CLAIM #21996 · DUK (DUK) · 2024Q3 earnings call · Nov 7, 2024 · due Feb 28, 2025
“We will provide 2025 earnings guidance in February along with updated load growth expectations and our refreshed capital and financing plans.”
Brian Savoy · CFO
In context
“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 rate case, integrity management investments and customer additions. We will provide 2025 earnings guidance in February along with updated load growth expectations and our refreshed capital and financing plans. As we signaled, we expect our capital plan to increase as we move further into the energy transition. We also expect capital to increase in the near term as a result of a higher pace of customer additions and refresh cost estimates for generation investments that ramp up in the remainder of the decade. We are well positioned for the opportunities presented by this unprecedented demand growth and we will take a balanced approach to funding the incremental capital, supporting our growth rate and balance sheet strength. Moving to Slide 11. We've made significant progress on credit-supportive initiatives. The constructive regulatory outcomes we've achieved with increasing ROEs and timely recovery of investments have driven considerable improvement in our operating cash flow. And in October, w”
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SEC filings for DUK ↗ · Claim quote is verbatim from the 2024Q3 earnings call.