“New rates will be effective in January.”

In context

“we meet our state's growing demand for power. In Indiana, last week, we filed an updated IRP after an extensive stakeholder engagement process. Our preferred scenario is designed to balance reliability of service and customer affordability. Plans for natural gas assets, renewables, and battery storage also add diversity to our generation resources in the state. As in all jurisdictions, there will be a robust review of all planned resource additions. We expect to file a certificate of public convenience and necessity for new and expanded gas generation at Cayuga station in early 2025. Shifting to Florida, in August, the commission approved our settlement agreement with unanimous support. The three-year multi-year rate plan allows for timely recovery of grid, solar, and battery investments. New rates will be effective in January. We also reached a comprehensive settlement in our Piedmont Natural Gas North Carolina rate case in September, resolving all matters in the proceeding. Investments will focus on federal safety regulations, enhancing the customer experience, and providing safe, reliable natural gas service. We expect an order in January of 2025. With these outcomes, we've settled or received approval for approximately $80 billion of rate-based investments across eight rate cases since the start of 2023. We have multi-year rate plans in place in our largest jurisdictions through the end of 2026, which smooth rate impacts to customers and provide line of sight to growth. These outcomes support essential critical infrastructure investments, acknowledge the rising cost of capital through higher ROEs, and allow”