Management characterized 2025 as an 'affirmational' year, validating a long-term strategy centered on meeting unprecedented power demand from large-scale industrial and data center customers. Industrial sales grew by 7% in 2025, contributing to a 4% overall retail sales increase, which management attributes to the competitive advantages of their service area, including low rates and vertical integration. The company secured approximately 3.5 gigawatts in new electric service agreements (ESAs) during 2 ...