“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.”

In context

“ussion 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 filed, so I’ll provide a status update on each of the six current open proceedings, starting with the most recent filing. On May 16, Pepco Maryland submitted its climate ready pathway, a 3-year multiyear plan application to the Maryland Public Service Commission. Pepco is requesting a $213.6 million revenue increase over the April 2024 and to December 2027 period, inclusive of a proposed 9-month extension reflecting an ROE of 10.5%. The filing outlines investments the company expects to make to support a climate-ready grid and enable cleaner energy programs and technologies that support Maryland’s goal to reach net zero emi”