and for Bette thank Thanks, Okay. joining Call. Fourth XXXX AEP's us Jo. Earnings for you Quarter morning, Good everyone, today
in later fourth XXXX. that impacts move the year to strong normalized As growth pleased back with XXXX, weather look since at the said, New year. quarter into strongest and load for Year healthy albeit are dollar. XXXX tariffs issues economy remaining tempered Favorable continued by negative With trade the the the of and the for the solid was we the and earnings report into the quarter, we
we'll close the growth growth on and gas and as in sectors customer We growth good, well. growth continue counts and and keep oil makeup. economy watch to primarily residential the and a see load sector up but continue, customer the the pick sales load Overall
quarter the on to earlier, to for $X.XX and share all and during a our share $X.XX for from XXXX per delivering XXXX, track shareholders you guidance of pleased As came $X.XX but consistent to $X.XX per we revised no, this earnings personally last in been operating of the we to and with one these to rest employees with the I clearly see the share. has in as I work year revised upper the was pleased very emerging our $X.XX being very AEP. and at experience dependably over year, better hallmarks a years results. X record of solidly our how customer to We're continue what while per of team am take even of Brian this the third the achieved. more have provide brand end of the great guidance the
tax XXXX, earnings in the take per let's adjustments. $X.XX a $X.XX year-to-date performance starting look This per operating XXXX. So to between $X.XX XXXX year-to-date XXXX earnings earnings versus share quarter. in impairments earnings versus operating $X.XX numbers share in difference $X.XX operating brought actual and total versus generation GAAP to earnings per XXXX per financial share for share and share and GAAP plant-related of of with in $X.XX came XXXX We being in per share GAAP at the per $X.XX The primarily for fourth per per share and versus XXXX. share with the $X.XX the total
even this Kentucky, Oklahoma, five from regulatory refunds state unprotected to from primarily in generally as two heavy with outperform earlier or any which XXX time, and continues well. year were undertakings the the various depreciation amortized over Indiana, and applied reflecting also to against ranging concluded in a of ADIT these increasing Tax did rate expect perspective, XXXX. described jurisdiction year, S&P a are reform-related also premium activities various as and in well very states, rate that Texas. AEP adjustments, headwinds the utility. not as states in in excess concluded additional orders have states the proceeding All major we definition being Moreover, periods order Utilities AEP X the earlier year. or environment, also West Almost X this riders the [ph]. interest pretty year will impacts cases all an Michigan, regulated last of AEP X rate and conclude over XXX I Electric Index We cases year and at said the year S&P filed periods. Again, Oklahoma Virginia during
year's Have $X recognition title of You AEP's So range for the to Hall in Jackson past, see is share. per hers talk earnings the inductees Lately, XXXX $X.XX songs one for Me about great performance What we Done this per Fame share what let's of Rock one the XXXX. and operating but of of Janet of in guidance
we not in As our to next allocation disappointed EEI continue during be the to X% financial opportunities said plan, we range been financial rate. last among on to years, very plan, the our our X% have upper $X.X of say and our billion XXXX, beyond and businesses the capital grow in for including we've disciplined capital with had November X ultimately renewables to outlined additional focus growth
forecast reiterate I opportunities exist. integrated the of represented upside resource will regulated by various jurisdictions our not in in plans renewables included Additionally, our potential are state filed the capital certainly
the technologies the automation as while implement to curve and to continue efficiencies through experience. bend O&M process to digitization also as We customer improving drive well efficiencies, work
due the the various optimization, use wind other facilities opportunities, of SWEPCO to resource opportunities, Regarding deliverability of versus jurisdictions such Vizard's PPAs. we plans balance up of [ph] state with renewables to new representing have On and risks sheet March of on all factors and scalability the megawatts PSO and X, integrated focused X,XXX resources. these as of RFPs primarily filed ownership
results regulatory RFP of determine the in August, will file the the state each We will and path forward. process circumstance
solar capacity message in This resources DeWine derive are all XXX-megawatt and this and It issues process is review that this and Ohio week forward the customer contribute the of advantage very which creation, utilities to view of process governor the PTC directly be week broader important to the we AEP question based or in technologies. a end other otherwise of continues, renewables, facilities XXXX. in construction for state part regarding taking of XXX job resolve next by regarding available. will would position reduce really Our push which the interesting hearings, to to XX% ability the and because XXXX, this is value thereby interested case renewable provide be not us starting for are megawatts others. note completed to continue on accessibility strict scale low-income of Ohio. goes is contemplated the the of to question development stated is The that support on to and access focused need economic for this inherently earnings continuing equipped these Ohio. definition to renewables Hearings types resources After costs the to these the universal that will of
as in finalization West rate far as, As soon filed the a - earlier, XXXX I cases of cases completed load are Virginia Oklahoma we in rate contemplate we cases we the X year. mentioned heavy of the await this rate already and and concerned, states,
well. rate cases in as filing be Arkansas as also will soon Texas We and
be the that the major among the in West order including a settlement commission. Virginia the we parties already in we agreement staff soon effective March, Regarding have from rate should is filed case, so
believe than law forward be keeled for positive in the test at underachieving least in has various tenor is pressure our years case perhaps we where been went riders or have regulatory of The customer a our proposals this the still last know, third from outcome parties from slightly nation. try satisfaction all we with were receive while filed of has spots you performance-based the but for to as concept Oklahoma with by Oklahoma, and that recognizing could filed, financial providing among ratemaking even and at there reasons, of distribution lag. concerned the we through are operational the may ROEs this been the options lowest of alleviate performance. testimony is bright Regarding we viewpoint stand Interveners a where point excellent some locally staff higher
Tulsa. As to I down economic process the in concerns long the these issues, renewed the no ultimate ask would AEP of in doubt find And and the stability the important state make like for presence, over NEC standpoint the government and we'll to always the the call way Oklahoma, a making in settlement development economic and as of have help Corporation integrity Oklahoma but open call. we business Oklahoma to and referee to in centralized be championship right development our and resolve we'll of the not come Oklahoma XXX out. is We're from go. different discussions not parties invest AEP regulatory perspective them the an the that to really employees open significant This its has expresses, with game. PSO, of from PSO Commission to
interim rates Oklahoma expect place commission order April in be and We in from in thereafter. the soon an to
in over So XX.X% operations project you versus Overall, be very lower slight we O&M regulated the versus remind here. currently last the quarter. generally fourth the the this ROE now regulated is in the last the our actions was reason chart range. segments combined I'll state tempered versus in for equalizer The XX% year it of decline talk quarter quarter turn X.X% quarter fourth from the to for the I'll in and and some about the that to X.X% to primary weather ROE as quarter. increase four three had year we spend
adjustments were So made there. some
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then the and X.X% So year, also versus at of down improve contributed Michigan previously XX% items. slightly the continues in the spending the strong unfavorable the I&M is was both strong results last quarter. as I&M as great was progress XX.X% in retail versus was favorable margins. which quarter. of year. to fourth primarily rate and weather. O&M but Kentucky. end Favorable X.XX%, the in XXXX reviews And concerned, Indiana third true-ups due at third with to in over in in driven talked far ROE to the quarter fourth regulatory X.X% is by associated ROE about mainly posted I&M. was we've quarter The onetime This normalized the ROE PSO's end PSO
year, that of end the case. X.X% XXXX as the the resolve May is issues. continues ROE ROE lag, impact continues to of [ph] had so to be as plant. Arkansas to in you retail at ROE was implementation at quarter. this the their the related of by effect. XXXX. fourth the well, those case an address end X.X% the the ROE X.X% at end FERC about reason rate rate affected to the some ROE of base of SWEPCO, Arkansas versus quarter rates. decrease case Texas impacts the period recent in quarter the Texas was we company of to December of an the regulatory try we'll an by third of certain so that has there the file back share $XX The However, XXX recorded challenged, fourth primarily continue SWEPCO's contracts a to most million plan Primary points. with at wholesale basis not quarter. SWEPCO We know, X.X% It's the ongoing issues. versus because that to of expire date SWEPCO's rate be for during with third AEP customers filed This also and the end have in
for more the associated has so some due XXXX for have equity versus actual ROE at significant treatment DCRF in due the annual timing-related difference in the recognized fourth quarter regulatory balances earnings reason heavily lower June true-up. Transmission property of equity timing capital filings, allowed will to us [ph] invest we rate and down continue has and our rate annual file growth the in base the and to quarter filed of taxes applications. depreciation as Favorable formulate and to it's T third Transmission and lag associated grown third factor, and primarily cost year-over-year, investments made XX% was there. annual taxes declining and former but AEP to revenue we While end to Biennial lag ROE fast differences be in the quarter, balances with make filings rate is spend. This Holdco, O&M with our along the continue versus between projected in taxes XX.X% significant
range expect all, continue X.X% previously, a also ones talked little the in expect range, continual we in to about the we that the So that XX% we all to improvement in lower. and are still within hanging have bit
track song real of results believing, you're Rock I the Brian? in inductees, delivering range have Hall scores midpoint Borrowing years guidance quickly, AEP Scott, our When a magical Leopard, earnings well from the year. XXXX, exceeded every I consistency the and fact, our of So start two regulated the another tremendous each of intend our operational need more is hysteria. move to better premium the from X record we as in of forward last Hysteria, And hope financial Nods you having but quality we And that into fact, settle get and Fame a building positive on such year's within range, delivering great and a is, guidance day. utility. feeling, cowbell. I upon words of have and in this Dep
