thank and us. All you, right. for Thanks morning joining Well Barb, good everyone.
in Peter, So this last year. updated will recap as will quick in customers, bit an guidance, and Q&A. highlights versus finally, also morning, wrap a who I XXXX, reform our our I will tax financial XXXX then Norcia will describe our and I turn performance our on it growth term long before am well tax on and as give on things he of provide preview will impacts XXXX, you our detail over impact and Jerry more updated up to reform DTE performance review a update to EEI of an how going then provide plan, our and of the
well; well XXXX. on So we you, we as that have I become not success as positioned only XXXX, as back confidence but a for in proud financially, many are my look be high clear lot fronts and to think we is on other very of, to will
on of So quick our I slide will XXXX, recap a beginning with accomplishments X. start in
in its was the I that the success with have of our of those our employee at through the DTE engagement and to Great know fifth that's XXXX, the Gallup's who engagement and future. worldwide strength positioned to culture. only determined earned highest the our ever top of by the is bodes in and company's Well, here year. receive employee Gallup. I remain are the the years this company XXXX of we well it, XX have at ever that healthy, hope We sixth Early In is we utility in consecutive years, Gallup believe culture receive our think tracking talked achieved Award. very me Workplace award, engagement score strongly over we X% database, ultimately that consecutive you that we early for the
simultaneously. Electric in customers Gas first second Gas level customers the employee's history. great Award ranked for one our JD We the also a also companies Power American some held priority well. discipline. number company's one the Both, very Safety of is in row. Midwest, is strong two we reasons, have We and years a focus received our with but business in produced the it's history for hit were Association for Achievement down indicator highest results of their obvious and Power's a of in as in We the trophies that study. the JD our XXXX safest This XXXX customer year in Safety time in satisfaction your
outcome is and overall the second ranking residential the in satisfaction two DTE's one, Electric our and one, customers with two, overall in in number best ranked we Gas Midwest, of satisfaction history. Additionally, combined customer
restored and And with winds we damaging the gusting investments Electric massive of leaving tested and without really effort, improving our hurricane grid XX% satisfaction during in before, two the with history, and nearly results, these and to we said customer customers days an to restoration achieving that a And mind, those we improvements liability. results, remains last XX% on force Power. in restoration continue hour, that And target our XX year, have modernizing Award. lever customers which things about in miles improvements our of Electric look we to in for our windstorm And We EEI's by are near have including I most Recovery earned made in year, us significant effort restoration off. the XX% as those paying was is grid biggest investments I storm in days, last years, XXXX, our Emergency over am of proudest. this in reliability, during recent reliability feel four effort of and back improve as storm one
wake in and knees, this to know, you experience ratings their penalty achieved Storm think and tireless of storms our product our year. regulators the put last and box testament our of in as restore history, continuous had practices. the is historic them quickly the employees our with that effort customer to that possible. event, was opposite We we a of in bring communities our also improvement the as satisfaction and customers, can industry to I highest companies in the
a put made have storm restoration of and it lot revamping We difference. into effort processes, a our
on focusing in helping slide our efforts force we to industry, and are that a the results which and O&M be cost bills is those growth communities and have work. for CI serve. that at I'm customer the We X, keep of also productivity growth, efforts moving among the to is those levels and in containment is efficiency, the to to proud, of lowest disciplines same our ability
commitment earned local exceeded for and We by spent So pure we the Midwest these supplier XXXX, with significant one Michigan to corporate billion Michigan. in investments initiative. connect, $X.X companies in the JD business us efforts ranking Power, based number citizenship making which are our Michigan the in
were XXXX all Michigan than with we as spending less a look billion when year started to $X.X of back know, this, suppliers. You I we
effort suppliers increase has So our jobs it state. and our created has in those effort, a been great seven year nearly with spending XX,XXX to
key to modernizing is bills few front; customers heavily to workload in bills has in is essentially added direction that commission. which well and fleet, if your rates on significantly Power the of say providing Michigan began one. announced of top company's that process, normally lot the setting strategic our tax a our regulatory XXXX, force in have will odds the are provide carbon be the XXXX, that and said to to invest a job passed tax It now. get its the vital constructive our reform, we Michigan's reductions issue. as to continues And commission a through, of a infrastructure. our always on your a on a added In affordability, with that break be if boost XXXX, are working constructive. emissions vein, our policy second the are how reduce you legislation issues many leadership long energy I in our on keep you significant XX% higher, costs in in constructively define and and having and working which We we XXXX, community, priorities policy ageing to But to you sustainability Michigan. job we public initiative if said, implementing Those regulatory serve a than has will their them through and term more they will environment priority from has in first a well, continue generation your regulation maintain consider will what lot by plate to group customer right customers positive a outcomes have also by efforts broad the work our that for to the on manage I XXXX, for That cases and
X,XXX The new finalize megawatt second, we our combined the to for plant. cycle is that and necessity need certificate
we plant, X,XXX come infrastructure the mentioned backfill investments carbon just reasonable just in a XXXXs. in retirement plant megawatts, our also to achieve this modernize that invest an then ago. plants, generation and in will allow to that the is And our cleaner offline improve continue I essential along I the that minute we upgrade of that and reliability finally, Outcomes and early for over So customers. outcomes. the our end-of-life described this step way case us to three renewable totaling coal with rate plan And reduction Power have Gas the need is will
So rate but we these there are do constructive with all follow outcomes there, in positions we that are are other get a position filed in I closely, cases out the proceedings often is consistent as confident case case, remain and good our know that plan. you to our
that creation; in in Now to moving value to this utility XXXX, and continue continued year. infrastructure will we as on I growth and renewing already mentioned, our invest
Our non-utility XXXX. of had businesses big in wins a number
remain on on business, the additional the and So BCF and for expansions achieved third late milestone, We Pipelines in-service made construction, we it's this our Bluestone Nexus day year. significant the horizon. on Gas, pipeline our and quarter a progress with delivery X on per pipeline in track Storage,
fleets to closed new use with also produce those for and used vehicle Ford three of in projects a host in we project same helping will on initiated achieve Industrial them XXXX business, GSP Motor Industrial Power a at XX% renewable we on systems where and to in our and the acquisitions meet and will touch build number reduction to two is promising RNG bit reduction. will gas to underway, carbon energy service of P&I, Company, later. including Power more initiatives also or a renewable In be have goals. and XXXX, sizable a operate gas advanced research which Ford's natural engineering Power true center, Jerry energy We a and nearly energy
results, So now to turn talk to guidance our our X slide let's XXXX. XXXX for financial about over and
$X.XX, allowing In us reform the a per history, will $X minute. reform original reduce billion XXXX, a were exceeded earnings in time shareholders. bit rates, marking have tax we company in in I guidance. will share further operating year detail in operating also So which exceeded for benefit And the is our Tax customer earnings. consecutive we to XXXX our ninth first that
the have growth per $X.XX guidance for also and a share year it So guidance the ago. base EPS by guidance EEI versus original increased we XXXX This November. we is X% share EPS $X.XX the the last at that XXXX provided increased that projections, to X% we a increase new provided X% to conference is our from our per earnings guidance
in plan, how per to increase of guidance to in the we wholly provide and deferred business will to year taxes utilities a said, increase mix down our the utilities base the five part the from to the early on funding higher individual is tax bills tied the plan. of color the begin latter The debt. in the $X.XX transitions years will as the non-utility the rate contribute of share equity of But the road. that additional units So businesses affect
target the in to with range the tax the five XXXX, with will get $X.XX we mentioned, Then dividend ratio increases is earnings average, reform of in we and in X% payout latter goal actually so we our per to portion share. peer our of from there as EEI, line through And then and line accretion that. at to EPS of will [indiscernible] -- finally dividends continue after grow continue our in plan, grows year to
before that on slide talk maintain our further, tax of to the to and impacts So customer X. reform want highlight do efforts about affordability, I I I
we So evidenced earlier, the customer as by efforts, rates five lower in business control our our to are well peers to and over years. ability positioned bills is our and among past mentioned continue this cost
the rates five residential over while decreased by rates Electric same over the So declined X% have by last down bills average through Electric have X% Industrial period. years. by decreased XX%. XX% XXXX, Gas have Gas bills, annual
aging have are to then through technology work add certainly these doing drive we prices on affordability the into also increasingly declining the and productivity well. deployment we of but infrastructure, Gas CI and modernization front this as disciplines used So have helped our those, increases,
customers, going savings color long along will more And that affordability tax a little way customer to the slide tax a topic. I reform, X, toward am to to speaking So this that maintaining provide to focus, from move reform of with we go want. on accrue substantial will on
our for simple, and for good good customers plain reform So our shareholders. is tax and
it affects each. So frame up let me how
then We of $XXX at pass the in and to to of tied as First, a utilities our anticipate in the annually, remeasurement on this rate on savings proceedings. additionally, $XX thing order is customers, utility good expense, plan refunding taxes of result customers. we two in a reduction the million deferred future for current to the million our tax
to now savings closely these working will regulators are our we back We with right to flow our customers. determine how tax
So the is will shareholders. second in that is reform, for I point make tax it our good
this higher utilities our and $X.XX X% over in builds growth XXXX As Operating guidance. our I mentioned grow XXXX it's beginning earlier, at X% immediately accretive, time. from to earnings
will of contracts, equity rates, to us, that on may is immediately existing includes a and last the our million. of accrue tax called future to to balance higher accrue businesses, nature business order that our customer, depending I often us rolled benefit share the $X maybe at the called exposure on have and existing very may tax contracts or our project competition, fall, to own mention, non-utility the $X incremental years. have variables. accrue we that the impact three the respect benefit and non-utility for little dynamics, of $XXX And reform the With there and GSP I tax to has be for might lower we exposure billion recourse respect at on plan our upside negotiation For tax million to FERC the expect, every on contracts, over competition, lot a million, the every the its capital, EEI to an $X created. next if sheet, plan as changes is in may out With the will case of
$XXX reform, tax next modest of see need a two the together, when additional we result $XXX million put the so we the million, a as over So years. three for
in We often because sheet credit our ratings support always that equity are and know just flows, ways successful to are maintaining past. issuances been for to that cash balance we balance look have we minimize in sheet doing doing maintaining current flexibility. and strengthening you committed the said, by That we metrics that,
Now to results. to more turn our Oleksiak a Peter going you. to I talk to financial over about am over things bit Peter,
