为抢抓节后复工复产关键期，护航企业开好局、起好步，助力冲刺一季度"开门红"，2月26日，国网重 庆永川供电公司开展"电力暖企助复工"专项行动，精准提供定制化电力服务，为企业复工复产注入强 劲"电动力"。 电力人员了解企业用电需求。国网重庆永川供电公司供图 电力人员了解企业用电需求。国网重庆永川供电公司供图 检查现场，宋小丰一行深入生产车间、配电房，聚焦自动化生产线供电线路、配电设备等核心环节全面 排查，精准排查设备老化、线路过载等高频隐患，核查应急供电设备完好性。针对潜在问题，当场出具 整改清单、讲解注意事项，结合生产排班普及安全用电知识，全力保障企业生产用电稳定，助力抢抓订 单。 同日，该公司双桥供电中心员工黄静梅和同事来到重庆市亚华汽车配件有限责任公司，以"政策宣讲 +现场服务"模式，为企业送政策、解难题、降成本。该公司专注于汽车零部件制造，节后全力提质增 效、新增生产设备，用电需求攀升，2025年7月部署光伏板，"自发自用、余电上网"模式亟需新能源政 策支撑。双桥供电中心提前组建专项团队，建立"一对一"服务机制，确保政策红利直达。 现场，黄静梅一行送达新能源竞价告知书及相关资料，结合企业用电和光伏项目情 ...

（来源：经济日报） 春运大幕下的"流动中国"，电力服务护航绿色畅行。为应对充电高峰，国家电网全面升级充电设施，加 大巡检力度，并通过增加移动式充电车等方式，全力做好新能源汽车充电服务。 新春启新岁，佳节共团圆。从特巡特护的文旅景区到车流不息的高速服务区，从偏远海岛的值班室到灯 火通明的城市变电站，国家电网员工坚守岗位，以"在岗"代替"团圆"，用"坚守"诠释"担当"，守护着城 乡电网的平稳运行，点亮了节日的温暖、社会的脉动与发展的信心。 春节期间，国家电网安排投入2.2万支应急队伍、4.7万辆抢修车辆，部署应急发电机1.7万台，针对关键 场所开展常态化巡检，统筹全网资源优化调度，以可靠电力供应点亮万家灯火。 重大工程建设不停步，作为国家"八纵八横"高速铁路沿海通道重要组成部分，漳汕高铁诏安段春节持续 施工，国网诏安县供电公司全流程跟进保障，制定专项保电方案，安排运维人员分班轮岗，对施工区域 设备线路开展常态化巡检，备足抢修物资与应急设备，以电力服务不打烊护航高铁建设稳步推进。在福 建漳州玉枕岛，国网龙海区供电公司赶在春节前完成第二电源工程合闸送电，让这座以水产养殖为支柱 的海岛实现电力双回路保障，化解岛民多年的 ...

今年冰雪季，国网青海营服中心充分发挥电力"风向标"作用，通过电力数据精准监测分析，全力保障全 省冰雪经济相关产业用电需求，为青海冰雪经济高质量发展注入"电力动能"。 近年来，青海多措并举推动冰雪活动广泛开展，促进冰雪产业深度融合，拉动冰雪产业消费，"冰天雪 地"正在转化为名副其实的"金山银山"。立足冷凉资源省情特征，国网青海营服中心积极运用数据应用 体系，聚焦冰雪经济涉及地区、行业、景区等领域用电量，加强重点监测及服务。数据显示，今年冰雪 季，青海省第三产业用电量表现亮眼，突破24.5亿千瓦时，同比增长8.7%；在"吃、住、行"三方面，行 业用电量同比大幅增长超8.1%。这些增长态势与文旅市场热度高度呼应，既体现出青海冰雪文旅市场 需求激增新行情，也折射出青海"冷资源"持续向"热产业"转变发展新动态。 除滑冰、滑雪等传统冰雪运动火热外，攀冰、雪山徒步等冰雪旅游"新业态"，在今年冰雪季也备受游客 青睐。其中，被称为"人生第一座雪山"的岗什卡雪峰成为"顶流"，景区日均接待游客较去年同期增长超 33.6%，周末单日客流突破7100人次，所在地海北藏族自治州门源回族自治县第三产业用电量同比增长 近18%。同时，冰雪运 ...

恳谈会上，青岛市发展改革委相关人员重点解读了当前电力保供的政策导向与保障机制，强调将持续强 化能源统筹调度，确保工业生产与民生用电稳定。青岛市行政审批服务局相关人员则围绕简化审批流 程、提升服务效率等方面，表示青岛市政府始终致力于营造公平、透明、高效的营商环境，将持续加强 政企交流与专业协同，携手推动全市电力事业与产业发展深度融合、共促提升。 据介绍，"十四五"以来，青岛最高用电负荷、全社会用电量年均增速分别达13.4%、8.9%，以"电力增 量"撬动了"经济跃升"，在经济发展支撑、"四电"服务质效、企业用电成本压降三方面实现全省领先。 国网青岛供电公司实现供电质量、服务品质、客户感知"三个好"：电网投资、"电采暖"服务等多项指标 全省第一，供电可靠率达99.9963%；"四电"服务高效，业扩送电周期压降20%；通过"一网通办""即办 即结"等举措，累计为客户省投资超22亿元、减电费5.93亿元。 参会企业代表们积极互动交流，分享了各自在零碳园区、零碳工厂建设、用电安全管理、节能低碳转 型、绿电直连等方面的实践经验与创新思路。同时，围绕节能增效技术应用、新能源合作开发、电力市 场交易政策解读等方面提出了建设性 ...

Core Viewpoint - The article highlights the transformation of Linfen, a city historically known for coal and coke, into a cultural and tourism hub through the development of the micro-short film industry, supported by stable electricity supply during the critical pre-Spring Festival production period [1][4]. Group 1: Micro-Short Film Industry Development - Linfen has been actively promoting the "micro-short film economy," aiming to attract more tourists by leveraging its historical and architectural beauty [1]. - The local micro-short film industry has produced over 200 series annually, achieving a total online viewership exceeding 4 billion [1]. - The industry has created job opportunities for over 10,000 extras and has positively impacted thousands of local jobs, serving as a vital engine for the city's transformation [1]. Group 2: Importance of Electricity Supply - Electricity is deemed a critical "lifeline" for the creative process, especially during the peak production period before the Spring Festival, as any power interruption could lead to significant project delays and increased costs [3]. - The local power supply department has prioritized the micro-short film production base for electricity reliability, implementing regular safety checks and enhancing supply reliability through a dual power supply system [4]. - The power company has established a dedicated service team to ensure uninterrupted electricity at over 400 popular filming locations, thereby supporting both filming and tourism experiences during the holiday season [5]. Group 3: Future Plans and Commitment - The power company plans to continue enhancing its services to meet the evolving needs of the cultural and tourism industry, ensuring high-quality and reliable electricity supply [5]. - The goal is to use electricity as a medium to promote cultural treasures like the Iron Buddha Temple, integrating modern visual storytelling into the community [5].

Financial Data and Key Metrics Changes - The company achieved GAAP EPS of $3.98 for 2025, including $0.12 of merger-related transaction costs, and adjusted EPS of $4.10, a 5% increase from $3.91 in 2024 [11][12] - Operating and financing expenses increased, with O&M expenses rising by $0.36 per share, primarily due to higher employee costs and unplanned outages [12][13] - The company maintained a healthy balance sheet with a net debt to total capitalization of 55% and FFO to debt of 14%-15%, above the downgrade threshold [14] Business Line Data and Key Metrics Changes - The company successfully executed its regulatory strategy, delivering $0.95 per share of new rates and rider recovery margin, which offset higher operating costs [12] - The data center pipeline was tripled to over 3 gigawatts, with significant demand from large customers like Microsoft and Meta [4][7] Market Data and Key Metrics Changes - The company anticipates delivering 6% year-over-year earnings growth in 2026, driven by ongoing customer growth and increasing data center demand [6][15] - The company is actively pursuing additional data center pipeline demand that would contribute upside to earnings over time [16] Company Strategy and Development Direction - The company is committed to a customer-centric strategy, focusing on innovative investments and regulatory progress [6][9] - The merger with NorthWestern Energy is expected to create a stronger utility company, enhancing capabilities and growth opportunities [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving financial commitments and maintaining a strong investment-grade credit rating [11] - The company is preparing for a rate review in South Dakota to recover customer-focused investments after holding base rates unchanged for over a decade [24] Other Important Information - The company increased its dividend for the 56th consecutive year in 2025, targeting a payout ratio of 55%-65% [17] - The company completed the 260-mile Ready Wyoming transmission project, enhancing service reliability and cost-effectiveness [20] Q&A Session Summary Question: Proportion of the 3-gigawatt pipeline within the five-year window - Management indicated that 600 MW is expected by 2030, with additional demand anticipated beyond that timeframe [36][37] Question: Filing CPCNs in advance of resource specificity - Management noted the importance of having facts present for CPCN filings and is navigating the process to ensure timely approvals [38][39] Question: Scale of data centers in the pipeline - Management confirmed that Microsoft and Meta are the primary customers, with ongoing negotiations for additional large-scale data centers [41][42] Question: Crusoe Tallgrass project and regulatory filings - Management discussed the unique setup for customer-funded construction to alleviate risks and costs for other customers [49][50] Question: Additional investments for data center customers - Management acknowledged the need for further investment beyond the current plan to accommodate growing demand [58]

Core Viewpoint - The Spring Festival travel rush in 2026 has begun, highlighting the increased pressure on transportation operation guarantees in key areas, with a focus on "Eight Stations and Two Airports" and other critical locations for power supply assurance [1] Group 1: Transportation Hub Power Supply - State Grid Beijing Electric Power Company has developed a special power supply guarantee plan for transportation hubs during the Spring Festival, establishing a dedicated service mechanism for each hub to ensure safe and stable operation of electrical facilities [1] - Beijing Tongzhou Station, located in the city's sub-center, is operational for its first Spring Festival, with staff conducting safety checks on electrical equipment [1] - The integration of automated detection systems with manual inspections at transportation hubs enhances the reliability of power supply management [1] Group 2: Monitoring and Emergency Response - In Fengtai District, which includes major railway hubs like Beijing South Station, the power supply company employs smart monitoring systems for 24/7 oversight of electrical loads, ensuring rapid response to any anomalies [4] - Beijing Chaoyang Station, a key high-speed rail hub, has implemented detailed power supply checks for new facilities as part of its fifth anniversary operational readiness [4] Group 3: Airport Power Supply Assurance - Power supply companies at Beijing Daxing and Capital International Airports have formed specialized teams to conduct thorough inspections of power supply stations and charging facilities, ensuring safety and reliability for travelers [5] - The comprehensive inspection efforts have been completed for the "Eight Stations and Two Airports," with sufficient resources allocated to support safe and smooth travel during the Spring Festival [5]

Core Viewpoint - The article highlights the importance of stable electricity supply for the cultivation of orchids, particularly during the winter season, and emphasizes the efforts made by the local power company to ensure reliable service for agricultural operations [1][2]. Group 1: Electricity Supply and Agricultural Impact - The local power company has been actively checking electricity usage in the orchid cultivation area, which is crucial for maintaining optimal growing conditions during the winter [1]. - The transition from coal-fired heating to electric heating has improved the quality of the orchids, allowing the cultivation of over 100,000 orchids annually [1]. Group 2: Maintenance and Safety Measures - The power company conducts thorough inspections of the electrical systems in the greenhouses to prevent any potential issues that could lead to significant losses [2]. - Staff from the power company provide guidance on winter electricity safety and equipment maintenance to ensure stable and reliable power supply for the greenhouses [2]. Group 3: Future Initiatives - The power company plans to continue monitoring the development of local specialty agriculture and emerging industries, offering proactive services and enhanced power supply reliability [2].

Core Viewpoint - The article highlights the recognition of the Shazi Power Supply Station by the Yan Dequan representative from the Salt Well Village Committee for its efficient service in supporting rural revitalization and ensuring stable electricity supply for collective enterprises [1] Group 1: Service Initiatives - The Shazi Power Supply Station has formed a special service team to provide "full-cycle, zero-wait" electricity guarantees for local collective enterprises during the critical phase of rural revitalization and industrial development [1] - A green channel for electricity expansion and installation has been established, ensuring efficient coordination from work order acceptance, on-site inspection, plan formulation to meter installation and power connection [1] - The station has implemented a "regular inspection + emergency response" mechanism to ensure safe and stable electricity supply for enterprise production, thereby strengthening the power foundation for local specialty industry development [1] Group 2: Community Feedback - Yan Dequan expressed gratitude, stating that the staff of the Shazi Power Supply Station prioritize the needs of the community and provide professional and efficient services to resolve electricity issues, boosting confidence in industrial development [1] - Wang Kai, the head of the Shazi Power Supply Station, emphasized that the recognition is both an honor and a responsibility, committing to continue optimizing electricity service measures to inject stronger momentum into rural revitalization and provide reliable power support for local economic and social development [1]

Group 1 - The core viewpoint of the article highlights the role of stable electricity supply in promoting the development of livestock farming in Kangle County, particularly in Guanbei Village, where the cooperative has significantly increased its livestock numbers and income due to reliable power services [2][4] - Guanbei Village has 42 households engaged in livestock farming, with over 820 cattle and 1,800 sheep, generating an annual income of 3.5 million yuan from the industry [2] - The local power company provides tailored services for farmers, including establishing dedicated power service files to meet the specific electricity needs of livestock operations [2][3] Group 2 - The power company conducts regular inspections and provides on-site guidance to ensure safe and efficient electricity use among farmers, acting as a "power guardian" for the livestock industry [3] - During peak seasons for feed processing, the power company has opened a green channel for capacity expansion, ensuring a stable electricity supply for feed processing operations [3] - The increasing number of livestock farmers in Kangle County is moving towards a more modern and large-scale approach, contributing to rural revitalization efforts [4]