They also emphasized how the company's focus on efficiency and financial discipline along with favorable weather and a solid economic recovery in the region resulted in record net income and earnings per share.
2021 company highlights: Named one of America's most responsible companies by
Developed the largest five-year capital plan in company history - including nearly 2,400 megawatts of new renewable capacity to serve customers of
Announced industry leading environmental goals with an operating plan to achieve them.
60 percent reduction in CO2 emissions from electric generation by the end of 2025.
80 percent reduction in CO2 emissions from electric generation by the end of 2030.
Net methane neutral in natural gas distribution operations by the end of 2030.
Announced a plan to exit from coal for power generation by the end of 2035, with minimal use by the end of 2030.
Strengthened the diversity of company leadership - 36 percent of senior vice president and above positions filled by women or minorities compared to 29 percent at year-end 2020.
Achieved
Returned
Increased dividends in
Stockholder actions
During the meeting, stockholders elected the following directors to terms expiring at the 2023 annual meeting:
As recommended by the board of directors, stockholders also voted to:
Approve the compensation of
The company's principal utilities are
Forward-looking statements
Certain statements contained in this press release are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward-looking statements include, among other things, statements concerning management's expectations and projections regarding capital plans, emission reduction goals and dividend payouts. In some cases, forward looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as 'anticipates,' 'believes,' 'estimates,' 'expects,' 'forecasts,' 'guidance,' 'intends,' 'may,' 'objectives,' 'plans,' 'possible,' 'potential,' 'projects,' 'should,' 'targets,' 'will' or similar terms or variations of these terms.
Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements include, but are not limited to: general economic conditions, including business and competitive conditions in the company's service territories; the timing, resolution and impact of rate cases and other regulatory decisions; the company's ability to continue to successfully integrate the operations of its subsidiaries; availability of generating facilities and/or distribution systems; unanticipated changes in fuel and purchased power costs; key personnel changes; varying, adverse or unusually severe weather conditions; continued industry restructuring and consolidation; continued advances in, and adoption of, new technologies that produce power or reduce power consumption; energy and environmental conservation efforts; the company's ability to successfully acquire and/or dispose of assets and to execute on its capital plan; cyber-security threats and data security breaches; construction risks; equity and bond market fluctuations; changes in the company's and its subsidiaries' ability to access the capital markets; changes in tax legislation or the company's ability to use certain tax benefits and carryforwards; federal, state and/or local legislative and regulatory changes, including changes to environmental standards and greenhouse gas regulations, the enforcement of these laws and the regulations and changes in the interpretation by regulatory agencies; supply chain disruptions; inflation; political and geopolitical developments; the impact from new developments relating to the COVID-19 pandemic or any future health pandemics; the impact on the global economy, supply chains and fuel prices from the ongoing conflict between
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