Welcome and third everyone. Thank you, investor morning, to Andy, update. our good quarter
a performance from start results highlights our with few X. quarter and third Slide financial our Let's on
GAAP per third were we of quarter per from ongoing share. items, special earnings third share. Today, Adjusting $X.XX operations for earnings reported quarter $X.XX
our per strength per prior year-to-date share range the we to XXXX ongoing narrowed of earnings to forecast from the Given forecast $X.XX of $X.XX share. our to $X.XX $X.XX performance,
midpoint As $X.XX of a increased result, per we've the to $X.XX share.
this to transformation XXXX we're our O&M $XXX annual energy $XXX million of future And achieve reliable, continue year Throughout infrastructure and in to affordable billion our on delivering to for on savings the pace improvements on excellent resilient, ongoing make compared complete this we third our $X.X O&M. our a approximately our advance track quarter, million initiatives, customers. progress baseline through to target business cleaner XXXX to priorities. year We're to
investments enterprise-wide by projected $XX.X with XXXX. XXXX Kentucky, to focused earnings Pennsylvania in on driven capital our Looking data as achieve on infrastructure achieve And technology potential of PPL, to annual us least and X% least drive $XXX more dividend new through includes strategy, baseline. and executing in improvements additional our billion Future million continued X% ahead, new jurisdictions is to annual we're keeping to plan, all We're severe O&M the again storms. XXXX, savings growth center through in at to connections generation we frequent efficiencies continue of from investments pace compared well resiliency our our across to target positioned of and XXXX upside Utility share Kentucky, combat our XXXX, across which per we by and which our at
On to their X. Plan and portfolio guide analysis reasonable to updated to of Public a price the forecasted wide or examined planning. informational It's said, provides with fuel insights submitted a robust prices, costs The IRP Service all IRP pending Resource XXX potential resource supply-side October LG&E environmental fuel Moving XX, regulations, KU variables and including provides resource to This demand of growth, of Integrated year's IRP Slide our to the range Kentucky Commission. generation regrets effectively helps is arrive about plan to the at important recommendations, a combinations identify purposes note the most uncertainty submitted and the is detailed years. and XX demand IRP that for needs no That given inputs. over only. next future some there us to analysis meet resource
last X filed resources forecast in from our higher what IRP, our was and which years Key ago XXXX. in we analysis saw costs new stronger latest drivers for demand in includes IRP supply-side
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of markedly we've batteries. generation increase since existing seen cost IRP significantly costs relative impacted except resources of for generation, XXXX new the IRP. our the value this in generation and those That Regarding recommended mix our the increases year's
our less cost for first the Regarding new is that the battery simple-cycle of O&M incentives costs combustion and storage costs, the is sum planning this with battery nonfuel than in time the ongoing capital of tax turbines. resource included
our includes addition the XXX battery reason, plan this recommended For storage. of megawatts of
assuming KPSC increases and the the not solar XXX CPCN our in we were solar due approved are of that get XXXX Importantly, megawatts price PPAs generation, to the by built.
remains our As the a regulations regulations federal uncertainty impact key court are the in major X IRP, of environmental subject challenges. of current as noted
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reflect not even to and the safely, new XXXX. need reliably and latest and as includes plant lays if projects combined In This megawatts storage. combined another growth that generation, this CPCN certain approach fruition. come resource Above X XXXX This economic one our this no-regrets addition, on like additional plants, out recommended plan of affordably to COX slide, beyond planning, X,XXX build an in or high XXXX to new load enhanced it to do new an gas regulations through recommended filing important and includes X development in generation IRP future gas reflects growth. several natural XXX-megawatt generation cycle applicable from demand The the serve megawatts XXX-megawatt resource includes company-owned two plans, scenarios. XXXX a scenarios cycle of well our as unit, referenced much plan building megawatts solar and XXX we've XXX of solar plan natural battery including in a
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seeing customers, We significant in would also in RTO be prospects based which on we are evaluated that to the what risk options, surprising of joining introducing concluded is RTOs. other not which our of our unquantifiable an we review
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X Slide on to Moving and an center data development. update
gigawatts our of service that these decade. We from peak $XXX Pennsylvania XXXX center territory, PPL we the this of needs of represent gigawatts reflected Pennsylvania of million gigawatts Kentucky over shows August. latest X which have growing developers. advanced to In in estimate Note have planning load and current attract PPL X our the with PJM time in are we in projected call of during types none in interest capital our quarter Our X end that Electric to through up data frame, $XXX the has we service included second highlighted additions in capital PJM XX stages gigawatts large territories second these XXXX plan. Q load highest million projects continue now in our from our forecast, which to in the incremental
of in are with important expected advanced include the multiple the developers these will PJM's same it's center queue new And costs projects sites project. to developers important are reimbursable that years, meter Costs begin process projects are of in in occur move they planning load our They the data may the transmission as queues assessing centers duplicates various projects. for to by signed front to in if in projects several having the have up all review due data reviews. connection the to the and with the those over stages The Projects transmission note do PPL even next completed customers. for pay savings some incurred ramps agreements. It's lower are not Recall that that each for highlight projects. forward center data charges. to stages by the
portion for $XXX first per XX% on rates, gigawatt the of average In residential terms save $X represent current our and investment of level the of the savings. connected which center about a that's of demand nearly we could in transmission customer amount, PPL about grid, bill, to the estimate on customers that residential for data month million, their assuming the based would
on will connections costs also ramp, those for and amount timing savings factors, on load of investments customers, of center lower of peak required load including a additional transmission While will amount of number data the depend the system. our the
Turning to Kentucky.
with now to from at of gig. an second advanced call. demand, stages quarter have nearly center We time potential X gigawatts of Active data potential in planning Kentucky up in requests XXX gigawatts megawatts X to the about increase increase our total of X
investments. significant in would Pennsylvania, additive Kentucky in upgrades would incremental investments any capital in be the from any more to capital arise As plan, transmission generation although our Kentucky
for As year approved and support the in our development need storage recommended I IRP CPCN earlier, plan our in growth. projects additional longer-term beyond a gas natural and load center was economic last battery to data what shared
XX% key our Moving to Slide KU broken in Hurricane and to to of example contractors operating operational knocked Once for storm significant X aided power to days. our LG&E our tied the about XXX,XXX customers efforts. Kentucky updates. crews and in the colleagues event Virginia, in Rhode our $XX customers of operations well employees Pennsylvania weather was And complete, customers XXX Helene our and X within restoration Kentucky, down in to regulatory expenses restoration out We and Georgia poles. by utilities Florida, the in in service which and from in damage XX asset and of receiving days support Pennsylvania, in more and We've within years. restored regulatory more for capable a effort. wires X X,XXX sustained the and to significant all were we the XXX since remnants Milton. last efforts This most One of our were strategy, proud Helene, than from and region XX send responded over requested contract several Island Hurricane PPL the treatment resources million and resulted our than great fourth following
Hurricane truly [indiscernible], Mutual industry And Kentucky women in our one ComEd much helped our power needed that provided assistance women is men on during and the the thank also efforts our men from of our I to to and teams that makes support. customers restore thank I all us all CenterPoint that that those Helene. areas NIPSCO and unique.
approval XXXX XX-year And $XXX the set other rider, rider under current in this million asset such the cost credit Creek rider the commission. to we end the in of result the RAR return based our retired slight provides in with period of as In recovery year. investments if a KPSC customers through new updates filed by Mill mechanism. retire this costs with to at a recover The in capital. One, as beginning the those build assets will The is associated retirement first to filing cost by requested than average Kentucky. of established request from retirement or well recover of We on which weighted the approved, a over recovery for schedule May on procedural the RAR cost a utilities implementation upon October,
to Turning Pennsylvania.
ALJ X% a proceed the completed with November waiver continues briefing increase X% price decrease yesterday the cap X. to to to decision XXXX. X% represents as a Our price compare compare the the Electric winter Pennsylvania, price. residential follow recommended We've price that's process PUC from in disk anticipate to a decision revenue about compared Also early and in the PPL rates announced petition Utilities process new new to year's to through The effective to to December expected. assigned in from disk last to case compare
customers. of focused parties the a also procurement extends aspects with mind, PA. customers focus business, non-shopping power to in to program we all In affordability filed companies this reach in very remain latest default our our on service how This for plan our for we pleased settlement our purchase to with and the were With PUC.
are electricity from XX, to We plan May of PPL XXXX, June resort procure XXXX, our approval to last of provider seeking meet obligations. X, Electric's through
continued Our for strengthen plan, renewable mix to intended are PPL stability of and modifications while customers modifications and includes that lower March timing the we product which These latest Electric filed resource supporting fostering in generation. auction the buy to uses and adequacy current growth prices to price power.
on decision the the by the PUC the We settlement end year. of expect
Island. integrated XXX now which Island make truly Rhode transition the National have services customers. rallied as our phases Energy Rhode to into the so works third involved Rhode excited our to completed at Rhode One more we as transition in Grid deliver team in from enough We're to to to I can't am when Energy May X outcome, teams everyone report was It integration well that Island hard serve this with effort services Pennsylvania I past entered Energy say Island best as quarter, to about exiting Kentucky, the possible. in over than pleased exiting PPL Grid National to Rhode well XXXX. that how we acquired Shifting fully years. PPL of to the into a the transition Island
resort reflects pleased winter pass decrease we're filed. The year's to Finally, last able those for rates Public to last to our in and September, on X% service Commission Utilities X, the an Rhode the October winter Island rate residential as customers approved nonshopping company's savings rate, from be effective customers.
to call over I'll Joe for update. now the financial turn the
