CLAIM #23287 · EXC (EXC) · 2023Q2 earnings call · Aug 2, 2023 · due Aug 2, 2024
“So, we will continue those practices that helped us heading into ‘23, and you can expect us to do that for future issuances as well.”
Jeanne Jones · CFO
In context
“d distribution utility company. And we continue to focus on that. So, that is what our focus is on day-in and day-out. Jeanne? Jeanne Jones: Yes, I think that’s well said and all of that helps to reduce the O&M and preserve the cash, which minimizes the amount also that we need to finance in terms of our investments, so getting that cash and redeploying it back into the business. The only other thing I will add is on the interest rates, how we do as a whole – at the operating companies, we are stepping into new – sort of new rate cases, so the ability to recover the incremental interest there is important. But at the parent company, we do engage in reinsurance hedging and so being able to lock in with certainty ahead of time heading into a year what that interest expense is, is important. So, we will continue those practices that helped us heading into ‘23, and you can expect us to do that for future issuances as well. Paul Zimbardo: Okay. Great. Thank you for the color team. I appreciate it. Calvin Butler: Thank you, Paul. Operator: Thank you. [Operator Instructions] Our next question comes from the line of Jeremy Tonet from JPMorgan Securities, LLC. Unidentified Analyst: Hi. Good morning. This is actually David Kelly [ph] on for Jeremy. Just wondering, would you be able to outline your current credit metrics relative to thresholds and plan targets? And how could this ultimately contribute to your 425 remaining equity? Jeanne Jones: Sure. It’s Jeanne. So, on the current credit metrics, I think S&P and Moody’s just recently published kind of the prior 12 months, those were at 13%. And as we show in our slides and as I talked about in the script, as we look at our ‘23 through ‘26 time period, we expect t”
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SEC filings for EXC ↗ · Claim quote is verbatim from the 2023Q2 earnings call.