Strong Growth in Houston Electric Service Territory
The Houston Electric service territory continues to experience robust growth, with a forecasted peak load increase of 10 gigawatts by 2031, representing a nearly 50% increase in peak demand over the next six years. This growth is driven by diverse economic drivers such as data centers, advanced manufacturing, and energy exports.
Increase in Capital Investment Plan
Announcement of an additional $500 million increase to the 2025 capital investment plan, bringing the total increase to $5.5 billion this year, with no need for additional common equity. The plan now stands at $53 billion through 2030.
Recycling of Ohio Gas LDC Sale Proceeds
The proposed sale of the Ohio Gas LDC is expected to efficiently recycle cash proceeds to support increasing investment programs in Texas, allowing for a reprioritization of nearly $1 billion in capital expenditures through 2030.
Improved Operating Cash Flow
Operating cash flow is expected to improve by 5% beginning next year, enhancing the ability to self-fund capital investments without the need for additional common equity.
Positive Non-GAAP EPS Guidance
Reaffirmation of 2025 non-GAAP EPS guidance range of $1.74 to $1.76, equating to 8% growth at the midpoint from 2024.