results our quarter the guidance. of Good recent were and than morning. intra-year due Today, the review to largely the Overall, a Thanks, our capital impact I'll hurricanes. for allocation higher results, quarter and lower third tax year prior rate Andrés.
our outlook, year-to-date on track XXXX. our deliver XXXX through and on based guidance However, expectations to performance on we and remain
provide Before brief moving a I to want update Slide XX. hurricanes on on on, the
in loss solar thermal a also reflects plant Puerto impact in As at U.S. Rico our the reserves the XXXX business a which Virgin related days we hurricanes at damage corporate plants for in Rico, We $X.XX Puerto captive for and estimated $X.XX To property our September. recognized third insurance disclosed operations estimated down taken in in of share. is degree, lesser was $X.XX quarter, our a the mostly XX to in Islands. October, it to from in
its Since the we're seeing the local energy resources Purchase Puerto business plant in as have been and are in PREPA's not the a is Dominican in to pleased was allocating much-needed local build can various Our meet is mid-October, The delivering assist progress. federal work to are On restoration officials the utilities that soon has and available front, to Republic should real plant grid as attention affected. to Power lines top transmission which efforts. the resume and repaired. obligations with its under Rico Repair U.S. we're EEI the grid, restore as Momentum underway, priority. to continue power begun Agreement.
of majority location is reconnected is the dispatched plant the the to critical by of maintaining energy, grid operational to expect it's to stability. expect the We grid the producer the highly since it reliable year. be When to of lowest we the its be cost end grid, and
Now EPS on Slide XX. to turning adjusted
Third $X.XX decrease XXXX. quarter results $X.XX, an were from
year-to-date, higher the reflect rate a impact versus prior The to XX% of EPS than results XX% higher year. adjusted For was $X.XX a due quarterly the $X.XX, tax XXXX. quarterly $X.XX
to rate lower We XX% rate in in bringing expect average annual fourth its range. expected a quarter, our XX% the
Third results quarter in by impact Andes, the $X.XX lower offset also and SBUs. at positive remaining reflects margin the hurricane
decrease $XX Now We in in PTC PTC quarter, part MCAC million due and adjusted third Brazil, and by million, million impact hurricanes. generated from of adjusted a the offset consolidated consolidated in $XXX higher We earned cash flow. a XXXX, to million flow, as of capital free the margins. in higher XX working and of quarter Slide of cash requirements our decrease $XX $XXX consolidated the U.S. free
to PTC to I'll margins July. in AES flow Lower lower reflects This margins due in weather Now equity tariffs increased slides, due following green higher offset margins slightly, which reflect were taxes contributions cash increased major due Argentina requirements October modest from Adjusted commercial positive tax requirements costs, primarily detail flow Gener at In planned Cochrane primarily partially sPower, more consolidated from achieved was also and costs Eletropaulo. high our cash by partially U.S. to DPL in on payments the Brazil, business, In at Adjusted and operations largely margins, acquisition higher at XXXX. maintenance cover in in working fixed our beginning by capital Unit distribution free and offset prior the of XX. impact down Chile. also IPL. Chile. higher six reflects to in and decline Eletropaulo higher due prior lower of from impacted capital PTC moderate due The write-offs in the the next X, to XXXX SBUs working at in increase earnings free droughts. IPL. our power The of by in was consolidated recovery purchase Andes, recovery results
with results, Before update continuing to on structure. simplify the an Eletropaulo's provide quarterly our ownership I'll efforts
As XX% know, you only of may we own business. this
the the are received However, migrate exchange. Brazilian stock all Mercado full to controlling the to now consolidate financials. third-party we We've and, on shareholder therefore, Novo approvals
financial mentioned Dominican Hurricanes was year. October. lower in free corp. in quarter insurance as incurred simplify Republic. flexibility. as primarily and cash of Mexico, As captive expect the completion driver availability will controlling in is and the reflect a business higher contracted and Caribbean, sales a higher impact have the to following said, were our settled the also a provide greater margins and in our result, business I will were in deconsolidate outstanding timing earlier in margins the we Central results no receivables by That by flat Consolidated fourth America higher the of this flow not offset driven most at In interest the were the MCAC higher collections Dominican in the for This statements full project the of impact Republic, $X.XX DPP quarter. our longer major
Finally, in higher Ballylumford were margins in Eurasia, the energy capacity at UK. largely our by driven and results
of Now the resolution and on in Slide DP&L at XX our filing Ohio.
know, Ohio October order ESP case. may our Commission consistent you the with Public agreement modifications. at minor ruled Stipulation The of only on with As XX, the March Utilities was
with Modernization Distribution two-year year years ESP a $XXX the option. million includes expected, totaling extension over per a As Rider three
gigawatts DPL announced, expects DPL As to and coal-fired remaining running transaction gas-fired by exit of in exiting the growing by for process to commission's all or capacity ruling previously that selling will investment-grade DPL is mid-XXXX. its of capacity to also the of of gigawatt sales X.X announce the one important of in is merchant generation year XXXX. steps end, business. with T&D expected the half are first enable The peaking closing transition an
being earlier base infrastructure, and upgrade to through potential to smart modernization increase these significant from the investments. are agencies, In grid including X-notch week. fact, DPL appreciated that you regulated rating to see pleased asset see by grid distribution Fitch other family a this the We're actions of the BB
Slide our Now rates, long-term of at of another resulting interest refinanced million parent and credit profile. This million. $XXX savings billion to and attractive debt debt annualized with prepaid XX improving year, $X $XX we’ve in
our investment-grade a debt XXXX. billion. total a debt to growth on $X.X of attain drawings parent believe and will valuation. $X.X to or not this enhance reduction debt metrics Excluding only since revolver, our Through cost help but us brings and about financial parent expect reduce strong billion this reduction flow, This by we also cash equity in flexibility our disciplined debt to our free in represents one-third credit We improve parent XXXX.
XXXX to XX. allocation parent Now capital Slide our on
on the cash, cash $X.X reflect side flow. free available of Sources parent left-hand billion discretionary total including
the We of million. expect $XXX our to be range middle $XXX to million in of comfortably
partners sale our business Brazil, than to Dominican in million sales, the In Total In of about a additional the total $XXX the for we XXXX. of are the revolver timing asset use a drawings XXXX. have in shown our of we the to to plan billion. the early had the another acquired we an $XX business, existing from our closed million addition received of repay proceeds we X% year due those and fund $X.XX sale Republic. equity September, from of as difference of $XX million left in receive $XXX previously expect shortfall implying temporary proceeds million to value Sul We one to early sell-down the in including
this to used December, We side. on discussed. increase dividend year. returning to refinance $XXX we just debt, the million right-hand Moving as $XXX to uses we’ll parent million announced shareholders the I almost and Including prepay be last
million acquisition is new Finally, to the projects our million which invest used of $XXX and subsidiaries, development. construction of for $XXX we for in plan and majority our a sPower under late-stage
Now from XXXX looking our through XXXX allocation capital at Slide on XX.
expect We which generate portfolio asset cash cash, includes proceeds. flow to our $X.X of billion parent discretionary free and sale
expect the billion reflecting to we in We included of have asset $X half close XXXX. transactions our conservatively target, sale
we’d $X.X this, In of after debt reduction about create XX% value. projects, and to to remaining dividend and terms additional to of opportunities. to allocate have in uses, capital dividend construction amount Of growth XX% expect our growth funding to and invest attractive the we shareholder billion
to turning Finally, XX. Slide
X% We for are XX% guidance prior growth XXXX XXXX through average annual for reaffirming an and expectation our metrics. to all
the pointed guidance. we This the bit developments to off will driven benefit growth growth expected Growth from EPS following in interest. higher partially at contributions impact We the expect XXXX hurricanes. offset exits and mid-teens, XXXX well construction October, guidance Growth our and completed by operations well of the higher cycle Angamos still CCGT commencement EPS growth as projects, a Dominican Andes little in business in to full from of in combined initiatives the projects, lower of renewables. more market Philippines the by the the DPP is by range a by the Kazakhstan. as including Panama. know, revenue-enhancement be generation To MCAC in partial-year low you our continued U.S. in expect positive rate at be As year for from at driven the a in we in operations cost-savings of half higher Argentina, in levels adjusted lower midpoint largely give in DPL SBU, and Colombia. by largely to Colón will be regulatory reforms a in largely as of driven new in color as will contracting be to to parent Republic
from guidance it savings and Finally, and on call turn now we’ll as our more XXXX cost as our with Consistent With we Andrés. a be prior in practice, our February. interest. expect year-end specific benefit revenue-enhancement detail I’ll providing initiatives to parent well that, back for lower