, including chair Diana Tremblay and president Tom Deitrich, expressed confidence in Drury's operational excellence and financial acumen, highlighting his alignment with the company's strategic priorities [3][4]. - Drury's experience as a customer of Itron for the past two years is expected to provide valuable insights into the challenges and opportunities faced by Itron's customers [4].

Financial Performance - Black Hills Corp. reported operating income of $82.5 million for Q2 2025, up from $70.6 million in Q2 2024, and net income available for common stock increased to $27.5 million from $22.8 million in the same period [1][19] - Earnings per share (EPS) for Q2 2025 were $2.24, compared to $0.38 in Q2 2024, reflecting a significant increase due to new rates and rider recovery, despite higher operating expenses [1][19] - For the first half of 2025, the company achieved net income of $161.7 million, up from $150.6 million in the first half of 2024 [1][21] Growth Initiatives - The company is executing a $1 billion capital plan for 2025 to support long-term growth and maintain solid financial credit metrics [2] - Key projects include the $350 million Ready Wyoming electric transmission project, expected to be completed by year-end 2025, and the $280 million Lange II generation project in South Dakota, planned to be operational in the second half of 2026 [3][10] - The company anticipates that data centers will contribute over 10% of EPS by 2028, driven by ongoing construction of Meta's new data center in Wyoming [3] Regulatory Developments - Black Hills Corp. reaffirmed its 2025 earnings guidance range of $4.00 to $4.20 per share, based on favorable regulatory outcomes and operational stability [5][10] - The company received approval for new rates at Kansas Gas, providing an additional $10.8 million in annual revenues, and a certificate for a 99-megawatt generation project in South Dakota [5][10] Operational Highlights - Wyoming Electric recorded an all-time peak load of 379 megawatts, reflecting a 21% increase over the previous year's peak, marking 19 consecutive years of rising electric demand [6][5] - The establishment of an Emergency Public Safety Power Shutoff program aims to enhance customer safety and mitigate wildfire risks across all electric utilities [6] Dividend and Share Issuance - The board of directors approved a quarterly dividend of $0.676 per share, marking 55 consecutive years of dividend increases, the second-longest track record in the industry [10] - In Q2 2025, the company issued 0.3 million shares for net proceeds of $20 million, totaling 1.1 million shares for $65 million year-to-date [10]