“Lastly, we are reaffirming the fully regulated operating EPS compounded annual growth target of 5% to 7% from the 2023 guidance midpoint through 2027 with the expectation to be at the midpoint or better of that growth range.”

In context

“with our latest outlook, given various new rates expected to go into effect towards the second half of the year across several jurisdictions. As we demonstrated in 2023, weather-related volatility is a risk we expect to manage alongside other changes in the plan. The ComEd rehearing provides for incremental revenue relief relative to the final order, which underpinned our base case for the year. As we progress through the year, you can expect us to balance this opportunity with management of our costs and utility work plans, regulatory outcomes and weather over the remaining quarters to deliver against the expectations laid out for the year. We remain on track for full year operating earnings of $2.40 to $2.50 per share in 2024 with the goal of being at midpoint or better of that range. Lastly, we are reaffirming the fully regulated operating EPS compounded annual growth target of 5% to 7% from the 2023 guidance midpoint through 2027 with the expectation to be at the midpoint or better of that growth range. Moving to Slide 7. There are several positive developments to highlight in the ongoing regulatory matters in Illinois. Starting with the most recent on April 18, the ICC issued an order on the rehearing of ComEd's December MYP order that reset rates, which went into effect in May, providing for an increase of $150 million in 2024 relative to the December 2023 order. The order also increased the 2025 to 2027 revenue requirements over the approved revenue requirements in those years. While we are encouraged the revenue requirements on rehearing were largely uncontested and the rehearing process was completed nearly 2 months ahead of schedule. Obtaining approval of the refiled grid plan remains top priority. That leads me to the next key development. After 3 months of robust stakeholder e”