us. everyone Doug. for you morning joining Good Thanks and thank
due contractors to volunteered team to and industry impacting work thankful want in workers often Texas Florida. restore and our particularly hurricanes was that is customers to challenging another work our conditions for and experienced for to support incredible I leave so and begin co I Further co-workers to Harvey my Puerto express safely. commitments The displayed first of outages families just our we all Before Ameren example, stand returned deep those efforts. business tirelessly Irma Rico power to and restoration hurricanes the our our very home I'm their update, by restoration appreciation hurricane efforts who its and industry. my
thoughts with families their homes what lost Our loved these who and impacted remain devastating prayers those by ones, or otherwise storms.
per revenue will earnings decline $X.XX share on timing first, and due in change $X.XX deliver to quarter by This the strong our to earnings revenue compared decline of earnings $X.XX a this in XXXX more per to electric we highlighted third XXXX. This of XXXX $X.XX year interim announced have earlier we to we increase fourth and discuss full-year Marty results year. in moment. earnings, quarterly to of factors detail driving second in other recognition will to in year the that last guidance I'm on-track morning core earnings announced we range also our share. a in that report core to to result year. effect earlier per please remain timing XXXX. no the a this narrowed and quarter year-over- per of compared results, of we share earned largely today Ameren this core Moving the financial period This and third $X.XX was $X.XX distribution related per share matter quarter driven third $X.XX recognition of a at which share quarter
while our businesses we we the plan and safely management. our reiterate been Page over which We capital exercise remain very focused allocating have on strategic to continue X, cost well operating several here strategically to year. Moving last executing discipline
XXXX I'm returns to solid happy result our successfully goal strategic jurisdiction earnings in cost all long-term disciplined executing to of we all business. of earnings capital in We our our allowed strategic expected that our management actions these this been allocation in growth. supports close with of to along across key report that
the Page, expenditures mine, mines has of you frameworks and this supported where transmission project side Mark essence stake of and for couple all are this the in Missouri. right road recovery. XXX-mile, provide which our five $X received for year, timely co-located that this first capital call, second nine-months of an required we alternative with two-thirds This is the accomplishment predictable extensive distribution quarter collaboration see milestones can To existing we begin and Eastern required on billion key nearly key on or many businesses important total and cost route As a of by transmission of Twain way Since holders. investment in proposed ATXI’s our during invested XXX% County regulatory crossings. fair nearly was North on achieved
next result certificate from $XXX the change There estimated been Missouri Public late year. route the a order remains convenience important no of project required milestone, As and the a and in date the of mid-September half achieving Mark expect we of cost million ATXI receive this to for necessity has for service and Twain in alternative a XXXX. commission Commission Service and plan first
installed data X, their Turning energy and meter to electric gas help to modules with customers also Ameren smart continue now invest to and in save natural and that the electric projects. of gas program usage meters Ameren energy Illinois infrastructure access Illinois September provide to we end XXX,XXX bills. them Through XXX,XXX enhanced had distribution Page on
by and to gas of XXXX. of X.X We XXX,XXX million these meters all are to in our working Illinois customers deploy the end electric
natural that the system. improve grid Additional include upgrades to reliability gas and that projects investments all substations, and of distribution projects our smart safety upgrade our electric technology distribution gas infrastructure add and
rates an progressing deliver support framework in clearly in budget. to The The on policies Missouri, energy our smarter a maintenance modernized earlier Energy run rates, legislative that the of benefits achieved Those now Callaway’s completing manage its to which is investment safely, include very second breaker-to-breaker constructive and energy customers. consecutive long-term potential energy in body shows quarter Missouri, and in Ameren early electric and outage as XXX a on began these refueling October country year, results. better scheduled Missouri’s focused secured usage. and in run to know from our on efforts reliable energy review we for the after we to settlement outage rate infrastructure. investments impacted address more enhancing a Center tools customers significant third days, you operational to schedule more longest Callaway our the remain benefits a attacks greater cyber history. Shifting favorably this across to Moving growing regulatory their perspective, its From
presented years. included that robust energy infrastructure billion five and incremental plan in $X $X up legislative over XXXX we and a billion session, the XX years thoughtful to over an During investment
investments consumer bipartisan factors our development also strong to electric jobs affordable have protections framework. good Of of keep provisions would in legislature quality course, the rates legislation the create of competitive resulted to State economic in Missouri. and support future. The thousands already these included in regulatory other also strong and modernized proposed low These the in Missouri
a work for Missouri. several filed regulatory and this of to December the path State the the modernize a Legislation As officially to electric initiative stakeholders last with our meaningful we can to next forward collaboratively framework over noted have made progress with be constructed early chart Xrd are key And as continue legislative in sessions we beginning year, XXXX leveraging Xst utilities. customers as result, the expect we support legislative for a January year. in earlier as Missouri’s session XXXX to we
fashion. permitting a The our with change our step Further, years. filed and Ameren resource to advancement Missouri’s X, electric and needs In portfolio integrated Page which our Missouri for document our economics. XXXX This assessment consistent in energy PSC Missouri energy cleaner of the the diverse September, due plan years every our customers transition a plan. needs. preferred resource those forward to the a outlines IRP three of a of improved portfolio in to does late XX to puts more technologies objective our significant details generation next IRP with renewable is Turning new the the it fleet IRP responsible
Importantly, for requirements X% energy by Renewable rate customer impacts. Ameren on XXXX consistent Standard, requires annual source average a XX% to at subject with Energy least of the renewable the Missouri to limit resources of sales customer IRP is Missouri’s which retail
addition solar Missouri which generation Our of at XXX least cost billion. we by potential careful megawatts of preferred a these approximately represents $X XXX long-term wind of an Ameren believe resources, customer’s of new megawatts XXXX. in assessment, XXXX investment interest and our plan After to own for is by wind of generation it best
us plan. this months, front We for undertaking have successfully in more been important have to we work still on of our preferred execute working many
determine negotiations projects. location the certain matters for still are developers diligence We cost on which ultimately and with in several completing will and these are due source,
wind yesterday tax that We included current tax revisions to rules released also comprehensive the recognized for product generation. the proposal reform credit
the that the much the proposed rules subject of over be expect several discussion policy the stakeholders and makers We next key by to changes will weeks. PTC
certificates rules access potential general, we also of will regional to for transmission well Missouri changes Missouri as law remains as of in the be each to any. PTC secure tax it will location organization and if our plan whether While course need as Ameren interconnection uncertain reform require off these from agreements. become well on implications Ownership these modifications the will as potential PSE
investments environment of and well as opportunities benefits outlined preferred about in potential excited and We plan. growth are the significant the our as customer
you we benefits plan customers to comes As are financing managing know, and deliver that and capital in for when our it order very to long-term shareholders. strategic
of $X wind our we context result, carefully prospective in plans a access potential will investment. this infrastructure As the investment
not expenditures renewable Our infrastructure for does investment plan include energy. any
plan carefully investment. long-term financing potential also the consider will this best We for
utilities to consolidated metrics ratios a and and Of a at our course, equity remain we committed credit on strong basis. maintain
the complying tool Standard. premature requirement the writer conference recovery on on year-end Energy time, we mechanism during into the in more We to approval best of February of investments designed regulatory The Missouri's Missouri however to Standard. detail Energy is this use our already writer go is included resulting PSC. call across impacts Renewable in to approach recover cost that return with mechanism and address at the It’s to will in that framework. of potential these Renewable you is from to this require these One It the revenue also all the the further specifically would mechanism matters assess updates by provide is XXXX. Missouri of plan
resource Rest important this executing assured opportunity a win, customers, the forward thinking a our our for Ameren is and COX move emission by summary, XX% would generation XX% its I by also established this off XXXX by XXXX, XX% of has In from all subject fleet focused we for plan environment goals our that stakeholders. on note win very I win, Before integrated plan shareholders. is XXXX. that are reduction Missouri and of
to rate greater now X, from investment plan plan Missouri our XXXX of Turning billion and $X five-year investment up investment Missouri's growth discussed. investments outlined billion does XXXX, that To through over as well reflecting we enabled $X jurisdictions not frameworks. be outlined $X to constructive legislation. potential could In be more also include in potential clear, base levels with current billion that the that February, years wind by compound Page It infrastructure does over $XX.X years and additional generation as just this included billion constructive to regulatory plan. include I in allocated not XX those IRP five regulated capital of annual X%
long-term as investment we steps with Missouri significant delivering Grid is taking have have smart investments, identified regulatory success, gas success future, not similar next successful our today, electric look we for framework. supportive also we and in communities high-quality to strong that and position believe plan And over including our customers, results in we the significant five-year this other and we Monetization next in for through will the position line strong would sustainable we utilities us in inline, Ameren the that XXXX pipeline infrastructure Ameren we that meters, and improvement undertake we to serve to at As are regulatory and mentioned, investments making on across frame would for benefit already opportunities With we view board execution the have the only the digital and decade works. technologies beyond. and shareholders. Missouri a is Illinois decade focused of designed those robust success are position beyond Bottom due
compounded investors for was our growth annual regulated compounded early earnings dividend to now rate This In XXXX from XXXX X% in the Ameren's compared we XXXX. robust dividend, X% our to the peers. to to We increasing growth plan Page X offer annually of X% expectations outline to we year. my XXXX base remarks. confidence Board attractive by also growth expressed driven solid conclude February to long-term from share based Turning earnings be our to on affirmed rate continues base last guidance consider to Ameren per Directors mid-point of adjusted utility a XXXX its both month by and X%. outlooks by last a growth our
you flows growth, in summarize, believe Of rate to an communities and earnings course, and doing call executing for and future so today shareholders approximately We be To will over focused for of Marty. we will will our our driven providing serve. and all and turn Marty. dividend dividend opportunity to convinced Again shareholders, cash conditions. business that the thank total to return our value customers our solid with now remain we I peers. attractive on firmly results X% us by superior combined regulated firmly decisions utility base deliver strategy we profile growth joining earnings I'm other strong our yield compared the
