“We'll finance it in a way that maintains that cushion on the balance sheet that we target, but also ensures that we meet our 6% to 8% earnings growth.”

In context

“or public policy goals continue to invest in transmission. David Arcaro: Excellent. That's really helpful. And I guess as you think about some of this incremental upside CapEx, it sounds like some of which would hit the current plan, but then also looking ahead to the next 5-year CapEx plan, how do you think about financing the next year of kind of higher CapEx growth and rate base growth, specifically thinking about how you're thinking about equity needs from here? Jeanne Jones: Yes, it's Jeanne. I think it's how we've always thought about it. We rolled out the $31 billion on our last call. We talked about financing in a balanced approach with internal cash flows and a mix of debt and equity. And so I think to the extent we continue to see more and more work, which we know there will be. We'll finance it in a way that maintains that cushion on the balance sheet that we target, but also ensures that we meet our 6% to 8% earnings growth. Operator: One moment for our next question. Our next question comes from the line of Paul Zimbardo from Bank of America. Paul Zimbardo: And thank you for laying out all those transmission opportunities. Just as we think about the roll forward, not the current plan, you've been very clear, but the roll forward with these incremental opportunities, is there a good way to think about financing those incremental CapEx? Is it kind of like a 50-50 mix? Or should we be thinking of something different? Jeanne Jones: Yes. I think as I mentioned with David's earlier question, we'll do it in a balanced way. I think we've got a lot that we're pulling together here. We've got some really exciting incremental transmission opportunities. We have incremental investments from the new rate cases that we've”