Duke Energy Corporation (holding Company) · NYSE:DUK

Duke Energy Corporation (holding Company) — 2017 EEI Financial Conference

64 slides from Duke Energy Corporation (holding Company)'s conference presentation, Nov 3, 2017

  1. Slide 1: Fall 2017 Investor Meetings

    Fall 2017 Investor Meetings

  2. Slide 2: Safe Harbor statement

    Safe Harbor statement This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and i

  3. Slide 3: Notes

    Notes FALL 2017 INVESTOR MEETINGS 3

  4. Slide 4: Our investor proposition

    Our investor proposition A SOLID LONG-TERM HOLDING 4.0% ~8-10% 4 -6% DIVIDEND YIELD(1) zzz ATTRACTIVE HIGHLY WITH DIVIDEND RISK-ADJUSTED ACHIEVABLE GROWTH TOTAL SHAREHOLDER EPS GROWTH COMMITMENT(2) RETURN(3) THROUGH 2021(4) SUPPORTED BY THE STRENGTH OF OUR BALANCE SHEET (1) As of Oct. 31, 2017 (2) 4

  5. Slide 5: Duke Energy – A large scale, highly regulated energy infrastructure company

    Duke Energy – A large scale, highly regulated energy infrastructure company HEADQUARTERED IN ELECTRIC UTILITIES CHARLOTTE, NC & INFRASTRUCTURE  Operating in six constructive jurisdictions, with attractive allowed ROEs, serving 7.5 million retail customers  Below average customer rates(1)  Balance

  6. Slide 6: Advancing our strategic vision

    Advancing our strategic vision TRANSFORM THE CUSTOMER EXPERIENCE MODERNIZE THE GENERATE EXPAND NATURAL GAS ENERGY GRID CLEANER ENERGY INFRASTRUCTURE ENGAGE STAKEHOLDERS FALL 2017 INVESTOR MEETINGS 6

  7. Slide 7: Complementary businesses with strong growth opportunities

    Complementary businesses with strong growth opportunities ELECTRIC UTILITIES 2017 ADJUSTED 2017-2021 2017 – 2021 & INFRASTRUCTURE EPS CONTRIBUTION(1) GROWTH CAPITAL ADJUSTED EPS CAGR(1) Consolidated 4-6% 89% $30 B 8-12% 10-12% GAS UTILITIES & INFRASTRUCTURE 8% $6 B 4-5% COMMERCIAL RENEWABLES 3% $1 B

  8. Slide 8: Constructive settlement approved in Duke Energy Florida

    Constructive settlement approved in Duke Energy Florida MAJOR PROVISIONS OF THE SETTLEMENT Base Rate Adjustments  Base rate increases of $67 million per year 2019-2021, primarily to recover $1 billion investments in grid modernization ENGAGE  Solar Generation Base Rate Adjustment: DEF has opportun

  9. Slide 9: Regulatory modernization remains a top priority

    Regulatory modernization remains a top priority H.B. 589 – COMPETITIVE ENERGY SOLUTIONS FOR NC  Pursued in parallel to Avoided Cost docket at N.C. Utilities Commission  Reforms the Public Utility Regulatory Policy Act (PURPA) process in North Carolina, ENGAGE setting a clear path for more reliable

  10. Slide 10: Proceeding with key rate activity in North Carolina

    Proceeding with key rate activity in North Carolina Duke Energy Duke Energy Progress Carolinas Retail revenue increase requested $477 M (+14.9%) $647 M (+13.6%) Return on equity requested 10.75% ENGAGE Equity component of capital structure 53% STAKEHOLDERS Proposed rate base(1) ~$8.1 B ~$13.8 B Rate

  11. Slide 11: Making progress on our strategic investments

    Making progress on our strategic investments STATUS UPDATE  Announced $3 billion, 10-year Power/Forward Carolinas initiative in South Carolina  New battery storage projects announced in North MODERNIZE THE Carolina and Indiana ENERGY GRID  W.S. Lee CCGT, Citrus County CCGT and Western Carolinas M

  12. Slide 12: Dividend growth and payout

    91 years of consecutive quarterly cash dividends paid 70 - 75% DUK ANNUALIZED EXPECTED PAYOUT RATIO DIVIDEND PER SHARE(2) THROUGH 2021(1) 4 - 6% ANNUAL DIVIDEND GROWTH ~75% $3.18 $3.30 $3.42 $3.56 OF TSR ACHIEVED 2014 2015 2016 2017E THROUGH DIVIDEND REINVESTMENT OVER LAST 20 YEARS (1) Based on adju

  13. Slide 13: The leading energy infrastructure company

    The leading energy infrastructure company Large-scale U.S. electric and Constructive regulatory gas utility creating a cleaner jurisdictions in desirable energy future communities INVESTING IN INFRASTRUCTURE OUR CUSTOMERS VALUE. DELIVERING SUSTAINABLE GROWTH. Proven track record of Solid long-term i

  14. Slide 14: Appendix materials

    Appendix materials Item Slide(s) Supplemental Information 15-26 2017 Guidance Support 27-39 Financing Assumptions 40-47 Regulatory Overview 48-52 Electric Utilities & Infrastructure Supplement 53-56 Gas Utilities & Infrastructure Supplement 57-59 Commercial Renewables Supplement 60-62 Investor Relat

  15. Slide 15: Supplemental Information

    Supplemental Information FALL 2017 INVESTOR MEETINGS 15

  16. Slide 16: Consolidated financial plan underpinned by significant growth capital

    Consolidated financial plan underpinned by significant growth capital 2017 - 2021 2017 – 2021 BALANCED GROWTH ADJUSTED EPS CAGR(1) CAPITAL PLAN(2) Consolidated Electric 4-6% 4 - 6% Distribution 36% 8-12% Commercial Renewables, 3% GROWTH IN EPS(1) Electric 10-12% $37 B LDC Infrastructure, 4% THROUGH

  17. Slide 17: Robust growth capital plan driving electric earnings base growth

    Robust growth capital plan driving electric earnings base growth 2017 - 2021 2017 - 2021 ELECTRIC UTILITIES & REGULATED ELECTRIC INFRASTRUCTURE EARNINGS BASE(2) GENERATE GROWTH CAPITAL PLAN(1) CLEANER ENERGY Electric $74 Generation $71 28% $67 $64 Electric Distribution $30 B $60 45% $57 MODERNIZE TH

  18. Slide 18: Continuing to invest in the grid, with an emerging focus on the Carolinas

    Continuing to invest in the grid, with an emerging focus on the Carolinas 2017 - 2021 SPEND BY CATEGORY(1) AMI DEPLOYMENT TODAY DE OHIO 100% DE CAROLINAS 30% DE KENTUCKY 27% DE INDIANA 4% DE FLORIDA 4% MODERNIZE THE DE PROGRESS 4% ENERGY GRID Smarter $10 B Targeted Advanced Metering 13% Grid OF GRID

  19. Slide 19: Investing in cleaner energy for a low-carbon future

    Investing in cleaner energy for a low-carbon future SOLAR / HYDRO / CHP $100 M (various) LEE CC GENERATE $600 M (2017) CLEANER ENERGY WESTERN CAROLINAS MODERNIZATION $3.3 B $1.1 B (2019) TO BE INVESTED IN SOLAR / HYDRO / CHP REGULATED $400 M (various) NATURAL GAS-FIRED GENERATION OVER 5 YEARS(1) OSP

  20. Slide 20: Scale and expertise from a decade of commercial renewables growth

    Scale and expertise from a decade of commercial renewables growth BUILDING SCALE SINCE ENTERING COMMERCIAL RENEWABLES SPACE IN 2007…  Invested more than $5 billion over the past 10 years Wind MW 2,893  Long-term power purchase Solar MW 2,350 GENERATE agreements with creditworthy CLEANER ENERGY 1,5

  21. Slide 21: Our generation investments result in significantly reduced emissions

    Our generation investments result in significantly reduced emissions FUEL DIVERSITY (MWh OUTPUT) GENERATE 28% CLEANER ENERGY 34% 61% $11 B INVESTMENTS IN 28% 35% CLEANER GENERATION OVER 10 YEARS(1) 5% 35% 32% 34% 28% CO2 REDUCTION BY 2026(4) 2% 4% 9% FROM 2005 LEVELS 2005(2) 2016(2) 2026(3) Coal / O

  22. Slide 22: Managing regulatory lag to earn our allowed ROEs

    Managing regulatory lag to earn our allowed ROEs CUSTOMER GROWTH ADJUSTED AND VOLUME TRENDS(1) BOOK ROEs(1,2) 1.3% 10.6% 1.2% 1.2% 10.0% 1.0% Carolinas EARNING 10.4% 10.0–10.5% ALLOWED ROEs 0.6% 0.6% 0.5% 11.2% WITH NO SIGNIFICANT 11.8% 0.2% Florida 11.4% RATE CASES SINCE 2013 11.0–11.5% 2014 2015 2

  23. Slide 23: Recovery of electric investments through frequent rate activity

    Recovery of electric investments through frequent rate activity JURISDICTION 2017 2018 2019 2020 2021 KEY DRIVERS  2017: Lee CCGT, solar, coal ash, nuclear DEC – NC Filed 8/25/17 Planning for multiple rate cases  2018-2021: Grid modernization  2018-2021: Grid modernization, coal ash DEC – SC Plan

  24. Slide 24: Robust growth capital plan driving gas earnings base growth

    Robust growth capital plan driving gas earnings base growth 2017 - 2021 2017 - 2021 GROWTH CAPITAL PLAN(1) REGULATED GAS EARNINGS BASE(2) EXPAND NATURAL GAS INFRASTRUCTURE LDC $8.7 $8.8 $8.2 $6 B Infrastructure 23% $7.3 GROWTH CAPITAL PLAN Gas $6.0 Electric $5.2 FOR GAS UTILITIES AND Midstream $6 B

  25. Slide 25: Expanding natural gas infrastructure with LDCs and midstream growth

    Expanding natural gas infrastructure with LDCs and midstream growth LOW VOLUMETRIC ATLANTIC COAST PIPELINE EXPOSURE DUE TO MOSTLY TO BRING SIGNIFICANT GAS FIXED MARGINS… SUPPLY TO UNDERSERVED 8% EASTERN CAROLINAS 14%  Additional power generation potential  LDC expansion for Piedmont Natural EXPAND

  26. Slide 26: Enabling clean energy through midstream pipeline investments

    Enabling clean energy through midstream pipeline investments Constitution Pipeline  24% joint owner with projected investment of up to $225 million(1)  Permitting still pending; projected in service as early as the 1H of 2019 EXPAND NATURAL GAS INFRASTRUCTURE Atlantic Coast Pipeline  47% joint ow

  27. Slide 27: 2017 guidance support

    2017 guidance support FALL 2017 INVESTOR MEETINGS 27

  28. Slide 28: Duke Energy business segment structure

    Duke Energy business segment structure Duke Energy Electric Utilities Gas Utilities Commercial Other & Infrastructure & Infrastructure Renewables North and South Duke Energy Carolinas Piedmont Natural Gas Carolina North and South Commercial Duke Energy Progress Carolina Pipelines (1) Duke Energy Flo

  29. Slide 29: Key 2017 earnings sensitivities

    Key 2017 earnings sensitivities(1) Driver EPS Impact 1% change in earned return on equity +/- $0.40 Electric Utilities & $1 billion change in rate base +/- $0.08 Infrastructure 1% change in Electric Utilities volumes +/- $0.10 1% change in earned return on equity +/- $0.04 Gas Utilities & $200 milli

  30. Slide 30: YTD 2016 – YTD 2017 adjusted diluted EPS waterfall

    YTD 2016 – YTD 2017 adjusted diluted EPS waterfall Previously YTD 2017 Electric Utilities Gas Utilities Commercial Change in Other(1) Disposed Weather Impact & Infrastructure & Infrastructure Renewables Share Count Business Flat $0.05 ($0.05) $0.16 ▲ Tax $3.92 planning ▼ Due$3.92 to the 4Q $3.88 ($0

  31. Slide 31: Key 2017 adjusted earnings guidance assumptions

    Key 2017 adjusted earnings guidance assumptions ($ in millions) Original 2017 2017 YTD assumptions (1) (thru 9/30/2017) Adjusted segment income/(expense) (2): Electric Utilities & Infrastructure $3,109 $2,468 Gas Utilities & Infrastructure $282 $179 Commercial Renewables $99 $58 Other (3) ($268) ($1

  32. Slide 32: Electric utilities quarterly weather impacts

    Electric utilities quarterly weather impacts Weather segment 2017 2016 income to normal: Pretax impact Weighted avg. EPS impact – Pretax impact Weighted avg. EPS impact – diluted shares favorable / shares favorable / (unfavorable) (unfavorable) First Quarter ($175) 700 ($0.15) ($10) 689 ($0.01) Seco

  33. Slide 33: Weather normalized volume trends, by electric jurisdiction

    Weather normalized volume trends, by electric jurisdiction Rolling Twelve Months, as of Sept. 30, 2017 Duke Energy Duke Energy Duke Energy Duke Energy Duke Energy Electric Carolinas Progress Florida Indiana Ohio/Kentucky Utilities 2.1% 1.3% 1.0% 0.5% 0.5% 0.5% 0.3% 0.3% 0.0% 0.0% 0.1% 0.1% 0.1% 0.2%

  34. Slide 34: Regulated utilities end of year earnings base

    Regulated utilities end of year earnings base(1) Electric Utilities Earnings Base ($ in billions) 2016A 2017E 2018E 2019E 2020E 2021E Duke Energy Carolinas $20.8 $21.8 $23.0 $24.2 $25.6 $27.1 Duke Energy Progress 14.5 15.3 16.7 17.9 19.0 19.9 Duke Energy Florida 11.4 12.4 12.9 13.6 14.3 15.4 Duke In

  35. Slide 35: Capital expenditures profile

    Capital expenditures profile(1) ($ in millions) Electric Utilities & Infrastructure 2016A 2017E 2018E 2019E 2020E 2021E 2017 - 2021 (2) Electric Generation $ 1,766 $ 1,725 $ 1,550 $ 1,700 $ 1,600 $ 1,750 $ 8,325 Electric T ransmission 641 725 725 700 750 675 3,575 Electric Distribution 1,106 1,750 2

  36. Slide 36: Capital expenditures by utility

    Capital expenditures by utility(1) ($ in millions) Duke Energy Carolinas 2016A 2017E 2018E 2019E 2020E 2021E 2017 - 2021 Electric Generation $663 $500 $450 $675 $675 $825 $3,125 Electric T ransmission 214 75 75 75 50 50 $325 Electric Distribution 392 700 1,250 1,225 1,150 1,225 $5,550 Environmental(

  37. Slide 37: Capital expenditures by utility (continued)

    Capital expenditures by utility (continued)(1) ($ in millions) Duke Energy Florida 2016A 2017E 2018E 2019E 2020E 2021E 2017 - 2021 Electric Generation $660 $550 $250 $300 $250 $475 $1,825 Electric T ransmission 183 250 225 275 300 200 $1,250 Electric Distribution 166 250 275 400 450 475 $1,850 Envir

  38. Slide 38: Capital expenditures by utility (continued)

    Capital expenditures by utility (continued)(1) ($ in millions) Duke Energy OH/KY Electric 2016A 2017E 2018E 2019E 2020E 2021E 2017 - 2021 Electric Generation $0 $25 $25 $25 $0 $0 $75 Electric T ransmission 75 125 150 100 125 100 600 Electric Distribution 168 225 225 250 250 250 1,200 (2) Environment

  39. Slide 39: Environmental compliance expenditures by category

    Environmental compliance expenditures by category(1) ($ in millions) Total Project Spend 2017 – 2021 Coal Ash Closure Costs Category 2017 – 2021 Costs To Date(3) Plan Air (MATS) $110 Duke Energy Carolinas $2,620 $460 $1,140 Water (316b) $320 Duke Energy Progress $2,550 $310 $1,420 Waste (conversions

  40. Slide 40: Financing assumptions

    Financing assumptions FALL 2017 INVESTOR MEETINGS 40

  41. Slide 41: Simplified financing structure

    Simplified financing structure Duke Energy (HoldCo) Cinergy Corp. Progress Energy (HoldCo) (HoldCo) (1) Duke Energy Duke Energy Duke Energy Duke Energy Duke Energy Piedmont Natural Carolinas Ohio Indiana Progress Florida Gas Commercial Paper and LT Financings Duke Energy Duke Energy Renewables Money

  42. Slide 42: Credit ratings (as of Sept. 30, 2017)

    Credit ratings (as of Sept. 30, 2017) Holding Companies Operating Companies Fitch Moody's S&P Moody's S&P DUKE ENERGY Negative Stable Stable DUKE ENERGY CAROLINAS Stable Stable Senior Unsecured Debt BBB+ Baa1 BBB+ Senior Secured Debt Aa2 A Senior Unsecured Debt A1 A- Commercial Paper F-2 P-2 A-2 DUK

  43. Slide 43: Credit metrics

    Credit metrics(1) Committed to maintaining quality, investment-grade ratings (2) FFO/Debt 31% 31% 29% 27% 26% 26% 25% 24% 21% 22% 21% 21% 21% 22% 21% 20% 20% 18% 17% 14% 14% 2015A 2016A 2017E 2015A 2016A 2017E 2015A 2016A 2017E 2015A 2016A 2017E 2015A 2016A 2017E 2015A 2016A 2017E 2015A 2016A 2017E

  44. Slide 44: 2017 Financing plan: maintaining the strength of our balance sheet

    2017 Financing plan: maintaining the strength of our balance sheet FORECASTED 2017 KEY MESSAGES SUMMARY CASH FLOWS (1)  Committed to maintaining strong credit quality, Adjusted net income (based on midpoint of 2017 guidance range) $ 3,225 including investment-grade ratings Depreciation & amortizati

  45. Slide 45: 2017 financing plan (as of September 30, 2017)

    2017 financing plan (as of September 30, 2017) ($ in millions) $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $- Holding Duke Duke Duke Duke Duke Duke Piedmont Renewables Company Energy Energy Energy Energy Energy Energy Carolinas Progress Florida Indiana Ohio Kentucky 2017 Maturities and Debt Reduc

  46. Slide 46: Access to capital – 2017 long-term debt financing activity

    Access to capital – 2017 long-term debt financing activity Credit Ratings Amount Entity Date Issued (M/S&P, unless Term Type Rate ($ in millions) otherwise noted) $650 DE Florida January 2017 A1/A 10 Year First Mortgage Bond Fixed – 3.200% $250 DE Florida January 2017 A1/A 3 Year First Mortgage Bond

  47. Slide 47: Liquidity summary (as of September 30, 2017)

    Liquidity summary (as of September 30, 2017) ($ in millions) Duke Duke Duke Duke Duke Duke Piedmont Duke Energy Energy Energy Energy Energy Energy Natural Energy Carolinas Progress Florida Indiana Ohio Kentucky Gas Total Master Credit Facility (1) $ 2,850 $ 1,350 $ 1,250 $ 1,000 $ 600 $ 300 $ 150 $

  48. Slide 48: Regulatory overview

    Regulatory overview FALL 2017 INVESTOR MEETINGS 48

  49. Slide 49: Rate case activity and timeline

    Rate case activity and timeline Evidentiary Pre-Filing Filed Rate Intervenor Duke Rebuttal Hearings Notes Notice Case Testimony Testimony Begin • Docket: E-2 Sub 1142 DEP • Base rate case May 2, 2017 June 1, 2017 Oct. 20, 2017 Nov. 6, 2017 Nov. 20, 2017 • Rates effective Feb. 1, 2018, NC if approved

  50. Slide 50: Current electric rate information by jurisdiction

    Current electric rate information by jurisdiction North South Ohio Kentucky Florida Indiana Carolina Carolina (Electric) (Electric) $15.7 B (1) (DEC) Retail Rate Base $10.0 B (2) $7.1 B (3) $1.1 B $600 M (4) $8.0 B (1) (DEP) $1.5 B (DEC) 3Q 2016 $0.4 M Wholesale Rate Base $1.1 B (2) $600 M $0 $2.9 B

  51. Slide 51: Current electric rate information by jurisdiction (continued)

    Current electric rate information by jurisdiction (continued) General Rate Case Provisions North South Ohio Kentucky Florida Indiana Carolina Carolina (Electric) (Electric) Notice of Intent Required? Yes Yes Yes Yes(1) Yes Yes Notice Period 30 Days 30 Days 60 Days Varies 30 Days 28 Days Historical A

  52. Slide 52: Current gas rate information by jurisdiction

    Current gas rate information by jurisdiction North South Ohio Kentucky Tennessee Carolina Carolina (Gas) (Gas) Rate Base ($M) $1,822 $224 $349 $900(1) $200(2) Allowed ROE 10.0% 10.2% 10.2% 9.84% 10.38% Allowed Equity 50.7% 53.0% 52.7% 53.3% 50.8% Effective Date of 1/1/14 11/1/16(3) 3/1/12 12/1/13 1/

  53. Slide 53: Electric Utilities and Infrastructure Supplement

    Electric Utilities and Infrastructure Supplement FALL 2017 INVESTOR MEETINGS 53

  54. Slide 54: A portfolio of attractive utilities in constructive jurisdictions

    Electric utilities and infrastructure A portfolio of attractive utilities in constructive jurisdictions COMPETITIVE REGULATED ELECTRIC EIGHT UTILITIES IN CUSTOMER RATES 2016 EARNINGS BASE HIGH-QUALITY Avg. ¢/kWh Retail Rates DEO - Electric DEK - Electric REGIONS OF THE U.S. (12 mos. ending 6/30/16)(

  55. Slide 55: Hurricane Irma – Duke Energy Florida response at a glance

    Hurricane Irma – Duke Energy Florida response at a glance DUKE ENERGY 1,841 141 ~1.3 million FLORIDA Distribution poles Transmission Customers replaced poles replaced affected 178 >75% PROUD OF OUR Miles of wire Restored in 3 days EMPLOYEE RESPONSE replaced >99% TO ONE OF THE MOST 1,106 Restored in

  56. Slide 56: Our grid modernization core categories

    Our grid modernization core categories TARGETED UNDERGROUNDING Move hard-to-access services underground to improve reliability SELF-OPTIMIZATION TRANSMISSION Add connectivity, capacity and IMPROVEMENTS control so the grid can self- Substation and transmission identify problems and react line upgrade

  57. Slide 57: Gas Utilities and Infrastructure Supplement

    Gas Utilities and Infrastructure Supplement FALL 2017 INVESTOR MEETINGS 57

  58. Slide 58: Constructive LDC regulatory environment

    Constructive LDC regulatory environment North Carolina Regulatory North Carolina IMR Highlights  On September 4, 2015, Piedmont reached an IMR settlement with the NC Public Staff  Allows revenue decoupling mechanisms  Settlement seeks to create regulatory certainty, balance  Integrity Management

  59. Slide 59: Constructive LDC regulatory environment (continued)

    Constructive LDC regulatory environment (continued) South Carolina Regulatory Highlights Margin Stabilizing Mechanisms  Gas utilities are permitted to adjust rates annually under the Rate Stabilization Act (RSA) if earned ROE is outside a band of 1. Purchased Gas Adjustment All States ±50 basis poi

  60. Slide 60: Commercial Renewables Supplement

    Commercial Renewables Supplement FALL 2017 INVESTOR MEETINGS 60

  61. Slide 61: Duke Energy commercial renewables asset locations

    Duke Energy commercial renewables asset locations(1) (1) A full list of generation facilities can be found at https://www.duke-energy.com//_/media/pdfs/our-company/renewables-n-america-facilities.pdf FALL 2017 INVESTOR MEETINGS 61

  62. Slide 62: Duke Energy's accounting for renewable tax credits

    Duke Energy’s accounting for renewable tax credits INVESTMENT TAX CREDITS HIGH LEVEL ITC EXAMPLE  Current ITC available is 30 percent for wind and Project Cost $500 million solar projects 30% ITC Cash Benefit $150 million  The solar ITC will step down from 30% to 10%* Life of Asset 20 Years  ITCs

  63. Slide 63: Investor Relations Contact Information

    Investor Relations Contact Information Mike Callahan, Vice President Investor Relations  Michael.Callahan@duke-energy.com  (704) 382-0459 Mike Switzer, Director Investor Relations  Mike.Switzer@duke-energy.com  (704) 382-6473 For additional information on Duke Energy, please visit: www.duke-ener

  64. Slide 64: Safe Harbor statement

    Safe Harbor statement Safe Harbor statement This document includes 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. Forward-looking statements are based on management’s beliefs and assumptions and can o

Duke Energy — 2017 EEI Financial Conference on 6ix