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CLAIM #21930 · DUK (DUK) · 2024Q1 earnings call · May 7, 2024 · due Dec 31, 2028

All this gives us a high degree of confidence in our 5% to 7%. And as we look throughout the plan, probably later in the plan, pushes us in the higher end of the range.

Brian Savoy · CFO

PENDING
graded after results covering Dec 31, 2028 are reported

How to check this claim

Look at: Adjusted EPS growth rate relative to stated long-term plan range

It came true if: Annual EPS growth trends toward upper half of 5%-7% range (i.e., >6%) in later years of the plan (2027-2028)

Where: Company-disclosed adjusted EPS and long-term growth guidance (earnings releases / investor presentations)

In context

our EPS growth guide like we heard from one of your Southeastern peers? Brian Savoy: Shar, I'll take that. We continue to be encouraged by the pace of economic development opportunities. I mean every time we do a new load forecast, we see more opportunities. And that's demonstrated by what we showed this morning. We typically update our full financial plan in February, right? And we feel like updating load without updating the CapEx to support the load might be a bit disconnected and not so the full picture. But we do see clearly more tailwinds than headwinds as we look at growth over time. All of this sign is a good -- all of this points to a good sign of long-term EPS growth. I would point to on the EPS side of things, load growth, the capital opportunities for the energy transition. All this gives us a high degree of confidence in our 5% to 7%. And as we look throughout the plan, probably later in the plan, pushes us in the higher end of the range. But it gives us the opportunity if all this transpires. We are taking a very calculated position on our load growth, and we want to be smart about updating the plan prematurely before we put the capital to support the new load. Lynn Good: Shar, one thing I might add is just to give you a metric on this, 1,000 gigawatt hours represents 0.1% increase in our load growth. So we are trending to the higher end of that 1.5% to 2%, and we'll continue to update you during '24, if we see more opportunities materialize. And as Brian said, we'll do a comprehensive update in February. I think the other thing I would note, given the size of our company, I believe the move from about 0.5% load growth to 1.5% to 2% is quite strong, and we're proud of that, and we'll keep going. But I think that metric

Verify independently

SEC filings for DUK · Claim quote is verbatim from the 2024Q1 earnings call.