Investor Presentation December 2021 slide image

Investor Presentation December 2021

Spire Missouri rate order - Impacts Capital structure - ā€• MOPSC abandoned long-standing precedent of excluding short-term debt through a balanced examination of short-term assets and liabilities during the test year, and Penalized Spire Missouri for its excess gas costs incurred during Winter Storm Uri Net pre-tax impact vs. actual capital structure and avg. market ROE is $22M for FY22 Overheads - - - - Spire has used long-standing allocation methods allowed by MoPSC and under GAAP Prudently incurred overheads, incl. operational and general expenses, being questioned Treatment going forward is less clear; we're seeking clarification as to MoPSC's intent Potential pre-tax impact for non-capitalized overheads is $14M-$22M for FY22 Spire | Investor presentation December 2021 - G
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