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Power & Grid:
What changed in power and the grid, and why it mattered.
- 01
PG&E reported third-quarter earnings of $0.34 a share and said it is weighing a split of its gas business.
Nine-month earnings of $1.06 a share are above the $0.89 of a year earlier, though the third quarter was slightly below last year's $0.37. The gas split idea is aimed at lowering customer borrowing costs, which shows how much financing cost shapes regulated utilities that are building out the grid. No decision has been announced.
US utilities· PCG·Source 1·Source 2
Screener matches in US utilities · Friday's close, 23 Oct
- Shortlisted
All six checks pass, with the price 3.1% above a flat 200-day average.
- 02
Illinois regulators approved ComEd's GRIT transmission project in Cook and DuPage counties.
The approval clears a transmission build in northern Illinois for ComEd, which is owned by Exelon. Approved lines turn into spending on construction and equipment, so the news points to regulated utilities with wires to build and to the contractors that build them.
Screener matches in US utilities and Grid builders · Friday's close, 23 Oct
- Shortlisted
All six checks pass, with the price 3.1% above a flat 200-day average.
- 03
Shares in X-Energy rose sharply on reports of a possible nuclear energy deal.
The reports give a sign that deal interest in new nuclear is still alive. Listed new-nuclear names did not follow, though: Nano Nuclear Energy closed 6.0% lower and BWX Technologies 5.8% lower on the day.
Closest to a screener match in New nuclear · Friday's close, 23 Oct
- Not a match
BWX TechnologiesBWXT
Two checks short of a pick.
- Not a match
Too many figures missing to judge it yet.
- 04
ABB and Schneider Electric each announced training partnerships with US and Canadian schools.
ABB is working with Lincoln Tech on a technician pipeline, and Schneider Electric is working with Centennial College on skills. Both are routine, but they show equipment makers putting effort into hiring skilled workers, which is part of what limits how fast grid equipment can be installed.
Published 23/10/2026, 08:03 UTC · claude-sonnet-5-5