CLAIM #23240 · EXC (EXC) · 2023Q1 earnings call · May 3, 2023 · due Dec 31, 2023
“order is expected on the proposed plan in December, 2023.”
Jeanne Jones · CFO
In context
“i-year plan with the Maryland Public Service Commission on February 17th, which we provided preview into on our fourth quarter earnings call. Covering the year 2024 through 2026, the multi-year plan details how BGE will invest nearly $2.3 billion annually in the electric grid and natural gas system and nearly $400 million total in electric vehicle and building efficiency programs. These investments will inject nearly $36 billion into the local economy and support an estimated 72,000 jobs as indicated in a study performed by Caldwell [ph] University. Importantly, BGE's infrastructure plan includes more than 300 projects and maintenance programs designed to continue meeting customers' needs, and lay the foundation for the state of Maryland to reach its goal of net-zero emissions by 2045 and order is expected on the proposed plan in December, 2023. As CF noticed, we also requested that the commission provide an order on the proposed reconciliation of 2021 and 2022 costs totaling $77 million of under recovery in parallel with the order on the second multi-year plan. That brings me to slide eight where I want to take a moment to highlight Pepco DC's Climate Ready Pathway multi-year plan that was filed with the Public Service Commission of the District of Columbia on April 13th. Pepco is requesting $190.7 million revenue increase over the 2024 to 2026 period to recover planned capital investments that are intended to enhance the reliability, resiliency, and security of the local energy grid, and to further support the district's goal to be carbon neutral by 2045, one of the most ambitious climate goals in the nation. Specifically, this”
Verify independently
SEC filings for EXC ↗ · Claim quote is verbatim from the 2023Q1 earnings call.