“And over the long term, we see load growth at the top end of our 1.5% to 2% CAGR through 2028, with annual load growth accelerating in 2027 and 2028 as large economic development projects come online.”

In context

“economic development forecast to up to 20,000 gigawatt hours of incremental load. This represents a 2,000 gigawatt hours increase since our second quarter update. As a reminder, we take a risk-adjusted approach as we evaluate which economic development opportunities to include in our forecast. In the near term, we continue to see a slower rebound in certain industrial sectors. We are in frequent dialogue with our largest customers and they continue to signal expectations for a recovery, but the timing has shifted into 2025. Additionally, as with any extreme weather period, third-quarter weather normal volumes likely reflect some impact from the major storms. Overall, we're seeing steady improvement in our rolling 12-month volumes and are trending toward our 2024 load growth target of 2%. And over the long term, we see load growth at the top end of our 1.5% to 2% CAGR through 2028, with annual load growth accelerating in 2027 and 2028 as large economic development projects come online. Turning to Slide 10. We have provided key growth drivers for 2025. We've executed an active regulatory calendar over the past two years that has yielded constructive outcomes and positioned us well as we head into next year. Beginning with the Electric segment, in Florida, we'll implement the new multi-year rate plan with an updated 10.3% ROE in January. In the Carolinas, we'll implement the second year of the North Carolina multi-year rate plans and see a full-year impact from the DEC South Carolina rate case. And in the Midwest, we expect the Indiana rate case to be effective in March. Finally, we'll see retail sales growth from economic development and population migration in addition to increases in rider revenues. In the Gas segment, we'll see growth from the Piedmont North Carolina”