Strong Second Quarter Financial Performance
Second quarter operating earnings were $0.75 per share, including $0.02 from RNG 45Z credits and $0.01 from better-than-normal weather. GAAP results were $0.88 per share. Financial guidance for 2025 operating EPS remains between $3.28 and $3.52.
Progress on Coastal Virginia Offshore Wind (CVOW) Project
The project is 60% complete and on schedule for full completion by the end of 2026. 76% of monopiles and 100% of penpiles have been installed. The project is expected to deliver nearly 3 GW of electricity.
High Sales Driven by Data Center Expansion
Strong sales in service areas, driven by data center expansion and economic growth, with 9 of the top 10 all-time peak days in Virginia occurring this year.
Regulatory Successes in South Carolina
Legislation passed to address future generation needs, including new joint gas resource development and permitting reform.
Employee Safety Improvements
Employee OSHA injury recordable rate for the first half of the year was 0.28, reflecting continued positive safety trends.