CLAIM #23145 · EXC (EXC) · 2022Q2 earnings call · Aug 3, 2022 · due Mar 1, 2023
“The 15% passage as you mentioned, we wouldn't expect to update our financing plans by EI, our normal cadence is that we would do that on the Q4 call after the first of the year.”
Joe Nigro · CFO
In context
“ectations are that they're going to try to vote on the bill, but the end things remain fluid. Chris Crane: Did I misspeak on the technical fix? A – Unidentified Company Representative : I think as we look at the bill, we continue to talk with the senators about potentially unintended consequences of how the tax might be applied, and its impact on our ability to continue the robust investments that we're making. And so we are talking with them about some of the tax policy that has existed over time that enabled us to cost effectively and affordably invest in and talk about ways to look at the way that the minimum tax is currently structured and see what changes can be made. Chris Crane: Thanks Melissa. Joe? Joe Nigro : Yes. And I'll pick up the second two questions, Shahriar. Good morning. The 15% passage as you mentioned, we wouldn't expect to update our financing plans by EI, our normal cadence is that we would do that on the Q4 call after the first of the year. The reason we do that is it gives us time to get through our year end budgeting process. And mark things to that point, whether it's treasuries, pension, et cetera, et cetera. And we would be very transparent at that point. As for your last question, go ahead. Shahriar Pourreza: No, sorry, Joe, you go, please. Joe Nigro : Shahriar, as for your last question because of multiyear plans are just for tax changes, I think what we would say it's unclear at this point how these taxes will flow through to our customers, as this, obviously as Melissa and Chris just have talked about this situation is very fluid. As it's currently written, we've reached the threshold for the tax at the consolidated level. And so we're working through all this real time. Shahriar Pourreza: Got it. And then just last”
Verify independently
SEC filings for EXC ↗ · Claim quote is verbatim from the 2022Q2 earnings call.