Accessibility StatementSkip Navigation CON EDISON TO WEBCAST INVESTOR PRESENTATION 'Delivering Reliable and Resilient Energy for the Future' ON OCTOBER 7, 2025 NEW YORK, Oct. 1, 2025 /PRNewswire/ -- Consolidated Edison, Inc. (NYSE: ED) will webcast an investor presentation, Delivering Reliable and Resilient Energy for the Future, from 8:30 a.m. to 10 a.m. Eastern Time on Tuesday, October 7, 2025. The presentation will be followed by a question-and-answer session. The live webcast and replay will be availabl ...

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].

Group 1 - Consolidated Edison, Inc. will host 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] - The corporate leadership team, led by Tim Cawley, will discuss the company's strategy to support New York State's clean energy goals while ensuring a safe and reliable grid [2] - The presentation will include a question-and-answer session, with additional details and a link to the live webcast to be provided before the event [3] Group 2 - Consolidated Edison, Inc. operates through subsidiaries including Consolidated Edison Company of New York, Inc., which provides electric, gas, and steam services in New York City and surrounding areas [4] - Orange and Rockland Utilities, Inc. serves customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey [4] - Con Edison Transmission, Inc. focuses on developing and investing in electric transmission projects and owns electric and gas assets through joint ventures [4]

Core Viewpoint - MDU Resources is focusing on its regulated energy delivery business following the spinoff of Knife River and Everus Construction, with long-term capital investments aimed at improving service reliability and expanding its customer base [1][2] Group 1: Growth Opportunities - MDU Resources anticipates long-term earnings per share (EPS) growth of 6-8% and expects to see 1-2% annual customer growth in its electric and natural gas segments through 2026 [2][8] - The company plans to invest approximately $3.1 billion in regulated capital expenditures from 2025 to 2029 to enhance service reliability and accommodate a growing customer base [3][8] - MDU has signed electric service agreements for 580 megawatts (MW) of data center load, with 180 MW currently online and additional capacity expected to come online in the coming years [4][8] Group 2: Challenges - A significant portion of MDU's natural gas pipelines and transmission facilities is aging, which poses risks of equipment failure, pipeline leaks, and power line fires, potentially impacting operational results [5] - The company's operations are highly seasonal, leading to significant fluctuations in revenues and expenses across quarterly periods [6] Group 3: Stock Performance - Over the past month, MDU's shares have decreased by 7.1%, contrasting with a 1.4% growth in the industry [7]

Core Insights - A major reliability project is being implemented in Adams County, Pennsylvania, aimed at enhancing electric service for nearly 2,300 residents and businesses, including key facilities like Hanover Hospital and WellSpan Health [1][2]. Project Details - The East Germantown-Germantown Reliability Project, led by Mid-Atlantic Interstate Transmission (MAIT), a subsidiary of FirstEnergy, includes the construction of a new substation and a 115-kilovolt (kV) transmission line to improve service reliability and support future growth in the area served by FirstEnergy Pennsylvania Electric Company (Met-Ed) [3]. - The new East Germantown Substation is expected to be built and energized by the end of March 2026, connecting to the existing Germantown Substation via a newly constructed high voltage power line [4]. - Upon completion, the project will provide an additional electricity source, enhance operational flexibility, and expand switching capabilities, allowing for quicker restoration during outages [5]. Importance of the Project - The project aims to strengthen the grid to better handle peak loads and reduce the frequency and duration of outages, particularly during high demand periods such as heat waves or storms [6]. - The upgrades will function similarly to a backup generator for the community, designed to accommodate future growth as more homes and businesses are established [6]. Environmental Considerations - The transmission line route has been carefully studied to minimize impacts on environmentally sensitive areas and local communities, with vegetation restoration and environmental work continuing into 2026 [7]. Broader Investment Strategy - This project is part of Energize365, FirstEnergy's $28 billion investment program aimed at modernizing the electric grid from 2025 to 2029, focusing on creating a smarter and more secure grid to meet current and future customer needs [8]. - Met-Ed serves approximately 592,000 customers across 3,300 square miles in eastern and southeastern Pennsylvania [8]. Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving customers in multiple states and managing approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [9].

Core Insights - FirstEnergy Pennsylvania Electric Company (FE PA), operating as West Penn Power, has completed significant upgrades to its power grid, enhancing reliability and resilience for approximately 2,300 customers in Unity and Hempfield townships [1][2][4]. Investment and Infrastructure - The upgrades are part of a $368 million investment under the Long Term Infrastructure Improvement Plan (LTIIP) III, aimed at improving electric system reliability in West Penn Power's service area [7]. - This initiative is part of FirstEnergy's broader $28 billion investment program, Energize365, which focuses on modernizing the electric grid from 2025 to 2029 [7]. Technical Enhancements - A one-mile section of the grid has been upgraded with larger wires, new utility poles, crossarms, and transformers, which will help reduce outages and support local growth [3][9]. - The project also includes tree trimming to minimize outage risks and the installation of a manual switch to facilitate quicker repairs [9]. Community Impact - Residents in several housing developments, including Jamell Acres and Timbercrest, will benefit from the upgrades, which also support around 1,500 customers in the West Point and Eastgate areas of Hempfield Township [4][8].

Core Viewpoint - MDU Resources has announced a 7.7% increase in its quarterly dividend rate, raising it to 14 cents per share, reflecting the company's commitment to providing reliable long-term value to its investors [1][11]. Dividend Increase - The new annualized dividend is now 56 cents per share, up from 52 cents, with a current dividend yield of 3.16%, significantly higher than the Zacks S&P 500 composite average of 1.15% [2][11]. Historical Performance - MDU Resources has maintained uninterrupted dividend payments for 87 years, showcasing its reliability and dedication to shareholder returns [3][11]. Growth Prospects - The company anticipates long-term earnings per share growth of 6-8% and expects to see 1-2% customer growth annually in its electric and natural gas segments through 2026 [4][5]. Capital Expenditures - MDU Resources plans to invest $3.06 billion from 2025 to 2029 to enhance the reliability of its services and accommodate a growing customer base [5]. Data Center Opportunities - MDU has secured electric service agreements for 580 megawatts (MW) of data center load, with 180 MW currently online and an additional 100 MW expected to come online later this year [6]. Industry Context - The utility sector is characterized by stable operations and earnings, allowing companies like MDU to reward shareholders with regular dividends. Other companies in the sector, such as Chesapeake Utilities, The Southern Company, and PPL Corporation, have also recently increased their dividend rates [7].

Core Viewpoint - August 11 is recognized as National Safe Digging Day, emphasizing the importance of calling 811 before any excavation to prevent damage to underground utility lines [1][10]. Group 1: Importance of Calling 811 - The initiative encourages contractors, homeowners, and business owners to call 811 at least three business days prior to any digging project [3][5]. - Local utilities will mark underground lines with stakes, flags, or paint to prevent accidental damage [3][5]. Group 2: Damage Statistics - Duke Energy reported over 5,000 damages to underground electric and natural gas lines from January to June 2025 across its service territories [11]. - Specifically, there were about 290 damages to underground natural gas facilities and 89 damages to the underground electric network in Ohio and Kentucky [11]. - In 2024, Duke Energy recorded more than 8,870 damages to natural gas and electric lines [11]. Group 3: Company Overview - Duke Energy Ohio/Kentucky serves 920,000 customers in a 3,000-square-mile area for electric service and 560,000 customers for natural gas in Ohio and Kentucky [7]. - Duke Energy, a Fortune 150 company, serves 8.6 million customers across multiple states and has a total energy capacity of 55,100 megawatts [8].

Financial Performance - Consolidated Edison reported a net income of $246 million or $0.68 per share for Q2 2025, an increase from $202 million or $0.58 per share in Q2 2024 [1] - For the first half of 2025, net income reached $1,038 million or $2.93 per share, compared to $922 million or $2.67 per share in the same period of 2024 [2] - Adjusted earnings for Q2 2025 were $240 million or $0.67 per share, up from $203 million or $0.59 per share in Q2 2024 [1] - Adjusted earnings for the first six months of 2025 were $1,032 million or $2.91 per share, compared to $945 million or $2.73 per share in the first half of 2024 [2] Strategic Initiatives - The company is focused on disciplined investments in infrastructure to enhance reliability and resilience against extreme weather [3] - Con Edison secured approval to invest $440 million in five key projects aimed at advancing building and transportation electrification, indicating strong regulatory support [3] - The company reaffirmed its adjusted earnings per share guidance for 2025 to be in the range of $5.50 to $5.70 [3] Project Developments - Major transmission projects in Brooklyn and Staten Island have been completed, contributing to long-term reliability for customers [3] - The company continues to execute complex energy projects that benefit both customers and shareholders [3] Regulatory Environment - The company benefits from regulatory support for its strategy and the state's clean energy goals, as evidenced by the approval of significant investments [3]