“Consistent with prior guidance, we expect the Tennessee and Florida transactions to be earnings neutral, with interest savings at the holding company fully offsetting lower earnings at Piedmont and Duke Energy Florida.”

In context

“-line growth from efficient regulatory constructs in place across our growing states. These drivers will continue in 2026, and we set our adjusted EPS guidance range at $6.55 to $6.80 for 2026. As we move into year three of our multiyear rate plans in North Carolina, year two in Florida, and implement phase two rates in Indiana, new rates from constructive rate case orders in South Carolina will be effective in the first quarter. We also expect to see steady growth from grid riders in the Midwest and Florida. In addition, our plan assumes normal weather and retail sales growth of 1.5% to 2% in 2026. In the gas segment, we will see growth from Piedmont integrity management riders and new rates at Duke Energy Kentucky. Finally, higher financing costs will drive results in the other segment. Consistent with prior guidance, we expect the Tennessee and Florida transactions to be earnings neutral, with interest savings at the holding company fully offsetting lower earnings at Piedmont and Duke Energy Florida. I am proud of the results we delivered in 2025, and I am bullish about the future. We are well-positioned to execute our investment plan to serve our growing jurisdictions. Turning to Slide 9, our economic development pipeline continues to progress, increasing confidence in our growth profile. Since the third quarter earnings call, we signed an additional one and a half gigawatts of electric service agreements with data center customers, including Microsoft and Compass, and now have approximately four and a half gigawatts of data center load secured under ESAs. Our success underscores the attractiveness of our service territories to prospective large load customers. Duke Energy Corporation is a one-stop shop providing significant speed-to-power advantages. We work with customers in our co”