Q1 FY2026 EarningsQ2 FY2026 Compensable Generation fell 5% below expectations, dragging YTD performance to the low end of fiscal guidance. Strong El Niño patterns significantly reduced wind resources in CAISO (87% of P-50) and ERCOT (98% of P-50). While Solar and Flexible Generation maintained high availability (99% and 97% respectively), the Wind segment's 92% availability relied on OEM liquidated damages to offset operational gaps.