PETALING JAYA: Several areas in Selangor and Kuala Lumpur are currently experiencing a power outage. This includes several areas in Petaling Jaya and Kuala Lumpur. When contacted, Tenaga Nasional Berhad (TNB) said that detailed information will be shared once they have a full update. Meanwhile, on TNB’s Facebook page, they acknowledged that there is a current power outage. “Our technical team is on-site carrying out repair works to restore the electricity supply. We greatly appreciate your patience and deep ...

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].

Financial Data and Key Metrics Changes - Consolidated earnings per share for Q1 2025 were $0.70, an increase from $0.62 in Q1 2024, attributed to favorable decisions from the CPUC regarding new water and electric rates [7][10] - Consolidated revenues for Q1 increased by $12.7 million compared to the same quarter last year [10] - Net cash provided by operating activities was $45.1 million for the quarter, slightly down from $45.8 million in the same quarter last year [14] Business Line Data and Key Metrics Changes - Golden State Water's earnings were $0.52 per share, up from $0.48 per share in the previous year, primarily due to new water rates [8] - The electric segment's earnings increased to $0.07 per share from $0.05 per share, driven by new electric rates [10] - ASUS earnings remained consistent at $0.13 per share compared to the same period in 2024, despite a decrease in construction activities due to unfavorable weather [24] Market Data and Key Metrics Changes - Revenues for the water segment increased by $11.7 million due to new 2025 water rates [11] - Electric segment revenues rose by $2.8 million, also due to new rates [11] - Revenues from ASUS decreased by $1.8 million, primarily due to lower construction activities impacted by weather conditions [12] Company Strategy and Development Direction - The company plans to invest between $170 million to $210 million in infrastructure investments in 2025 [7] - Golden State Water is transitioning to a modified rate adjustment mechanism, which may introduce future revenue volatility due to changes in water consumption and supply source mix [19][20] - The company anticipates robust growth in its rate base, supported by recent regulatory decisions allowing significant capital investments [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the financial results and the impact of new regulatory decisions on future earnings [6][17] - The company is monitoring the potential for military base privatizations, with expectations of some activity in 2025, although uncertainty remains due to changes in administration [33][34] - Management highlighted the importance of maintaining strong credit ratings and liquidity to support ongoing investments [16] Other Important Information - The company raised $25.8 million through its at-the-market offering program in Q1 2025 [15] - The Board of Directors approved a second-quarter cash dividend, continuing a trend of increasing dividends at a CAGR of 8.8% over the last five years [26] Q&A Session Summary Question: Equity raised via ATM and full-year expectations - Management confirmed a target of raising approximately $60 million over the full year 2025, with reassessment based on credit facility capacity [28][29] Question: Update on military base privatization efforts - Management indicated no current privatizations are expected in 2025, but the Army may initiate one or two later in the year, with ongoing assessments of the situation [32][33] Question: Nature of nontraditional contracts - Management explained that nontraditional contracts, such as fifteen-year agreements, may be easier for bases to manage compared to fifty-year contracts, and they are pursuing such opportunities [41][42]

西班牙电网运营商Red Eléctrica表示，在北部、南部和西部地区恢复供电。 ...