morning, investor second good to you, Andy, update. everyone. quarter and our Welcome Thank
financial our share. operations Let's Today, X. by quarter. of quarter Backed from special reported few and results another performance strong earnings quarter start on $X.XX a with for earnings second share. GAAP Slide $X.XX highlights per our second per second quarter we items, Adjusting were from ongoing
of our least midpoint forecast expect range. ongoing our earnings to $X.XX the to we reaffirmed forecast share, Today, achieve per XXXX at $X.XX of and
make future priorities. to improvements complete National Grid energy continue far coming integration on We're so customers. Energy Rhode in we our to seamless progress into advance the pace to agreements XXXX year exit in our of PPL. with transition this and addition, In for $X.X billion on what affordable resilient, We're a cleaner remaining to our weeks been has and delivering complete to track Island infrastructure on excellent service approximately in a reliable,
this our O&M our achieve savings $XXX million of O&M. compared XXXX to to is to which target expect we year, $XXX baseline annual Lastly, million
X% us across annual improvements to in which of our And remain our efficiencies XXXX. million from XXXX at O&M to ahead, again, ever X% our our we're annual per XXXX. on $XXX to achieve $XX.X compared focused [indiscernible] pace we and billion PPL, continue least of drive through infrastructure keeping as includes positioned achieve least executing target XXXX, capital by to Utility earnings plan, We share at to strategy, Future our projected as the well baseline. to Looking on XXXX savings
and to net customers. in to and decarbonization our reiterate Utility reliable electrify zero I but strategy X. Moving is Slide as deliver for our to the the to continues want a one by of globally, system strategy, The nutshell U.S. to here even energy be can Future to and is for much a which will grid that of and XXXX, demand be resilient affordable more it increase carbon economy the X at today. requires the the electricity, to Xx our This low estimated no with it current as than electricity But is levels. we currently significantly electricity reliable also generate needed solutions. the or in significantly
Our this head Utility of multiple areas. across the Future addresses focus challenge on strategy
affordably threats. advance grid-enhancing the and we infrastructure severe the ever-evolving against through First, and energy existing storms and and the cybersecurity gas against more technology through us that through our that time, grid criteria offers robust and present continue to reliability that and to and system most and better of AI help reliably. improve will resiliency grid we technologies through updated extract networks frequent future oil will smart automation, capabilities, and protects hardening the protect self-healing from design clean At transition same
needed to accelerate grid the includes and it we'll by partnerships mix. to including and recent of to reliable, the positioning hydrogen sites and includes coal-fired carbon R&D role made One long dispatchable We'll continuing of technologies do zero. achieve at And connecting power natural duration. Run and some storage. meter Department as the an with [indiscernible] partner achieve our nuclear that affordable renewables, as it the We'll combined net by Kentucky, energy transitioning to lead, cycle transitions our This capture, Cane feasibility this gas behind cleaner commercialization explore such project we've coal aging to by the carbon we plant the low-carbon of important capture Technologies nuclear, for a a invest retire of in advanced plant. at to leading resources. Energy in do gas to R&D
to also energy invest includes we for strategy affordable Utility customers the of Our driving in clean efficiencies as our keep the transition. Future sustainable energy
invest why take becoming bills. important can about every business, affordable is of more our $X the keep out more can customers. without the transition of strategy. For our And part capital such our helps efficient of O&M in we impacting customers' to dollar we is for This an
We results. focused improved and advanced on and other are will AI drive more broadly, also which using further efficiencies technologies
with our peak to in grid and We includes starting will our business. are to of and the see how power shaving, experience technology balancing firsthand be AI transformational focused enhancing customers their our our This that utilities are this the applications empowering reliability deliver real to potential industry, to AI for costs. unlock our technology of we lowering and value. The improving further and tremendous while are extremely
additional regions technologies and range the more stakeholders would in utility protect drive is lines adequacy we from like can demand generation needed markets advocating from in to for And resource can authority continue legislative serve, supply, engage such we existing as would finally, zones, capacity get Pennsylvania that discussions increasing that in that including even just week. enhancing auction need new further volatility, development, including to tight wide as including the we much to customers to and with regulated in generation. and everything lead following to we'll we changes upgrades price our With released to transmission this incorporating constrained specifically results support which were investing of critical do PJM, a alleviate grid strengthen investments
growth reliability, a we which our to to and power Utility is This consider landscape. but only security. also support same energy maintain economic affordable ever-changing only in and development of energy playbook data expansion, enable the of that grow not challenges critical that thrive but and clean at will national delivering future to the American to actions these while is Collectively, us center reliable competitiveness the Future not and time, address
Moving X with data to to Slide large-scale service on and centers. We positioned our believe Starting dive Pennsylvania. Pennsylvania uniquely a for support connections. service data center deeper truly territory is our
of last the invested decile in $X.X technology, leveraging over dynamic while together performance reliability our nationwide. we've network to line which First, billion advanced top the network, transmission the improved has rating decade
develop of center interconnection and we well demand very means we are data materialize. in even demand requests. Our our This advanced we can transmission current the network our quickly confident as support further respond it connecting can to should
Our team weeks. within X responds
is we in continue a new It As each the have assessing month. of a to are sites result, that of requests developers these total over of multiple requests XX now time. to duplicative requests same come gigawatts some Pennsylvania and in likely at interconnection due
the by already having being in the if are by with nearly These do incurred X quarter up in have PPL developers not from May. with various of stages that are projects. demand some stages gigawatts developers, have first discussed and center in gigawatts update potential data of they review, the forward projects we reimbursable all We our completed signed advanced process review PJM's agreements with X costs during of planning, move
represents And data stages formula impact in financial we that's of additional operate centers, demand Pennsylvania, the connected transmission of We investments the center is would incremental potential in every customers data to through capital of about primary residential this PJM million our the net center returns gigawatt On because for $XXX of FERC of X We on million. advanced estimate for the the bill. needs form retail the upside $XXX customers. gigawatts that grid, demand of to on their in save rates. X transmission XX% transmission development will the in reduce portion costs data existing our estimate PPL
month For that about the a represent savings. customer, residential in average $X would
using For month stages gigawatts X,XXX development, for X of represent electricity. the a $XX a customer hours kilowatt month advanced in of that in average savings would the residential about
Turning to Kentucky.
an much U.S. energy Our have counties certain there territory midsized serve. data also better the is tax we water, for and of provide in for than and lower that centers have abundance we incentives service prices of as suited land
We center and make data support confident the growth can industrial we required investments are needed the continued also to transmission Commonwealth. and in generation
work time XXX frame data XXXX service We in continue KU LG&E with advanced to stages. megawatts more with the XXXX gigawatts than center in about totaling and developers our to with requests active in X territories
Kentucky any our additive As be significant although incremental in Kentucky Pennsylvania, plan, would transmission investments. investments any the upgrades capital in more would arise from in capital generation to
necessary have Kentucky approximately top we network X on capacity off best Should support reliable pricing to growth baseload our of demand, for growth Creek maintain Mill generation is Saskatchewan while in new operational customers. XXXX, needs monitor megawatts a center in we to of higher load as new coming potential generation. for history, of our available plant serve period X on Once potential continue to demand, reference reserve state to estimate [indiscernible] X-year Mill economic prudent XXX we the combined to margins. new With data electricity further to this maintaining the our capacity new can actively generation become XXX use
which into of Keep related in the an The KPSC $X supply fall analysis. which projections in cost We and integrated has updated factors plan, load are reserve with analysis will mind, That was fresh will needs. go be many our by that there that include any further filed approved this guide margin unit, generation and and updated last will KPSC the planning year, needs. October, resource generation billion. expected
meet spot prior think to cycle caster note ] have a plant the that load we a second it's second in gas to about we [ to or combined still a build important possibly growth, queue As needing for solicitation. that
data last to important tariffs our our this and is and customer are protect rate from and to designs all jurisdictions, customers we in is non-data line, burdens the centers states center support that to as I are their serve benefit undue rates. benefit that ready It will to prospective Kentucky And development. good which related from quarter, our we serve shared connections. that needs. news the and positioned we're shareowners centers, under the data Pennsylvania eager customers, data center both In our both Bottom highlight
and grant PUC infrastructure improvement its to distribution operational capital long-term classify The the through several for approximately X decision Pennsylvania improvement eligible as charge. key to reliability system request Moving approved Slide regulatory million through disc July LTIP. plan, Utilities the of updates. to PPL XXXX or recovery On investments Electric for permission and current buy XX, $XXX
PP indicated While the viewed recovery as and in our The predictive failure project future Electric $XX million in failure of seek investments PUC a denied planned rate may PUC of classify costs these diseligible. case. our request project predictive technology to base being favorably,
as appendix. Based we Overall, on was outcome petition XX, the our approved proceed through through an in which investments in year modification continues was decision aging conclude positive later the and schedule procedural our grid current and expect to XXXX. provided infrastructure a to early to repair created, Changes process that which expected. the with schedule, waver XXXX. assigned December Pennsylvania, ALJ period, that our to In the supports we have will continue a proceeding a June, to impacted this strengthen the the in be plan reliability. and represents during Also disc LTIP replace extends to continued
Mill unit cycle of months is with years XXX-megawatt Kentucky. and planned to combined a gas billion several recently more aging X economically investments work. in coal megawatts following energy XXX of off generation Unit to reliable, over The $X prep affordable construction We than planned Shifting part mix. generation new Creek several our cleaner replace natural of kicked plant of
unit time In operation equipment on complete addition, commercial construction XXXX. to on long Overall, the remain and schedule. in all lead track begin we're deliveries of
earn AFUDC it project capital commercial this on into will We goes until operations.
construction in The in of site in addition, the Kentucky. to approval way expect solar operation built commercial the pave new certificate design for Mercer site we facility, In to July secured for begin which helps we final a a from facility be compatibility and the XXXX. County, XXX-megawatt KPSC planned
of and this XX% success our in represents contract for negotiation. and just years customers. come, we balancing workforce. year, We area another continued needs agreement negotiation to fifth representing Finally, look This covers the successfully about successful last latest over week, to employees union this forward XX union in Kentucky of completed the over labor the employees our
That update. the the and I'll turn now concludes operational Joe my over financial call strategic for update. to
