We believe creating value for customers goes hand-in-hand with growing value for our shareholders.
In 2016, we closed our merger with TECO Energy and became a North American energy leader with $29 billion in assets and $4.3 billion in revenue.
In 2016, we reported record adjusted net earnings of $475 million and we realized another step change in our cash flow from operations, which exceeded $1 billion.
We raised the dividends paid to shareholders by 20 per cent in 2016, and delivered a total shareholder return of 9.6 per cent. We’re committed to delivering:
Stable Earnings
We're exceeding our
75–85%
regulated earnings target
We've delivered adjusted earnings per share CAGR of
5.8%
over the last 10 years
Growing Dividends
8%
Annual Growth Rate target through 2020
Dividend Yield of
4.4%
Dividend per share CAGR of
8.8%
over the last 7 years
Growing Operating Cash Flows
Secure cash coverage on our dividend
13.0%
CAGR in operating cash flows over the last 10 years
Visible Growth Plan
> $6.5b
capital investment plan to drive growth
Strong project pipeline
