“On a full year basis, we continue to reaffirm our 2023 EPS guidance range of $2.30 to $2.42 per share.”

In context

“over-year earnings growth to benefit from the absence of proactive derisking that occurred in the fourth quarter of ‘22, the expected reversal of the O&M and tax timing and the anticipated onetime impact of BGE’s reconciliation for the ‘21 and ‘22 under recovery of its first multiyear plan. As we do not receive the final order on the reconciliation for BGE until December of ‘23, we cannot record BGE’s earnings associated with the reconciliation until that time. In line with discussion on the first quarter earnings call, we expect the $0.07 of unfavorable weather experienced year-to-date to be offset with the combination of O&M levers across the platform, favorable depreciation at PECO and the full year earnings impact of the carrying costs associated with the CMC regulatory asset balance. On a full year basis, we continue to reaffirm our 2023 EPS guidance range of $2.30 to $2.42 per share. Through a continued increase in rate base as we deploy capital for the benefit of our customers and strong cost control across the platform, we remain on track to deliver earnings at the midpoint or better of our guidance range. With several months of weather and storm exposure remaining, you can expect we will manage utility work plans to deliver earnings within expectations. Lastly, we are reaffirming the fully regulated operating EPS compounded annual growth target of 68% from 2021’s and 2022 guidance midpoint through 2025 and 2026, respectively, with the expectation to be at the midpoint or better of that growth range. Turning to Slide 7. As Calvin mentioned, there have been some important developments on the regulatory front. Since the last earnings call, there was one new rate case”