27 July 2026 | 2:00AM EDT Equity Research AMERICAS UTILITIES: POWER - IPPS Updating estimates into 2Q; PJM and ERCOT regulatory developments in focus We update estimates for our IPPs coverage ahead of second quarter earnings, where our forecasts for the quarter are above consensus for TLN and CEG, in line for NRG, and below for VST. We expect focus on the evolving PJM regulatory landscape, including the upcoming RBP filing with the FERC and the C&M proposal, as well as ERCOT's Batch Zero milestone, forward ...