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Performance was driven by solid execution across regulated jurisdictions, with adjusted EPS growing 16% in the first half of the year despite weather being 25% warmer than normal.
Management attributed the strong results to approximately $16 million in new revenue from rate updates and significant benefits from Texas House Bill 4384, which allows for the deferral of depreciation and ad-valorem taxes.
Strategic positioning is focused on maintaining customer affordability, keeping average bills flat year-over-year while investing in system integrity and growth.
The company is seeing a broadening opportunity to serve large load customers, specifically driven by rising demand for gas-fired generation, data centers, and advanced manufacturing.
#House
Performance was driven by solid execution across regulated jurisdictions, with adjusted EPS growing 16% in the first half of the year despite weather being 25% warmer than normal.
Management attributed the strong results to approximately $16 million in new revenue from rate updates and significant benefits from Texas House Bill 4384, which allows for the deferral of depreciation and ad-valorem taxes.
Strategic positioning is focused on maintaining customer affordability, keeping average bills flat year-over-year while investing in system integrity and growth.
The company is seeing a broadening opportunity to serve large load customers, specifically driven by rising demand for gas-fired generation, data centers, and advanced manufacturing.
#House
3 months ago
