and Thank everyone. morning, you, good David,
made invested our During resiliency. our and on stewardship, in guidance, our served with careful and dividend customers and while safe, earnings regulated reliable our investment and XXXX, programs line provided affordable and environmental on growth communities, energy we meaningful decarbonization delivered progress demonstrating in focused
by highlighting begin I’ll our annual safety performance.
well continues slide As as OSHA industry favorably national compare to rate the regional our with shown long-term electric recordable X, results as on injury utility and Company’s historical employee averages.
been ever. none our hurt of ultimate goal that has colleagues However, continues and be to our get
reached year, storms. power highest summer all-time North customers peak in South in their and peak XX.X% indicate areas Carolina had Virginia demand the past major and demand record noting And which in the time, of in December. on our service reliability, worth that Next, consistently In Virginia, is August it’s customers our Carolina excluding electric priority.
without system and major during these the time they demanding our As or to our load do colleagues interruption again, kept rose conditions. delivering challenge time and extended
never extended more storm, also service scale and The or our during winter team did of than we any evident our system not major experience disruptions. the were December resiliency of when
Finally, to continue than averages. rates affordability: national be regional and Our lower
ensuring later, out not are we’re of benefits very the long-term As customers decarbonization investment focused result that from on we programs. that significant our discuss priced and resiliency our will
in programs, On X of our that investment advancing our our of year filing nuclear same renewals units, projects offshore strategy. decarbonization transformation approved license four solar rider-eligible significant Virginia, XXXX second and Commission energy regulated terms theme, clean new the including and State subsequent program. wind a was grid our In Corporation storage Phase energy resiliency of several project, and our of
South In SCC include high-voltage regulatory energy achieved the annual load. Additional Carolina’s we to transmission to new service our year and upgraded rating, of second center best and for Carolina, Company’s South Energy December, In rider-eligible Moody’s continue credit evidence our investments necessary review “improved relationships”. currently Dominion stakeholder filing, energy solar and demand citing ever clean third reliability. projects growing serve customer storage under data and electric and
under gas $XXX our completed segment, we construction environment. the in the Utah, LNG In natural peaking over better facility and we ‘XX. in and Distribution our projects of million, operation reliable for to that number Gas more infrastructure safer, We renewable our invested supply is modernizing increased or
low-cost produced of hours XX about baseload our XX% of production as That’s a zero-carbon company. million-megawatt told, nuclear roughly total units generation All our power.
in periods weather, be especially exemplary, the to regions. their and during grid stations Our to which in fleet’s continues of stabilizing vital our stability provide performance extreme support price respective
role will $XXX the in continue opportunity driving that previous investment million. a long-term saved on we’ve in agreement regulated decarbonization Connecticut customers calls of come. purchase key to the outlined resiliency years Company power for nearly the and earnings summary, In to growth Our play
sustainability around from X comments progress our on by pleased business XX% also since by electric and goals. operations me that since we’ve emissions emissions to transitioning XXXX let gas highlight review, the Before to methane from I’m Scope Scope carbon XXXX. XXXX, our report reduced XX% our X through operations
our These align performance, to the our include customers the our recognize commitment why and strong emissions focus Notwithstanding with and Scope X on XXXX, we decarbonize. holistically at company’s we to material is of need during Scope footprint, all new the our look commitments X which emissions. zero helping suppliers expanded categories net
percentage an suppliers XX%, increase to X of spend Finally, points we points billion, an over of since to XXXX. increased workforce also our of while our our increase representing spend, percentage $X.X X supplier diversity XXXX, since nearly procurement increasing diverse the of with XX%
Now, with top-to-bottom consultation frequent let support business review. leading with effort management Board. me I’m our team to the the full the from and in turn
business. We’re devoting I principles state-regulated resiliency; our industry-leading in a November, every we dividend; commitment current and would A commitment on investment to thoroughly indicated our a slide to guided shareholder the all the value necessary by utility enhancement profile to and transparency. announced focused of with commitment that credit aspect our When review to commitment following we an shown our a current on opportunity to to decarbonization profile; and X. be resources ensure and we review as that methodically
have principles changed. those of None
We And how of Dominion position for conclusion result, long-term create purpose. to on at value Energy with pace maximum believe should provide we able a we’re optimally the review, as to the our are shareholders. commentary and we proceeding additional
executing the growth profile. post First, a recognize on review. importance durable, delivering focus guidance long-term high-quality any predictable offered and of earnings consistently against earnings We
our allocate to investors and competitive that position a they on it We investment. we can know Second, utilities fair return is choices where regulated long-term to critical about believe have capital. earn confidently
recent our other our absolute best In of initiatives. years, optimize metrics standards. today’s down to to sight without of high constantly efficiency technology materials. responsibility our driven meeting through customer Third, innovative We’ve and we’ve the performance we necessity processes, it practice losing included for of look use know O&M service cost in is the appendix operations ways the of of improved
additionally we and review, evaluating years. what costs are efficiency the of of the part context do significant within the cost over we can achieved As we operational have the on
Fourth, to We exceed review thresholds downgrade that during periods emerge from credit our believe or temporary over strengthening. cost we our and needs the want to the performance meet financial pressure. ability with regulatory metric time consistently even of
fund review, the our As external any efficient amount we’re part analyzing of need. programs financing seeking ongoing sources growth to capital while of the to of minimize most equity
time direct the consistent and ratio this important believe current equal to without approval, fixed Finally, achieve and received the XX% commitment been dividend, affirm valuable is we of the to Investors here morning I’ll of which and our to also dividend. with potential much and go-forward be ratio. equity priorities. has with Board XXXX the hundreds income subject that earnings the have payout Since it XXXX these our that on the potentially affirmed focus investors focused our dividend, of dividend. reducing it announcement, to the note will we’ve is to feedback, our understandably spoken on Company. believe a announcement important over We
principles review to continue until the outlined. say the that will and priorities will the I is that be review still from complete. and just will is Given that outcome providing by I refrain have we underway, the guidance informed
in the be current input deliberate to will providers. prospective making and Company’s ourselves capital We available from for continue
address me regulatory legislation Let legislative pending session. now turn that There our Virginia the to revises is model.
project. remain In subject wind legislation. partner outcome stakeholders is It We in is to for to in equity early with our a engaged offshore addition, legislation passive the predict the any that there would, process. provide commission approval, too of
to has timing, or proposed In the until of has the reject February XX Virginia The session. that or business review session or Having XXth. the the a typically March Governor. or Governor accept In general vote that for terms case understanding scheduled vetos veto XXth reconvened a business as veto The is then to review. reconvened general and what has which addressed that the override passed key slide Therefore, returns a days influence future. amends at construct a amendments the chambers. shown General details X, legislation the been one-day clear is is a the approximately April to the act of sign, assembly to At the Assembly adjourn definitive on assembly to by the legislation then may Governor has the more legislation that cadence on timing bill, on regulatory will about on both input share in time, Governor XXth. Virginia the for we’re future legislation able amend to in
is to know of on investor communication in our some prepared stakeholders. share business thoughts will the remarks. importance paramount review Steven additional I his
best Dominion our and value a thorough, executing of my me significant review to positioned confidence the long-term create that customers employees. and Let we’re is goal shareholders, our ensuring with that reiterate expeditious comprehensive Energy our for
With over execution financial that, further I’ll before on to our turn Stephen to the it I of matters updates business provide plan. address
