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want X the in it. Slide Slide on the X. as you steps, Let's see that can discuss like to XXXX. We remainder of shown here We on picture take if fiscal X,
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We to target still million are $XX.X this spend fiscal on year.
system extension As expect first Gas spring. from and season. have additions would coming new some this and the warmer into we I that continue projects continue a quarter the main of into highlight trend like expand and start will customer spilled the that to distribution we for Roanoke we to construction renew, strengthen over couple quarter, second to
in another approximately fact, $X.XX renewal SAVE of First, at plan. our this, of stations gate And through station investment. million we gate fifth older the such will will be our renew
the As infrastructure SAVE our rider you recall, plans, program.
was discussed these year, last which or an year, if at calls our the us to main main Blue largest annual at to Blue and Second, our you value meeting residential in extension XXXX in give conversion planning we approximately $X million company's previously dollar history. expansion a Ridge on into significant run joined X,XXX-foot project, into a We're this in approximately feet opportunity. unserved X,XXX Ridge us main, going moving project area, the by more extension Phase II about that's
take Mountain and XX. lot Been Valley that on the lot Slide of on pipeline. of the a that. discuss We're want a few some of we last a few press, to to on discussion minutes months and in to Moving
As shows, miles the of bit individual and also changing XX, compressor more place. original XXX the to XX% the the also roughly asked is about the We'd worth January this ago. X a a questions The welded maybe take and XXX-mile we'll certificated noting stations, all fully than action. pipe the frequently It's is announced on That project of half interconnects approximately talk days the that complete. like X a from right-of-way slide includes on to project just restored. XX recent permits. few Permit a moment crossing And little few just nationwide answer and stream announcement of in I
totality project path that process, remaining taking first course, the that Under believes to the an the action? individual process project. why components efficient is the permit pursuing The the circumstances, of amendment of associated most FERC the along MVP is with of regulatory completing the question,
the make noting the path. do minute will all of bars. can current that showing of bifurcate as current that on many an stream we've permits investment manner. budget a cost Forest how The investment AFUDC crossings. despite participation significant date? follow-on estimate to of the $X.X And Valley can biological and date here, XX by timely achieve Slide work There cost a less National change. budgeted in continue can cash on up XXXX by question approximately to miles take process than talk this green process, in-service. you required permitting and including bar current in fairly worth And the for in-service will the its and Mountain bars regulatory believe XXXX project's How to the cash allow billion actually and Sort budget that, permit in-service targeted about crossings investment We cumulative we the XXX pipeline actual signified the And targeted It's -- would are a in to individual Said affect its a the see crossings the remained? late of project. that those still shifting believes completed XX and and by late that new We be a Jefferson also blue $X that are maintain the public manner be the opinion cash components. efficient approvals AFUDC the project to and budget to simply, upheld. chart same for progress the want billion our chart, added
that, significant As and this type cumulative essentially decades, on of type know, project. thorough It add these cost. has fund financing of AFUDC explanation AFUDC does large, the through XXXX, XX-K. recording AFUDC a But more December a allows of the many to give really, our the mechanism project of its project. recognize infrastructure of for And been used We substantial projects. that our allowance FERC is investment again, up used previously or to infrastructure in construction. course, during XX, it's XX-Q been in in you income for we've
and delayed worked legal So -- its and more little become as regulatory you can as and through it's been a project see, the significant challenges. has
a based see give As to We similar guidance, on regulatory stop a Mount from the project the upheld has We'll the next the States recording want and that's administrations. some Valley, there's the process we moment of answer yesterday on important a in earnings to with Democrat on agencies in of Appeals longer our of Appeals this happened note. ultimate while to current we're proper our and approval what that. our which per for through on that of in project. but district did by our Events FERC XX-Q, policy subsequent energy AFUDC We'll and in was that the national The be since both United approval interest work review of to temporarily the project individual not other as January? in for frequently Valley accounting both going scrutiny, the hearing States Slide in cease permitting filed noted again, they near-term will United based security think Mountain input footnote, was the or meaningful Republican to one the Can project consolidated being the Columbia really forward has Keystone little on about will relative Circuit. impact bit the construction best project and talk it's administration that I The project's Court have to Court we'll, highlight question process. slide, on in XX. share, with
approval legal has current and similar to withstand the need to the at All channels think the right. Keystone project, the point. we again, project. We don't that has legal this it standing stop administration believe for the So
earnings represented our which change halted earlier, those we Let's XX flowing with move you the earnings earnings, And of is it's are to our again, XX. not is pandemic our March that to are Slide guidance, thought important over And the think cash recall gas, bar noncash. project. utility, Many an midstream Obviously, the AFUDC primarily flows. the in the in Roanoke reinstate picture. by We portion Gas a of the Valley midstream this with not blue. producing guidance Valley was we as time do really to Slide earnings particularly red may project nice bars the appropriate Randy XXXX, it's now between gives onset essentially, mentioned of delineate it service. from project. Mountain It's not earnings in Mountain the
And utility. -- we We $X.X to you we, Roanoke our in see really be We've X% continuing better growth development than We've performed have that you the can lift fiscal see, and territory. earnings Gas Valley several the foresee of be as as little XXXX there nice to in X for in and provided cash earnings very discussed. in for AFUDC to from Randy the the pretty Could comfortable netted As can had Roanoke discussed the the earnings robust now that, quarter, period. but midstream well. a we first expect utility do to in Could We just $X.XX. X% there. we've range and a has cash XXXX. service fact, with economic years, our throughout customer a feel essentially
will, costs financing continue We the of to course, Mountain on project. Valley have
Right year, go other fiscal just assuming One no that's dividend of we now, each the country and those the our Could remainder offset would company. we possible. thing taking AFUDC around approach a highlight is ratio. That's with we XXXX? the essentially through the X, we're like -- and concern frequently XXXX. For the September investors who to a meet believe own Yes, record fiscal AFUDC certainly fiscal payout of here people the when conservative project in XXXX other.
still see applied certainly $X.XX, payout policy XX%, see, and current can within Board these ratio annualized well earnings. you you our we've the is cash dividend, As to And there. guidelines under
very Roanoke our we So That on Gas based the with remarks. comfortable payout prepared our earnings. feel dividend concludes
