CLAIM #23284 · EXC (EXC) · 2023Q2 earnings call · Aug 2, 2023 · due Dec 31, 2023
“No, great question, David. We expect to see them both fully through and recognizing that, as Carim mentioned, first time for the reconciliation process in Maryland. And it’s the next 3 years, we will see it through and let it play out.”
Calvin Butler · CEO
In context
“d just add to that, both plans were built on helping the states meet their environmental and climate goals as well as economic development and job creation opportunities. So the stakeholder process, I don’t want to underrepresent because both companies have been very engaged in that process and meeting with all stakeholders. So again, proceeding, it’s a process that will play itself out. But we expect orders for both companies by the end of the year. David Arcaro: That’s really helpful color. Thanks for all that. And appreciating that there are new commissioners in both states, do you see an opportunity for settling on any issues, partial settlement, full settlement? Or is the expectation and strategy just kind of see this through kind of a fully litigated case more likely? Calvin Butler: No, great question, David. We expect to see them both fully through and recognizing that, as Carim mentioned, first time for the reconciliation process in Maryland. And it’s the next 3 years, we will see it through and let it play out. And for Gil, moving from the formula rate to a 4-year multiyear plan, it’s important that everyone feels that they have had a chance to voice their opinions and that stakeholder process is critical to that. So we do see it playing out all the way to the end of the year. David Arcaro: Got it. Okay, great. Thanks very much. Calvin Butler: Thank you. Operator: Thank you. [Operator Instructions] Our next question comes from the line of James Kennedy from Guggenheim Partners. Calvin Butler: Good morning, James. James Kennedy: Hi, guys. Good morning. How it going? Calvin Butler: Good. James Kennedy: So I guess I’ll start with the transmission announcement this morning, the $870 million for brand insurers. Is the portion that falls in the current plan, purely incremental? And secondly, any color”
Verify independently
SEC filings for EXC ↗ · Claim quote is verbatim from the 2023Q2 earnings call.