Capital PlanA robust capital plan update focused on incremental transmission spending opportunities is expected to strengthen the company's rate base growth extended through 2028.
Earnings GrowthThe current 12% P/E discount is viewed as an attractive entry point for a wires-only utility growing EPS at 5-7%.
Regulatory EnvironmentThe company's low-risk T&D business profile, strong and visible fundamental growth outlook, and supportive regulatory environment position the company well.