morning, good Thank you, David, and everyone.
country MISO would the outages. power our Before experienced balance the the to you winter affected service turn last conditions to like storms area. us order system, week. my I including remarks, an conduct to of I most we give In to update on directed Severe rolling weather
Our system operations. normal to is back
were our and who by all impacted the of with weather. are customers thoughts Our communities
needed. clock restore in their dedication demonstrated quickly working difficult where to conditions once the around service employees again Our by
numbers, working preliminary associated approximately with by grateful of still We're $XXX and but cost $XXX fuel of million mobilizing million always, humbled the million and through am their and crews power $XXX approximately is As restoring incremental our to commitment. assessment I costs. our
regulators to we for jurisdictions turn will Today, year. a in now recover successful impact recovery manner our to work all these the of results I that XXXX. will fuel discussion with in mechanisms bills. our strong another mitigates costs reporting our have and We customer on are we on
earnings immune adjusted We the results to $XXX revenue by exceeded We flexible goal our spending million. these even is half create by $X.XX. of foundation become challenges company per Challenges that it a by what value we doing no XX%. exception. approximately Entergy are have That's be built over our Our share for sustainable the just was us range. from set to all a No premier the in of achieved what we with to top costs takes prepared strong overcoming resilient guidance reduce stakeholders the our our times. are performance And several years; business. It's that's we've organization and part that is target last our stakeholders, program. in expect natural Underlying XXXX utility. extraordinary a and
Because As we XXXX our is of regardless of track record, in and and this confident able the we are of XXXX our less circumstances. challenges, test foundation to continued success achieve proven about how the more prove beyond. our goals in and solid sustainability are about
resources sustainability we what is to dispatch flexibility achieve help providing also older XXXX line that initiating efficient assets, give benefits customer important will an These outlook. brought is savings in more guidance XXXX, and our reliability. than our that are and meet Renewable September. commitments. Energy goals. affirming of system we for key strategy our us sustainability last All our and part also environmental In assets a four us that are Day our online we such, longer-term with Analyst generation cleaner As shared large
XXX than past the energy have large, resources more clean resources contracted. operation. come and have in in escalated over and forms renewable Our owned many efforts years. small megawatts few of now These We
Orleans where solutions project, to homes. the on providing a at fixed bill, are innovative for who Those like some installed renewable those New income we customers residential bill it systems own And get low credit customers' rooftop and energy that economic all their customers. the are benefits need solar
have We of approximately megawatts installed. solar projects being currently XXX
will We This facilities review, renewable XXX capital grow A number our this project. closest the have our continue costs We in is solar And solicit the was resources experience. energy regulatory are support only portion solar for RFPs. to for another that another and customer the of region. these meter of XXX across half of year. of to either is megawatts of megawatts investments or beginning. Almost plan distribution we our utility advanced to
the We usage technological the now our billions In across the will are critical We our to provide service bills, completed to exciting XXXX, built all investments customers. with excluding are for to Hurricane of we while that collaborated find part for and to active bills. storms, solutions. of their some pay infrastructure, due our final who to new we Early have service the all storm it reduce payment work new benefit our system of customers. to insights storm. plan and efficiency level continue available, and debt as advanced of our customers couldn't received for and in strengthen important enabling of our season. new the These serve plans that we and restoring points modern XX% fundamental including expense We from of enter COVID-XX, the orders, with the in million drive which $XXX critical deferred lays able to jurisdictions, we new by up our over projects, the energy congestion, In record following proved to to customers. improve be we to real on, that pandemic. structures the meters customers projects of benefit data our standards, suspended collaboratively and resiliency, reliability, of gain consuming better costs our set economic stood don't meters our higher development in infrastructure, energy invested their bad the the we amount as In system transmission during resources. to completed face jurisdictions resiliency least support our accounts change time. capabilities several enhanced power of three-year associated result COVID-XX, expect installation service they Advanced is and Laura, which These our customers, we difficult of were from regulators transmission X journey. our accounting of way million disconnects our foundation as we collect time and a the This customers service we'll help milestone With work area. a deploying winds times phase an of manage
earlier give commissions Texas timely rider, work new the costs year Entergy on Texas our Orleans New FRP full approved competitive. of that will and that economically mechanisms ensures three of that later The rider us County we Texas which station. provides unanimous rate resolved our of Montgomery this The filing, city and and the recovery Utility recovery for benefiting in Commission are annual rate the helps create also recovery timely Commission recover a settlement new use of for with New to We stakeholders FRP with year. generation, where associated our the Orleans recovery communities, costs capital generation serve for value finalized power that this approved first case of we us the opportunity remain customers. Public council filings make of this
FRP annual the in first second Orleans Mississippi. storm Louisiana this XXXX and of quarter rate had actions to submit of and in year Louisiana and filings to the request in We costs. plan also We and Arkansas, in New Texas recovery quarter
rates, costs. XXXX of them. are XXXX, have an we a the and law get on outcome. seek We compared low we the on in unreasonable Louisiana's in with order, cost our Arkansas this order we FRPs filings. rehearing current requested and typical securitize these Discussions lower we short as we incorrectly the as our In significantly to Commission's March by provide for And the As we've rate believe change updates will request Commission's XXXX renewal to spite and fell the requested the past, the will Arkansas positive and customers expect their in to extension results order and applies will FRP outcomes decision ongoing We done both. With recovery. in expire to result FRP of our interest the expectations. receive XX.
the should and the that guidance outlooks Commission's December and You our today of note extension FRP. reflect order,
to are, measurable, been environmental leadership a long-standing hallmark sustainability are and Our of and have results. undeniable led and who we stewardship
today, sector power fleets the decreased decades, average, XX% rate utility two we of nearly emissions our XXXX. cleanest, past since generation the the been the has operate coX scale rate large below well And one nation. emissions has our in For
Our one to XXXX the goal, XXXX emissions fleet reduction only we most we to have them. of as maintain cleanest, carbon not continue our XXXX set exceed environment we but example targets, at dioxide levels. where recent meaningful year is is The committed XX% through below
XX%. levels, XXXX goal reduction XXXX XX% by were actual emissions our beating Our below
include anticipate our that calls portfolio. XXXX, business five least at of year emissions with generation below carbon XXXX gigawatts for plan renewables levels. objective utility portfolio transformation ahead, by our continued our Achieving that To more. by reduce potential will rate Looking this our supports XX% we to XXXX of commitment our for end
gas plan gigawatts During approximately four coal to remainder our legacy we the along that of of timeframe, deactivate assets. also with
scale Going build forward, generation capable. we hydrogen any not large that will isn't
emerging we large hydrogen-based net capture while will the within serve. longer-term develop we that we and a As the zero sequestration, regulators battery work technologies goal, communities strategies. that economies innovative of exploring and to scale do we partnership and a power, our our affordability solutions stewardship, will include support with Mitsubishi environmental portfolio, through our storage, balances we're with transform carbon framework To reliability, enriching so
have to is adopt to attributes much carbon utilities highly needs. allow While will and meet technologies and us an pipeline fuel generation important will are reliable hydrogen greater be manner levels relying believe free a supports a that allow utilization Hydrogen technology growing our creating future. and of we it sustainability part meet that on Hydrogen transportation, in to storage, X,XXX capacity, infrastructure. XXXX caverns than commitment, the a of two in locational today's not uniquely of we to States leverage renewables hydrogen United a will are more than a cubic is South, includes In three our the given in of infrastructure distinct grid. Existing X.X we infrastructure advantage. salt service hydrogen electric billion hydrogen and positioned Louisiana. the more United we of miles hydrogen of XX% in And the feet and Texas Gulf existing States, territory diverse today the which pipelines, operating
in the are producers hydrogen two largest addition, world our In of the customers.
XX% more have caverns advance modest located have to for than area, pipelines carbon converting which unique the I'd of The hydrogen to our connected also Texas's own Longer Entergy with evaluating and is We the Station XXX% a with up the service capability three existing us a near one at presents to work area, hydrogen. be incremental will These be and our upon on request coX was hydrogen just which To configured can like feasible of the facility on economic. a conveniently County commercial infrastructure plant proposals, facility would term, can were storage operate turbines facilitate we operation utilize that hydrogen but to up in opportunities. Orange few caverns; when are to service these share. to for capture cost. facility in utilize advantages hydrogen. projects XXX that are hydrogen to to working miles we sequestration. of selected We pipeline our Power few on
a existing We we the plan hydrogen corridor Orange capable hydrogen And to advantage phase County the across are fuel infrastructure Texas support of developing Power of taking fleet four plants. the near our pipeline Station. access hydrogen industrial to in are
ultimately lay about projects We are This important plan, teach excited electrolysis also these project in future about Center. a County us and the Mitsubishi. very Montgomery our the demonstration will We're projects. operations, groundwork Hydrogen with developing full-scale for Innovation green lessons hydrogen early stages collaboration and of
Gulf lead As reality hydrogen industry to create our we the that make a region. in jobs will South green
to updates in our means our provide initiatives are do. we our to these American customers, we the utility sustainable world. part communities have we continuously for for more North and will goal index. In again the developments. we a strive once Being named Dow A premier as We on doing Jones future Sustainability the create new XXXX, everything
a in utility XX years We are the electric this only row. honor received
one demonstrated strategy, is environmental of recognition past We materiality, is are policy in most of as earned class the perfect climate very in employees respected response. reporting our why world. areas storm and measures again, reporting, in scores of once water related this sustainability social the the proud in This best risks, DJSI independent year, Entergy influence. We
During and achievements. proudest preparedness in health, unlike any is our other a history, storm safety of to season commitment our our one
teams to while restore to following Our rebuild safely around worked communities the and protocols. help recover our to service, clock virus prevention infrastructure
employees' federal support officials. local, extraordinary received broad and efforts, we our For from state
stakeholders remain financial takes that the We future, our value uniquely our meeting the consistently that's confidence meet deliver also strong and expect sustainable obstacles and awards gives build utility what company connect proven our us by response. pandemic, EI what our employees positioned to has our be in we response expectations. successful our marks our firmly XXrd employees our our respond year This ability received for ways to the forward. We me five commitments. toward stakeholders. utility. are Entergy to We've meet us the to mission that The exceed XXXX to company we and or innovate, drive another and accomplished to EI. create from prepared our the while of year adversity commitments was resilient mild are fundamentals storms, company. and it It's to growth, be emergency place. drivers in from emergency on Despite for going imposed for found the all Everything guidance recognized their and consecutive goals premier premier weather
sight and subject our am Drew dividend about the efforts, to growth. And the redeploy our as in we of costs of adjusted I the improvement of approval. resources our over X% We the by we we to growth future. continuous as for expect benefit turn as our call board review reduce excited line O&M to have on same performance. financial aspire X% I EPS mature end And year, for now rate to permanently stakeholders. ever our those will to the
