MAAT INDEX

CLAIM #23293 · EXC (EXC) · 2023Q2 earnings call · Aug 2, 2023 · due Dec 31, 2023

As Calvin and Jeanne mentioned, we have more hearings at the end of August, early September with the final order expected in mid-December.

Carim Khouzami · President and CEO, BGE

PENDING
graded after results covering Dec 31, 2023 are reported

In context

d interveners to provide additional information, answer any of their questions and provide clarification. Calvin Butler: Carim? Carim Khouzami: Good morning. This is Carim Khouzami from BGE. As Calvin mentioned, the case is proceeding as expected. The staff has come in with a proposal of about 70% of our ask. As expected, some of the areas of debate surround ROE investments in our gas system and some building electrification programs that BG proposed for the first time to help the state meet its climate change goals. One of the things to point out, as you know, reconciliations of the first time it is being done in Maryland in a multiyear plan. Both staff and OPC and other intervening parties suggested about 90% of our requests. So again, that is proceeding well. So all in all, going well. As Calvin and Jeanne mentioned, we have more hearings at the end of August, early September with the final order expected in mid-December. Calvin Butler: And David, I would 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

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SEC filings for EXC · Claim quote is verbatim from the 2023Q2 earnings call.