Surging load growth dominated the second-quarter earnings calls of most utilities and energy resource developers, as incumbents and startups sought to ease investor concerns about tax law and tariff changes that could pose significant industry challenges.
But under the bravado, there was a “bubbling unease” around rate affordability, said John Miller, an analyst at TD Cowen.
“There are challenges across the board, right? What does that look like?” Miller said. “That looks like higher prices, certainly, in the short term. That has some political implications.”
Read more on how the utility industry is responding to current pressures in Utility Dive’s Q2 earnings coverage below.
