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Shar Pourreza

Research Analyst at Guggenheim Partners

Shar Pourreza is Senior Managing Director and Senior Equity Analyst at Guggenheim Partners, specializing in Energy, Power, and Utilities sector research with coverage of major companies such as NRG Energy, Nextera Energy, Vistra Corp, PPL Corp, and Public Service Enterprise Group. Recognized for his stock-picking acumen, Pourreza has earned top-10 sector rankings in Greenwich Associates and stock-picking awards from StarMine, alongside being named Institutional Investor's 'Rising Star' in 2014. His career began with research roles at GE Asset Management, Calyon Securities, and Friedman Billings Ramsey, before leading Citi's North American Power & Alternative Energy team and joining Guggenheim Partners as a Director and Senior Analyst in 2015, rising to Senior Managing Director. Pourreza holds a BS in Business from the University of Scranton and is a CFA charterholder.

Shar Pourreza's questions to NEXTERA ENERGY (NEE) leadership

Shar Pourreza's questions to NEXTERA ENERGY (NEE) leadership • Q4 2024

Question

Inquired about the timeline, cost, and condition of the Duane Arnold nuclear plant restart. Also questioned the 2030+ timeline for new gas generation, given urgent demand from hyperscalers.

Answer

The Duane Arnold restart is progressing with regulatory filings and customer discussions, but cost details are confidential to maintain negotiating leverage. The plant is in good condition. The 2030+ timeline for new gas power is realistic due to significant hurdles in siting, permitting, supply chain constraints, and soaring costs for turbines and construction.

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Shar Pourreza's questions to PUBLIC SERVICE ENTERPRISE GROUP (PEG) leadership

Shar Pourreza's questions to PUBLIC SERVICE ENTERPRISE GROUP (PEG) leadership • Q1 2024

Question

Konstantin Lednev, on behalf of Shar Pourreza, asked if the behind-the-meter data center opportunity is scalable in New Jersey and whether PSEG would update its guidance as power prices rise above PTC levels.

Answer

Chair, President and CEO Ralph LaRossa and CFO Daniel Cregg addressed the question. Cregg noted that behind-the-meter projects are inherently built at scale, while LaRossa highlighted PSEG's unique 3-unit nuclear site as a key advantage for scalability. Regarding guidance, Cregg stated that the company prioritizes predictability and will only incorporate upside opportunities into its forecast once they are contractually secured, not based on cyclical market price movements.

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Shar Pourreza's questions to NEP leadership

Shar Pourreza's questions to NEP leadership • Q1 2024

Question

Asked for an update on long-term financing solutions for NextEra Energy Partners (NEP) and whether the recent FEC matter concerning FP&L is fully concluded.

Answer

Discussions about a private capital raise to address NEP's financing needs are ongoing, but no updates will be provided at the upcoming Analyst Day. The FEC matter is considered closed and behind them.

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