good and everybody. morning, Paul, Thanks,
the with start Let's quarter.
in compared for of earnings results to We $X.XX recording ongoing had $X.XX share per share XXXX XXXX. per solid
is XXXX per also our to consistent earnings growth narrowing with guidance to of long-term which X% $X.XX $X.XX EPS ongoing rate. initiating to guidance share. $X.XX X% As earnings to share, $X.XX a our per result, we're We're ongoing 'XX
revised forecast investment Colorado practices, plan transmission investment, have including plan needed of XXXX Energy reflects increase and our of This capital the we've updated $X customer resiliency $XX both from and additional an billion substantial distribution to reviewed includes for Consistent This base to upgrades with support required Plan. investments infrastructure our infrastructure XXXX. billion in previous [indiscernible] our plan. operational needs and
does additional generation result the our carbon reduced to by these resource emissions energy from in investments XXXX New various not clean Upper could approved include Texas, it If capital in cost-effective $XX or totaling However, Colorado, clean could dramatically in need billion investments in from energy that an plans states. and Mexico, result generation Midwest. the XXXX commissions,
resource amount making double seeks history demonstrates our of advantages Act, [indiscernible] Xcel state, the expertise our the recommended the demonstrate also our benefits of customers. transition renewable Energy's plans the in the our This largest to operational generation with plan element high-capacity geographic enable we can it Colorado. acumen state's and bring plan environmental to commercial in clean and Reduction our the strong In goals. September, Colorado energy in and renewable Inflation filed that state's effort
units replaces investment These Including times coal with be to transmission storage ensure the of the of resources by Our system for battery energy X,XXX proposal renewable them represents or of to and gas in energy solar megawatts deliverability of required remaining low and include an conversion nearly XXX by Colorado Energy. of X,XXX or contemplates wind approximately this investments Xcel Xcel approximately megawatts benefit billion to shutdown Energy in operated dispatchable our conditions. reliability plan the total $X $XX as ensure and billion megawatts proposed and reliability, owned customers. our amounts
XX% the tax billion $XX coming benefits development decades. $X local to and communities the provides It promote economic jobs, portfolio also IRA in over time, in emissions it customers. this will carbon savings reduce includes At addition, billion levels expected would This In economy in to competitive impact only same Colorado rate creates local customers at cost annual other portfolio of X.X%. XXXX provides a opportunity of the most a by have from an fraction incur. an states will cleaner industry-leading in for over our Colorado
facilities Moving to September, of total at new In This of commission an it of approved MW including XXX Sherco additional issued Minnesota. the megawatts Midwest one built the at issuing making megawatts seeking facility. transmission that utilize also the brings and retiring in XXX additional Plan our X,XXX largest solar over to the renewable coal XXX we'll megawatts Resource will the at to an facility In the amount generation, in of Sherco RFP solar our fulfill remainder country. Sherco October, of interconnect Upper XXXX. RFPs we be wind our company approved
Finally, [indiscernible] our new retirements generation by of October, SPS resiliency the anticipate in and resource of company-owned and we proposed We've Based plan are in resources. accommodate X,XXX the of We in New RFP filed grid. plant to that decade the increasing approval. filing, Mexico. for ensure generation demand, a megawatts to additional additional projects require could XX,XXX megawatts commission of and another pending reliability already and battery on end XXXX filing the solar
and will $XXX and Upper the hydrogen the Energy efforts award in catalyst initiative, Hydrogen received others The to clean Xcel in billion Energy projects of with estimated DOE. from a of million Starting multiple Hub, $X.X of Xcel includes projects. foundation for energy clean by which Xcel serve Heartland This fuels our this as Midwest awards the $X projects. our Energy. Energy ecosystem funding to an game-changing support recently Shifting announced affiliated innovation Department to billion clean the at up nearly multiple
hydrogen with New funding. successful with advance of not And committed our in this goals. Interstate can said, progress Colorado, hopes to [indiscernible] to clean Fortunately, in energy was our Mexico, round the DOE remain hub policymakers the offices Wyoming federal Western we and that projects shared that working
from Fund, ] we renewable Energy. [indiscernible] [ to XXX-hour breakthrough in pilots XX-megawatt a pilots, The ensure deal to to cost-effective, [indiscernible] reliability with $XX support grants Energy Catalyst we class up these long-duration support with up also million to Energy's grid. high the critical secured storage million asset a awarded to Xcel battery energy $XX Combined
With as innovation Xcel part selected respect awards. and different [indiscernible] grid of X partnerships program, to Energy resilience was
also part the projects program $XXX high-voltage to extreme threat include Projects First, resolve drones advanced to mitigate and projects. reliability the transmission capability, $XXX we million ensure as grant a several to grid transmission to weather. [indiscernible] resiliency constraints. through expand awarded Energy to additional support and [indiscernible] management, wildfires interregional and of MISO the SPP transfer improve undergrounding, Xcel million of fund selective deal grid Xcel and of infrastructure technologies, Energy resiliency the vegetation
accelerate support appreciative partners carbon-free of safety our regional the well including many DOE support while as We're state Funding and as resiliency and our keeping enhance helps projects, low us of in organizations. for costs technologies, critical transmission customers. these
bill portfolio the first-of-a-kind framework innovation quarter. we greenhouse fourth [ The Turning XX% reliability demand greenhouse Colorado. consistent solutions choice gas Heat optimizing customer to clean our our impact. August, emissions corresponding our gas and customer We program target. net Fast XXXX, plan, emissions ] This goals Track framework, natural utility to our reduce In Heat by Plus Clean utility. Clean provides and a gas proposed and plan Point file ensures emissions a The management, zero certified fuels side filed gas in electrification, plan for in a by natural such while with state in as natural Minnesota gas. reduces gas
September, $XXX in of be data the construction in a could customers center In which largest Meta state. one announced the million eventually Minnesota, of
in additional our data number support a of continue that center evaluate We committees. to further will commercial economic opportunities and development and growth
there single many Finally, new case. material plaintiffs, consolidated are XXX We Wildfire with XX a developments with litigation. have the complaints been into currently have which not Marshall
which Energy range system mitigation wildfire X will consideration, for options mitigation conductor management, past selective Xcel of under in and has the the composite updated vegetation program undergrounding, power operating We next commission-approved an intend include years, a wide plan use technologies, additional stakeholder wildfire poles, to shutoffs. preventative covered been of including For Colorado. file a year,
turn over with summary Brian. me wrap few before to I it a up Let comments just
look investors. to energy committed to next it will [indiscernible] require economy and Energy clean and future we As bright a communities, for X our beyond, forward accomplish. across Xcel that is investment meaningful providing a regions our is our and we the years see customers
storage of dispatchable And to of Energy. the resources Xcel the affordable IIJA, clean from new customers, through our in with other provide we potential benefits generation accelerate resources on lowering are assets pairing deployment our For reliability. able IRA of customers' systems while have clean the come our our by to XX,XXX XXXX, dramatically megawatts homes businesses, to that ensuring to affordably the and they to we XX,XXX deploy powering leveraging them XX.XX% expect reliability renewable firm and fuel profile, energy emissions and
distribution innovate and and rich the in system. this national serve we clean the can deliverability. and builds systems electric emissions our gas continue and ensure We're to interregional net in gas All invest and to and achieve natural natural residential We for on framework while and reliability the gas zero to customer greenhouse resilience our our our the than given energy below and that most regional the transmission in the customers believe lowest company. solar, laying more for provide any customers amongst XX% almost wind the XX% cost-effectively that And regions resource other country, lead we average. are where transition we are
turn With over Brian. that, it I'll to
