FE · FirstEnergy Q2 FY2026 earnings call record财报电话会记录

“We are reaffirming our 2026 $6 billion capital investment plan and our Core EPS guidance range of $2.62 per share to $2.82.”

“We are also reaffirming our $36 billion five-year capital investment plan and our Core EPS growth near the top end of 6%-8% through 2030, with meaningful upside opportunities that I'll describe later.”

“Across our system, total forecasted data center demand has increased 30% since the first quarter to approximately 25 gigawatts.”

“For perspective, our contracted and pipelined demand now represents approximately 70% of our July system peak load of 34.8 gigawatts.”

“Today, we have 4.3 gigawatts of contracted and pipelined data center demand in West Virginia, and we expect that to increase by the end of the year.”

“We remain focused on making investments to enhance reliability and deliver long-term value for our customers and communities as they have demanded and we have committed.”

“We are committed to supporting the needs of the state and our customers and are excited about the incremental investments.”

“Turning quickly to demand, total customer load increased approximately 2% in the quarter on a weather-adjusted basis, with industrial load increasing over 4%, with growth across most sectors, but especially in metals, oil and gas, and chemicals, reflecting strengthening order activity and tailwinds from the AI and data center infrastructure build-outs.”

“If someone wants to add, say, a gigawatt of capacity, we have the opportunity for people early in the queue to add maybe 100 or 200 megawatts in the near term, then the opportunity to build into the remaining 9 or 800 megawatts that we have.”

“That's new CapEx that's not in the current $36 billion plan.”

“We are spending 66% of our CapEx this year, is under the LTIP with DISC recovery for that.”

“I think when we talk about layering in additional CapEx, we were targeting maybe 30%-40% of incremental equity on incremental CapEx.”