“We have executed on that throughout 2023 and have been confident that the 75% is going to 100% that we'll be able to sustain all of it into 2024.”

In context

“Okay. Great. And what about just on O&M, I know in slides where you kind of talked about 50% sustainable after '23. But just looking back to prior calls, I think we've kind of talked about 75%. So just maybe that's just different buckets and I'm mischaracterizing it, but could you help reconcile that view? And then how do you just think about '24? Lynn Good: Yes. And Nick, I really appreciate that question because we have two different $300 million that I think as I look at some of the commentary has been confusing to you all. So let me step through it for you. You may recall that we entered '23 with a cost initiative identified at driving out $300 million of cost, primarily in the corporate center. And we said to you at that time we thought 75% of that $300 million would be sustainable. We have executed on that throughout 2023 and have been confident that the 75% is going to 100% that we'll be able to sustain all of it into 2024. And then further, we have developed mitigation plans based on weak weather and volume in 2023, which is including not only O&M, but other levers, including tax ideas, those total $300 million as well. And we think 50% of those are sustainable into 2024. And we also highlighted on our drivers schedule that we will continue to look for cost savings ideas, part of the continuous improvement structure. That's what we're talking about on Slide 10. So, we believe we have various elements in place to continue to drive O&M lower. We think '24 will be lower than '23, and that's just part of our conviction to continue to drive productivity and efficiency in our operations. Operator: The next question is from the line of Durgesh Chopra with Evercore. Your line is now open. Durgesh Chopra: All my que”