Strong Start to Fiscal Year 2025
Reported first quarter GAAP earnings of $0.56 per share, and adjusted ongoing earnings of $0.60 per share, an 11% increase over the previous year's ongoing earnings of $0.54 per share.
Infrastructure and Capital Investment
On track to complete over $4 billion in infrastructure improvements in 2025, with a projected $20 billion in capital investment from 2025 to 2028, resulting in an average annual rate base growth of 9.8%.
Operational and Regulatory Approvals
Received regulatory approval for infrastructure investments worth nearly $400 million in Rhode Island, including $220 million for electric and $145 million for gas capital investments.
Data Center Development
Nearly 11 gigawatts of data center projects in advanced planning stages in Pennsylvania, with potential capital investment between $700 million to $850 million.
Financial Flexibility and Credit Metrics
Maintained a strong balance sheet with a $2 billion ATM program for financing. Issued about $170 million of equity year-to-date.