and financials thanks you your quarter though Okay. everyone third summarize call. is earnings welcome AEP's in the the Jo call, but willing as even but of later, still a listening to my joining quarter retirement, we will time for the view I'll I'm the call. in first update and Bette forward. little Rozsa for quarter year-to-date on for go is Thanks, she Brian the Darcy,
warm during positive good the the had have quarter, to in closely are say, load into is last last lower to weather First, some supported watching still After comeback. O&M flat making year. load and We're outcomes quarter I And continued this second generally or from it expenses. to next improvement see financial the year, September, quarter, a success fourth but quarter. trend that regulatory remains we results, now previous positive great our through reflected by that being in a management is
midpoint $X.XX based growth our we We're Given new guidance. share upon operating and share per $X.XX from to are to to $X earnings X% per rate guidance X% all original with also our to a $X.XX reaffirming range of per share. for XXXX $X.XX of narrowing our that, raising
XX% $X.XX the a our increase week a us increase. earlier from X.X% along authorized $X.XX to of years, AEP share to to the with keeps with of for per And Board X.X% averages the increase share, commensurate an growth X.X% a payout middle in increase two rate. X% Additionally, this increase our to targeted last last firmly earnings of XX% range. year's $X.XX This X%
to grow in continue line our dividend We targeted our ratio. the to firmly and earnings payout with expect within
areas the let's step few highlight So into quarter. for a
plans requirements PSO consistent point. both schedules been SWEPCO state January Arkansas based farms upon of North requested and service all schedule Central and PSO well. third Regarding as projects, XXXX this for and in recall Oklahoma Invenergy the Oklahoma, at determined integrated in would currently acquired Finalized in has dates XXXX. procedural the you Commission transaction development filings under three on in and Wind hearings XXXX wind our July of Texas Louisiana, of this approval had have of resource state by quarter, approvals Corporation with as we jurisdictions the XX FERC within various set for made The the in we jurisdictions. we Also the during
of Commission set schedule for has Public Louisiana February for for Commission Service has hearings the SWEPCO its and Texas Service the March XXXX. of Public Utility hearings Public the XXXX, Louisiana in XXXX, Commission, also March Arkansas scheduled set
I'll discovery that and once summer remind in of track working process each projects are capital plan. XXXX. by again So we're receive we're with currently not on decisions everyone final to the these in the jurisdiction, our
to additional solar applied we request our this Ohio our have a a provide decision delay path we PUCO. credits existing for customers, HB to the concerning be regulated and change, temporary X followed benefits project from Commission. to solar, the Regarding the has await before cleared to With clarity
well. we is the XXX customer Ohio, subject focus are further investment customer on progressing hearings improve with on HB and technology the experience. of opportunities important our bill to grid in behind-the-meter modernization, This continuing deployment While regards to
customers allows to in these is to allow provisions is with PUCO. generation business and obligation no modernization, changing grid for There energy the plans economy. universal continued customer to at customer optimization the our filed benefits to electric security the and to doubt access that technology, distribution company include be Ohio's provide retail experience to regards us clean XXX able improve HB This in opportunities. rate service efficiency level further electric and grid distributed to modifies the the of the provide our
Our have resources, and wind as continues which projects to end performing opportunities facilities, the from portfolio of contracted assumptions and recently well. toward The well. acquired the development benefited is acquisition perform upper renewables, making are progress the good development
harbor of year project announcement an long-term really We as end expect one the backed look grade equipment are well. there have the safe place service release and that in to a an all in good to we PTC in that XXXX the contract of pipeline by with others and using by investment expect counterparty project, the
an Our received once Regulated the Utilities I to continue take Excellence just Nuclear a moment again at congratulate well. that Cook Rating. to perform our Info to want very employees Plant
else rate from operational that excellence update belief four that you with major cases for the and I'll perspective. wishes on. midst outcome of AEP strategic pleased the a in very anything exemplifies We're foundation to are our that that We is this achieve
we years. investments no Arkansas, X.XX% years, million and case process order to requested we disallowances approximately for company note settlement have not rate that on rate five a and with of $X.X generation a Arkansas parties The million It's that base net formula the in because or the $XX the filed retrofits. increase. of billion followed a ROE In includes environmental this a on included case net important $XX XX on all made increase contains
rates move Commission Service rates with January in approval to effect forward The rate settlement a decent Arkansas new settlement Public base a with go of all in assumed in all form So, of XXXX. to mechanism.
of net forecasted case smart increase that million program support new test Indiana our In in XXXX AMI ROE the nuclear for a filed includes vehicle Innovate rate a XXXX XX.X% $XX Indiana, continued of we meters, The year. supports technologies, grid a and Cook charging operation plant, of for and case with of May energy. renewable expansion electric
and and We currently intervenors by testimony. been staff I&M are in Indiana ongoing. hearings does file Testimony have with filed and already filed September testimony not
go XXXX. XX.X% a ROE In XXXX increase forecasted net also June order and March an expect on base requesting case $XX million year. rates with test a rate a effect We in in to a I&M filed by Michigan, of
also The follow with trimming nuclear increase. in order hearings Michigan our staff and through ROE recommending continued vital commitment November AMI plant, million $XX includes a with to We'll operation a has upgrades in tree and support X.XX% plant testimony the intervenor testimony of also commission expect been reliability revenue Staff with the November meters. equipment and being a for XXXX. April filed of in distribution Cook and
and and of And lines, includes net request lastly, XX.X% use rate AEP, Jobs year. associated of that with D&D retail refunds test we case, for a included of Texas regarding base along provider's increased case $XX the Act charges electric reps Tax AEP of credits with The and XXXX. a Texas a to Cuts the May with XXXX requested million ROE a rate filed increase rate review in
tax PUC reductions forestry a distribution all the depreciation The revenue incremental both and incentive and in transmission related requirements and this expenses upon staff removing ROE August distribution testimony various with other based adjustments. and expenses X.XX% and
the The in in been ALJs The from fully mid-November. has AEP hearings concluded and August. we case briefed
We in presentation. the of Summaries the the cases earnings slide and then commission exceptions of follow included a ruling of XXXX. expect all will are these from first in quarter
moving economy. the Now to
spots and quarter Many this bright has talked economy by of being wages. higher low have consumer, to forward This about indicated unemployment some the because driven consider.
well service We territory. that in are our as seeing
industrial overall is and down, more While both residential quarter but commercial improved from last expected. still than are
record and than growing We going X,XXX wages territory to in back have on unemployment the are our faster inflation. lowest
The even sector which seen last oil the was strongest industrial the sectors, and overall have since improved And gas growth quarter. in from XXXX. we've
know you and As residential margins industrial. our commercial on higher and are
financial So overall results are positive.
would time return the I regarding say for a it's all-in-all economy. optimism of So
graph. now operations was The XX.X%. We the overall project be X.X% generally ROE in the range. equalizer to combined to regulated be It ROE last for X.X% moving the to segments is currently XX% quarter. to So, regulated our
quarter expect includes favorable We we the have a in second of results long quarter The track record increase of that third to effect delivering September. for versus XXXX the this weather reason these and continue.
I'll behind second in size the you note you Transmission largest power. Holdco It's chart. bore above AEP utility the for interesting also the not Appalachian to is now the size that operating of
the approximately to interesting on of have to as and same that companies you to note follow well that. that's size them several So
bit to a is continuing progress. quite note. we're So of And to it make interesting
Ohio, at roll end continue XX% distribution for RSR and poor ROE Moving on grid. expect AEP the they and XX.X% of as on to to of AEP, the the off legacy charges Ohio we the the the the the quarter and to XXXX, smart third and was capacity fuel as end recalled sale invest we in
versus X%. end comparing usage APCo's with partially the favorable quarter second weather by normalized XXXX, XXXX third due XXXX. third was ROE primarily rate XXXX lower proceedings quarter quarter third XXXX third at quarter is quarter APCo when XXXX quarter of change for ROE and in the APCo in to third from offset
West Virginia.
As and bandwidth the basis first X.XX% review used we'll XX new to in rates cover $XX of XX.XX. ROE. base increase you X.XX% XXXX base recall was ROE XXXX based West X.XX% a from million rate in March periods review is tri-annual will on was be which the Virginia points ranging to for XXXX period XXXX and Virginia's
be will So coming that up.
due is Kentucky's Power favorable second end transmission improve revenue on OEM the and the quarter Kentucky in as and concerned, was third scrutinizing revenues. usage far end change of We're at year. ROE the slightly of is quarter optimizing ROE to by X.X%. the to the capital As the primarily weather working for ROE normalized and Kentucky Power from
the of of third onetime XXXX quarter favorable of expenses, XX.X%. environments the debt, With by through I&M, end and is I&M performance third of positive long-term regulatory was adjustments. financing supportive timing at driven some the primarily I&M's quarter
its around and capital than authorized ROEs to primarily successfully test future in to with year programs cases followed to is transmission your in year continues ROE Indiana higher capital recently recover Michigan and which I&M execute, adjustments. only rate and an Indiana distribution expects onetime to ongoing generation, due and in I&M XX.X% costs. the Michigan end
case primarily $XX Regarding recall million the PSO, weather an due PSO's March increase an XX.X%. in and increase quarter was you order in a summer PSO our in approving ROE to X.X% ROE. normalized and received usage. XXXX, with settlement PSO ended at ROE as a
broad a on is seen So process and from great continues spot Oklahoma. And load. a in Oklahoma continue to we've terms in of all Oklahoma in increase operate well. the turnaround cylinders economic fact as to
recent SWEPCO. that was are SWEPCO XXXX mentioned case X.X%. primarily third weather ROE settlements favorable the normalized and and of load. XX.X% base of there an to most end I X.XX% We increased and Arkansas due as the XX.X% debt of XX-month ROE and and cash did equity. the The pending rate favorable follow quarter structure
the SWEPCO's of plant share ROE continues to retail rates. in is be affected that not by Arkansas the Stuart
driver as the of Texas AEP The primarily quarter is end main the Texas the at is to ROE increase for favorable weather. summer far in due was As the for ROE concerned, X.X%. third
review filings by May. expect and associated annual decline to with year-end lag the filed to We due PUCT rate in of ROE the with the base the timing
and recover rate investments. review filings. year Favorable distribution our these filings and us with regulatory But costs transmission allowed there associated DCRF file bi-annual has is on capital during annual to related treatment lag a a and
continued high in on of the of planned In continue to comprehensive review rate and and levels XXXX. AEP addition investment have our ROE will timing impact Texas
the off at of the then the as ROE the and quarter transmission end year and AEP's and XX.X%. is prior Holdco, was revenues a third year actual Transmission quarter driven was a impact for higher Holdco XXXX adjustment higher ROE third ROE And in fiscal AEP than quarter. XXXX result authorized due prior between second the falling by than true of radial higher a of up. forecasted differences at higher Transmission revenues end favorable to revenues forecasting
of as on continued updates details So forward cases matters. capital look of EEI, focus further X% on affirmation plans, you rate any rate, updates to additional we initiatives and expect and X% further AEP OEM-related give to as we regarding growth to our can other renewables,
expect. of achieve intention foundation earnings question in and consistency disappointed just that. utility We our that as achieving shareholders dividends promise continue believe AEP of X% no of achieve reiterate fire X% is there continues our There's to all rate. to a being premium growth our cylinders the quality it. higher to We be with and to we the end the our of not We'd regulated
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