Asset Sale And Capital DeploymentThe company is selling off assets with higher earnings potential and reallocating funds into businesses with lower returns on equity, which could negatively impact future profitability.
Equity IssuanceThe company will be issuing approximately $250 million of equity per year to support the capital plan, potentially diluting the value for current shareholders.
Tax ProvisionThe company is expected to incur additional cash taxes due to the Alternative Minimum Tax provision, which could reduce available cash flow by around $150 million annually.