Diana Niles

Diana Niles asked to what extent the high end of the 5-7% EPS growth range reflects incremental capital, and if that incremental capital specifically factors into the confidence to hit the high end of the range starting in 2028.

Answer

Brian Savoy, EVP and CFO, clarified that the confidence in achieving the top half of the growth range beginning in 2028 is contemplated within the entire $95 billion-$105 billion capital range, and is not solely dependent on being at the high end of that capital range.

Diana Niles, on behalf of Jeremy Tonet, asked to what extent the high end of Duke Energy's 5%-7% EPS growth range reflects incremental capital and if this incremental capital contributes to the confidence in achieving the top half of the range starting in 2028.

Answer

Brian Savoy, Executive Vice President and CFO, clarified that the confidence in achieving the top half of the growth range beginning in 2028 is consistent with any point within the $95 billion-$105 billion capital range provided, indicating it is not solely dependent on being at the higher end of that capital plan.

Diana Niles asked about the potential need for future revisions to Ameren's generation plans, given the expansion to three gigawatts of signed data center construction agreements.

Answer

Chairman, President, and CEO Marty Lyons and Senior EVP and CFO Michael Moehn expressed confidence in sales projections, noting current generation plans can serve up to two gigawatts by 2032, with future Integrated Resource Plan filings in 2026 providing further updates.

Diana Niles asked about the implications of Ameren's expanded 3 gigawatts of signed data center construction agreements on future generation plans and the potential need for revisions.

Answer

Marty Lyons, Chairman, President, and CEO, expressed confidence in sales projections, noting current generation plans can serve up to 2 gigawatts by 2032. Michael Moehn, Senior Executive Vice President and Chief Financial Officer, added that the Integrated Resource Plan (IRP) would be revisited in the fall of 2026.