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We're also seeing margins above the long-term averages we use in our forecast, and above the enhanced margins we disclosed in February. This performance flowed through our quarterly results and contributed to our improved outlook for the year, which I'll discuss in a few minutes.
Compared to last year, we benefited from the nuclear PTC. more nuclear output combined with lower costs and refueling outages and contribution from our ownership share in the South Texas project that closed last fall.
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Transcript
2024 Q2
12 Sep 24
First, and behind the meter, configuration, the data center customer, not other customers, pay for the infrastructure needed to connect to the power plant.
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Transcript
2024 Q2
9 Sep 24
Second, co-locating a data center with the power plant is just more efficient, and it is faster, which can, I think the complaining utilities have acknowledged telling the FERC, "significant new load can be served without having to expend resources on expensive system upgrades." That's from their filing. At a time when RTOs are struggling to integrate new resources faster and time is of the essence, this benefit is a big deal.
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Transcript
2024 Q2
9 Sep 24
We're continuing to do well in our discussions and negotiations with data center companies. The simple fact is that data centers are coming and they're essential to America's national security and economic competitiveness. We've heard this from a variety of policy bankers, a number of nations including China, are buying for AI supremacy.
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2024 Q2
9 Sep 24
First, by providing sustainability products to customers that expressly lead reliability to sustainability by time matching clean energy production to when our customers use energy. And second, by investments in relicensing and upgrading the clean energy centers that will reliably and sustainably power American families and businesses for decades to come.
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Transcript
2024 Q2
9 Sep 24
The demand for electricity is growing and supply and demand fundamentals are tightening. We foreshadowed all of this in our lengthy 2023 Q4 call when we walked through the market fundamentals in considerable detail.
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Transcript
2024 Q2
9 Sep 24
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