“We expect an order in the fourth quarter of 2022.”

In context

“. The Maryland Commission approved the proposed settlement order by the Chief Public Utility Law Judge that recommended a $12.5 million increase in annual electric distribution rates, reflecting an ROE of 9.6%. Third, on March 31, PECO filed a gas distribution rate case with the Pennsylvania Public Utility Commission. PECO is seeking a revenue increase of $82 million to support significant investments in critical infrastructure which will modernize and enhance the natural gas system and allow us to continue delivering safe and reliable natural gas service and reduce methane emissions. In addition, the filing proposes enhanced energy efficiency and customer safety programs, increase customer assistance with additional low-income funding and the continuation of small business grant program. We expect an order in the fourth quarter of 2022. Finally, ComEd filed its annual distribution formula rate update with the Illinois Commerce Commission on April 15, seeking a $199 million increase to electric distribution base rates that resulted in a $2.20 increase in the average monthly residential bill starting January 2023. While ComEd is requesting a delivery charge increase, there will be offsets. Specifically, when taking into account higher energy prices based on the recent procurement auction and forwards, offset by lower capacity prices, the carbon mitigation credits and accelerated tax benefit, we currently estimate a net reduction to the average monthly residential bill. ComEd's residential customer rates next January are expected to be at least 10% below the average of rates in the 10 largest U.S. metropolitan areas. In its”