Question-and-Answer Session
Operator
Thank you. (Operator Instructions) Your first question comes from Daniel Eggers - Credit Suisse.
Daniel Eggers - Credit Suisse
I was wondering if you could talk a little bit, with some of the headwinds economically in Florida with some of the slowing in the pipeline for wind and timing on solar and just kind of the inevitable need to contract at a lower rate given lower commodity prices in the generation fleet, how is that affecting kind of the long-term 10% EPS growth targets and is there a point where that needs to be revisited?
Armando Pimental
Okay, Dan, you mentioned a couple of things in there, but I'm going to interpret your question as really related to the last thing you mentioned, which was the 10% adjusted earnings increase year-over-year. We're not updating that 10% adjusted earnings per share increase year-over-year at this time.
Our plan is to provide you and the rest of the investment community with a longer-term view of our earnings at the investor conference in May. Based on the number of the items that you mentioned - the uncertainties in the Florida economic environment and some of the other challenges that we mentioned on the call and we've talked about before - we believe it's appropriate to be conservative in the disclosure of that long-term guidance at this point.
Having said that, we understand how important long-term guidance is to investors, and we're not at the point where we are just not going to provide that long-term guidance in the future. Depending on what happens in the first quarter with all of the things that you just mentioned, our plan is to provide new guidance at the investor conference as opposed to fourth quarter earnings or first quarter earnings.
Daniel Eggers - Credit Suisse
And I guess just from a wind development, solar development perspective, RFP activity sounds good in solar. What is the receptivity to people signing long-term PPAs both for wind and solar today? It seems like that's been a bottleneck for most of this year. Is that showing signs of changing at this point?
Armando Pimental
Actually, I want to choose my words carefully, but it's better than what it was last time I spoke about it on the wind side. Clearly, the number of folks that were interested in signing on longer-term PPAs, I'd say, was a smaller batch earlier this year than it is now. We've signed quite a number of long-term PPAs this year. Some of those PPAs actually contracted wind that we had constructed last year but at the end of the year we did not have long-term PPAs.
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