Increased Earnings Per Share
Earnings per share for the second quarter were $0.76, a $0.09 increase from the same period last year. Year-to-date EPS was $1.76, reflecting a $0.16 increase over the same period last year.
Significant Capital Investments
Capital expenditures of almost $3 billion were made during the first half of the year, with investments in various projects including a 200-megawatt energy storage system.
Reduction in Greenhouse Gas Emissions
Achieved a 34% reduction in Scope 1 greenhouse gas emissions compared to 2019 levels, contributing to sustainability goals.
Progress on Regulatory Front
Tucson Electric Power filed its general rate application and Central Hudson reached a multiyear rate settlement agreement.
Dividend Growth Commitment
Committed to annual dividend growth guidance of 4% to 6% through 2029.
Data Center Development in Arizona
TEP reached an agreement with a data center customer to serve a demand of approximately 300 megawatts, with plans for further expansion.