“Lastly, we continue to reaffirm our existing expectations to be at the midpoint or better of our 2021 to 2025 and 2022 to 2026, 6% to 8% annualized earnings growth ranges, with dividend growth to match underpinned by the investments we are making on behalf of customers and earning an annual consolidated ROE in the 9% to 10% range during that time.”

In context

“tory calendar shortly. Now in working through these rate cases, we have several new commissioners expected across our jurisdictions, including new chairs in place or pending in Illinois, Maryland, and Pennsylvania, and new appointees in Illinois and Maryland. We appreciate the service of the outgoing commissioners and are excited to begin working with the newest members on this next phase of the energy transformation. Given this transformation will be measured in decades, it reinforces the importance of building a shared forward-looking understanding of priorities and needs across a variety of stakeholders, which is accomplished through transparency and collaboration. This kind of approach supports continuity through the inevitable evolution in legislative and regulatory bodies over time. Lastly, we continue to reaffirm our existing expectations to be at the midpoint or better of our 2021 to 2025 and 2022 to 2026, 6% to 8% annualized earnings growth ranges, with dividend growth to match underpinned by the investments we are making on behalf of customers and earning an annual consolidated ROE in the 9% to 10% range during that time. Our diverse deconcentrated capital expenditure plan and predictable investment recovery frameworks contribute to the compelling risk adjusted total shareholder return of 9% to 11% that we offer investors between our dividend and earnings growth through 2026. Our results are built on an operating philosophy that relentlessly pursues Exelon, as is highlighted on the next slide. Slide five reviews our operating performance for the start of 2023. Beginning first with reliability, you can see that our utilities continue to operate at industry leading levels, both in terms of outage frequency and outage duration. Both ComEd and PHI achieved best on record outage frequency performance, and all four utilities achieved best on record system outage duration performance. Now consistent with our focu”