“Over the next 4 years, we anticipate investing over $31 billion to support the energy transformation, which is what’s driving that growth.”

In context

“he second quarter of 2024. Beyond Pepco Maryland, we have now received intervenor testimony in our BGE and ComEd multiyear rate plans and filed our rebuttals, and additional milestones await us in those cases in August, along with activity for Delmarva Delaware and Atlantic City Electric. The Public Service Commission of the District of Columbia has also set its schedule for the Pepco D.C. multiyear plan. You will hear more from Jeanne about all the work underway to align with our regulatory stakeholders. Now looking past 2023, we’ll also remind you of the guidance we’ve previously provided on our long-term outlook. We expect to be at the midpoint or better of our 2021 to 2025 and 2022 to 2026 6% to 8% annualized earnings growth ranges and to grow the dividend in line with those earnings. Over the next 4 years, we anticipate investing over $31 billion to support the energy transformation, which is what’s driving that growth. And I’ll remind you that we continue finding opportunities to further support the transformation, whether it’s increasing affordability for customers or strengthening the durability of our long-term investment plans. For instance, we have talked about our efforts pursuing grants under the Infrastructure Investment and Jobs Act, which support the investment programs we have laid out for the commissions. And we recently announced winning approximately $30 million of grant funding for middle mile broadband investments at BGE and ComEd. Additionally, you may have also seen that PJM recently voted to proceed with transmission upgrades to address reliability challenges associated with the retirement of the brand insurers coal plant in Eastern Maryland with over $850 million of work assigned to”