“ComEd -- as Chris outlined, ComEd filed its last rate case under the formula rate this year. And they are preparing a meeting with stakeholders, including the Illinois Commerce Commission, for their first filing of whether it's a traditional future test year or whether they go into a 4-year multiplan -- year plan as outlined by the new energy law. The meetings with the stakeholders is critical in that as ComEd lays out its options. And as Chris outlined, they will be making that filing the first part, January - -first quarter of 2023, with an expected ruling from the commission by the end of the year.”

In context

“weren't up enough to offset that equity infusion and it just takes some time to reverse that effectively. Operator: Our next question coming from the line of Jeremy Tonet from JPMorgan. Jeremy Tonet: Just want to go over to Illinois here real quick. I wonder if you could update us a bit on how the Illinois rate making process is progressing in the transition to its new multiyear framework. Any color you could share there would be helpful. Chris Crane: Joe, are you going to cover that? Joe Nigro: Please repeat the question for me. I'm sorry, I didn't hear it. Jeremy Tonet: Just as far as Illinois ratemaking process progressing in the transition to its new multiyear framework, any color you could share there on the progress. Calvin Butler: Jeremy. Chris, this is Calvin. I'll take that one. ComEd -- as Chris outlined, ComEd filed its last rate case under the formula rate this year. And they are preparing a meeting with stakeholders, including the Illinois Commerce Commission, for their first filing of whether it's a traditional future test year or whether they go into a 4-year multiplan -- year plan as outlined by the new energy law. The meetings with the stakeholders is critical in that as ComEd lays out its options. And as Chris outlined, they will be making that filing the first part, January - -first quarter of 2023, with an expected ruling from the commission by the end of the year. So that, to your direct question, the transition is going smoothly. All the meetings are being done and met and the team is lining up on what is the appropriate course moving forward. Jeremy Tonet: Got it. That's very helpful. And just with the new look Exelon here, just wondering how do corporate cost efforts currently stand since the separation? Are they tracking your expectations at this point? And do you have any sense for upside opportunities and potential magnitude of cost savings over time now post separation here? Chris Crane: Yes. I wouldn't commit to upside yet. We've got to get through this transition. There's a lot of work being done by the business services company to execute on plan, the wrong plan right now and we feel comfortable. We watch the IT transition quite closely.”