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CLAIM #21727 · DUK (DUK) · 2022Q3 earnings call · Nov 4, 2022 · due Dec 31, 2024

we don’t have a lot of additional headwinds because of a relatively light maturity period.

Lynn Good · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

es, assuming rates stay high. But it sounds like what you’re thinking is that the improved cash flow and performance at the utilities kind of could sustain the offset? Is that how to think about beyond ‘23? Lynn Good: Steve, I would maybe expand the thinking to be a little broader on that. So we also use tools like interest rate hedging, which you would expect us to. We have $1 billion of proceeds from GIC coming in. we have the commercial renewable transaction. We have cost mitigation. We’ve sized it at $200 to $300 million in this year. That will carry forward, and we will continue to look for ways to drive costs out of the business. We also have the IRA coming. So I feel like we’ve got a variety of tools. And as we look at sort of the profile into ‘24, even in this present environment, we don’t have a lot of additional headwinds because of a relatively light maturity period. So I would think about all of those factors together and recognize that we are working very strategically to minimize these costs and to manage the business effectively. Steve Fleishman: Okay. Great. And then just in terms of thinking about kind of dividend growth, should we – given that there is some kind of reset a little bit on the earnings, just should we assume you continue at kind of a rate below the earnings growth for another couple of years before you move it up into the earnings growth range? Lynn Good: Steve, it’s a really good question. And one we’re looking at closely, we had set a target of being in the 65% to 70% payout range. And in this 5-year period, we will be well positioned in that range. So our expectation would be to recommend a dividend increase at the right time i

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SEC filings for DUK · Claim quote is verbatim from the 2022Q3 earnings call.