Workflow
Energy Efficiency Programs
icon
Search documents
How Is PPL Empowering Customers Through Energy Efficiency?
ZACKS· 2025-09-02 15:11
Core Insights - PPL Corporation is focused on modernizing the grid to enhance electrification and provide customers with options to reduce energy consumption through energy efficiency programs [1] - The company's energy efficiency initiatives are aligned with its goal of achieving net-zero carbon emissions and operational excellence, benefiting from cost savings and improved grid reliability [1] Energy Efficiency Programs - PPL supports various programs aimed at reducing energy usage and costs, including direct bill assistance and weatherization [2] - In 2024, energy efficiency programs helped customers save over 434,100 megawatt-hours (MWh) of electricity and reduced peak demand by nearly 78 MW [2] - PPL's investment in Electric Energy Efficiency Programs for 2024 was approximately $199.8 million, reflecting a 7.4% increase from the previous year [3] Financial Performance - The Zacks Consensus Estimate indicates a year-over-year EPS growth of 7.69% for 2025 and 8.42% for 2026 [8] - PPL shares have increased by 5.7% over the past three months, while the industry has seen a decline of 1.3% during the same period [9][13] - PPL is trading at a forward 12-month price-to-earnings ratio of 19.02X, which is higher than the industry average of 14.75X [11] Customer Engagement and Satisfaction - By providing programs that save customers money and energy, PPL strengthens customer relationships and enhances satisfaction [5] Industry Context - Other utilities, such as Exelon Corporation and Entergy Corporation, are also implementing energy efficiency programs, contributing to overall industry efforts in managing energy use [6][7]
PSE&G Energy Efficiency Programs Deliver Nearly $720 Million in Annual Utility Bill Savings and Additional $740 Million in Rebate Savings to New Jersey Customers
Prnewswire· 2025-08-04 11:30
Core Insights - PSE&G's energy efficiency programs are significantly benefiting New Jersey customers by saving money and energy, with nearly 465,000 participants saving over $720 million annually on utility bills [1][2][5] - The programs include home energy assessments, rebates for energy-efficient appliances, and support for businesses, leading to substantial energy savings and operational cost reductions [2][3][4] Customer Participation and Savings - Approximately 740 million dollars in rebates have been provided to customers, facilitating energy-saving upgrades [2] - More than 18,500 businesses have implemented around 28,000 projects to enhance operational efficiency and comfort [3] - The Small Business Direct Install program is projected to save over 19 million dollars annually for more than 1,500 small businesses [4] Energy and Environmental Impact - Residential and business customers are expected to save about 2.8 million megawatt-hours of electricity annually, enough to power over 406,000 homes [5] - Natural gas savings are anticipated to exceed 75 million therms per year, contributing to a reduction of approximately 2.1 million metric tons of carbon emissions annually [5] Workforce Development - The Clean Energy Jobs Program has placed over 4,100 individuals in clean energy roles, enhancing the skilled workforce in New Jersey [6] Program Recognition and Awards - PSE&G's energy efficiency programs have received 75 industry awards for excellence in program delivery, workforce development, and marketing [6] Affordability and Future Outlook - PSE&G emphasizes affordability as a priority, recognizing the challenges customers face in managing energy costs [7] - The company is prepared to collaborate with the state to address electricity supply challenges and expand reliable energy sources [9]
SoCalGas' Energy Efficiency Programs Save Customers More Than $95 Million in 2024
Prnewswire· 2025-07-30 13:00
Core Insights - Southern California Gas Co. (SoCalGas) reported that its energy efficiency programs saved customers over $95 million on utility bills in the previous year, with energy savings equivalent to the annual natural gas needs of nearly 125,000 homes [1][2] - The company avoided more than 260,000 metric tons of CO2 emissions, comparable to removing over 56,000 cars from the road for a year [1] - SoCalGas expanded financing options through its Marketplace and GoGreen programs, supporting nearly $67 million in facility and appliance improvements for homes and small businesses [2] Energy Efficiency Programs - SoCalGas administers over 70 customer-facing energy efficiency programs, providing incentives and services to various customer segments including residential, commercial, industrial, agricultural, and public customers [3] - The company engaged more than 2 million customers in 2024 through direct installations, property assessments, and outreach, while educational programs reached over 30,000 students [3] Water Conservation Efforts - SoCalGas' energy efficiency programs also contribute to water conservation, with high-efficiency water devices installed saving over one billion gallons of water in 2024, and an expected total of 11 billion gallons over their lifetime [2] Recognition and Awards - In April 2024, SoCalGas received the ENERGY STAR Partner of the Year Award for the second consecutive year, being the only utility in California to be recognized [4] - The company also received the Organizational Leadership Award from The Climate Registry for its support of California's energy goals [4] Company Overview - SoCalGas is the largest gas distribution utility in the United States, serving over 21 million consumers across approximately 24,000 square miles of Central and Southern California [6] - The company is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company [6]