“And we're on track to add over 8 gigawatts of dispatchable power across our system through 2031.”

In context

“pproved. Later this month, we plan to file applications with the North Carolina and South Carolina Commissions and FERC to combine our DEC and DEP utilities. We expect the combination to generate significant customer savings over $1 billion through 2038, as we simplify processes and add operational flexibility to our system. We are targeting January 27 for the effective date. And finally, we continue to advance regulatory approval processes for new generation investments and plan to file our next Carolinas resource plan in North Carolina by October 1. Focusing on our generation plans. As you can see on Slide 7, we are actively advancing all solutions to quickly meet the increasing demand coming to our service territories, including maximizing our current fleet while we build new capacity. And we're on track to add over 8 gigawatts of dispatchable power across our system through 2031. This includes uprate projects to efficiently increase the capacity of existing natural gas, nuclear and hydro units. In aggregate, they represent over 1 gigawatt of cost-effective incremental capacity. Turning to new generation. We finalized the EPC agreement for our first combined cycle under development in the Carolinas and construction is underway. We also announced the site location for the third combined cycle in Anderson, South Carolina. In Indiana, we reached 2 settlements in our Cayuga CPCN proceeding. The agreements with Reliable Energy and the Industrial Group provide key support for our request, including the request to recover financing costs as they are incurred. Hearings begin later this month, and we expect an order by November. These milestones demonstrate our progress in”