you, and good morning, Matt, Thank everyone.
the the results, on say few to a hurricanes. quarter would I XXXX words third remarks about I like my begin Before
Hurricanes effects dangerous by As U.S. Southern Harvey, Nate. were you impacted deadly the of residents and and recently Irma, of know, the Maria Caribbean and
deepest restoration territory, X.X In power. and destruction. at of This XX,XXX by powerful and have FPL those are & XX,XXX hurricane preparation been to service the causing the efforts history. our fastest hallmarks build times to U.S. has team in investments since no of by utility in and X X.X amount of largest storm was of XXXX customers Mutual in storms' these the approximately XX storm widespread company to that complete peak. workforce Irma to the FPL sympathies storm-resilient FPL The grid, Hurricane the history, over restore to The ever response, days. million XX in Power the made all to customers largest more with more hardening and of than lose one the in which miles impacted service largest preparation combined day with affected and and is exception. assembled Our one million for restoration and the customers counties faced. of has a energy disaster Florida the one coordinated this our restoration in square million U.S. pre-positioned stronger, all industry, smarter of enabled who of was Light any grew its people of resulted any aid event automation hurricane,
Florida the storm of as vendors time number this our affected the Category to contractors, context Hurricane Irma Research, XX% dedicated in each was National Irma, I restoration substations were assistance was by critical primary FPL of also reduction Based team, would entire losing well are portion partners. that the and peninsula. XX% Hurricane Hurricane higher it's all restored; for the compared made had a a Wilma. XX% as the and a an the member We XXXX, Hurricane efforts. upon FPL over methodology approximately day southern compared its was potential improvement first Category Irma from for Wilma and that responders Irma customers Wilma Wilma. power whose during our of storm than Hurricane XX% the fact as state, efforts much it larger compare by Irma storm industry largest damage half impacts XX% a the Hurricane in landfall following which in stronger storm Florida to the for to developed affected the to which to also X Atmospheric Unlike To resulted Hurricane assistance an there deeply useful put Wilma XX% Notwithstanding a Hurricane the Wilma of when to customers damage approximately to FPL for that to Center one, the an customers. impacting restoration compared of of grateful territory, and our was energize customers. to Hurricane for an pole in thank like X supported provided their prior personally to After time service improvement had the FPL XX% storm
XXXX. Wilma, per made day. than over the avoided to more billion averages loss the average GDP state days customers of by paid the was more and Irma roughly XX% to a by one for Irma By impacted has restored compared were while economic three in the territory within reducing two Wilma customers service from for for average hardening total we affected five The days, customer outage our week in the over days, we XX% average by fact, $X billion believe lasted than have outage Hurricane Hurricane improvement. the when customer $X In since outage investments
$X a on this cost the are to has to to our to effort activities Service to to had ongoing prior shows our surcharge analysis $X.XX X,XXX-kilowatt a by hurricane, review final prudence that distribution to Florida Public on March Matthew of rolls that bill storm surcharge the an XXXX. step-up on hour recovery Commission to impact our XXXX at and of In that believe our and a including determination Subject effort to we related take the per that $X.XX the fully improvement providing restoration in from the coordinated surcharge off Given the which with recovered, the level value docket transmission approximately storm scale residential in for hardening stay customer Irma, together efforts. this to we Public equates billion, size costs and be opened equivalent is $X.X Service a to a month until the and bill solicit preliminarily which response time. our at mitigate the a investments comments FPL's end Commission, expect utility which and that Hurricane for approximately estimated to by beginning impact XXXX, of are Florida by restoration propose statewide expect Irma, to significant roughly of and of an customers increase currently cost are customers. evidence expected a significant storm response Hurricane in related to $X.XX preparation We of
achieve results to XXXX. in solid the our remains strong of third quarter first progress and the financial for upon positioned Turning building year our performance, half to Energy well made NextEra delivered objectives overall now
and new by share X.X% earnings we contributions Power or adjusted the to period. investments quarter & X.X% both Light Resources. share prior adjusted earnings have quarter, Energy prior Florida primarily the against $X.XX year compared at year grown increased per per NextEra Year-to-date, third from Energy's reflecting comparable by
last year Florida We At development also executed & continued in Power well We periods history. high earned per approximately and to increased of quarter. clean XX.X%, a on comparable proposition customer to average capital was earnings year. over on same service. including the grew maintain best investment the growth value the customer capitalize roughly regulatory in our continuing $X.XX ROE share business driven our the low renewable outstanding and regulatory major Strong prior initiatives, one energy, bills, from X.X% of employed reliability by best-in-class of Light, quarter
All rate reduce contributions the of our for past over assets existing currently Energy adjustment the Office further July from the of phase-out St. under to approved early lower being result was for rate base agreement Power Florida XX customers a construction which the Florida with fleet-wide residents. X,XXX settlement solar months costs as Park investments Service Clean track, agreement. Center FPL X% of on EPS negative for record the solar wind pleased for the the that offset case built megawatt year-over-year were more Johns the Resources, energy the Okeechobee Energy increased by or adjusted XX.X Public Counsel remain settlement September the centers on megawatt through the including helping lowest of resource, poor capital of from new than emissions our the and River are At that and major of roughly eight as years. a also SoBRA of contribution mechanism Public We Commission initiatives
Following combined the backlog support the cost well, delivery. economics project advance XXX development period quarters, in that our plus continued This contracted Since XXX Energy to our activity. projects success repowering new call, as primary and solar efficiency technology renewable wind wind it our has customer adding of megawatts was of compelling another Resources including origination of repowering solar our backlog, largest recent remain project continued organization megawatts and XXXX of program in driver improvements to long-term last ongoing the origination. to States. added the excellent announced for the storage United
We and repowering portfolio. the a equity closed wind first megawatts also tax projects than more repowering commissioned for of XXX financing
the for activities with Overall, year-end expectations positioned making complete usual have a strong the full previously financial Energy subject support MVP construction we to pleased to our quarters the progress Finally, are to in look operation certificate to were receive achieve NextEra XXXX forward and FERC discussed are we with advancing are at three commercial to well caveats. we year and XXXX, we that pleased date.
with look let's detailed FPL. beginning results the at Now,
million third of year principal Regulatory respectively of X.X% employed quarter to $X.XX of approximately the or billion reported FPL $X capital capital and full $XX $XXX share, net share, was of per quarter the $X.XX to income expect our quarter of approximately net year between and increased $X FPL's billion. third investments driver in total X.X%. and we increase per growth $X.X expenditures an the were same the XXXX, billion and by FPL's year-over-year. million continue capital over For income last
for the ROE purposes reported for XXXX. Our XX be approximately September will months regulatory ended XX.X%
for current we a amortization reserve a ROE record period. pre-determined regulatory achieve entries reminder, As to the under agreement, each trailing XX-month rate
can third During our of $X.XX the of billion over agreement. balance roughly Irma, quarter, $XXX million of of reserve utilized with impacts which a settlement the Hurricane leaving amortization the after offsetting be we reversed us remainder
proposition. CapEx combined current the cost the to FPL with at XXXX. best-in-class agreement. the which megawatt delivering coupled currently budget. our for on year ROE deployment and eight in support effective utilization provided across by XX.X% Center regulatory and expect the megawatts territory our on expectations service amortization, the early our the year Okeechobee at initiatives to allowed to providing focus We energy built customer current O&M weather we target begin XX.X% as The X,XXX ongoing X.X% and are this of full capacity XXXX, FPL reserve value to on of continue Each of to flexibility on sales normalized Energy budget is customers and and our under Clean our later under well of settlement continues progress end capital all band of our are to being solar Construction track of forecast XXX upper sites remains on schedule approximately nearly totaling
the expected in of between sites also have that We continue currently projects and solar than planned of Office development advance potential the X X,XXX with that January for the clean-burning reductions our and million megawatt efficient, additional with transactions. the and of this carbon Public Earlier expansion. generate adding cost to of focus of bills, month, of for savings modernization the of Lauderdale X,XXX will shutdown are Bay agreement for early prevent on to estimate determination is megawatt FPL's savings the natural FPSC Center. which million total in million Commission the and Public for FPL facility Plant approved Indiantown Service could plant a solar that ongoing customers to the the life. Cedar Last nearly filed a its by Counsel, in annually, JEA. FPL Florida, is the plant, operational more and owned St. of dioxide operation retirement we our which support total approximately Consistent and proposal beyond gas Florida X.X over month, begin tons provide expected projected more approximately than of net emission $XXX River secured of project early Beach advocate XXXX has customers FPL capital megawatts with our million to we to gigawatts settlement investment XXXX consumer jointly of the roughly and $XXX need is the low is Energy Clean coal-fired existing Dania Park savings X,XXX The the mid-XXXX. John's regarding the $XXX emissions FPL's The expected customer of Power highly
City pleased earlier we the substantially Council approximately the for Finally, city Beach municipal all were approved electric week, the system of of FPL's assets $XXX that the purchase of in Vero of million.
we rates transaction successful, in FPL's necessary look and including to value remaining Irma, XXXX. proposition, economy from effects strong. over hope are unemployment was in customers seasonally lowest to years. in benefiting year Vero the position lowest we Florida the earlier roughly to Beach's the a forward If be more to a the on X.X% We are of Florida XX close Despite XX,XXX late customer from rate and down best-in-class work adjusted approvals continuing the the the among state. that than are X% in in remains September, Hurricane
in Florida year, of indicator Overall, X.X% levels. new the Florida's near grow increased reading number while of to for the to by X.X% average decline. customers or at rates Index permits highs. As year-over-year. The shows latest mortgage an recent ratings Florida's quarter confidence from construction, of continue FPL's XX,XXX South continues remain third newbuilding with of prior Case-Shiller the up prices the delinquency home consumer healthy roughly post-recession most economy
customer After year-over-year a usage of third per For on the sales X.X%. growth basis, X% decline usage taking negative X.X% and these a continued that had in on positive reflects weather factors offset quarter approximately which normalized into third decreased Irma customer than that quarter, per weather we of account, estimated impact X.X%. had a an estimate more warmer customer by Hurricane impact approximately of
estimate conclusions normalized usage. draw trends are in underlying Hurricane increased a we our any of usage result unable about the of uncertainty customer long-term to With weather in as per Irma, firm
closely monitor to continue underlying will forward. analyze We and going usage
will modest any to the reminder, ongoing weather settlement maintain per material economy in underlying three our regulatory through customer not temperatures, have due ROE. growth. a over would a of the the on of expected amortization target than we utilization quarters. reserved despite expected agreement, And warmer As which effects level effect course the as to to usage are earnings the likely of Overall, we changes us hurricane, the offset effect, than adjust the have Florida remains less amortization reserve allow customer – strong, primarily first supporting to utilized
we can balance settlement currently Assuming of XXXX operating that conditions, normal reserve weather expect amortization billion and a the over $X.X agreement. end remainder the more be to with than utilized of
well. capital customer value compound already through our enhance further employed X% are from investments regulatory proposition year to of per These growth deliver best-in-class expected are capital roughly rate XXXX to initiatives XXXX. a capital smart Our annual also progressing
maintain execution We continue bills, delivering are high we'll outstanding low reliability, customer and year-to-date pleased clean service. a energy focus relentless with and FPL's to on
EPS Let increased earnings last quarter share. adjusted Energy $XXX to XXXX me from reported adjusted year's or by now of million third Resources comparable Energy contribution to GAAP Resources, turn $X.XX $X.XX quarter. per which and
primarily renewables in our per $X.XX share, growth contributed investments New reflecting program. contracted continued
As from negative quarter. prior $X.XX versus wind weaker year. contribution the of at I over the was the relative years the assets of XXX% comparable the third wind record generation quarter other XX% of increased third $X.XX effects past the existing in year XX to was the long-term lowest mentioned, in primary fleet-wide third results resource The average last on of by previously All reduced the including resource driver impacts expense. per the quarter share, interest quarter
Additional details slide. the are shown accompanying on
megawatts of signed for we last contracts projects mentioned the since earlier, I XXX As call. new
to of project megawatts storage be one originated battery of for delivery, to the and addition for megawatts will and delivery megawatt that be meet storage wind demand customer resource of This the operating of XXXX, strong of trends wind This of and traditional wind we largely can inefficient cost paired combined solution we XXX United States product with or that combination low firm the lower successfully between and resources. is a XXXX cost to enough paired this In dispatched XXX with XX solar a a able solar the by driven facility XXXX solar customer with storage solar origination recent needs quarter project and PPAs. today. the cost activity resource. firm strong generation than continued economics. is reflective largest Today, or in a offer solar solar for consistent battery cost announced for certainty The are low wind of energy with generation provides
renewables continued previously expect next early be the operating nuclear of cost gains wind As significant equipment the down forward. gas coal, in fire going firm oil phase as efficient without efficiency we efficiencies units, we solar have creating tax incentives than new declines firm and for decade, less and growth cost discussed, and cheaper the to opportunities and generation fuel with
to wind progress. repowering also efforts Our continue
added megawatts that I including our XXX we have backlog, to repowering projects previously megawatts mentioned, place. extensions approximately in XXX new of As PPA contractor
stands Our over XXXX wind repowering at for XXXX and X,XXX megawatts, delivery. backlog all now
megawatts the quarter, of Energy successfully Resources repowering additional During wind projects. commissioned XXX an
equity XXX a megawatts We roughly projects. of financing to also on first related raising of tax repowering, our wind portfolio closed $XXX million
to markets the solar have we to are of program and believe to billion share detail additional chart through capture Resources' now renewables of meaningful wind for and development that we attached billion by renewables between $X the reflects going a total XXXX. where continue strong provides outlook and Energy competitive made repowerings We this advantages, a $X.X progress invest leveraging forward. The well-positioned continued development expect quarter The our for on we stands.
Beyond MVP. this the renewables, on Earlier to good received we month, Mountain continue we the Pipeline. for make Valley FERC certificate progress
to complete a final in development support expect working are begin efforts service and We to to December XXXX date. activities construction advancing
$X.X expected investment approximately Energy's billion. is NextEra
consolidated $XXX the income GAAP was Energy third now Turning $X.XX NextEra the of Energy, for share. net to XXXX results attributable NextEra to per or quarter million for
cost adjusted and EPS adjusted third per earnings XX-mile $X.XX was Operator the Energy's located York. a our It to Planning service by in this of and transmission New $X.XX help by its Transmission line facility the total ISO's million. the respectively. under the $XXX Public investment to renewable generation. will company segment Policy increased to XXX expected Other is a to NextEra our York develop selected XXXX of The from Corporate flow share be and is million transmission compared XXXX team quarter third project were transmission roughly $XXX per The from June lower Adjusted near to required Earlier is kV earnings XXXX. award New energy Independent quarter share Process. System York Buffalo, project first competitive the state New maximize and month, in
other pleased very very are and although build this success that forward. with competitive to success, business, recent opportunities look on with going We a
NPV to the $XXX adjusted we later to in on of could close fourth refinancing million on NextEra growth cash in expect $X.XX when reduction of basis, share to drive income market to in continue to $X.XX. they savings a a the are range year. result conditions net Energy quarter We roughly pursuing initiatives this favorable several as we expect up be XXXX, but lower will capitalize that currently in earnings For at per
Holdings recently of the Capital securities. we For $XXX million example, hybrid refinancing announced of
savings result Despite to this, reduction a than results While base. this XXXX million we the NPV of are disclosed continue of of compound believe million will income fourth it adjusted share expectations net produces on earnings well more at full per in annual the our cash upper a approximately to near our X% X% positioned off year $XX in achieve growth rate transaction to end basis, previously $XX or we quarter.
from operations from to growth after EPS For the storm we for rate, Indiantown FPL our and above acquisition. XXXX, year cash recoveries, the in grow full clause expect recoveries impacts adjusted certain adjusting flow costs
to per a base $X.XX and a further the to earnings we $X.XX growth share annual of adjusted compound of expect XXXX continue in $X.XX $X.XX range Looking X%. XXXX of off to the applying ahead, X% rate for for range in to XXXX,
on be the overall will X% now, results and top deliver growth of Energy strength at end see financial are to or to not With the our near prospects both through FPL of and everything if of diversity based our we we disappointed and able Resources, XXXX. range X% we
share to at $X.XX. share to We expect base year of through off per to XX% grow per dividends XX% a our XXXX dividends continue XXXX least of per
As to of but expectations conditions. including normal to all and usual always our not operating weather limited caveats, the subject are
it our conclusions, still Although impacts expectations. potential on tax premature is wanted firm provide recent to we the reform the proposal to of on any long-term draw adjusted an update EPS
framework have the we Trump the roughly Committee Means on XX September the the certain share Finance. to Ways House $X.XX $X.XX XXXX expect and our be accretive. by on based Off baseline, was per released modeled the scenario on and to making We the Senate assumptions would administration, scenario Committee on that
growth as and we be progress tax reform direction ultimate discussion becomes Energy ongoing as XXXX prospects. to actively development deliver future continue on on opportunity effectiveness, well provide In sets we the costs Overall, ever continue tax result expectations expectations reliability, our operational on continue and engaged At progress forward. the FPL, in going do. making advancements on on our optimistic At make improve long-term energy equipment to storage. clear. we to the terrific that in program and and remain to updates everything to track improving further of prospects the we as our we'll to and reform efficiency and of believe in that efficiencies best our investments is positioned remains about about productivity remain quality, of to our summary, cost growth and focus and are of We its NextEra as growth ongoing and a smart Energy one continue enthusiastic further meet we we industry our have Resources, renewables
NEP. growing NEP end a declared the of of me track at record of to our XX% top the distribution our distributions Let XX% Yesterday, board growth per now per unit, $X.XXXX range. turn common quarterly to year continuing
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of billion of to preferred quarter structure, this anticipated low-cost capital preferred minutes. issuance will convertible convertible cash to its $XXX with enhancements, additional on comparable prospects, we just the changes LP details long-term XX-year announcing $X.X million of modified and with today NEP's roughly debt notes NEP's Building unsecured NEP a in historically to return is category, expectations. the its funded to are revolving yield total NEP's forward. our demonstrated run double-digit the a Today the and Overall, investor flexibility moment. meet the low transaction, year-to-date which a convertible we further EBITDA upsized we accretive and with and and December the details will provide the to on units, Consistent pleased senior year also prospects ratings value further of previously facility rate rate in from our the IDR growth access respectively, improve unitholders financings are financial transaction additional this XXXX sources strengthen provide we BB the going of million longer-term pursued enhance at have in X-year including and XX% credit be I units credit extended standalone these year-end run introducing be yields. governance and expectations well with expect midpoints. $XXX positioned mid-to-high execution each XXXX XX% We to and in CAFD million $XXX of we the adjusted have on issuances of growth, of X-year are to announced upon to a XXXX additional the of the XX, ability to proposition, agreement and and to reflecting distributions. few standalone issue and NEP I NEP's are hand, that
Now, let's the at NEP. look detailed for results
compared comparable Third quarter third third X% down adjusted quarter XXXX. year had respectively. the the Fleet-wide cash $XX Poor a meaningful and the for impact quarter last lowest from EBITDA on record resource quarter, was years, XX% and approximately available the XX up for was over prior distribution to million, on NEP's assets. $XXX million wind wind X% roughly resource XX%, was in
have in still year-to-date increased XX%, to to Although wind basis, by return distribution October. begun levels resource and available has adjusted EBITDA quarter, in and early the fourth respectively. more XX% for On normal cash a
reminder, IDR expense. net a as results of which fees, these As are an we operating treat
on the shown are details accompanying slide. Additional
offering As to the rate. achieve end growth distributions of with the conversion XX% equity growth I in the holding premium multiple up a In at closing earlier. senior September, debt a $X.X previously convertible further from due that economic an issuance, that the including of the X a more X.X structured NEP both with Consistent capital to billion at to diversified closing September, from an by to a approximate its the existing times to of a declared basis, NEP sources. X.X% per and year value convert without unit unit to creditworthy a an BaX, secured XX% lowest our $XXX to rate We was has in indicative access unit demonstrating XX-year per and for quarterly spread million of of protection in U.S. with price counterparties. unsecured mentioned, on on BB XX% per the issued historical the a than debt coupon. notes XX-year on ability offering, priced XXXX in the purchased USD $XX.XX. and NEP of X, strong XXXX In notes transaction tranche early board potential September an flows dilution or September premium XX% coupon X-year provides NEP company approximately long-term the for is top NEP lows, cash $X.XX of proposition refinance rate also for increase X-year distribution price. $XX.XX call conversion the at The the annualized believe lowest the common into offering common financing have a issued desire strong completed XXXX BaX, capped tranche. to demand supported million adjustment The $XXX dollar oversubscribed notes expectations, transactions quarter, which superior BB allow variety in of approximately this NEP's coupon and the had annualized XXXX. contracts been Concurrently NEP's a to maturities
to are announcing also credit our I As just mentioned, amendments existing facility. today we revolving
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believe by and distributions project times HoldCo debt XXXX, credit X amortizing assets. X experience contracted to portfolio these are targets We energy over financing ratings, to and target distributions year-end project the supported long-term consistent at X NEP's continue X in times project to total with times leverage leverage times to are our total HoldCo of of and consistent to expect with We clean to term. NEP's longer leverage
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assets acquire in we Sunlight As geographically with acquire expand is Resources. mix solar Energy portfolio XX.X% The a NEP's of agreement Solar projects average beginning megawatts, including million Energy the and This has Desert XXX the to receipt convertible years. price transaction through certain million acquisition balance the December a available the with financing. purchase close remaining regulatory for unit subject million, of run year our continue to previously related distribution life XXXX. the on Desert plus and diverse manner The to contribute million debt weighted wind by The working issuance financing execute capital Sunlight debt of approximately expects on collectively previously and for funded step assumption NEP to of a to I expected approximately is the consisting is in consistent interest million $XXX for cash million to the previously is per announced a cash of expectations million additional project. approximately and XXXX. approximately consideration closing approximately existing the of in The NEP's plan year-end project million XX, considers approvals to represents $XXX conditions mentioned, result to to Center. equity to LP $XXX convertible each XX% a total indirect liabilities as be another of $XX available and other through expected our to subject rate to distributions with contract preferred the recent portfolio $XX on four from related stated of adjustments, five-year tax to EBITDA funded and cash growing of XX% annual $XXX hand transaction XX the of customary to toward approximately $XXX non-recourse portfolio of to portfolio units adjusted of expected $XXX of for with of at basis a acquisition distribution least
in accompanying slide. shown the are details Additional
December for million Following run expectations, reflecting acquisition previously XXXX portfolio $XXX rate this year-end at NEP the of we forecasted the to calendar assets year the adjusted contribution expectations provide distribution. fourth we $XXX the expect XXXX the to for of million. Resources, portfolio expect $XXX million later quarter, EBITDA XX, from to announced Energy support for portfolio XXXX million acquisition EBITDA XXXX and in or cash CAFD adjusted fourth currently do available to to meaningful $XXX close a not to announced Since today's quarter of we expect the
I of the expectations billion As are billion year $X.XX million expectations $X.X calendar to our portfolio and with XXXX XXXX. $XXX of announced million, earlier, previously introducing December EBITDA reflecting at mentioned consistent long-term XXXX rate $XXX forecasted prospects, year-end CAFD to run growth for we today for adjusted XX,
annualized our treat XXXX operating our are quarter through XXXX. we XX% LP as to an at see net fourth at of are to expectations continue as reasonable as we unit least normal XX% to caveats fees $X.XX, anticipated distributions per being expense. base of per From distribution subject and of a expectations growth year a IDR of Our in these rate common range an
payable annualized XXXX announced of acquisitions quarter the we distribution $X.XX at of that disclosed of unit. end meaning today, to top XXXX, the the our range is the to rate per distribution, common With quarter expect in $X.XX the previously be February fourth fourth
which the we materially reasonable is for which about on conclusions least not firm impact than the NEP, tax any scenario the will income and draw affected. remain negative balance, profits U.S. at that to eight be earnings XX years reform NEP's tax currently currently we federal most expect NEP's shield, is While years is greater of next cannot expected to
has acquisition closing investor and announced the the progress continues we year. expectations. best-in-class our made for of over value We growth from financial to NEP believe Upon on Energy we our NEP proposition. year successfully strategy are executed pleased XXXX full to have Resources, provide are the with We well a the achieve positioned
a tax NEP substantial has organically Resources of capital demonstrated acquiring its capital by outlined, long-term to assets flexibility NEP with previously from or the parties. to have of advantage backed through and and the rights, XXXX, all this long-term credit completed relative with least position, expectations life finance average enhanced we three together Energy stability NEP's As flows access ways, third other These strong assets the debt, governance further favorable acquiring at cost and NEP's position quarter. the support growth grow also long-term to yieldcos flexibility from and has in amortizing portfolio's growth as was by transactions MLPs. contract profile, to counterparty advantages, other cash
against line That Energy progress we'll with And our SESSION and questions. prepared open Partners NextEra prospects. we remain long-term excellent make and that initiatives to AND ANSWER the NEP's enthusiastic QUESTION as remarks. continues as for the concludes ever about strategic growth
