Earnings GrowthYear over year earnings growth was primarily attributable to rate relief in Montana and South Dakota, higher electric transmission revenues, and an income tax benefit.
Financial PerformanceThe company reaffirmed long-term EPS guidance of 4%-6% off a 2022 base and 4%-6% rate base growth, as the current capital plan does not require equity issuance.
Growth OpportunitiesPotential upside from owned generation opportunities from the upcoming 2025/2026 IRP/RFP processes, potential commercial and industrial customer growth, and FERC transmission opportunities.