good and Thanks, morning, Lynn, everyone.
which full year Turning We for growth X. year $X.XX, over represents solid utilities. of share about a to of XXXX growth adjusted X% XXXX. achieved Slide earnings per marked our
multiyear the plans rate case across For line growth jurisdictions. top and we from our rider year, saw constructive outcomes growth rate
Quarter volumes higher agility agility to and cost lower our on deliver proud full results delivered and year mild weather, of expense. a Fourth headwinds, XXXX efforts, which we record executing including of and strong offset commitments. the plans, team our interest our significant financial for Additionally, on I'm was on
Turning to Slide X.
$X.XX of to $X.XX expect normal We of are represents X%. growth of introducing electric, over $X.XX. growth volume range XXXX.
Within weather retail The guidance than roughly our X% more and XXXX midpoint we
rate updated X including the plans. the with year North of rates also as benefit our historic the utilities, well base entered of year case for We the as Carolina multiyear
favorable base. Kentucky Midwest Additionally, rate rates updated expense expect are updated Duke currently Partially see in grid August. property riders and as taxes drivers from plan effect we to growth rates have continue asset Florida on and as year Energy, the of interest South Carolina the higher multiyear at We'll DEC well from X growing see we for will in Florida. offsetting depreciation growth and and a these investment
continues investments and jurisdictions a all across to serve integrity gas related deliver segment to management with to strong growth growing Our customer base.
higher of Finally, by we the impacted rate. interest a expect and higher XX%. We to ETR effective tax expense an be segment other XXXX with ended
optimization to between we Although we XX%. a our ETR XX% continue set to increase expect will and of robust XXXX pursue tax strategies,
to retail X.X% growth Florida customer in we Slide and electric and jurisdictions, the Turning XX. saw XXXX, by at strong In Carolinas all residential highlighted respectively. volumes X%, on
continuation a new XXX,XXX customer the the years. seen history past XXXX, largest course and we've of company of added In increase fact, the over few customers, over in the trend we
January. in decoupling will reduce Carolina As migration residential in trends. a DEC October began customer and DEP and in North This in positive align with reminder, growth volatility in
We service have in resource supplemental filings. plan economic in development as opportunities significant our also Carolina's territories in growth seen the recent reflected
committed service with provide include site development. data name competitive. X% selection projects, include those often economic territories X.X% upside evaluate period. projects and This over the on letter from the our growth plan, to a that to very migration projects the residential we as batteries, processes are projects opportunities late-stage should demand.
These focusing centers us which give us in Economic potential mature As expectation recognize progress. growth which financial and additional as development very customer or forecast our in in confidence are diversified well across development in EVs, many agreements and most We we incremental growth few, industries. supplier only gives generally and will Semiconductors, load trends from pharmaceuticals our to themselves
safety Duke's that In employees and our for to a cost rooted Slide affordability proven energy execute our reliability to is customers. will record support our ability commitment an for transition Turning track to and of in and XX. management discipline
for to As of will and to is manage We to and customers our expect offsetting largely O&M to flat structure shareholders. we target rank significant by we our in top our ability plan.
Duke in significant XXXX, targets headwinds delivered across I O&M industry we of leader a before, on comes the XXXX, In a a sustainable and creates consistently XXXX flat and the X-year Energy continuous and our agility response measures, in to continue value with when pressures weather. structure to for cost efficiency, our cost O&M macroeconomic be cost culture improvement. it inflationary quartile over variety unfavorable the mentioned efficiencies, driven
Turning assets. the to to carbon-free X-year customer result a as latter in increased is of improve better About of XX. plan $XX which plan and Significant resource as filed increased up update part we as We cleaner base. earnings X.X% our investments further natural billion the our half prudent to previous North we to January generation nuclear The energy plan of X-year represent move a in $X growing incremental system. forward the estimate the our as extend our rate provide plan and rolling our billion investments more XX% has overview spend capital capital capital resiliency reliability of clean gas has an transition, plan. time, the CAGR reflects of the of well in in XXXX.
Grid ramps add over through storage plan, supporting of Carolinas our multiyear I'd the into make fleet the renewables life Slide like a steadily of serve capital base include Carolina will and plans. and spend year the early plan XXXX. Over an our supplemental improved
maintaining efficient rate ahead, strong sheet, mechanisms, mitigating regulatory for eligible plan about a the in is Looking capital smoothing lag balance investments and to customer XX% recovery critical which electric our are of impacts.
Slide XX. to Moving
that robust a current we is we to balance we ability our are remain mind, announced and execute the fund today. Our by introducing capital ratings.
With our committed capital in in healthy to increase sheet, to underpinned modest plan equity program credit
in plan market We reinvestment and using at expect programs. to starting over the dividend X-year the million XXXX, raise annually $XXX
FFO Turning to to debt.
in XX% the our the under from up, drivers normal of monetization provided case programs. to issuances XX% expect of the and achieve to credit minimum deferred improvements activity, a weather These balances, debt 'XX. walk achieving us XXXX in FFO and over confidence supportive have end XXXX, fuel remaining we XX% path by term. the of the rate of We the a and target collection showing to ATM nuclear long PTCs equity give DRIP Compared
more a Reduction about Let me customers An will talk the substantial important the time. savings nuclear element Act PTC. bit over inflation to that our provide of
worked credits qualify to low-cost nuclear the to We several public PTCs intend approved In per last for units the staff XX we year Carolinas, the PTCs regarding of Carolina, the in markets As settlement DEC operator on with we transferability by a monetize that case nuclear an treatment in nuclear order North hundred IRA. expect our beginning in million was established rate of year. of the the 'XX. dollars in
We over over period. credit customers will time benefit the of and allows customers a to supportive flow back X-year the This utility's benefits metrics. amortization treatment from bill reductions to is
dividend. payout to growing shareholders, quarterly and ratio a XXXX XXth dividend, We fund capital the Moving to the consecutive our strong to plan. Slide marks commitment our constructive customer our compelling importance We jurisdictions its dividend XX. intend cash plan, with need provide year the to of understand capital growth the balancing paying I And remains growth a keep our our robust unchanged. and to story.
anticipate a target updated our to decline payout more with in from over years, pace. Over current the minimizes are XX%. XX% ratio, next flexibility the in adjusting steady XX% our financial ratio additional XX% investing the This and consistent external is range X we provides payout needs company time we equity to to and
us business through your value ability tremendous As the XXXX. XXXX. was and XXXX deliver approval have the for fundamentals our to closing, always, Board Directors.
In giving momentum X% dividends a our open execution, line of and that, sustainable we'll stronger year into of be head subject X% of questions. in than confidence The as by we will With are ever, we to growth to
