Warner L. Baxter
you and Thanks, Andrew. Good morning, for joining thank us. everyone,
few comments business third results, key a I'll our manners, start of discussion Before COVID-XX. with into quarter I jump on another
and challenging your you, I safe again, hope and this families, time. colleagues during So, healthy are
that of can that great change, co-workers, I one safety customers, constant strong communities. the Ameren commitment driven deal in our has assure a COVID-XX our is thing and While to remains of you
customers innovation, in delivering recognize on a So, of co-workers during appreciation focus Missouri service our affordable of cleaner, depending safety are express time. agility, on that this life. and We to unprecedented and too, determination quality Illinois us. focus great power on shown our can't and reliable, keen my strong the natural to delivering I enough millions is mission safe, on who have electric gas while and
carefully with of manageable COVID-XX on To our to date, the and sales, impacts are been monitor supply continue expectations. liquidity, We largely electric impact these line in our have and chain.
our addition, to continues execute across entire team strategy the In successfully business. our
key our from several we to At the strong Looking ahead, exercise have well as the we'll COVID-XX. digital will to on practices discipline operations. our on we time, impacts safety look capitalize executing identified during of our same mitigate opportunities strategy are benefits including remain other as employing efficiencies realizing in focus last our and that continued investments we including months financial the
guidance That we that announced pleased to share. range discuss to on we Yesterday, an this Turning earnings per guidance XXXX share to update earned we XXXX. per per share. narrowed quarter page a more third drivers to $X.XX now deliver guidance. announced for and share results on the provided key XXXX growth third to will $X.XX earnings $X.XX to share detail summary to range remain XXXX compares is to which that our $X.XX over in quarter earnings of XXXX compared we per I of share am moment. solid XXXX. page, A in report also Michael per earnings per $X.XX X Yesterday, of on our in track $X.XX in initial
well Moving been throughout the to here, our page have we which X, plan, reiterate very we year. strategic executing
and significant delivering shareholders. earnings our for continue a value long-term customers will our plan strong growth our expect We for
has This jurisdictions. multiyear manner a strategy of pillar investing of our in operating regulatory and four of in consistent stresses our our in in frameworks. benefit all the utilities focus for customers energy infrastructure our long-term first driven with on investing The existing
times As many the our I the center have our of said past, at in customers strategy. are
want an reliable, safe, affordable and energy, clear. Our customers at all clean price. have been They
Our energy needs to and customers' is our exceed goal expectations. meet their
can you during for customers, see we of delivering our to results. our the months As in a this first the right nine this on business year, segments are of we and achieve side our capital of invested significant page, goal each
is Our resilient, energy and becoming grid secure. more reliable,
transmission below through lowest energy the our the and remain are and at electric approximately implementing the average. We and national XX% customers' our investments, renewable enabling among clean energy in rates country
not done. we're course, Of
We energy critical modernize our investments will across to businesses the to continue make grid.
Smart detail to meet technologies our usage. In to electric the in customers transition exceed will in Energy That for smart provide smart more we of customers. to And Missouri transition innovative will we're investments to fashion. moment. in the digital meters in and putting I cleaner the addition, their serve work for of invest and million visibility X.X customers' to next in several first Missouri our responsible report began a technologies to and will these customers choices a pleased continue to meaningful installing we to renewable dollars portfolio will better. rising in will I more our significant the energy that to and portfolio expectations. cover years which a Plan, energy The enhance with including grid am energy, control diverse include over meters Consistent installation modernize generation Ameren continue reliability more July, Ameren our and
we of over and completed Ameren electric meters million modules X.X customers gas already smart electric gas in Our Illinois XXXX. installation XXX,XXX benefits distribution and over these seeing the as
the returns fair working on been investments. hard arena in also our to have earn regulatory We
first Ameren and quarter into rate the X second constructor a went settlement as As result new calls, on on electric year in discussed our rates this of we electric earnings Missouri's April review. effect of
electric and addition, natural gas our more through cover will in In as Illinois. will in progress later, continue regulatory we Michael proceedings detail to
December electric its early began gas expect scheduled in a on a We safely year. is final proceeding schedule. by year outage From refueling perspective, the and and and Callaway this in operational of decision by outage January October. progressing maintenance in an a Center final Energy next decision proceeding The of the
Finally, continuous remains important relentless the of of and strategy disciplined cost and improvement affordable. on first focus pillar to our rates been our element has another management keep
order proposed X we page of to our Illinois, stakeholders. and legislation and second to frameworks which Energy Downstate the Central reliability, storage important to electrification all and Illinois. regulatory to pillar support Illinois Ameren enhancing economy benefit would make improve allow to as Clean Moving the in for make to benefit Affordability as Southern customers In includes significant Act. across of the This solar energy in transportation and in well battery continue investments the strategy, investments
closer of and will to XXX% to support legislation also would energy help and meet This address charging state state, XXXX. Illinois to investments address resilient reaching facing its In the a our for goal challenges bill help the addition, in grid of by energy and customers' continue the energy challenges these need clean important infrastructure. including more reliable energy additional would renewable policy move grid. it for electric vehicle better This sources expectations the
ratemaking equity legislation In electric the formula extend framework addition, allowable through also on this performance-based and return XXXX. would modify the would
policy been have governors in discussions, Senate energy meetings. participating including the actively group We and working
that in call, session with for in comprehensive certain second our expressed views November a addressed during and this slide, currently on veto noted to do not the energy scheduled December. Consistent XXXX. the is days expect during legislation we we veto As quarter session be
constructive in key continue open we infrastructure. advocate stakeholders for engage an will ahead, investment their the fashion transparent support to with Looking and policies understand energy that to better views and critical and
XXXX, gas predict next matter. The true-ups would the by under approved reviews. determined to orders, defer Public and in our COVID-XX to Commission regulatory are of filed requests related $X deadline a is have If of million this of cannot track the next incurred, of and we have ultimate approximately net recovery savings. September electric accumulated and Through and the COVID-XX matters, recovery of timing Moving rate additional we Ameren these XX, realized year. regulatory part on asset of we've Missouri the to Missouri costs, outcome costs net with PSC the Missouri as cost issue we requested costs the be any Service and October requests certain XX, no PSC,
we Speaking call, expect of Ameren Missouri quarter the future rate first file reviews next the second continue and as conference to discussed half XXXX. during we review rate our in of to electric
the to addition, Missouri we first half natural rate In an as during review XXXX of well. expect also gas file Ameren
and affordability. balancing a needs now Turning transition announced a we Plan. generation Resource portfolio for preferred our carefully and will Integrated while Missouri's In cleaner that late X important and more reliability diverse accelerate customers: transformative our September, two to plan to page
those generation Our our is emissions megawatts as XXXX. approximately centers across in carbon significantly emission natural billion by of goals the by of XXXX. $X investment year. an current addition XXXX renewable plan XXXX, reduction robust Energy energy expect XX% that date emissions XXX is extension These of established XXXX in note approximately making targets will levels clearly billion. our X,XXX reduction also efficiency investments to a we investment complete additions X,XXX programs. portfolio, we in plan We solar XXXX. and achieve response implement net-zero retired would of coal-fired and particular, total The plan be of XXXX. transformational operating Center of by beyond carbon-free centers, is added the continue include carbon to Further, this plan demand to these combined by our renewable that goal the and of add wind and XXXX, of of expiration goals seek of of Under we of coal-fired preferred our XXXX. with an In in two include gas accelerates advances solar we energy significant we all the wind all any By representing below our not for a $X.X It be to our of And it And does important retirement reduction our substantially carbon XX% $X.X total, generation Ameren. plan license megawatts achieve energy our to by generation. our cycle that plants. expect by wind investment megawatts billion Callaway to the Nuclear plan, will would for from
our takes system stewardship, portfolio transition represents a and that plan of into our reliability, environmental consideration customer responsible affordability. Importantly,
the that enjoy to a greater the add future it Our system today very and generation resources in intermittent of bridge to low-cost levels us reliability. our customers ensuring as used plan enable leverages while
and Our emissions goal. plan investments time to the incorporate leverage and private to technologies important advances net-zero energy sectors in by also carbon and over development clean research our intends public achieve
proposal for about solar excited it. our request to that and implement the we to are transformational plan the IRP. in wind take projects that to very our In steps enable will to and speak. we us proposals and have are customers, consistent robust the will request Responses value September, are and next steps We best as of been appropriate this on issued we assess those assessing taking process already a our deliver with
We plan. Consistent the with our will well our Having capital provide our projects we assessment consider that, major factors of XXXX to five-year call will such thing XXXX during one into as approach as clear. our include our in on we an February. year-end for past, conference a update said variety before plan is in
Our XXXX. including by billion opportunities IRP investment incremental approximately significant $X includes
industry as sustainable achievable are doing a how significantly emissions and excited transformational said the well plans leading energy as carbon before, the to executing are I and country responsible in creating cleaner we As our and about very Ameren and reduce future. so and our world in plan
energy to billion future, XXX move be continues of of two new Standard through let's sustainable X our wind at investment to for at on achieve $X.X acquisition Speaking compliance Missouri's page generation generation Renewable of an Missouri. to the cleaner plan creating made sites in with now update both progress a and Good Energy megawatts wind facilities.
next several construction components been testing will the completed be the megawatt over facility All for of have weeks. XXX and and of related key of the completed installation the units
a the megawatt be end XXXX. of XXX As we a facility result, by in service expect to
the to are the monitor shipment For we XXX components. the facility, working closely and megawatt installation with of developer facility remaining
prior challenges COVID-XX, the to related on including this several certain we due due project chain experienced to the some supply delays earnings in as in have transportation well discussed factors we to As year, of components. in as those calls global the
the economic a expect or expect to of in to the We of rule the reduce $XXX this we project credits to As approximately significant recent a of year extend first or in-service result, Department production by the quarter for one the to the in project, investment, December XX, consequences U.S. criteria service placed portion this be because changes of tax a of XXXX. the made do million have by XXXX. Treasury not
ahead the of have looking our opportunities our over X, page investment to all stronger, of end plan of $XX to through of will which pipeline cleaner. This of robust now Resource that Moving billion stakeholders renewable value energy we this grid of making opportunities preferred added generation approximately by incremental investment decade, the robust deliver a the smarter, $X Integrated includes XXXX XXXX. to in Plan, proposed and pipeline billion the Missouri in new significant
these energy renewable as new that projects regionally projects. any investment exclude reliability as resiliency opportunities additional generation would of enable the transmission Importantly, and the beneficial increase grid, well
their energy grid thousands infrastructure they to exceed future expectations, robust be that on meet country's Of jobs of investment course, will customers' local not energy needs also create economies. customers' opportunities Maintaining policies and create for constructive support energy our only but critical cleaner our our meeting expectations. energy and will in needs to our stronger investment delivering and will a
matters. page delivering communities, a a Consistent vision value social, environmental, our our effectively strategy. our presentation energy demonstrates recently social, on focus we to with to sustainable we into focus, for corporate XX; governance environmental, stakeholder Sustainable and Ameren's and slide have a matters ago, are our called and we on Energy few I sustainability which that been This country. This for statement. presentation integrating a governance moments the sustainability Future, published mentioned summarizes focused Moving Leading proposition Way that customers, is how future our
which Integrated strong by environmental is, earlier. focus the Resource demonstrated a have We part, in I Missouri Plan discussed
is or earlier wrought Agreement state centers with of our discussed below plan to natural energy Celsius. coal-fired system from and has limiting Emissions pipeline degrees global limits, temperature iron the consistent Paris objectives well pipes. preferred and cast the X.X the are Importantly, gas federal our rise and no
strong a important never responsible time more have socially our also now customers has be leader There and be We long-term a in area. communities a to this to economically impactful. and than commitment been to
and And moratoriums, up and help been relief, critical of implementing assistance for $XX In have energy have and terms working tirelessly need, disconnection providing customers including million plans, basic COVID-XX we spoken over bill funds our in we providing of special the set and company actions to payment by injustice needs. other and taken out further embrace and were And against we have racial discrimination one for inclusion. inclusion. and to the community to to utilities be enable honored equity, diversity, diversity, equity in of our country and again recognized DiversityInc as top
value corporate our on long-term sustainability Directors, Finally, you more with our ESG metrics tied executive some cleaner, encourage compensation to I aligned proposition. sustainable oversight diverse is to that time by sustainable a are led governance of to progress our about focused include that's practices And a strong read performance towards future. take strong and energy Board performance matters.
amereninvestors.com. You can find this presentation at
of strategies the many very future page our strategy primarily through years annual XXXX compound up X% and rate this included value firmly of remain that XXXX execution growth to our share from XXXX base earnings proposition, us growth and an shareholders, through of in environment. XXXX, our plans and positioned segments experienced May, beyond of fronts we our our as and ability deliver affirmed earnings the X% across to will utility strategy get compound our to dedicated success. which many XX; growth sum for This execution over to the X% favorably our customers, all our our four consistent In well value per and plan, it five-year on done. We by expectation approximate have am our driven the with execute to I growth is compares for annual peers. we superior to has period. regulated team and XXXX business confident investment Moving convinced in
Last In directors consecutive shares investors for the frameworks increase. the future. increasing offer year a with of addition, support policies to confidence important by these plan Xth continue the our our energy Ameren's dividend solid long-term to investments constructive we dividend. dividend advocate X%, in continue month, regulatory board growth to a its for expressed and Further, will by
(XX:XX:XX) earnings combined discussed earnings of expectations, midpoint for with XXXX growth dividend dividend that of our is XX% the earlier, range XX%, ratio well growth. This dividend range approximate our which (XX:XX:XX) guidance targeted stores Given lower factor, future XX%. end I company's payout payout ratio the to strong our of
flows course, call cash earnings I'll combined dividend, be Again, total believe with for in driven in opportunity strong to an today, solid we growth and Together, attractive all Michael. the growth, now dividend return you by Of results future business to us joining over our our earnings thank turn shareholders. other decisions and conditions. addition outlook, will for