To meet these requirements, DEV forecasts investment of more than $28 billion over the next five years, including projects supporting zero-carbon offshore wind, solar, storage, nuclear license renewal and grid investments. Such significant investment requires that the company be able to compete effectively for public financing at rates that ensure the lowest reasonable cost for customers. The company's currently authorized return on equity of 9.2 percent is among the lowest for any vertically integrated electric utility in the United States, while the financing need is among the highest. Looking nationally at such determinations for vertically regulated electric utilities over the last four years, only 4 out of 102 comparable data points have been lower. The current market cost of equity is 10.5 percent to 11.5 percent. As a result, the company is seeking an authorized return on equity of 10.8 percent. Dominion Energy's application and direct testimony is posted online.