Strong Financial Performance
Third quarter operating earnings were $1.06 per share, with positive contributions from regulated investment growth, increased sales, DESC rate case settlement, and higher margins at Contracted Energy. GAAP results were $1.16 per share.
Coastal Virginia Offshore Wind (CVOW) Project Progress
The CVOW project is 2/3 complete with significant milestones achieved, including 100% monopile installation. The project is expected to deliver first power in late first quarter of 2026.
Data Center Demand Growth
Data center demand increased significantly with approximately 47 gigawatts in various stages of contracting, representing a 17% increase from December 2024.
Safety Performance
OSHA recordable rate was 0.28%, continuing a positive trend over the past three years.