the joining thank and beyond. events Thanks, and team's operationally strategic ahead. provide satisfaction XXXX as efforts And in financially the look to team years customers and Andrew. company hear important, our for our recap Good ahead we for accomplished accomplishments results, and morning, results XXXX. collective and you What discuss us. financial in morning, everyone, higher for that strong XXXX goals produced shareholders our Ameren the and is position of that just to levels will returns you'll This strong
Those significant jobs tax up enabling opportunities. opportunities communities in also and take towards to again development our direct bringing are but revenue. states, investment set from meaningful benefit we to incremental deliver offer XXXX, results strong our In to steps economic
today, the discuss needs and driven industrial that Ameren, our sales meet accelerate to by it for growth And demand. energy capital investments to we means as need the plans
Starting on Page X.
and optimize strategy: advocate our our year be responsible energy to continue by frameworks, and and on rate-regulated policy communities well guided out focused This solid served for will customers, strategy for year enhance for maximize has our to in shareholders. last regulatory remain to us to execution X-pillar we value operating and decade, and invest performance. We infrastructure, in the
me pleased that on all outlined XXXX performance at let to key that, time and page. summarize say business I'm our we on X. Page With this accomplished last year this our objectives
costs $X.X Importantly, billion secured in service. infrastructure, and regulatory we reliable energy investment timely future approximately operating invested approvals while energy strategically prudently managed for delivering our
XXXX. of above adjusted announced midpoint. earnings $X.XX share per XXXX in result yesterday, $X.XX to And adjusted This our of was earnings we share XXXX per compared guidance earnings
infrastructure to Midwest of Turning our to highlights comparison of during the service making performance low storms keeping investments drive benefits ongoing improved in for our Page continues year. customers. our averages. this severe are rates improve national our The customer strong the X, system grid we Further, strategy while demonstrated investments to the in resilience as of reliability January and and of successful the early winter execution by customer which
of potential minutes time territories Despite Illinois. Missouri challenging in outage and million prevented over our improvements conditions, across grid X.X our service
had Missouri's no Ameren we Smart through Energy power Importantly, been already XXX miles updated more lines that the of have issues Plan. on than
for Page shareholders X, summarize strong our we performance On over time.
guidance like or range. midpoint past, goal, within at the higher Our said the we deliver to is in earnings our
which has Our was index strong utility return driven dividends since rate annual approximate annual above X.X% weather-normalized same risen our a nearly over XXX% have XXXX, significantly increased approximately growth at XX%. compound earnings an for This total per averages. per while share have the of adjusted our paid share shareholders period,
X. Page to Moving
growth customers at opportunities ahead, to to we service bringing As additional provide safe, reliable will to rates to opportunities XXXX, on be continuing in look our the while focus our competitive responsiveness do our transmission safety, states. energy infrastructure approximately reliability and this, bolster to gas and natural in the the by security, and foremost, first billion We'll of $X.X electric, grid. investing
achieving new outcomes regulatory and that to well advocating reliability policies communities. Further, meet enhance we're and focused generation as to enhancing on resource plans businesses adequacy for customers' as constructive our needs, attracting our
As always, will to objectives, work while operating on accomplish remain we as effectively as these efficiently and we focused possible.
X our outlook. update Moving on Page growth to an for long-term
deliver X% be We share. continue $X.XX to The extract Building per share midpoint a results. through of represents XXXX, to $X.XX XXXX X% strong we to share to midpoint using of earnings of compared range XXXX base. share growth, annual range record earnings to growth per our growth share guidance on compound per execution per our $X.XX XXXX of as the of approximately and X% in earnings expect earnings earnings the to per strategy track XXXX this adjusted of from the our
strong opportunities about investment infrastructure sales We're those long-term more about I'll excited growth. ability the front a our confidence in moment. and robust things in deliver which energy strengthen growth earnings in to us, speak our of
addition X%, an represents of execute business of Directors per in our In dividend share. in of our consecutive our XXth annualized growing year to share, dividend, last by confidence Ameren's and Board approximately resulting a increase earnings rate continued week, dividend to Board quarterly ability outlook This management's strategy. our which approved reflects Ameren's of per $X.XX increasing Directors of
per our dividend XX% Combined, to grow share. line our return support dividend earnings of growth proposition. share to shareholder we our from for ratio with to payout earnings XX% these elements long-term expect per and total ahead, expectations strong range Looking our in
outlook. to Turning on the more XX Page our for of foundation earnings
Plan driven base infrastructure, in Plan, which Smart Ameren plan, Energy Missouri's is energy Rate earnings rate awarded included projects resource incorporates and long-range long-term its Ameren Illinois's and preferred in Ameren Multiyear robust by transmission strong growth, investment Our planning. expectation to reflecting growth MISO's
capital the driven generation growth rate sales updated our capital grow out our accelerated our compound reflecting robust base see, This Today, to by can plan in at serve rate to primarily XXXX as X-year expect investment from through last X-year And annual plan. base rolling a February, increase we XX% forward is needed XXXX. are we our compared expectations. a laid plan you X.X% growth previous to rate
Now for XX the capital our detail more in opportunities the driving turning plan. increase significant on Missouri to growth in Page
expect X tremendous economic years. for We the X over next opportunities to growth
for multiple increasingly, a region sectors biotechnology, health from economy aviation, Our centers. to plant concerns. an financial manufacturing and And of it chemicals, attractive and spans services, beverage and other and life manufacturing, logistics sciences food is location data care variety
economic plan XXXX to sales up compared growth our expectation through annually This are of Missouri assumes to XXXX XXX retail intention weather-normalized of expecting sales X.X Based by approximately Service plan we pipeline, consistent Public gigawatts expectations the megawatts X.X%. increase plan. the end end of is flat notice resource by on and by our robust our compounded from XXXX, now with development the preferred XXXX. the we load X.X% of with our growth gigawatt a the of update approximately end our Commission to filed prior XXXX, total X to of of That
to agreements be third for quarter earnings call, are energy our we signed X.X Earlier approximately customers to to review would expedited X.X These acceptance these construction week, bringing our necessary transmission center to and industrial April. gigawatts. with which receive expect system, to we new modified Since project this have for load our subject under new of agreements service. a total developers request in of agreements approval to the transmission submitted tariff additional gigawatts interconnected construction MISO related load data
by to for Further, center we are second the actively file customers, for we Missouri and modified Commission working customers, approval including tariff expect tariff a the the data propose to with large Service quarter. industrial Public of
While of remain optimistic a region. to across with for our the to would year. attract before We the deadline we'd aligned new there's key commission that we stakeholders end approval, tariff no state businesses are the decision the effect in the be in receive efforts and
our beyond continue Our we maximize economic robust opportunity value customers pursue remains our and to agreements and will development communities. to construction current vigorously each for pipeline
slide resource have serve could on But green expect to XXXX the of outcomes gigawatts ultimately range out, planned and growth we to thereafter. indicates, sales on demand our the by X more new As capacity build generation even occur. a of based our shading
generation growth -- needed construct plan notified other the sales the for IRP, to XX preferred Moving Missouri on Missouri September then Ameren Missouri's are PSC plan that the resource considerations, to in Considering Page and key for XXXX the time significant lead plans. generation years. the generation changing XX new out potential, update our lays next our an we which generation
cleaner additional of designed serve resource energy cost of a to provide The our gigawatts I of planning to a lowest and reliable, customers. by as mix new X.X provides balanced for plan mentioned, XXXX. mentioned, our same: key objectives it resources outcomes. range And demand of for the is our remain preferred As
life gas storage, plan generation potential up preferred generation years Center our of and acceleration of and to Our XXXX. nuclear of by acceleration battery by expansion for additional natural the [indiscernible] X and of solar Energy in calls investment investment, generation extension
to generation In represents total, and when IRP. XXXX of investment $X compared planned plan by the all represents approximately of for change capacity costs the increased the in gigawatts billion in X.X XXXX XXXX addition factoring preferred by updated of resources,
this Missouri. in of reliable plan will foundation investment Our the expansion economic lay execution for
of and preferred Page the on this the Plan further XX Preferred IRP XXXX details from For the Resource new plan XXXX between differences resource C presentation.
placed expected development. the for power past to representing of generation new we new placed annually, the $X XX facilities execute were X facilities was This billion of start service planned. and as approximately quarter continue sufficient the just on Turning under year solar fourth in the to portfolio generate Combined, megawatts our to robust Page recently an IRP. during are XXX a XX,XXX or totaling update investment homes X additions. energy service generation to and XXXX to in
Missouri in approval We additional battery we and another under X,XXX of months. coming for construction. megawatts file generation currently And generation the the energy with storage expect PSC a approved have request to of
which update. lead significant the Page and to opportunities billion The bid, believe worth these track critical $X.X $XX to for billion and a high-quality December, portfolio, as Illinois. $X.X now are approximately transmission has for of in In billion competitive grid of transmission to open record all and portfolio nearly selected Moving to Ameren for approved will projects Tranche these we positioned capacity X.X strong billion Missouri Illinois. cost-effective and provide a $X.X of expected already MISO projects, which MISO of benefits also XX compete reliability infrastructure. region. is have infrastructure well operating for be which we are in includes developing a We
MISO assess followed development by long-range continue of This the transmission region's transmission scenarios to analysis portfolio. project years will energy to Tranche the support the needs to current be our ahead. and in owners expected its future is X.X
began. frameworks session for Reliability legislative XX for under test Missouri bills planning and Page Power Several update. In integrated to January, Missouri First Predictability Moving modifications legislative to for future Act, the year proposed opportunity Act, regulatory the and including gas are a water natural and utilities. the currently the resource consideration, Transmission
Missouri's various stakeholders in efficient and these reliable a remain While months the within at ahead engaged the to are creation energy future advocate energy and communities. economic they stages actively legislative constructive with for commitment growth bills policymakers Ameren job to enabling process, our supporting will key collectively in policy. demonstrate and and
XX to investment XX-year on Page for our pipeline. an Turning update
Looking over $XX reliable, significant grid by stronger stakeholders deliver investment of pipeline will of and smarter. to ahead, value robust energy we that all more a opportunities our have making our of billion
our support many local will thousands of these investments economies. within jobs addition, In
Of meeting course, our our critical robust will region's delivering that in be constructive investment on needs infrastructure to customers' and energy policies energy energy expectations. support
Turning will XX, beyond XXXX our to in now convinced sum value We that remain strategy to proposition. continue customers Page execution up the and our to shareholders. superior deliver and of value to our
each earnings strong to driven rate infrastructure their strategic regulatory based frameworks. growth our annual X.X% Our on growth of business compound of of segments allocation and are expectations by base investment
our story. and a opportunity an to earnings our Investment ability in have in Ameren's attractive results strong team. business elements X% utility growing Ameren record in total growth our segments. growth compelling an track X% seeking we of high-quality across in all and an team's confident I'm presents a those strategy story. of experienced plans and for strong long-term to execution of Further, management X other attractive return dividend investment plan execute our a Combined,
you the to all joining turn Michael. now I'll us and thank today, Again, call over for