“the treasury group and team are already working on how we might execute in 2024 as well. So we do believe the market is developing.”

In context

“clean, as we move through these IRPs, so just a really strong growth story for Duke. Shar Pourreza: Got it. Okay. So more to come. And then just, Lynn, on the nuclear PTC, it's a material driver of that FFO. I guess -- what are you seeing in sort of that transferability market from a demand perspective, what discounts are you seeing? And then like we're getting questions on this all morning is like how do you price in the risk of an IRA repeal and in the worst-case scenario, can you make up that lost FFO? Lynn Good: Yeah. So, a couple of things. On the transferability market, Shar, we have begun to test that market. We had a pilot transferability transaction in 2023. The discount on the transferability was right within our planning range. So very strong response to that initial test, and the treasury group and team are already working on how we might execute in 2024 as well. So we do believe the market is developing. And I think around the industry, you've seen similar transactions executed in an effective way. On a potential repeal, what I would say to you is we continue to be very engaged with policymakers at the federal and state level around the need for infrastructure as we continue to pursue growth, on-shoring of US manufacturing, leadership in artificial intelligence, battery manufacturing, EVs, et cetera. And we believe, there's a lot of support to continue to build that infrastructure, and to build it at a price that's affordable. And the point I would emphasize for us on tax credits around infrastructure, it goes directly to customers. It reduces price over time to customers dollar for dollar. So I believe both of those messages continue to resonate with policymakers and we'll continue to ma”