Nicholas K. Akins
growth of that its morning, of of dollar. detail, third decided by cetera, X% X%. industries, mainly financially call. our with U.S. et strengthening oil continues to overall, welcome industries, per resolution albeit steady, also Bette and raise again territory commensurate our to and are $X.XX that long-term are not metals, sectors $X.XX quarterly dividend regulatory board more to a XXXX guidance this in growth our chemical Jo. this adjusting commitment The tempering share. consistent a Thanks, related only moderated for continued grow quarter headlines to dividend in earnings share the primary but such economy share $X.XX given AEP's to deliver strong just with in as others Good We service $X.XX continued from and X.X% quarter per positive Brian economy, will weather The continues to most we're to to economic Okay. expectation AEP tariffs the $X.XX because earlier cover in gas-related and to matters. week, on upward range the providing results, earnings growth, of everyone, completed XXXX of quarter another
our X% related well by board closures, hedging the trajectory comfortable response that belief the XX% This X% a strong future, very plan into should well buoyed Racine to payout been to for bode a targeted to ending within economic an our base quarter another by continue was positive to impairment has to firm and earnings dividend per $X.XX quarter share, the and and for at GAAP and and the year-to-date, and to share the $X.XX per in share third per respectively. GAAP for primarily versus of and specifics and versus earnings year-to-date the share, share respectively, XXXX and XXXX share, The $X.XX brings quarter operating $X.XX year-to-date As operating operating third quarter came This share, $X.XX per for for of for $X.XX on we of and Hydroelectric and announced XXXX operating severance GAAP year taken charges earnings positive respectively, between operating taken per and XXXX $X.XX per quarter fashion. earnings XXXX to GAAP, and difference are in plant per a respectively. in Because Plant, $X.XX and GAAP financially due activities. that the ratio. our earnings XX% X.X%, the be are very increasing operationally
has an at Moving million a of third increase to PSO, late and Oklahoma really rate In net case to This point, Virginia. ROE our the in chronic another APCo requested base case includes XX.X%. the in activity regulatory notable under Oklahoma try activity, with $XX we West filed this Oklahoma. correct the earning September, at of situation case
reducing of interim XXXX. lag of quality subject rate provides proposed a has performance-based positive certain the for that a been service mechanism effect for customer and adjusts intent schedule set April proposed satisfaction while The now rates customer experience. regulatory of refund procedural have the to metrics ensuring that in into We with going
better of financially a healthy for PSO upon based hoping years, certainly be operational a the performance outcome over the PSO deserved. well are We would
the was back exclusion lower reasonable received other Regarding such in we disappointing rates, lower year testimony staff early expenses that depreciation certain May, and West and test as Virginia case known the a intervener adjustments while after that ROE, to order enter set filed into in we regarding been a still schedules there XXXX. with into is outcome. rates an this February, with effect an believe expected March late discussions reasonable in going more achieve constructive to have opportunity settlement in Procedural case of
So generally the premier move it it the or looks companies, on at XX.X% it we to of We like later. a of equalizer balls until the discussion of equalizer overall, chart. But combined the project to range. now, going regulated off chart, with segments I'm regulated as a look call for ROE be bit hold sort I'll that the a company of the our ROE. little different XX% I we're seeing at near sizes because energy to the
across as We underperforming the the changing companies others cases service in as out generally talked recently West our down. of to have area. largest completed time, as Virginia. of have of process, the less the Given size, performance, utility couple But into now generally, is or when of and note and them we I operating historical with be by demonstrated well, then, some our well size Transco Six are of diversity how results. six are process, jurisdictions you up the look that which help And you same AEP. weather bodes interesting separated not or are at so the so geographic various rate XX% becoming to though, as of in they're are the Virginia, benefited at you, the balls approximately size. that And normalized, the of we're X.X% same passage will second territory, and sort in about diversity diversity, remind bubbles I'll companies. these ROEs the currently our companies, either range. in those more it will these It's the look weather of a the for of the the APCo some
jurisdictions, look $X.X with exception you around average at in if equity. billion, So, PSO of of the billion $X.X the Kentucky, they're that
more So really, Transco as and obviously, we'll diverse But considerably, that EEI be AEP a to at good about footprint. well. continues grow talking
talked time. we thing same Ohio, AEP last about Regarding
bubble The payments, PIR, the some and settlement the green at the bubble. the global one gray actually, is You to such a SEET as fuel, one XXXX RSR have a green look here. includes And and gray really refund. the the items
So, But on XX.X%. ROE for the shows AEP equity return it a is of Ohio XX.X%. actual
primarily first roll XXXX I the in the mentioned third attributable a APCo's end was off be portion the a And as year there. APCo end still weather. we tri-annual case cover APCo to over to So, going XXXX, XXXX most quarter legacy and of will for have small we of into X.X%. next in earlier, West improvement review year. tri-annual XXXX of the Virginia, Virginia, will rate period. with APCo's of ROE Virginia will and reviews, these at filed rate by the quarter second APCo, items ROE the is
Kentucky, program of make weather, The to complete, to aspects rate X.X%. helping two-prong we as in better well Obviously, in the advance. Sky being XXXX, region. ROE. had territory weather, continue we perform turnaround in spending, well also, in third case the but I&M year, denominator Obviously, Appalachian business to end as construction our the with is to it the with The it that. disciplined the It's for permanent that up rates associated quarter very And was do with created continuing a favorable programs. is progress XX% distribution economic OEM It's well. the in it in Kentucky, primarily than a terms Kentucky driven regulatory one-time January the and strong investment approach. drive the economic positive true-ups segments, but continuing and during along items. is ROE transmission and that place XXXX, grows by of with grow. when associated continues having from expected And XXXX for units, service with change capital perspective. in So, to process, the all of jobs, in achieved sales structures to all at regulatory rate-making development well the contributed of its second the an part I&M helps called our continuing activity, ROE jobs kilowatt-hour nuclear to continues in favorable development.
from of doing PSO, well I&M PSO, versus second X.X% an about now X.X% So, earlier it's I talked perspective. at the end at quarter. really
as you rate-making Oklahoma. we reflected have really is the regulatory an considerable lag. also, still application there. there So We weather And filed in in for know,
SWEPCO, SWEPCO. our X.X%, that. to So, ROE a more ROE Turk full that jurisdictions, X.X%, in and on of the issue was end primary May ROE, the for the and and rate in the implemented XX the increase for Louisiana year last attributable results the And in at the of megawatts originally is Texas reason quarter for also of at which to the also was weather. around reflect SWEPCO relief third come Arkansas quarter was is
is that reason we while X.X% end declining the capital for only of have annual was AEP at continue to of Texas due the have to grown in timing earnings of we'll also XXXX And the filings second territory. a investments, quarter that the ROE situation. we end So, monitor lot make that for going Texas, AEP year-over-year, on ROE third intensive relative the primarily investments the but the versus the quarter. not to of X.X% at capital
with a obviously The out on XX.X%, lag and activity third the the for Transmission East being due changes has assets Holdco. become AEP quarter percent filed July the reclassification ROE Transmission somewhat catching up capital August. of ROE So, in addition, was is than that equity to lower recent we fully in but at there, cap. due intend the construction the in factor end the there. AEP And to percentage (XX:XX:XX) of higher Transmission reflects Transco's equity total of and certain mainly of
So, drives a higher balance, it revenues. unchanged equity but
as we continue in that do well the very and from continue to So, well. Transmission invest to area perspective heavily
So, part it. that of that ends
management rate to of that has where team couple de-risking in was record an track know not to lot our for comes we dividend of lower the been growth I working reiterate a tracking the our and and There been increase. That that want approved and that remains be a X.X% pride growth, CEO X% with takes and consistent X% is years, will a the while so a of Wind And X% and Transmission. our I this such on in shareholders of of exactly company from, growth would the end company board businesses providing just weeks, advantage as unchanged. earnings great taking don't seven board Catcher predicated have of why talk Frankly, Catcher, to toward externally post-Wind our rate. X% I our industry-leading dividend
utility, a the trying within to XX%. like at well And us dividend adjustment And additionally, we see, do better. that XX% to in As you to premium keep the always range can our regulated puts range. as firmly XX% we're
the focus EEI. OEM capital deployment we'll operating our of. in of of examples There's to be what some curve, I'm on those capital we bend We So, have financials apart and doing process that at robust recovery with of our talking of first left well a on. from within that – no control get intensive, and we're about in Well, about execute Diversity was companies, with Strong there's this and risky capital thousands various night, capital we're units the of projects our don't third-third-third, have industrial; commercial, industry? a to deployed I – diversity I in to regions country what plan; I overhang peers and and of smaller industrial, and just which AEP and business capital thinking the in all, earlier, that support last large, diversity of mitigate projects. operating guess the sets the risk. going in mentioned are makeup, customer about efficiencies
of largest long far. by you growth capital and of resiliency, provider us. that's talk with growing distribution upon financial can to revitalization budget we'll selective deploy. business So, with growing contracted may over continued about ahead the replacement, this and going of we see a construction renewables credit of technology, through And based quality, can Transmission then, also, deployed minimization. that capital have be and not the continued transmission half a have; infrastructure contract with we at risk optionality that companies runway on others terms, wedge that EEI, the our And continued, the And
fit, the a we can We strategy have it as framework capital real invest finally, and and the fits business. then around through year excellence get that. our ingenuity, see year T&D in also innovation And and overall be around of But operational to of That's contracted done execution. regulated things disciplined out. we done general within but renewables, selective we opportunity do the culture what and we've
can last it at can shows they've look seven in of the You earnings, at moved, dividends the you and look the the this company. way the consistency years,
years So, as move played & strong on one forward, into is come Induction, out and leave to an a you you, all More the for Feel things AEP. this year Rock next dependable do earnings but EEI investment for is, you over I and has satisfied, confirm and baby, Brian? we and warm that be AEP's Chaka intent I some regulated my that the I the bet keeps investors at our says, customers You of lyrics not feeling play keeps year be to Hall with position call, our the wife's single, more of from to XX year that rest that baby, premium this I of in EEI. look when be thought She detail Khan, a way the favorites. I used I satisfied. – that a year into of about to happens going you inside. get feel bet never something with you single ballot never may clear XX that about year's a to utility. There's at Khan Roll this I but been the Fame in Chaka me what would at want know it
