“Lastly, there have been no changes in our guidance to issue $425 million of equity at the holding company by 2025.”

In context

“We continue to anticipate the treasury will issue more guidance on the corporate alternative minimum tax before year-end. From a financing perspective, I will remind you that we completed all our planned debt financing needs for 2023 as of the second quarter call, reducing earnings volatility in the second half of the year. In managing the interest rate volatility, we continue the pre-issuance hedging and floating rate cap programs that were initiated last year. In addition, we continuously monitor the capital markets and regularly assess our plans for future issuance timing, sizing, tenor and tranching strategy to ensure we always achieve optimal outcomes. Additional detail on our earnings sensitivities reflective of our hedging activity to date is provided on Slide 18 in the appendix. Lastly, there have been no changes in our guidance to issue $425 million of equity at the holding company by 2025. As we work with our jurisdictions and identify needs for further investment at the utilities, including those assigned by PJM, we will continue and ensure that we maintain a strong balance sheet, consistent with the expectations of a premium T&D company while supporting our 6% to 8% annualized earnings growth rate. Thank you. I'll now turn the call back to Calvin for his closing remarks. Calvin Butler: Thank you, Jeanne. With just a couple of months left to go in 2023, I'll conclude with a reminder of our goals and priorities for the year. First, our foundation is operational excellence, which benefits our customers and communities. As I mentioned, our employees rose to the challenges they always do for our summer storms, but we're ready to close out the year strong to prove we have the b”