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    Willard Grainger

    Senior Associate and Equity Research Analyst at Mizuho Financial Group, Inc.

    Willard Grainger is a Senior Associate and Equity Research Analyst at Mizuho Securities USA LLC, specializing in electric and gas utilities, merchant power, and renewable energy. He covers prominent companies such as AES, American Electric Power (AEP), Duke Energy, and Nextera Energy Partners, and is recognized for detailed financial analysis and sector-focused investment research, frequently contributing to earnings calls and industry reports. Grainger began his career with Citi as an Equity Research Senior Associate from 2016 to 2022 before joining Mizuho in April 2022, and also has experience in credit and portfolio analysis and audit with McGregor & Company, LLP. He holds a Bachelor’s Degree in Accounting and Finance from the University of South Carolina, and his professional credentials include sector-specific securities research and experience in regulatory risk modeling.

    Willard Grainger's questions to AES (AES) leadership

    Willard Grainger's questions to AES (AES) leadership • Q4 2024

    Question

    Willard Grainger questioned the flexibility in the capital plan to further reduce investments in favor of share repurchases, given the stock's valuation. He also asked if recent policy discussions at FERC or in Texas could impact AES's ability to sign long-term renewable contracts with corporate customers.

    Answer

    CEO Andrés Gluski acknowledged the stock price but affirmed commitment to the current plan, which he believes will deliver shareholder value, highlighting the significant dividend. He also stated that potential regulatory changes regarding private use networks are not expected to affect AES's project pipeline, which is resilient and primarily on private lands.

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