“In terms of the financials, it is a 15-year agreement with an option to extend for another five years and the first 15 years, we have committed – proposed to commit $100 million in shareholder dollars and if extended, another $20 million.”

In context

“I mentioned, is here to talk about some of the details, but what we have laid out is that this process goes to the Rules Committee this month with the city. And from there, it will go to a committee of jurisdiction. And we're confident that, as they begin to do an analysis of what we're proposing, it will meet the aspirations of the city and achieve those goals overall. So on the financials, I'm going to turn it over to Gil to kind of walk you through what that is. Gil Quiniones: Yes. So for the Chicago franchise agreement, there are actually two agreements. There's the franchise agreement and the energy and equity agreement. And as Calvin mentioned, our goal was to align our proposal to Chicago's Climate Action Plan and the state's Climate Equitable Jobs Act, and we achieved those goals. In terms of the financials, it is a 15-year agreement with an option to extend for another five years and the first 15 years, we have committed – proposed to commit $100 million in shareholder dollars and if extended, another $20 million. Jeanne Jones: And all of that's baked into the guidance that we've provided. Gil Quiniones: Correct. David Arcaro: Okay. Understood. Great. Thanks so much. Calvin Butler: Thank you, David. Operator: Thank you. [Operator Instructions] Our next question comes from the line of James Kennedy from Guggenheim Partners. James Kennedy: Hey guys. Good morning. Congrats on the outstanding quarter. Calvin Butler: Thank you, James. Good morning. James Kennedy: So I guess just kind of keeping on the topic of Illinois, how are you thinking about the backdrop for transition at the commission this year, given there's a vacancy, there some expired terms and some other overhangs on several at the moment? Calvin Butler: Yes. James, great question, but I'll be honest with you. When we look at our interaction”