Core Points - We Energies has received the 2025 ReliabilityOne® Award for exceptional reliability performance in the Upper Midwest, based on its performance in 2024 [1][4] - The award recognizes utilities that excel in providing reliable electric service to customers, with We Energies being highlighted for its commitment to reliability and service excellence [1][4] Company Investments and Improvements - We Energies has invested in upgrading its grid to enhance performance and recovery from storms, including modernizing aging systems and burying hundreds of miles of power lines [3] - The company has implemented high-tech equipment to minimize the impact of power outages and has undertaken extensive tree trimming and removal along thousands of miles of power lines [3] - These investments aim to modernize delivery systems, reduce operating costs, and improve energy efficiency [3] Award Selection Process - The ReliabilityOne® Award is open to all utilities operating electric delivery networks in North America, with selection based on system reliability statistics measuring the frequency and duration of customer outages [5][6] - Companies undergo a rigorous certification process that includes independent reviews of their reliability reporting processes [6] Company Overview - We Energies serves over 1.1 million electric and natural gas customers in Wisconsin and is a subsidiary of WEC Energy Group Inc. [7]

Core Insights - ComEd has been ranked number one in the U.S. for providing reliable electric service, with significant improvements in outage frequency and duration [1][2] - Since 2012, ComEd has enhanced overall reliability by over 57%, preventing nearly 24.7 million customer interruptions and saving more than $4.3 billion in outage-related costs [2] Group 1: Reliability Metrics - ComEd's outage frequency has improved by more than 50% compared to 2012 and earlier [1] - The duration of outages has decreased by approximately 20% over the same period, resulting in shorter service interruptions for customers [1] Group 2: Company Background - ComEd is a subsidiary of Exelon Corporation, serving over 10.5 million electricity and natural gas customers, making it the largest utility in the U.S. [4] - ComEd provides power to more than 4.2 million customers in northern Illinois, representing 70% of the state's population [4] Group 3: Investment and Strategy - The improvements in reliability are attributed to targeted investments aimed at addressing challenges such as extreme weather, increasing load demands, and cybersecurity [2] - ComEd's ongoing commitment to enhancing grid reliability is reflected in its strategic initiatives to meet the growing electrification needs of its customers [2]

Financial Performance - Consolidated Edison reported a net income of $688 million or $1.91 per share for Q3 2025, an increase from $588 million or $1.70 per share in Q3 2024, representing a 17% increase in net income [1][11] - For the first nine months of 2025, net income was $1,726 million or $4.84 per share, compared to $1,510 million or $4.37 per share in the same period of 2024, marking a 14% increase [2][11] - Adjusted earnings for Q3 2025 were $686 million or $1.90 per share, up from $583 million or $1.68 per share in Q3 2024 [1][11] Strategic Initiatives - The company has reached a Joint Settlement Agreement on a three-year investment plan aimed at funding critical infrastructure investments while maintaining affordability and reliability [3] - Con Edison plans to complete the construction of 14 new substations and implement upgrades and storm resiliency measures by 2030 to support growing energy demands [3] Future Outlook - The company expects adjusted earnings per share for 2025 to be in the range of $5.60 to $5.70, slightly up from the previous forecast of $5.50 to $5.70 [3] - Adjusted earnings per share exclude specific impacts such as the basis difference of Con Edison's equity investment in Mountain Valley Pipeline and other strategic evaluations [3][8]

Core Insights - Avista Corp. reported a significant increase in third quarter net income to $0.36 per diluted share in 2025, up from $0.23 per diluted share in Q3 2024, driven by strong operational execution and customer load growth [1][4] - Year-to-date net income also rose to $1.51 per diluted share, compared to $1.44 per diluted share for the same period last year, indicating overall positive financial performance [1][4] Financial Performance - Third quarter net income by segments: Avista Utilities reported $30 million in net income for Q3 2025, up from $20 million in Q3 2024, while AEL&P remained stable with no reported income [1][3] - Year-to-date net income for Avista Utilities increased to $131 million in 2025 from $111 million in 2024, while AEL&P's year-to-date income decreased slightly from $5 million to $4 million [1][3] - Total earnings per diluted share for the third quarter were $0.36 in 2025, compared to $0.23 in 2024, and year-to-date earnings per diluted share increased from $1.44 to $1.51 [1][3] Operational Highlights - The increase in electric utility margin was attributed to general rate cases, customer growth, and non-decoupled load growth, with a pre-tax expense of $13 million from the Energy Recovery Mechanism (ERM) in 2025 [6] - Natural gas utility margin also saw an increase due to general rate cases and customer growth [6] - Other operating expenses rose due to increased employee salaries, benefits costs, and thermal generation costs, with net amortizations related to wildfire mitigation contributing to the increase [7] Liquidity and Capital Resources - As of September 30, 2025, Avista Corp. had $210 million in available liquidity under its committed line of credit and $43 million under its letter of credit facility [10] - In July 2025, the company issued $120 million in long-term debt to repay borrowings, and AEL&P entered a $20 million term loan for capital expenditures [11] Capital Expenditures - Avista Utilities' capital expenditures for the first three quarters of 2025 totaled $363 million, with expectations of $3.7 billion in base capital expenditures through 2030 [13][14] - AEL&P's capital expenditures are projected at $19 million in 2025, decreasing in subsequent years [15] Earnings Guidance - Avista Corp. confirmed its 2025 consolidated earnings guidance in the range of $2.52 to $2.72 per diluted share, with expectations to be at the lower end due to losses in other businesses [16][17] - Avista Utilities is expected to contribute towards the upper end of its earnings range due to strong performance from cost management and regulatory outcomes [17]

SUPPLEMENTAL SLIDES 3Q 2025 RESULTS October 29, 2025 LEGAL DISCLAIMER Forward-Looking Statements This presentation contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one ...

Core Points - Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) have reached an agreement to adjust base rates to support system enhancements and hardening projects against severe storms and increased energy needs [1][2][10] - The agreement is filed with the Kentucky Public Service Commission (KPSC) for approval, with new rates expected to take effect no earlier than January 1, 2026 [2][3] System Hardening and Resiliency - The utilities are implementing a data-driven strategy to enhance system resilience, including stronger wires and poles, and real-time monitoring technologies [4] - Recent improvements have led to a 40% reduction in power outage frequency and a 30% decrease in outage duration [4] Upgrading Aging Infrastructure - A significant portion of the utilities' wooden transmission poles are over 60 years old and require replacement with steel structures [6] - Some equipment in the substations is nearly 100 years old, posing risks to reliability [5][6] Technology Enhancements - LG&E and KU are investing in advanced meter technology and upgrading IT systems to improve customer billing and cybersecurity [7] New Customer Options - The utilities propose to waive the $1.95 transaction fee for cash payments at third-party locations and introduce a pre-pay program for residential customers [8] - A new rate, Extremely High Load Factor Service, is proposed for large power users, ensuring they pay for their fair share without shifting costs to other customers [9] Financial Implications - Under the agreement, LG&E will receive a $58 million increase for electric service and $45 million for natural gas service, while KU will receive a $132 million increase for electric service [10] - Average monthly bill increases for residential customers are projected at $9 for KU, $5.04 for LG&E electric, and $8.10 for LG&E gas [11] Customer Support Programs - LG&E and KU offer various programs to help customers manage bills, including energy efficiency programs and financial assistance for vulnerable customers [12] Regulatory Agreement Details - The agreement includes a commitment not to increase base rates until at least August 1, 2028, and introduces mechanisms for cost recovery and revenue adjustments [13]

Core Points - Avista Corp. will hold its quarterly conference call to discuss third quarter 2025 results on November 5, 2025, at 10:30 a.m. Eastern Standard Time [1] - A news release with earnings information will be issued at 7:05 a.m. Eastern Standard Time on the same day [1] Company Overview - Avista Corp. is an energy company engaged in the production, transmission, and distribution of energy, along with other energy-related businesses [3] - Avista Utilities, a division of Avista, provides electric service to 422,000 customers and natural gas to 383,000 customers across a service territory of 30,000 square miles in eastern Washington, northern Idaho, and parts of southern and eastern Oregon, serving a population of 1.7 million [3] - The Alaska Energy and Resources Company, a subsidiary of Avista, provides retail electric service to 18,000 customers in Juneau, Alaska [3] - Avista's stock is traded under the ticker symbol "AVA" [3]

Core Points - Consolidated Edison, Inc. will host a webcast for an investor presentation titled "Delivering Reliable and Resilient Energy for the Future" on October 7, 2025, from 8:30 a.m. to 10 a.m. Eastern Time [1][4] - The presentation will include a question-and-answer session and will feature senior leadership from the company [2][6] Company Overview - Consolidated Edison, Inc. is a holding company that provides a variety of energy-related products and services through its subsidiaries, including Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc. [2] - CECONY is a regulated utility that offers electric service in New York City and Westchester County, gas service in parts of Manhattan, the Bronx, Queens, and Westchester, and steam service in Manhattan [2] - O&R serves customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey [2] - Con Edison Transmission, Inc. focuses on developing and investing in electric transmission projects and owns electric and gas assets through joint ventures [2] Financial Performance - Consolidated Edison, Inc. reported a net income of $246 million for the second quarter of 2025, translating to earnings of $0.68 per share [7]

Core Points - The Long Island Power Authority (LIPA) Board of Trustees has awarded PSEG Long Island a five-year extension of its contract to operate the electric grid on Long Island and in the Rockaways, continuing a partnership that has lasted for 12 years [1][2] - The new operations services agreement will commence on January 1, 2026, and will run through December 31, 2030 [2] - PSEG Long Island has been recognized as the No. 1 overhead electric service provider in New York State in terms of reliability and customer satisfaction since it began operations in 2014 [3] Performance Metrics - PSEG Long Island has achieved a 35% reduction in the frequency of outages (SAIFI), a 21% reduction in the duration of outages (SAIDI), and a 63% reduction in the frequency of momentary outages (MAIFI) [7] - The company has improved workforce safety by over 75%, as measured by the OSHA Recordable Incident Rate [7] - PSEG Long Island has maintained the lowest Department of Public Service (DPS) complaint rate for electric and combined utilities in New York State for nine out of the last eleven years [7] - The company has been recognized as the most improved in J.D. Power Residential and Business Customer Satisfaction scores nationally [7] - PSEG Long Island has implemented the lowest rate increases for customers compared to regional peers [7] Company Overview - Public Service Enterprise Group (PSEG) is a predominantly regulated infrastructure company focused on a clean energy future and has been included in the Dow Jones Sustainability North America Index for 17 consecutive years [5] - PSEG aims to power a future where energy usage is reduced, cleaner, safer, and delivered more reliably [5] - PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power, and PSEG Long Island [5]

Core Insights - Duke Energy has selected three properties in Southwest Ohio and Northern Kentucky for its 2025 Site Readiness Program, aimed at preparing high-potential business and industrial sites for economic development investments [1][4]. Group 1: Economic Impact - Since 2010, Duke Energy's Site Readiness Program has evaluated 42 sites in Ohio and Kentucky, resulting in 20 companies committing to grow on these sites, which collectively bring over $2 billion in capital investments and 5,400 new jobs to the region [2][6]. - In 2024 alone, Duke Energy facilitated the recruitment of $548 million in new capital investment and over 1,000 jobs across Ohio and Kentucky [4]. Group 2: Program Details - The Site Readiness Program helps communities enhance their competitiveness for economic development, leading to new jobs and a broader tax base [3]. - Duke Energy collaborates with the Site Selection Group, Bayer Becker, REDI Cincinnati, BE NKY Growth Partnership, and local governments to implement the program [3]. Group 3: Selected Properties - The three properties selected for the 2025 program include: 1. Frick Family Farms in Monroe, Ohio (Butler County) 2. Union Ren Farms in Middletown, Ohio (Warren County) 3. Commonwealth Commerce Center in Northern Kentucky (Pendleton County) [4]. Group 4: Recognition - Duke Energy has been recognized for 21 consecutive years by Site Selection magazine as one of the "Top Utilities in Economic Development" [4].