and morning, us. morning. happier joining with X on off this the call Thank for you to today's on us with great Bryan we today everyone. well hope him to I couldn't be have by started us Good It's with and you, call. like morning Bryan Jason. thank I'd all of you this be to January welcoming to are certainly and you start
So, business. turning to the
gas of resulted the peak an cold resulting demand electricity. our also couple The spell for supplies, a territory, natural in in spell cold region, course winter a experienced including that natural extreme prices. weeks, disrupted the gas Over unprecedented prolonged service of record
customers the course record employees, experienced temperatures, experienced fleet the efforts snowfall minimal disruptions. and generation territory the our of of our week. record Through over our service our While admirably performed
the gas of conserve day, could natural so our power generation electricity, each at plants. be heeding that customers, And serious did so call shortages online avoided. our Every we more to had and
costs range be Our and anticipate alone result fuel created, of $X billion. event a power purchase storm purchase in We regulatory than of for power were million $XXX as this asset fuel to our to approximately more costs will that the of in and XXXX. the be the all
continue XX-year included weather to events the be will liquidity proposed a a regulatory customer. to cost. asset bear the XXXX yesterday, of it customers, fuel cost requesting and our of we an event of will approach this cost To the bills. over $X XXXX. impact certainly for of to to balance calendar secured over that our avoid events at understand our Corporation mitigate help We work to year. this defer We treatment end, our the and and have we average a in the cost books to beginning entire January to capital, the clause, We that we customers requesting commissions the adjustment pressure will amortized to Commission, asset the of lessen that We to on billion help the an with weighted mitigate cover additional a financing at carrying or weather adjustment to are intra-year through alternative impact cost our our customers our the To the charge these bank collect the costs. weather requested a monthly fuel the we balance the event regulatory Oklahoma of have filed having remaining significantly carry on impact believe period, and application portion on customers' OG&E regulatory
We financial XXXX of the Bryan will filing in discuss moment. quickly as well. similar February make the weather a event effects Arkansas expect to in a
to of proposed an and merger which repositioning Transfer. times shareholders. Enable after-tax utility. over has with more important shareholders, between for will support CenterPoint a billion Energy made step for consideration and investment much in the Turning successful to we of announcement Energy to formed in at equivalent From investment $X Transfer, an $XX return our in merger a last partner million units into Enable's Enable. returned approximately of very week we our the been an Since is limited acquire interest perspective, will benefit the as Energy us Transfer closes, modest Enable million. own pure-play aggregate from is We our after-tax general will return. which X.X point the $XX pay also us liquid a When X% partnership some cash XXXX,
will a midstream Energy agencies. overhang us will We responsible units how this from the us allows let goal expect on Transfer taking and balance taxes to allows we and that of considerations. does in the the investment be we exit market do to The consideration when we to achieve transaction thoughtful But close to lower exit be thresholds clear, our distributions strength rating and into so downgrade create way credit sheet year. our our me of later not
$X.XX this earlier of financial earnings reported our to morning ongoing results, share. per we XXXX Turning
high from We of also $X.XX $X.XX our share. guidance of earnings reported per of OGE and holdings earnings revised ongoing at end the
from is per rate. load guidance X% this EPS utility a XXXX $X.XX growth is X.X% share. is of to per to XXXX is The Our guidance midpoint $X.XX $X.XX equivalent normalized and off and share range growth based
off our rate of earnings Additionally, the midpoint of are guidance long-term $X.XX. growth that XXXX is morning this X% announcing we based
February to a the impact me take discuss an let higher. So due does that sales moment temperatures, item from the to XXXX. extreme Obviously kilowatt-hour weather were event
by senior is provides their which citizens subscribed bill. one largely offsetting is and the and programs around Guaranteed monthly a Bill lower-income and However customer program households Flat annual our is this voluntary of uncertainty program
expense the this under program. fuel We will incremental incur
thankful and the with are these the had into fuel will certainly commissions unprecedented we've of and our the go XXXX guidance. XXXX he bills. when in of and more details results to customers Oklahoma program mitigate working to this benefit during Bryan are impact that been Arkansas discusses increased cost to event and We customer proactive
X.X% Turning reported Arkansas our Arkansas Bureau December to and our U.S. The strong. grew economy, had we In and impressive recoveries continued our an Fort base growth by Oklahoma remained Labor the Smith customer of Statistics at rate customer the and X.X%. economic and economies resilience and of in state across service while X.X%. territory. the of had unemployment at rate X.X% seventh metropolitan Oklahoma's of showing our areas strength lowest the rate the rate Oklahoma came at large City for unemployment unemployment
jobs off. our development $XXX service capital economic certainly Our and are investment by in businesses paying territory XXXX million additional efforts XXXX, XX projects of had our territory. we in service In
recording out in mild our securing last We role the resilient not Oklahoma we in continue customers safest accomplishments most teams customers. our the storm how a ice significant each accomplishments. for was Year's Eve to number including Turning challenges expecting recorded were crucial history company played system close enhancement kicked certainly unmistakable. weather company not unusually in snowstorm of miss more We its for anything our in five second the a New mechanism in The year employees. in effects as and of investments a beat, through destructive however we up years protect our weather year world but was making reliable provide of October and off year our did communities a the to set our of XXXX, projects the summer our excel of COVID to a life way support grid adjusted quickly which the last The in to safest late year and our customers. history XXXX for weather life recovery and to our ever. From the will to energize processes an this
in new case by are in constructive With negotiated filed April. a expect increase same that restoration successfully final in that for these seen these Oklahoma enhancements We fewer we a positive the outages commission awaiting In provide are rates allowed we've year. order including Arkansas, last grid much expected our and to and maximum third times. Arkansas results the faster settlement formula rate we plan the our customers and permitted that
to XXXX, grid Arkansas several and have exciting projects. and file Oklahoma Arkansas enhancement the our of Looking continuation items integrated we ahead the resource in year. later an works both We'll Oklahoma including this in plan
for formula will the Arkansas file our next and plan We plan filed of to which rate later than filing be our general has Oklahoma 'XX. first review fourth our quarter no we'll rate in
later Arkansas We are and expect it our summer. farm solar to this in first be operational constructing
really exciting are for finalized the working that around And of I you working and We our understand we sure been that certainly have and they're lot to want couple some have make a these months. next announce, lot we'll on we've time in communities. over a projects
proud system. our ahead I'm five we've accomplished And billion what in our in what So lies years. for last And invested the we've of $X.X company.
lower of XXXX. cost was end O&M is per customer the Our it than now at
XXXX for And not O&M, shareholders will that, deeply real said, savings by to year-over-year. serve. and objectives form in forward. driver below XXXX. cash we $X.X compound more shareholders billion the our we rate top structural real, And guidance active in you of the rates sharing long-term If look responsible at some in emissions Utility. and been cut our more of That's the original committed approximately annual XXXX. in our stewards. regularly we would than guidance be nation. at We'll are are And to X% growth were economic initiatives. We've development benefit those ESG of our they're going key customers. lower And that communities. we our for of they be advancing We're now of our dividends, delivered growth our for it's communities greater a XX%. returned what We million a if these COX We've deliver always on in in lowest the stories and embedded consistent have delivering We're results, than $XX
target compelling solid a earnings of our and a expect look between of XX growth thesis, have growth experience. or last delivered backed compounding annual our by our customers' you rates And in deliver to X% improve we record true five X% and the investing lower-risk investments to X%. track years to by keep performance. commitment When over that We on investment we've
jurisdictions in industry and which We delivered balance in increasingly of regulatory growth. real we operate dividend have supportive protects load outcomes. have strongest our one the And the that customer are experiencing sheets and
our should shareholders OG&E. and decision to in own You your confident invest be in
to proud anniversary is earned care better throughout health a Hero, occasion. Before way donation our celebrating close, to last heroes, their no care year. health efforts. And to By this OG&E we're especially I support workers mark frontline critical its XXXth title of our can make month. this I have honoring the $XXX,XXX month this the think
accomplishments XXXX results We those are of continue to deliver and our poised to proud in in XXXX.
has Thank winning the on I COVID you I'll all we're to winning the Bryan? downturn not the While but And over that confident, impacted to want all call us, of of be turn focused recovery. you. now Bryan.
