“A final order in the ComEd will say [indiscernible] case is expected no later than December 20th.”

In context

“Turning to slide seven. As Calvin mentioned, there have been some important developments on the regulatory front since the last earnings call. Let me start by reminding you of two electric distribution rate cases in progress. First, Delmarva Power Delaware has revised a revenue request for a $47.8 million increase based on an updated test period in its electric distribution rate case, both full proposed rates going into effect on July 15th subject to refund. We expect a decision in the second quarter of 2024. Additionally, as discussed previously, ComEd filed its electric distribution multi-year rate plan in January, and we expect intervening testimony due from the Illinois Commerce Commission staff on May 22nd, and evidentiary hearing to be held in late August as the next key milestone. A final order in the ComEd will say [indiscernible] case is expected no later than December 20th. ComEd also filed its 2022 formula rate reconciliation seeking recovery of $247 million in rates effective January 1st, 2024. A key driver at the increase is the impact of US Treasury yields starting to increase from their depressed levels experience during the COVID-19 pandemic, which as you'll recall was reflected in 2022 earnings. First statute in order is expected on the reconciliation by December 17th. Since the last earnings call, there were three numerous cases were filed. First on February 15th, Atlantic City Electric filed a distribution based rate case with the New Jersey Board of Public Utilities seeking a revenue increase of $105 million, reflecting an RV of 10.5%. The filing supports critical investments to enhance service and deliver safe, reliable, and sustainable energy for”