“We are reaffirming our 2021 to 2025 target of 6% to 8% annualized earnings growth with the expectation that we will reach midpoint or better of that compounded annual growth rate.”

In context

“energy and sustainability goals. Pending approval by the city and Exelon Board, ComEd continues to operate in the city under the prior franchise agreement. And later this month, BGE will be filing its second multiyear plan for its electric and gas businesses with Pepco D.C. and Pepco Maryland following later in the first half of the year. Like Illinois, Maryland's Climate Solutions Now Act has set aggressive climate and decarbonization targets, creating an environment where utility action and investment is a key priority and for which multiyear planned frameworks are particularly well suited. Jeanne will cover the rate cases and other regulatory activity in more detail shortly. As to our projected outlook, we have rolled forward our disclosures after adding a year to our guidance window. We are reaffirming our 2021 to 2025 target of 6% to 8% annualized earnings growth with the expectation that we will reach midpoint or better of that compounded annual growth rate. We are also initiating an identical target for 2022 through 2026 where we expect to deliver 6% to 8% annualized earnings growth over the four-year horizon with the same expectation that we will reach midpoint or better of that compounded annual growth rate by 2026. This is driven by the almost 8% rate base growth from 2022 through 2026, underpinned by deploying $31 billion of capital over 2023 to 2026. That's over $2 billion more than the prior four-year period. As we balance the required progress on the energy transition with customer affordability, we continue to challenge ourselves to deliver maximum customer value at the lowest cost possible. We continue to expect some variability in our growth rates from year-to-year, due to our regulatory calendar, but we have maintained the transpa”