Investor Presentaiton
Projected Cash Flows
($ in Millions)
FY2022A
FY2023E
FY2024E
Cash Flow from Operations
$324
$320
-
$360 $450
-
$490
Uses of Funds
Capital Expenditures¹
$590
$466 - $600 $489
-
$671
Dividends²
$128
-
$132 $137 $143
-
$148
Total Uses of Funds
$718
$598 - $737 $632
-
$819
Financing Activities
Common Stock Proceeds - DRIP
$15
$34
$36
$17
-
$19
Debt Proceeds/Other
$379
$244
-
$341 $165
-
$310
Total Financing Activities
$394
$278
-
$377 $182
-
$329
N
New Jersey 1)
Resources 2)
Excludes accrual for AFUDC and SAVEGREEN investments (for GAAP purposes, SAVEGREEN investments are included in Cash Flow from Operations)
Dividend growth for fiscal 2023 and fiscal 2024 are based upon the midpoint of forecasted 7-9% growth rate
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