EIX Q2 earnings surge 58.8% and beat estimates by 51%, while revenues decline and miss expectations.
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The Trump administration just went all-in on nuclear energy, committing this week to lend $17.5 billion to companies that build new reactors. Duke Energy which operates more nuclear reactors than any other regulated utility, has no current plans to build more, CFO Brian Savoy said at a Reuters Global Energy Forum on Tuesday. “The potential risks actually with launching a new nuclear project today outweigh the investor benefits,” he said.
Consolidated Edison posted steady but slower gains. However, broader markets are outpacing it amid mixed performance and returns.