Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| Year-to-date weather-adjusted electric sales increased by 1.1%, largely driven by strong C&I sales |
| I recognize that it might be quick timing for the external world, but we've been working with these people for a while and we're really excited about what we've done here |
| So overall really great trends as we look out -- not only next year, but longer term with kind of electrification and data center potential |
| We're proud of the four grants that we've received really focusing on how can we help lower the cost of our customers others for new technology around and specifically on the form long-duration battery |
| We're really excited about the Colorado Energy Plan |
| Xcel Energy's resource plans also demonstrate the benefits of the Inflation Reduction Act our state's geographic advantages that enable high-capacity renewable generation and our operational expertise and commercial acumen, can bring to our customers |
| This plan seeks to double the amount of renewable energy in the state making it the largest clean energy transition effort in Colorado history, and demonstrates our strong element with the state's environmental goals |
| We should be a very attractive destination for them, as we can deliver renewable energy and clean energy much more cost effectively |
| This competitive portfolio provides our Colorado customers an industry-leading opportunity for a cleaner economy, at a fraction of the cost most other states would incur |
| So as Paul mentioned in the opening comments, we view it as a onetime chart and we have a strong legal basis for challenging that $26 million of award |
| So we feel very good about our $300 million to $400 million for -- in total for the balance of the year |
| I think also what we found and this is the strength of us, as we are a major player in this market |
| And with our balance sheet strength and our credit quality, we have no issue with identifying these credits, which makes it really easy to do business with us |
| Funding support helps us accelerate critical carbon-free technologies enhance safety and resiliency, while keeping costs low for customers |
| And finally, we remain confident we can continue to deliver long-term earnings and dividend growth within the upper half of our 5% to 7% objective range as we lead the clean energy transition and continue to keep bills low for our customers |
| We announced a robust, updated capital investment program and initiated 2024 guidance that provides strong, transparent, rate-based growth and customer value |
| As we look forward across the next five years and beyond, we see a future that is bright for our communities, our customers and our investors |
| You compare that to offshore wind on the East Coast at north of $100 and we think over time lower cost energy will accrue an economic benefits to our regions of the country |
| Key drivers include incremental revenue from the Colorado and New Mexico electric rate cases, deferral of certain O&M depreciation and interest expenses as part of the Texas electric rate case, strong O&M cost management, and better-than-expected sales growth |
| And through leveraging the benefits of the IRA and the IIJA, we are able to accelerate deployment of renewable resources in pairing them with affordable energy storage assets and other firm dispatchable clean fuel resources to provide reliability |
| Our customers are great beneficiaries of the Inflation Reduction Act keep the levelized cost of energy very, very affordable for our customers |
| As a result, we anticipate strong earnings in the fourth quarter that will result in achieving our earnings guidance |
| So, we're really favorable participants |
| So pretty excited, we think about – obviously, there's investment opportunity when we think about loan growth helping us keeping customer bills low and affordable and that's really important as we look to invest significantly into our system |
| The proposed Clean Heat Plus portfolio reduces greenhouse and gas emissions by 28% by 2030, ensures customer reliability and choice, while optimizing customer bill impact |
| Transferability lowers the cost of our renewable energy projects for our customers and reduces near-term funding needs |
| Maintaining solid credit ratings and favorable access to capital markets are critical to fund our clean energy transition deliver strong shareholder returns and keep customer bills low, especially with rising interest rates |
| So really a great story |
| We had solid results recording ongoing earnings of $1.23 per share for 2023 compared to $1.18 per share in 2022 |
| And given that the regions where we serve customers are the most resource rich in wind and solar, we believe that we can lead this clean energy transition for our customers more cost-effectively than almost any other company |
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| All the while our residential customer electric and natural gas builds are amongst the lowest in the country 28% and 14% below the national average |
| When we think about O&M, we're down for this year our guidance for this year is down 1% to 2% |
| And I was curious what's the latest that you're seeing in Renewables economics in terms of LCOE? In your service territories there's been market concerns about rising PPA prices inflationary pressures in the renewable supply chain |
| Fortunately, the Western Interstate hydrogen hub in Colorado, New Mexico, Wyoming and Utah was not successful in this round of DOE funding |
| Offsetting these positive drivers, higher interest charges which decreased earnings by $0.03 per share, driven by rising interest rates and increased debt levels to fund capital investment and higher depreciation and amortization expense which decreased earnings by $0.02 per share reflecting our capital investment program |
| Early this week a jury in Denver District Court found Xcel Energy liable and its dispute with core cooperative regarding prior years lost power damages at our Comanche power plant |
| O&M decreased $25 million for the third quarter, reflecting management actions to lower costs |
| As a result, we're narrowing our 2023 ongoing earnings guidance to $3.32 to $3.37 per share |
| We now expect our annual O&M expenses to decline by 1% to 2% |
| To put it in perspective we think there are about 1,100 structures that had some amount of physical damage and estimated by the by the state of Colorado at about $2 billion worth of damage |
| It's still warm here, still warm in Houston |
| As I think about just next year significant electrification happening in the oil and gas region in the Permian Basin the Delaware Basin |
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