Regulated Utilities: AGA Conference – Key Sector & Company Questions

Research evidence excerpt

Regulated Utilities: AGA Conference – Key Sector & Company Questions

Foundation

May 15, 2026 06:04 AM GMT

Morgan Stanley & Co. LLCMRegulated Utilities | North America David Arcaro, CFA

Equity Analyst

AGA Conference – Key Sector & David.Arcaro@morganstanley.comAlexandre Zimmermann +1 212 761-1817

Research Associate

Alexandre.Zimmermann@morganstanley.com +1 212 761-3617

Company Questions Zhizhong Dong

Jonathan.Dong@morganstanley.com +1 212 761-5632

In preparation for the AGA Financial Forum, we have compiled a Amanda Huang

list of questions for companies and the sector overall. ResearchAmanda.Huang@morganstanley.comAssociate +1 212 761-4197

Jeremy Herring

1. Load Growth - How much load growth are you seeing in your service Research Associate

territories? How can the industry ensure that load forecasts are accurate? Jeremy.Herring@morganstanley.com +1 212 761-4182

What are the milestones you are watching for to include new large loads in Regulated Utilities

your plan? North America

Industry View In-Line

2. Large Load interconnection - Describe the process and time to connect

large loads? How much spare transmission capacity is there? What are the

bottlenecks in the interconnection process, and when do these become

critical?

3. Customer Affordability - What are solutions to balance customer

affordability while also meeting oncoming load? What are proposed

methods to help with customer bill pressures? What do you expect in terms

of customer bill evolution in the near and medium term? How much of an

issue is affordability in your territory?

4. Growth Opportunities - Will utilities continue to boost long-term capex

plans to support elevated rate base growth?

5. Supply Chain - What are the main supply chain challenges you currently see