Carly Davenport

you highlighted, in the materials, the potential to update the EPS growth guidance on the third quarter call.

Can you talk a little bit about the key considerations that you are evaluating on whether or not you will put forth a bid on the remaining two competitive projects

what are your thoughts on the adjustments proposed related to the infrastructure investments? Do you see any scope for some movement on that side

Any sense how much of the equity you could look to satisfy with the hybrids?

I think there have been some bills introduced, around data centers and other. So just curious if you have any early thoughts

is there anything you can share on that delta just in terms of how many customers that change is attributed to?

with the Omnibus Energy bill passing over the last couple of weeks here. Just kind of curious your early views on any sort of implications

any just shifts in your conversations with customers or incremental potential customers in terms of what they're looking for

is there any potential to pull forward incremental projects or accelerate plans to be able to take advantage of those credits for customers?

is there anything that you’re seeing or hearing from your customers, particularly on the commercial or industrial side giving any early indications of any potential pockets of slowdown

Is there any quantification you can provide on the exposure of the overall capital plan to tariffs?

how you envision that new capacity? Is that more focused on opportunities around SMRs or something more like an AP1000?

Can you just help us put that 5.5% CAGR into the context of sort of the total pipeline that you're seeing in Missouri

are there any historical data points or rules of thumb you can share just

Could you talk a little bit about what you think contributed to that and then just how you would expect those trends to evolve in 2026

curious what that assumes on the PJM open window opportunities. Is the most recent window sort of baked in there? Or is that a source as you think about potential upside opportunities

Are there LOAs outside of Texas that are in the plan? And then is there a defined term or gating factor for the LOAs that are included in the 28 gigawatts versus those that are not?

Should we think about that as just a timing impact in terms of the ramp of some of these larger facilities?

just curious if there's any potential to pull any projects forward to secure the tax credits for customers?

Can you just talk a little bit about the RESI dynamics driving that to track negative over the last several quarters here?

any color on how we could think about sizing what that CapEx could look like or the timing to deploy it?

Can you just talk about the status of procurement of key equipment like turbines to execute on those plans?

the proposed Mount Storm combined cycle plant. Just to confirm, that would be incremental? To the base capital plan.

where you see the most opportunity for efficiency in the timeline, just with the reduction in the days per turbine

Should we think about that two days per turbine as the target, or are there identifiable items that could get you toward maybe that day to day-and-a-half range

Are you seeing any shifts in terms of the cadence of load development or progression through your pipeline due to some of the broader uncertainty

curious if you if you do see any incremental litigation risk or headline risk on the project from sort of external involvement

any color you can provide on how to think about the cadence of the remainder of the common equity issuance

Are you still assuming that Stonepeak will continue to contribute incremental capital there

any color that you're able to share on the sort of timing to in-service for the 9.8 gigawatts of load that's now under ESA

any color on the reason for the PJM delay in terms of the cost update for network upgrades

any views on staff recommendation and any indication of what the issues will -- which as you will be in focus for Dominion

Are you seeing any change in tone or concern just around the broader economic uncertainty

Can you just talk a little bit about that structure and just sort of based on your conversations with data center customers

Have you provided any geographic breakdown in that high confidence load pipeline

Are you also in progress on securing the gas supply for any incremental gas plants as part of that next phase?

is that sort of a structure something that you might consider participating in?

any details you can provide in terms of counterparty or terms there?

are there any outstanding items or constraints to signing firm EPC contracts for the execution of the gas generation

Could you talk a little bit about the timing of sort of the cadence of the gas, nuclear, and hydro upgrade opportunity

just curious how you might envision Duke playing a role in this build-out, particularly as an operator?

would you expect that to move higher to the extent that there's expanded natural gas pipeline capacity into the Southeast?

Can you just provide any color on how we should think about the timing of those investments and the impact it could have on your CapEx

I think you had mentioned that there's an option for them to fund the total investment sooner. Is that something that's just up to their discretion?

is there anything that you're seeing or hearing from, in particular, your industrial customer base in terms of activity levels

Can you just provide your latest views on the outlook both for transferability and the future of the tax credits

potential options on the table in the event that reform does not move forward this session?

Just curious if you have any view on timing to sort of cross that $1 billion threshold

how you're positioning some of the rate decreases that you've seen this year and Edison's overall strategy on affordability with policymakers in response to some of the noise on affordability relat...

could you just provide some thoughts on kind of the course of action in the event that legislation has not passed this session or maybe isn't as comprehensive as you might have hoped?

On the AMI 2.0 application, just once you file that what do you anticipate to be the timing on clarity of approvals? And then just how does that interplay with the timing of the capital dollars tha...

Any updates that you'd call out in terms of thematics that are coming out of the updates we've gotten so far?

Just curious your latest temperature on the outcome there relative to what you have baked into the financial plan

It looks like the FERC piece come down a little bit on the margin. Just curious what's driving that?

your thoughts on perhaps other alternatives that you think could still support affordability in a more constructive way?

Can you just talk a bit about your wildfire mitigation plans related to any other idled or abandoned lines that could potentially pose risk going forward?

if you've done any work quantifying exposure to tariff risk and how you might be working to mitigate that?

any color that you can share in terms of what's embedded in your plan or just how you're thinking about a potential improvement or not in the CPUC ROE

what are the next milestones that we should watch there to derisk that potential investment

on the incremental revolution charge this quarter, can you just expand a bit on the kind of drivers that, I guess, were unknown relative to last quarter

Could you provide your latest thoughts on the potential for further appeals to be filed in that process and your temperature on this progressing to close?

on the 205 filing, you mentioned potential to reach settlement there. Could you talk about what that timing could look like

could you just dive in a little bit more on what could potentially make sense from a minority interest sale standpoint

you are still highlighting a billion dollars of upside to the new capital plan tied to Connecticut AMI

I know you guys have talked previously about kind of timing to file another rate case at CL&P

are there any updates you can share from conversations with credit agencies in terms of their views, just given the focus on the regulatory environment

can you walk us through kind of the confidence levels in hitting that 14% level by the end of the year and some of those drivers in addition to the asset sales

could you talk a little bit about how that potentially could impact the longer-term FFO to debt levels? And then just from a logistics perspective, how should we think about the timing

conversations, in particular with Moody's, in terms of what they need to see to sort of shift from the negative watch

could you provide your latest thoughts just around some of the noise on the forward composition of PURA just in terms of filling those other two seats

would you expect that to be put a new ATM program in place as you kind of work through the initial $1.3 billion

how should we think about the potential timing of some of those buckets coming into play here

Is there any color you can provide in terms of the potential timelines for projects to progress through the different phases that you've outlined in that pipeline?

Could you just talk a little bit about the bill impact with these auction results in place, especially with the BGE clear being lower relative to the last auctions?

any visibility or sort of guardrails you could put around the magnitude of proposals that you might put forth

how do you sort of characterize your confidence there on getting those approvals across the finish line

I know you guys have been considering kind of the right timing to potentially file another rate case there

any impacts that you're looking out for from the Omnibus bill that was recently passed in Maryland

what portion of the near-term spend, so say 2026 to 2028, is is tied to projects with right of way or siting and permitting that are in advanced stages

Is there anything specific that you can provide on a sort of percent bill inflation target

can you talk a little bit about kind of what's giving you the confidence to do that? And ultimately, if we should be thinking about that as a floor

are you able to share how much of what is contracted is under an ESA versus another type of contractual agreement

Just curious if you can flesh out what is driving that upside versus the plan? And then curious if you'd revisit the guidance range as we get through 3Q

Could you just talk a little bit about what's embedded in that 20% opportunity that you've highlighted? Is that just the PJM open window

is there anything that you're seeing or hearing from your industrial customers in particular that you think could pose potential risk

Can you just talk a little bit about what's driving that to give you confidence this point in the year to sort of target the top end of the range

You highlighted the actual '24 FFO to debt at 12.5%. I recognize there's some more onetime items in there. Can you just talk about the path to getting that back towards the 14% target

For the projects that were selected by PJM yesterday as part of the JV or you're part of with Dominion and AEP, are there any assumptions on those projects that are reflected in the current plan

any shifts to the earlier start potential of that particular project?

Just curious what appetite you've seen from local communities in Florida to hosting data centers.

if we look at the year-over-year guidance for both gas pipes and gas infrastructure, that looks down year over year

A lot of the additions this quarter coming beyond the 2027 time frame

you highlighted 1 gigawatt of backlog adds tied to the hyperscalers. Are you able to share any detail on those particular additions

Do you see any risk around project slippage beyond the current plan into 2028 plus just given the more uncertain macro environment

Can you just refresh us on the broader interest rate hedge program?

Is there anything you can share on how this is or is not impacting the conversations that you're having with customers

are you able to share how much of the 2 gigawatts is kind of economic at the $555 per megawatt day cap

can you just provide some detail on what is left there to get the asset online?

as you're integrating those assets, kind of what the key learnings have been so far? Any opportunities for synergies

You highlighted in the slides several hundred megawatts of bridge power available beginning in 2028

any updates on how that's tracking in terms of uptake? And is that something that we should expect to see sort of regular updates on

any more you can expand on the drivers of that strength? And if you see any sort of read-throughs to the potential longer-term glide path?

how that's tracking post launch in terms of the uptake and how you feel about the ultimate margin opportunity there relative to what you've laid out on prior calls?

how do you think about the potential of this cluster study load to move through the pipeline versus prior studies?

any color on the movement in the overall pipeline? Is that a high grading

is it your expectation that this will be sort of in this legislative session

just help us frame out what it would take for you to have the confidence to potentially raise that target

Just curious if anything you can share on conversations with the other agencies

any specific opportunities that you'd highlight driving that potential upside

any thoughts on how we should think about your expectations on the conversion rate from early stage to final engineering to construction

Is there any quantification on those impacts on the capital plan that that you can provide

how are you thinking about the cadence of disbursements and any potential impacts from some of the aims sort of pause

how would you just think about cadence of potentially revisiting that assumption? Is that is that catalyst to GRC filing

could you provide any updates in terms of hedging activity beyond 2026, so where you are in '27 or '28 at this point?

Anything that you are expecting out of that meeting in terms of focus areas or what you think is on the table to address as we think about the utility business model in New Jersey?

Can you talk a bit about how you envision Public Service Enterprise Group Incorporated participating on the nuclear front in the state

can you just share sort of the latest there in discussions about refreshing that program

Is that sort of 10% to 20% conversion rate still hold in your view on that 9,400 megawatts

I just would love your thoughts on how you feel about execution within the full year guidance range

Any indications you can share on the breakdown of that 6,400 megawatts in terms of what are more geared towards initial applications versus those that are more mature

any color you can provide in terms of where you see potential exposure on the tariff front

Do you still expect to revisit that this quarter? And then would that be upside to the plan in 2025

Did those filings already contemplate some of the progression in the load pipeline that you have seen

you have talked in the past about the potential for upside on the capital plan related to FERC pipeline investments.

Could you provide your latest thoughts on the setup in terms of the focus areas of the candidates you have heard thus far

Any sense you could give us on timing in evaluating that opportunity? Is that the extent of the upgrade opportunity you see on the gas fleet at Southern Power?

could you just provide your views on how much [ do ] you think some of those pieces of legislation have and if it's kind of coming up in any of your conversations with prospective customers

Could you talk just a little bit about demand for those types of solutions that you're seeing in your conversations and maybe what you think the duration of that opportunity set could be

How are you thinking about potential impacts from the PSC election and those processes as you think about the longer-term plan

can you talk a little bit about the reception from customers to the new structure and also how you approach the minimum bill components

Just any shift potentially in the time line as we think about the rebasing in '27 or the views on the long-term growth rate there

Can you just refresh us on your procurement status in terms of turbines and also gas supply for those units to come into service

Just any update you can provide in terms of size of the pipeline, what's contracted, what's broken ground similar to the disclosures

the $0.85 represents fairly sizable downside relative to what you guys said last 2Q and 2024. Could you just talk a little bit about the puts and takes

Could you just flesh out your comments a bit more there just in terms of where you could trend in that 5% to 7% range

Could you talk a little bit about how we should think about the split between sort of what's at Georgia Power

is there anything that you could see changing about your GRC filing or any other parts of your investment strategy

Could you talk a little more about the labor side, specifically beyond 2028, and how you think about labor availability

Does the current plan contemplate not going back in for a rate case until 2030

is there anything you could see from that process or even from large load forecast revisions that could pose downside risk to the ERCOT-mandated transmission spend

curious as sort of the Phase 2 process kicks off, how you sort of envision Sempra's involvement there

One of your peers came out this morning with plans to expand manufacturing for transformers and breakers. Just kind of curious what you're seeing from an equipment and supply chain standpoint

as you think about that 50 to 100 basis points of improved ROE, could you just talk a little bit about the timing of those filings and how you'd expect the cadence of that improvement

just wanted to get a pulse check on your views on the feasibility to reach FID on that project by the end of this year

could you just help us frame out the potential earnings exposure on a Sempra-consolidated basis

Could you just help us frame that potential impact? Is that more just a potential kind of slippage

any color on what you think that could look like relative to the four-year requirement

can you talk a little bit about what you expect to put forth there

Could you just talk a little bit about the hedge updates that you provided, and particularly on 2028?

can you talk about your kind of general willingness to lean in on the buyback if the market gives you opportunities

Just any color you could provide on how execution is kind of tracking there relative to the time line

how you're thinking about potential election rhetoric around affordability just in the face of filing a rate case in Wisconsin in the next couple of months

are there any near-term milestones we should be watching there to gauge progress and also gauge the support from the commission for those investments?

do you see incremental capacity and potential on the system for more load to be added in the course of the current plan?

get the latest pulse check on the Microsoft ramp-up of activity at the data center site

Do you think that, that end of 2027 time frame for their power needs is achievable?

Could you talk a little bit about conversations with other large load customers outside of the data center industry?

anything that you fly from the most recent series of workshops there that you think could impact the final outcome early next year?

do you see any implications from new policy priorities post inauguration that could potentially impact the cadence of your capital investment in renewables?

Any color that you can provide, on how we should think about the year-over-year impacts for O&M looking to 2025?

Just curious as you think about the path to final approval, how you'd characterize your confidence level there

Just any read-through to where you'd expect to fall within the guidance range this year based on those changes?

as we move more sort of into the core of wildfire season in Colorado over the next couple of months here, maybe can you just talk a little bit about sort of expectations

I think the PUC Sunset Bill came out of committee last week. Just maybe your latest views there on some of the provisions around securitization

Could you talk a little bit more about the roles that each of you will play in developing these data center projects

there are a number of elections across your states this year. Any early views in particular on Minnesota and Colorado

a couple of the other opcos shifting a bit lower from the prior plan. So could you just talk a little bit about what's driving those

can you just talk about sort of comfort level there with the cushion versus downgrade threshold levels

how should we be thinking about the potential conversion of that upside into the base capital plan next quarter

could you remind us on your turbine procurement position just as we think about executing on the gas generation

could you just talk a little bit about the process or the timeline over which you'd expect to have those discussions with vendors

just curious if there's anything else that you see at this point that could pose risk to that number continuing to move higher

How are you guys thinking about the prospects to reach a settlement in those proceedings

is that something where we should expect to see any sort of announcements around those transactions