everyone. On talking good $X.X John, that executing start which overall billion our first teams plan. great morning, investments. We're Thanks, plan XX, capital capital of job want includes done plan on to acknowledge I our acquisition our in and updated on Slide about by investment I'll accelerated year, have meet XXXX. pace this our to capital a
investment again our Looking ahead to new $X.X plan our XXXX, several level threshold we to generally which the annual years. step up time roughly will billion, be to this for next
expect we about As to $XX in XXXX just increase plan. the increase John increased as years, including well by over billion, near next of the $X million about driven in over window invest approximately inflationary the an $XXX investment expected to mostly This as mentioned, billion X-year billion term. impacts the X previous for $XX is our of
than pace current spend We average. pipe plan and much better replacement of cycle our the this expect lower drive industry to
reflecting goods. plan years. for capital largely in annual the horizon, modestly We you next XX to longer to capital year's other as approximately higher see well line that spend the $XX plan billion On rate see in this run costs our pipe over with plan, to the billion last and be business higher as regulated can $XX we
continued X% and infrastructure and on are invest and base successfully at drive will business of a Turning course, regulated illustrates XX. our as X%. to projects in as rate to execution graph long-term our Rate of continue capital prudently the regulatory earnings the succeeding that both execute growth, acquisitions growth to investments, we long growing This Slide process. systems
to investments added out build timely, It's strategy Moving achieve our operating customers, our timely recovery we theme engaged first. which that levels new the beneficial costs. We've customers we operate water with best mechanisms. in on on helps while here When is regulatory regulators promote where regulatory years. recovery for well over XX, recovery, ways and the decade our customer of to our we and Slide affordability. a increases consistent and it consistent to to and operate, around putting find constructive In states mechanisms XX the XX have policymakers that the over have in been wastewater states past invest to infrastructure,
grow, water we'll and to regulatory legislative As industry challenges focus constructive and continue wastewater outcomes. on
investments on like to also are mechanisms chart of the test reduce years, earn to to lag recovery with across general our of rate we footprint capital also I'd discuss the the and the size our rate our right This able increases forward of page. only timely but recovery on for reliance us the Through pie regulatory side mitigate to and enables customers. lessen cases. return, general not the our
expect infrastructure growth about over is the XX% the investments X of capital to which long mechanisms, a annual pattern more for through be next consistent the years We recoverable unlocking to earnings key term.
Slide to Turning XX.
for Our on company's our DNA years. part many has of been efficiency operating a focus
supply As cost our last manage efficiency you measure metrics the well one increases the on chain managing as the focus pressure of historically through at the used us know, of pandemic. our over positioned costs effects couple by the of as even grow and much This to years to we brought we've business. of the success benchmark O&M about
if we've go ahead, we can efficiency we As below the look been threshold. XX% asked
our evaluate O&M with been continuing to we've to success we're as managing as question, growth that While costs. just continued has important revenue to efficiency emphasize that
So very be mind, XX% well go the below threshold. there with to that realization in opportunity may additional
metric our an analyzing is to by the best we're However, effectiveness which business. and judge costs whether at managing efficient running this
Moving to XX. Slide
good or sit in company face share. as Thankfully, magnitude today, are in customer we system that our here with wallet and investments and the the the industry of of very difficult wastewater industry affordability of most terms balancing affordability water is our One we are the challenges positions relative needed. in
we of our are assist is of growth though, continue around focus and and to programs affordability. potential, In customer believe realize, American must challenged we important proposition on rate in and analysts affordability consideration. fact, evolve technology, an study who affordability. investors also We to efficiencies Water's to deliver our scale focus must sharp strategies management with customers on long-term that cost values our the on around a design consider our order We earnings sustainability as
Moving Slide on estimated gas mentioned Susan as science-based and first of our greenhouse XX, our reduction to are to we earlier, announce X excited and emissions. Scope goals emission new disclosure
we our I'll Before greenhouse emissions gas profile in, walk you a in through dive bit more detail.
As American an Water can often compared which sector included, misleading. essential is provider, emissions be broader service utility to the
an As that absolute emissions an earlier, utility on Susan gas To traded total and electric it's emissions top most the U. than is put as context, footprint Scope much of measured X help noted distinction it important largest Scope customer Water by the both S. American and basis. just represents market X utilities XX cap. companies and into our X.X% a produced by water per publicly smaller
which direct X includes slide, our emissions, purchase X% of generated we the show is external for up estimated indirect sources, and other Scope emissions and XX% it our is in our utilities. energy-related XX% and is way, a most fuel and largely capital Framing emissions more from on another such goods fleet; key goods us power; total services, differentiator and from different as purchased than activities. footprint overall X which emissions footprint or Scope XX% cooling emissions, As made of Scope X heating,
a lot here. Turning XX, to unpack Slide to there's
a we our it high is on to environmental say prudent for efforts Let aligned level, of are believe a core mission. at our that water purview focus utility initiatives in the first, and me with our company
will gas sustainability that fit Our such service strategy. as to customers is patterns of forth more compelling that, support we've set from weather We protect as our goals believe over disruptions strategy time, floods. part greenhouse against and new reductions severe view this emission help droughts
First, our X baseline. and a emissions we by to absolute Scope XX% expect reduce XXXX X XXXX from Scope
X XXXX. Scope Second, we to by expect X X achieve Scope emissions net and
in are long-term and the and medium- with rooted science new these believe Agreement. aligned emissions goals Paris We
doing stakeholders' believe also is all We goals. responsible interest setting our approach path our that by our a including reduction considers ambitious part of
with Our which foundational and clean, of This we was our with to our to stay continue Board approach and affordability technology oversees as level affordable SETO here component on and reliable water us customers. our operations to will analysis metrics, course safety, allow Committee, deliver a our efforts. customer recent our environmental, discussion safe,
we important time also deliver and is usage through wastewater increase. growth, over solutions to to to customers that and note It's water as acquisitions going energy more organic our
SBTi. did We account year to targets will acceptable acquisitions making is systems, as initiative, the through of of rebaseline each standards science-based of analysis commitment SBTi the our practice which our this growth an under for or part We consider a year. to
with time. done can science-based what medium- that X confident I and suppliers are though, around Scope expectations the the be that reduce work new are emissions However, Scope goals mostly not some long-term to do and X we're our we stated, concluded of And continue to X commitments to Scope commission around expect, of X consider with we and Agreement. timing, to vendors SBTi's Scope aligned in best Paris over interest our as our We stakeholders. and
see the these the goals. you at slide, more are bottom As can of than just
and greening with ready by and utilities a of We continue to heavily capital grid achieve is providers. in goals, to Since fellow to continued our have our plans deploy of place component plan. emissions, our the Scope transition greater hope path to We weighted significant that electric to by these footprint see the X other reduction obviously, the XXXX. visibility is
our that portion needs. For of we though, our power know core all outside prohibitive is even us a of cost and it significant competencies or to self-generate
or where partner engagement of purchase New will, New Jersey. plants array agreements clean enter one floating to the though, at treatment We Resources power appropriate, on continue with renewable our Jersey in similar our look into to solar to investments, on
far that of needs. continue emissions the disclosed will largest the can operational with emissions pumping to we water and order goals. power the more by reduce detection more water, we leak systems previously reduction which part, Lastly, and to our our will focus our existing operations. This include assets plan. control will activities Capital water additional these we investments perfectly includes reliability our purchase in and is to align of within of the our projects other pumps associated in as but of converting gains options. efficient And and on deployment driver energy across efficiency pieces fleet and some vehicles our well efficient technologies some large as capital resiliency of of with are small, important efficiency These
ESG and XX Next, let's to journey. discuss to our Slide new turn some disclosures continued related
engaged results on release of And each third such equity we our our diversity@aw.com. a to pay to employee equity very First, to groups, pleased gender. achieving have will study. pay I'm that ID&E study pay pay we're time we conduct you close across our an will most website, including third-party is consultant equity analysis. that soon, see objective summary parity This recent share
American a leveraged processes commitment assessments pay to compensation. fair and from teams equal around these update our is findings and performance testament qualities and to have how Water's Our correct regular any to
internal the was strategy. needed analysis summary some equity began that analysis workforce diversity to because We support we firm led inclusion, in also was and of by our commissioned believe also third-party This factual findings holistic and a of share labor analysis evidence-based market initial and our statistical will XXXX. a was
that Lastly, year in I'd goals X this our like plan. touch on to annual new performance our earlier of established were
ethnic second female employees. for complement and sustainability goals tied and to among and Water these goals to environmental is employees. plan is compensation of are American at employees to all annual performance Both racial representation diversity Water existing safety of American increase that increase The first the
for it's company, communities reflect water benefits or help operate Whether serve. and success of a we the leadership consistent our on our bar wastewater to the we goals leading As employees better our growth execution as ultimately benefit on will us safety our company's has in ESG consistently and our stronger reflect earnings our mentioned at our social customers help earlier, the that believe and goals American culture, industry. these us focus the Water team raised for or
to for the we talked have ability and We confidence achieve in full about beyond. goal XXXX our today
begin to over it Q&A stop any and take and back I'll So may operator with questions our that, you turn have. to
