“Beginning with the Electric segment, we will enter 2023 with load that is 2% higher than pre-pandemic levels. Going forward, we expect load growth to be back in line with our pre-pandemic consumption of flat to 0.5% growth per year.”

In context

“d the Florida multiyear rate plan and other riders. Turning to gas, we e will benefit from rate cases and our integrity management riders. We will see lower O&M across our electric and gas operations. The timing of plant outages and shaping of O&M led to higher O&M in the first half of 2022 as compared to 2021. We saw this trend begin to reverse in Q3 and expect it to accelerate in Q4. Finally, we expect the other segment to be unfavorable to the prior year, primarily due to higher interest expense. Moving to Slide 12, I will highlight the key growth drivers for 2023 that support our $5.55 to $5.75 EPS range for the year. 2023 reflects the acceleration of investments in our clean energy transition across our service territories and the implementation of key provisions from House Bill 951. Beginning with the Electric segment, we will enter 2023 with load that is 2% higher than pre-pandemic levels. Going forward, we expect load growth to be back in line with our pre-pandemic consumption of flat to 0.5% growth per year. This will be offset by weather, which has been favorable year-to-date in 2022. Shifting to rate cases and riders, we have an active regulatory calendar across our jurisdictions. This includes three rate cases in the Carolinas and two rate cases in Ohio. In Florida, we will move to the second year of our multiyear rate plan with an updated 10.1% ROE. Finally, we see growth through continued investment in our electric and gas riders. Macroeconomic conditions remain dynamic. And as Lynn mentioned earlier, we’re exercising our business agility by increasing our 2023 cost mitigation target from $200 million to $300 million. We have a strong track record of pulling both structural and tactical levers to flex our costs to meet business challenges head on and are confident we can achieve these sa”