Thank you, morning, everyone. Jackie, and good
I and be topics in Chris more chapter. detail. great key work On X in time the to to XXXX. an this team, it for this closed out I'm how strong start to our to results me the to turning its couldn't want of cover to and into Board XXXX I results off over we morning's annual prouder quarter to already a thank take and entrusting the into how CEO, financial an we're before excited to I first once as lead the I'm again for privileged company next Before get with moment amazing call,
this objectives commitment continued First, have stepped I strategic discuss now role. our want that new to I to my into
for I'll Second, XXXX. summarize the full year results the fourth and financial quarter briefly
the plan. morning long-term our for update LDCs we Gas that provide of and I'll and our capital announced sale rationale investment this Louisiana Mississippi the an discuss Third, on
respect better is with held articulated Day at calendar. clearly fortunate most we was with CenterPoint I on we it thoughtfully I'm in this conclude than be benefit update in our consistently track and an have to Finally, to In undoubtedly My our of step positioned record plans the where Analyst long-term history. the continuing stand XXXX. the when my one tangible executing will time I'll growth role this of time our when of focus our into regulatory I've for here, we enhancing that established believe all stakeholders. of it plan a
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stakeholders. looking First, our sustainable growth and delivering consistent for at
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on continue and providing company's and to be sector to value. rates executing enhanced future EPS, laser-focused in great growing I'm highest our the to dividend we point last deliver line we non-GAAP over of growth addition period dividend earnings, In a to of time. in same expand communities that consistently our one leading quarter, To stakeholder I the made service grew excited outstanding about as customers with on the also
are utilizing by the a We continuously mindset organization. lean focused levels on throughout affordability service customer improving maintaining while collectively
revised nearly increase will in capital support serve in our rate Supporting plan we growth investing EPS XXXX. sector. now XXXX billion, the $XX.X to and This through increase solid the highest our customer-driven industry. capital strong highest plan a Analyst growth that our CAGR to again plan capital a outlined supported turning continue in rate Day. approximately to one growth we're regulated customer-driven is, is a Now in billion a the XXXX, through an financial XX% businesses. X% our a among resulting the base capital growth Today, plus foundation investment base capital targets. for investments Analyst that At translated growth XX% once results investment Day, strong $XX as long-term of to the base This announcing capital XXXX since non-GAAP which again, by investment as rate
executing our to customers. service effectively capital plan, to on In strive addition to our provide we also affordable
impact our our on the of continue customer We of be investments to mindful bills.
on our of O&M to X% XXXX. remain average year we focused reason, target this For per reducing through on X%
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in targets. forth of reduction One targets our other XXXX the with we Analyst our O&M dovetails put Day
efficient customer for we Scope from term. retiring As X by emissions X long which are over sources, and savings XXXX, our net goal target the translates we fuel less generation X Scope into
external maintaining reliance XXXX We financing on our focus our plan operations we're regulated continuing sheet a of for our stakeholders. we and efficient capital XXXX support growth will investments. all to we the The be in quarter that the transaction discuss targeted in more with balance evolution ATM message this equity And XX-year pursued the evolved reinvest I'll customer-driven strong fourth back today, last with our opportunities introduction funding strategic and which At a XXXX. modest issuances. investment transaction, investment Day, to efficiently our recycle we financing program proceeds have our morning. capital that Analyst without of turning on Finally, benefit announced detail transaction into through capital
capital outside extending we as financing plans, addition, further will equity incremental our of equity-like Chris are provide ongoing the of business. color In per investment we growth XXXX. million need have financing our also regarding $XXX our through year or funding for of needs
second X% is the my I'll year results growth to key fourth year non-GAAP non-GAAP $X.XX. full from to cover non-GAAP the full of This Moving X% these and topic, EPS results. of announced year quarter translate Again, now EPS for these have what rate reaffirming actual for of and long-term XXXX full we morning, Consistent results $X.XX midpoint higher prior XXXX year equate EPS our Most we quarter this $X.XX, each are year. base consecutive our we growth levels rebased $X.XX. non-GAAP practice, EPS to our $X.XX from third year. guidance the to the of importantly, XXXX with earning targets would higher at growth off which an range
at and share to grow non-GAAP EPS continuing end mid- dividends the earnings through to expect continue grow X% we high XXXX, in to line of with per Beyond to growth. the X% annually to XXXX range
provide will earnings regarding and Chris details additional our results guidance financial later.
will Again, and This after-tax a anticipate transaction this result the LDCs industry-leading which plan. following efficiently time over to our we few XXXX recycled last earnings. terrific years in fund have earnings stakeholders. multiple for this all of we proceeds growth is to outcome transaction, execution of fourth mark the XXx sales late our approximately and of quarter equates announced in discuss approximately Mississippi the proceeds cash Gas we I to Now to of next our in the first it which closing sale $X year, We of sale morning. an Louisiana anticipated billion is want
well Although as the to serve transaction is are is hard with a incredible assets. great team great Mississippi the Louisiana, part to those over we jurisdictions, been and great outcome, it as communities have always a years. privileged
that sell gas programs. us $X by around X and gas valuation will LDCs approximately which of is share decision first, the efficiently base to support XXx XX% in of environment natural cash and there a to the support want own to for strong reasons: much sale billion industry-leading rate principally constructive LDC our be demand to particularly our market anticipated sheet. cost of was the investment of capital XXXX growth recycle these proceeds high-growth than illustrates LDCs jurisdictions. Mississippi stock than different allow our and cost sale, maintain [indiscernible], more issuing our about also capital The to effective I continues even in strength last balance after-tax for color our the in The valuation our roughly to continued to a common earnings those Louisiana driven
the enhancing reprioritize of gas investment will capital we The LDCs we ongoing to jurisdictions the that the to expenditures us capital that of $X less with able power billion much of lag, allow be other is $X we sale jurisdictions. to regulatory Second, therefore, of billion will of approximately this it in earnings reallocation company. support added of of benefit deploy that these expect anticipate
helping to it X% gas XXXX electric help portfolio, through and while at support our This optimize made growth have to sheet. Third, to maintain for transaction non-GAAP in jurisdictions as end service mid- our both we sense our resources high our to range where growth EPS larger and presence. also EPS will balance we or X% strength of annual focus have time and target where in XXXX, a non-GAAP of X% the the we work of us our
in able our territory. [indiscernible] Electric once We the help will Louisiana resiliency knowing systems, to this plan. our Today, this an now million deployed broader we [ in this investments the work investments increased closed. the our announcing year, and LDCs service of Mississippi gas capital to to fund be efficiently principally we're increase that of million of we that This also reliability capital sale how XXXX. did this we to these spend it related Houston by benefit billion to investments offset in total beginning improve to of is positively the once well this brought the billion of made XXXX. $XX.X billion announced already decision the $XXX over critical in and investment a increase the capital bill resiliency to businesses. capital invested that loss that $XXX $XX be we through quarter shifting Texas ] our have of Now enacted the system $X.X those Houston the guided XX% We customers. response resiliency transaction of legislature focused Electric $X.X represents investments will was revised of XXXX in nearly capital million plan as on increase approximately gas investment fits today. our increase fourth the base in to to states as at targeted again, Today's billion was amount planned of $XXX for our of by within in on XXXX which the at in increase the our have originally context rate would investments
at We prioritizing distribution resiliency plan the devices forward Electric and of that earnings automation enhance our look the filing sharing and harden system, in distribution call. early mitigation. our modernize, year These Houston likely the of to multiyear on will and operational investments flood this resiliency second asset and and transmission support details resiliency such programs reliability quarter of hardening, our next as further substation
on a move to few I ] financing our comments conversation, around which this moving and make want from Before capital will more pay detail plans investment cover I in momentarily. our [ Chris long-term modest
to of our also or planning incorporate needs long-term earlier, $XXX funding equity-like moving efficient proceeds are into transaction financing the In recycling strategic million approximately plans we addition of equity [indiscernible] forward. annual to
the Chris shortly. fund continue will annual strength our address This allow capital growing is maintain of to needs our and plans, incremental describe that balance to cash to sheet us
regulatory before context it into put is cases Lastly, calendar. rate over a what I want Chris, on to some color our to busy and turning relatively provide
remember cases next place the are although it's to located have think where XX total rate base to enterprise That XX% than jurisdictions the in anticipated start where months. I greater rate important from. of is we we in
are most positioned have of that been the regulatory in already uniquely We through review. some investments
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Electric. Houston Houston our rate file indicated jurisdiction, had to extension our second Now to that call, this of turning we requested the quarter an to from March largest previous On our we year. X case Electric
open case. last in meeting, to PUCT However, the with March rate ordered January in X, XXXX as decided stay commission original deadline the the the
Bill. better early all open While file by ] filing the we anticipate finalized that Resiliency case the a the be requirement in At parties in January PUCT we revenue its flat prepared case, XXXX deferred will as increase. supported [ meeting, extended for to bill the was known and rule-making date the the house March same relatively
from that recall recovery multiyear riders or allow may our for bill through you Texas of certain regulatory allows to TDUs previous would earnings plan As a costs the call, resiliency the resiliency file assets.
new these in respect and older substations investments unplanned support should upgrading Electric, upgrades system. response shorter to our Houston are distribution to and time help investments include restoration times. building For upgrading upgrading and lines, our These outages, renovation greater expected transmission and accuracy with faster fewer
Additionally, in updated our regulatory of such on final in for with and depreciation is its when deferral on rule assets the time placed cost the for the as final investments and rulemaking investments. This of allows return between those capital resiliency investments. are rates a these reducing costs lag in certain distribution form and associated service are critical beneficial
filing the make would We the initially indicated towards quarter. of end our first we
the delayed, slightly second in will However, as be early our making filing the was submitted quarter. likely final room
In our in highlight week the distributed in the our of million a rate we jurisdiction other with Indiana, increase recently I'll our approximately cases. of first $XXX rate requested electric gas. X revenue more requirement over Now our connection case filed we Much from filed December X investments renewables a field cost-effective move such to and this in requirement and efficient plan increase with natural associated a transition types away requested with generation as years. as is of coal revenue next
plan As prudent are end fully investing generation keep by strive operating of customer of we to we Indiana XXXX. also as the investments to These reminder, affordable. a in a bills coal continuation our exit
a have expect effect in increased customer between final a the X.X%, and a into in fact, well below growth over case in year. In XXXX, that went decision time. our QX same of period annual compounded charges in state, Absent X.X% since this of rate settlement, at our peers rate which last this rates range we X.X% case from of
with our filed requested the October to Moving rate approximately We requirement case million. increase Texas Gas. Gas revenue end $XX towards a on Texas of of
a of rate But As a combined result customers, bills jurisdictions term, Texas filing result on it reminder, should our near we reduced single our basis. of located in into go-forward a from only in specifically should areas. number This declining X many the filing. of not combined more also a those all in filings case in rural
expect third final a Absent this to conference month, we to continuing constructive have this case. towards in middle of the We decision work of settlement, forward later and a look we settlement resolution year. a the the
in in Minnesota X million with our filed and our rates November to increases revenue approximately $XX requested turning on business. Finally, rate XXXX, We the respectively. of will XXXX gas and case the $XX Interim million operate for rate This approved the for safety end the on the of Act. for of XXXX providing were the Innovation towards customers the which for XXXX future. for then. if case filed this X. commission is well we with to went not time majority our under and we into could before fundamental case revenue a year have The January rates of Minnesota Natural first multiyear settled have interim as effect attributed increase mid-December consider in Gas we we The projects goal the filed programs requested of the requirement increases benefit smoother be the of revenue some as the
produce reach case get Those depth our value we've midyear, updates simple, efforts are want executing we of for and look positioned of rate drive this all We we've believe our all a plan resolutions with provide have to prudent and investments that cases all I given stakeholders. foundation I a some our a with closer made the of for my to for mention filing intense concerted in as rate of and business. our filing. it's all are to well all you. forward the stakeholders in benefit strong our our But made now focused customers. anticipate rate our information. for controllable of successfully believe the I cases. customers realize on one case as Gas more this O&M the We We cases to is groups Lastly, rate of and important working we to to will constructive it stakeholder to cover in details lot Ohio to we focus XXXX with of relevance all filing other of activity, be we'll we that to
Indiana especially in in great hard front employees, even to our historically service through service our proven EPS am territories bring those XXXX was they extreme X% X% commitment guidance manage to as XXXX cold customers to right of continue our of in non-GAAP our guidance our of I CenterPoint we will we have to as confident another year here growth unique doubt provide target reaffirm storms its long-term and as team challenges, at EPS territory, want this no I in our into we Electric mid- we to here at strategy end consistent our am them. faced own a worked track winter. execution. as but but forward X% for thank on XXXX. a XXXX record and the throughout through I non-GAAP all service long in severe to damaging lines path of XXXX the summer our to high hot our place confident Houston the
Chris to With that, his I'll hand financial for it over update.
