MAAT INDEX

CLAIM #21797 · DUK (DUK) · 2023Q1 earnings call · May 9, 2023 · due Dec 31, 2023

And so the combination of all of these activities as well as the fact we enter any given year expecting a range of outcomes and establishing contingencies that are planning in case something doesn't work out exactly as planned, we are confident in reaffirming the range of $5.55 to $5.75.

Lynn Good · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

tand within the 2023 EPS guidance range under that normal weather assumption for the rest of the year? Are you still kind of comfortable within the range at this juncture? Lynn Good: The answer to that is yes, Shar and let me talk about the various cost initiatives that are underway. The $300 million that we identified for last year, I would call largely structural. When we talk about 75% of it being achievable, it’s because we’re making fundamental changes and the way we’re completing work, staffing work, prioritizing work, et cetera. When we talk about the actions we’re taking in response to weak weather, I would call those more tactical. This is deferral, this is reducing non-critical work, third-party spend, expenses, those types of things that we have done so many times, as you know. And so the combination of all of these activities as well as the fact we enter any given year expecting a range of outcomes and establishing contingencies that are planning in case something doesn’t work out exactly as planned, we are confident in reaffirming the range of $5.55 to $5.75. And so we’ll continue to update you as the year progresses, but our [indiscernible] reaffirming at this point. Shar Pourreza: Okay, perfect. And then just Lynn, commercial – obviously the commercial sale being in late stages new language, and you obviously took another $175 million charge. This is obviously the second charge to date. Could we maybe just elaborate why the expectations and the sale have come off more I mean, what’s driving the second revision of capital markets? Is it buyer interest? Just some sense there. And I guess, when can we see something announced? Is it 3Q? Is it closer to year-end? Thanks. Lynn Good: Yes, sure. I appreciate the question. And we are continuing strong progress. We’re in the late stages and expect to be able to provide more information shortly on wher

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SEC filings for DUK · Claim quote is verbatim from the 2023Q1 earnings call.