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| Statement |
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| Entergy Louisiana is optimistic it can achieve a constructive resolution of this case that will facilitate our ability to expand renewable resources to support customer needs |
| This is a good first step and improved resilience for one district in New Orleans, but it's far from the final step |
| Today, we are reporting strong results for another successful year |
| In 2023, we improved our reliability performance with the lowest outage frequency in the last decade |
| Bringing new customers into our service area also spreads the cost of customer-centric investments over a larger customer base and improved local economies, which helps with affordability |
| We're excited about our prospects for the future and are well positioned to execute and deliver successful customer, operational and regulatory outcomes |
| Our customer-centric approach has served us well and we are confident we'll continue to create meaningful value |
| Starting with the customer, 2023 was another strong year for growth |
| Our adjusted EPS was once again in the top half of our guidance range, as we continue to deliver steady predictable adjusted EPS and dividend growth |
| The project will create at least 1,000 ongoing high-paying, high-tech jobs, as well as significant economic benefits to the state and local communities |
| Our power delivery team has also made important strides this year completing work that improves reliability and resilience serves new customers and helps attract new economic development to our region |
| And finally, other actions like managing our natural gas inventory and ensuring generator operations at moments that matter, improves reliability and helps avoid unexpected spikes in fuel and purchase power costs for our customers |
| By effectively engaging with stakeholders, we can foster constructive regulatory and policy environments and our customers, communities, employees win while we also deliver on our commitment to provide steady predictable earnings and dividend growth for our owners |
| The ongoing enter from potential customers informs and affirms our expectation for very strong growth |
| Our proven track record gives us the confidence that we will continue to be successful |
| We executed on key deliverables throughout the year and we are confident in our continued success |
| We are very proud of the work of our employees and our corporate social responsibility team, as they provide critical health to strengthen the communities we serve and our efforts haven't gone unnoticed |
| Weather was a benefit for the year, particularly in the third quarter with an exceptionally hot summer |
| Industrial sales growth is the largest driver and is expected to be very robust at 8%, driven by new and expansion large industrial customers primarily in technology, or Alkali and Industrial Gases segments |
| Once again, our fleet performed very well and we maintained reserve capacity comfortably above our customer demand |
| Industrial sales were strong, but not as robust as anticipated going into the quarter due to outages at customer's facilities and slower ramp-ups from new and expansion customers |
| Our 2023 adjusted earnings per share was $6.77 and the top half of our guidance range, once again delivering steady predictable results |
| As Drew said, 2023 was another successful year |
| We were also recognized as one of the nation's top 50 most community-minded corporations by the Points of Light Foundation and the highest ranked utility |
| We continue to expect to achieve steady predictable 6% to 8% annual adjusted EPS growth |
| We continue to be confident in our industrial growth expectations, as sector margins and commodity spreads remain strong, and we continue to grow our backlog of signed electric service agreements |
| As we expected, we closed 2023 with solid credit metrics |
| We made good progress against our equity needs as shown on Slide 7 |
| We are working to improve efficiencies and reduce costs allowing us to offset the impact of growth and inflation and maintain a flat O&M outlook as well as become more efficient with our capital investment dollars |
| 2023 was another successful year for Entergy |
| Statement |
|---|
| And I would just add that -- for this year, we were a little lower than expected |
| When it comes to safety, our work is never done because we believe zero harm is possible |
| We did not receive everything we wanted in the rule making particularly around credit support for utility already stretching to meet significant customer growth needs |
| O&M spending was lower compared to 2022 |
| To achieve this, we expect lower spending for nuclear generation and power delivery |
| No problem |
| Excluding weather, retail sales volume was relatively flat for the year, as industrial growth was offset by residential and commercial declines |
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