“As a reminder, we expect nearly 100% of our rate base growth will be covered by alternative recovery mechanisms by the end of our planning period.”

In context

“ial 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 formula -- in its final formulary filing, ComEd's request supports investments needed to sustain the record level reliability performance for residential and commercial customers and helps advance the goals of the Climate and Equitable Jobs Act passed in Illinois to address climate change, create clean energy jobs, ensure equity and prioritize a just transition to a green economy. We expect to receive an order by early December. We continue to have constructive regulatory relationships across our jurisdictions and are working with our regulators, our states and our communities to support their clean energy and climate goals. As a reminder, we expect nearly 100% of our rate base growth will be covered by alternative recovery mechanisms by the end of our planning period. More details on these rate cases can be found on Slides 17 through 20 of the appendix. Slide 9 provides an update on how Exelon's utilities are working with key stakeholders to help our customers and jurisdictions achieve their decarbonization goals reliably, affordably and equitably. Electric vehicle adoption is unquestionably a key enabler for reducing emissions as the transportation sector currently represents about 1/3 of total U.S. greenhouse gas emissions. Our jurisdictions alone are targeting 4.2 million electric vehicles on the road over the next 25 years, a twentyfold increase relative to the number of EVs in our service territories as of the end of 2021. Given our competitive rates, Electric vehicles also provide our customers the ability to save money. Using the Department of E”