The company said it presented a $26B Energize365 transmission and distribution (T&D) investment plan covering 2024-2028, a 5-year period, and that the plan represents a 44% increase over its previous 5-year plan and drives average annual rate base growth of 9%.

1. 01

   The company said it presented a $26B Energize365 transmission and distribution (T&D) investment plan covering 2024-2028, a 5-year period, and that the plan represents a 44% increase over its previous 5-year plan and drives average annual rate base growth of 9%.

2. 02

   The company said it filed to withdraw the ESP V on October 29, 2024, and that, subject to PUCO approval, the Ohio utilities would revert to ESP IV. It plans to file an updated base rate case and a new ESP VI by early 2025.

3. 03

   The company said it filed a settlement in its Pennsylvania base rate case on September 13, 2024. The net revenue adjustment of $225M is based on projected year-end 2025 rate base of $7B, and it expects a final order in December 2024.

4. 04

   The company set a long-term annual Operating EPS growth target of 6 to 8% and an FFO/Debt target of 14 to 15% over the plan horizon. It said it does not expect incremental equity needs through the planning period beyond Employee Benefit programs of up to $100M per year.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.