“Similar to the first two years since operation, over the guidance period, we project to continue to have approximately 100 basis points of cushion on average for our consolidated corporate credit metrics above the threshold specified by the agencies.”

In context

“which is over 5.5% higher than the 23% dividends. Maintaining our commitment to transparency and predictability, we have provided year-over-year drivers contributing to the expected annual growth in our earnings through 2027 on slide 13. While there is variability in the year-over-year growth over the four year time period, the business drivers provide transparency into our expected 5% to 7% growth through 2027. Including an expectation to deliver every year after 2024 within the 5% to 7% range, if not above. I will conclude with a review of our balance sheet activity on slide 14. As you have heard from us before, maintaining a strong balance sheet is core to our strategy, and we closed out another year with credit metrics comfortably exceeding S&P and Moody's downgrade thresholds of 12%. Similar to the first two years since operation, over the guidance period, we project to continue to have approximately 100 basis points of cushion on average for our consolidated corporate credit metrics above the threshold specified by the agencies. While the final rate order issued by the commission in Illinois negatively impacted our future cash flow outlook, we have largely mitigated those impacts through cost management and curtailment of distribution capital spend at ComEd, while ensuring we maintain a safe, reliable growth for customers. As we identify new investments in the plan, we are funding in a prudent manner by incorporating an incremental $1.3 billion of equity to ensure we maintain our previous commitment on pushing and keep us on a path to 13% to 14% consolidated credit metrics over time. As our consolidated spend profile has shifted more towards transmission, the cash generated from these longer-dated investments is expected to follow the earnings largely beyond the guidance period and further strengthen our credit m”