“But for discussing our gross margin update on Slide 13, I want to remind you that we expect to provide 2022 hedge disclosures at Analyst Day, which will be held closer to the completion of the separation.”

In context

“mbination of new and prior-year investments, our utilities helped customers save over 22.3 million megawatt hours of energy. This equates to eight point million -- 8.1 million metric tons of CO2 emissions avoided. The equivalent of nearly 932,000 homes energy use for 1 year, or the carbon sequestered by 10.5 million acres of U.S. forest in 1 year, according to EPA's Greenhouse Gas calculator. Each of Exelon's Utilities is building upon existing work and supporting a path to clean that aligns to the goals and needs of their local jurisdictions and stakeholders. Our approach allowed jurisdictional flexibility such that each utility may respond to their unique regions and markets, and employ the strategies and solutions that best address their operational footprint and customer preferences. But for discussing our gross margin update on Slide 13, I want to remind you that we expect to provide 2022 hedge disclosures at Analyst Day, which will be held closer to the completion of the separation. However, what I can say now is that we have continued to hedge on our rateables plan for future years. And this includes the length from the Byron and Dresden retirement reversals until the carbon mitigation contracts begin and Exelon's full ownership of the CENG assets. Turning to the table, total gross margin increased $500 million since last quarter due to the plant retirement reversals in Illinois and full ownership of the CENG assets beginning on August 7th. In 2021, open gross margin is up $1.6 billion relative to the second quarter, primarily due to higher prices in all regions and higher volumes driven by execution of the EDF PUCT, and the decision to reverse Byron and Dresden 's early retirements. Capacity and ZEC dollars are up $100 million due to full ownership of the CENG ass”