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Ian Rapp

Research Analyst at Bank of America Corp. /de/

Ian Rapp is a Research Analyst at BofA Securities (Bank of America Merrill Lynch), with a focus on the US Power & Utilities sector. He provides equity research coverage for major regulated utility companies and infrastructure firms, offering insights and investment recommendations to institutional clients. Ian began his role at BofA Securities in the mid-2010s and is noted for detailed sector analysis, although specific performance metrics and third-party rankings are not publicly disclosed. He is professionally credentialed and registered with appropriate securities authorities for research analysts in the United States.

Ian Rapp's questions to AMERICAN STATES WATER (AWR) leadership

Question · Q2 2025

Ian Rapp from Bank of America Merrill Lynch inquired about the quarterly pacing of ASUS construction activity for the remainder of the year and sought management's confidence level on the passage of the SB 473 decoupling legislation.

Answer

President and CEO Robert Sprowls explained that ASUS construction activity would increase in both the third and fourth quarters, likely weighted more toward Q4, while reiterating confidence in the full-year guidance. Regarding the decoupling bill, Sprowls expressed 'cautious optimism,' noting strong arguments in its favor but acknowledging the difficulty in predicting legislative outcomes in California.

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Ian Rapp's questions to PPL (PPL) leadership

Question · Q1 2025

Ian Rapp inquired about PPL's rate case strategy, asking whether the company plans to include any specific tariff structure changes for data centers or other large loads in its upcoming rate case filings for Kentucky and Pennsylvania.

Answer

CEO Vincent Sorgi responded that while the filings have not yet been made, PPL is actively evaluating in both jurisdictions whether it makes sense to propose a dedicated tariff for data centers or a broader large load customer class. He indicated more details would be available once the rate cases are officially filed.

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