Growth DriversThe primary drivers of the year-over-year increase are electric rate base growth, favorable weather conditions, lower minor storm costs, and increased tax-related activity at the Parent company.
Operational ProfileES boasts a unique profile within the sector with its largely decoupled, pure-play electric, gas, and water transmission and distribution operations.
ValuationES screens as the cheapest large cap name in the electric coverage universe, trading at a 25% discount compared to its peers.