The Wells Fargo Daily Transmission: CPX, VST, SWX, CMS, CT/ES, AVA, NWN, POR, IDA, OGE, OH/AEP/FE/DCs, PCG, ERCOT

Research evidence excerpt

The Wells Fargo Daily Transmission: CPX, VST, SWX, CMS, CT/ES, AVA, NWN, POR, IDA, OGE, OH/AEP/FE/DCs, PCG, ERCOT

Equity Research

Industry Update — June 11, 2026

Utilities and Power

The Wells Fargo Daily Transmission: CPX,

VST, SWX, CMS, CT/ES, AVA, NWN, POR, IDA,

OGE, OH/AEP/FE/DCs, PCG, ERCOT

Here is what we are highlighting in today's key news items from the Wells Utility/

Shahriar (Shar) Pourreza, CFAPower Team... We would point investors to VST, CPX, SWX, ES as we find them the

most pertinent from a stock perspective: Equity Analyst | Wells Fargo Securities, LLC Shahriar.Pourreza@wellsfargo.com | 212-214-5422

CPX /Alberta — Government Releases Data Center Regulations Constantine Lednev

Equity Analyst | Wells Fargo Securities, LLC

VST – VST joins private equity and NVDA in Helix Digital Infrastructure venture Constantine.Lednev@wellsfargo.com | 212-214-5438

Alexander CalvertSWX/AZ – Approval of System Integrity Mechanism Surcharge Rate in Arizona

Associate Equity Analyst | Wells Fargo Securities, LLC

CMS – ALJ Recommends Rejecting Consumers’ Proposed River Hydro Sale to Alexander.J.Calvert@wellsfargo.com | 212-214-5434

Confluence Whitney Mutalemwa

CT/ES - Lamont Campaign Proposes Utility Reform Package Targeting Affordability Whitney.Mutalemwa@wellsfargo.com | 212-214-6428

Anders MyhreAVA – Spokane introduces one-year data-center moratorium

NWN – Parties file post-hearing briefs supporting settlement, dispute limited to key Anders.S.Myhre@wellsfargo.com | 212-214-6409

financial inputs Andrew Kadavy

POR – Oregon PUC delays PGE data-center tariff implementation to July Andrew.Kadavy@wellsfargo.com | 212-214-5485

Marcella PetiprinIDA – Pocatello denies $2.6B AI data center; developer appeals decision