The Wells Fargo Daily Transmission: ES/UTL, TLN, NRG, SRE, ETR, OGE, Nuclear/NY, OH, AEP/TX, GA, AEE, AQN, DTE, EIX, HTO

Research evidence excerpt

The Wells Fargo Daily Transmission: ES/UTL, TLN, NRG, SRE, ETR, OGE, Nuclear/NY, OH, AEP/TX, GA, AEE, AQN, DTE, EIX, HTO

Equity Research

Industry Update — June 16, 2026

Utilities and Power

The Wells Fargo Daily Transmission: ES/UTL,

TLN, NRG, SRE, ETR, OGE, Nuclear/NY, OH,

AEP/TX, GA, AEE, AQN, DTE, EIX, HTO

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 ES and AEE as we find them the most

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

ES/UTL – No Appeals Filed to Aquarion Docket as of Deadline Constantine Lednev

Equity Analyst | Wells Fargo Securities, LLC

TLN – TLN closes the Cornerstone acquisition Constantine.Lednev@wellsfargo.com | 212-214-5438

Alexander CalvertNRG – NRG buys stake in Cedar Bayou 4

Associate Equity Analyst | Wells Fargo Securities, LLC

SRE – SRE CA utilities file 2028 GRC; headline double digit increases Alexander.J.Calvert@wellsfargo.com | 212-214-5434

Whitney Mutalemwa

ETR – Staff files questions on Hyperion-related projects monitoring reports Associate Equity Analyst | Wells Fargo Securities, LLC

OGE – Upsizes revolver facilities; extends maturity to 2031 with incremental capacity Whitney.Mutalemwa@wellsfargo.com | 212-214-6428

Anders Myhre

Nuclear/NY – NY lays out policy paths to support ~5GW nuclear build Associate Equity Analyst | Wells Fargo Securities, LLC

Anders.S.Myhre@wellsfargo.com | 212-214-6409

OH/AEP/FE – OH environmental and activist groups call on PUCO to freeze electricity Andrew Kadavy

rate increases Associate Equity Analyst | Wells Fargo Securities, LLC