May 04, 2018 • 10:00 am ET



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Laurence Downes

since 2006, by helping them reduce their energy usage. Our team works every day to meet the needs of our growing customer base to improve the environment and to create more affordable clean energy choices for our customers.

Now to achieve our long term NFE growth rate of 6% to 8%, we continue to maintain a disciplined capital allocation strategy that focuses on an appropriate risk adjusted return on capital to support our growth. We'll also maintain a strong and efficient financial profile that will provide access to external capital as we need it. Tax reform combined with our expectations of financial performance this year, give us the ability to maintain a strong balance sheet without issuing significant amounts of new external equity, and our infrastructure investments will support customer needs for safe, reliable, resilient and affordable service. The projects that we are pursuing will support our long term growth strategy and will help us meet our customers energy needs for decades to come.

So now before we go to questions, as always, I want to say thank you to more than our -- our more than 1,000 employees for the work that they are doing. The results that we are presenting to you today, really show the work that our dedicated women and men do every day. They are truly the foundation of our company and the driving force behind our performance. I'm also pleased to tell you, that our team won another JD Power Award for the outstanding service that we are providing to our business customers. That makes it 12 awards since 2002, and clearly as you can see, I'm very proud of what they do.

So with that, I want to say thank you for joining us here today, and we would welcome your questions and comments.