“We expect a final order from the commission by year-end.”

In context

“nia Public Utility Commission issued an order approving the joint petition for settlement in PECO’s GAAP rate case including an annual natural gas distribution revenues increase of $54.8 million beginning January 1, 2023. We also have two rate cases pending final orders. Notably, Delmarva Power reached a settlement on the majority of key elements for its first electric distribution multi-year plan with the Maryland Public Service Commission, including a cumulative revenue increase of $28.9 million beginning in 2023 through 2025, reflecting an ROE of 9.6%. The ability to reach this settlement is a testament of the many benefits of this progressive rate design, including customer rate predictability, ease of regulatory burden and transparency into future system investments at our utilities. We expect a final order from the commission by year-end. Lastly, we expect a final order on ComEd’s final distribution formulary update in the fourth quarter. More details on the 2022 rate cases can be found on Slides 18 through 22 of the appendix. Turning to 2023 rate filings. ComEd continues to prepare for a new rate filing in January of 2023. Throughout 2022, ComEd has been working with stakeholders on the performance metrics proceeding. On September 27, the Illinois Commerce Commission issued its order approving the performance and tracking metrics plans, which includes seven performance metrics with a total value of plus or minus 32 basis points. The order paves the way for ComEd’s first multi-year plan filing in January 2023 for rate effective 2024 to 2027. Details of the filing will be shared on our fourth quarter call. The multi-year pl”