Confirmed

Regulated Utilities

7 names are moving together; 100% are participating in the current session.

1 observed Confirmed episode

Co-movement

Observed member paths adjusted against SPY. Shading marks the latest observation window.

Members

TICKER	Company	Sector	Today	Observed activity
XEL	Xcel Energy Inc.	Utilities	-0.8%	4/5 observed active sessions
PEG	Public Service Enterprise Group	Utilities	-0.3%	4/5 observed active sessions
AEP	American Electric Power Company	Utilities	-1.5%	3/5 observed active sessions
NI	NiSource Inc	Utilities	+0.6%	3/5 observed active sessions
SRE	DBA Sempra	Utilities	+0.8%	4/5 observed active sessions
ETR	Entergy Corporation	Utilities	+0.3%	5/5 observed active sessions
MDU	MDU Resources Group, Inc.	Utilities	-0.1%	Group member

Why we believe this

Cohort

7 names

Participation

100% this session

Observed history

5 daily builds

Filing coverage

7/7 members

credit / rates affecting interest expense

“Interest Expense increased $62 million primarily due to higher long-term debt balances.”
AEP 10-Q

demand / volume affecting orders

“As a result of the January 2024 FERC orders, the Registrants’ balance sheets reflected a liability for the probable refund of all NOLC revenues included in transmission formula rates, with interest.”
AEP 10-Q

capital investment / capacity affecting capex

“Estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints, environmental regulations, business opportunities, market volatility, economic trends, supply chain issues, weather, legal reviews, technology advancements, inflation and the ability to access capital.”
AEP 10-Q

This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.

Connected, outside the group

CTRI

AEPcustomer · Not moving with the group now

Filing receipt · CTRI / AEP

“Our customers include American Electric Power, Enbridge, Entergy, Exelon, NiSource, National Grid, Sempra Energy and Southern Company, among others.”
AEP · customer

ETRsupplier · Current intraday read unavailable

Filing receipt · PW / ETR

“The operator of Big Cajun 2 - Unit 3, Pelican Power, has advised Entergy Louisiana and Entergy Texas that it has adequate coal supply, rail car, and barge capacity to me…”
ETR · supplier

PRIM

XELcustomer · Not moving with the group now

Filing receipt · PRIM / XEL

“For the years ended December 31, 2025, 2024 and 2023, revenue derived from projects performed under MSAs was 32.0%, 36.8%, and 36.7% of total revenue, respectively.”
XEL · customer

AEPtext peer · Not moving with the group now

No filing excerpt is available for this relationship.

ATEX

XELcustomer · Current intraday read unavailable

Filing receipt · ATEX / XEL

“Guaranties In October 2022, we entered into an agreement with Xcel Energy Services Inc.”
XEL · customer

History

2026-07-23 → 2026-07-305 observed active sessions · 12.5% of active names held across the episode