“On a full year basis, we remain on track for operating earnings of $2.40 to $2.50 per share in 2024, and we reaffirm our long-term annualized operating earnings per share guidance range of 5% to 7% and through 2027 with the expectation to be at the midpoint or better of that growth range.”

In context

“weather conditions, early execution of our weather and storm recovery plan and timing of ComEd’s distribution revenues. Operating earnings of $1.16 per share through the first quarter of 2024 reflects 47% projected full year earnings, which is in line with how we’ve affirmed through the first half of 2023. As we look ahead to next quarter, we expect a relative EPS contribution in the third quarter to be largely in line with prior year at approximately 27% of the midpoint of our projected full year earnings guidance range. Our outlook for the second half of 2024 assumes fair and reasonable outcome for Pepco DC’s multiyear plan rate case and the BGE and ComEd reconciliation, and it incorporates July weather and storm activity with the same geothermal conditions for the balance of the year. On a full year basis, we remain on track for operating earnings of $2.40 to $2.50 per share in 2024, and we reaffirm our long-term annualized operating earnings per share guidance range of 5% to 7% and through 2027 with the expectation to be at the midpoint or better of that growth range. Turning to Slide 7, as Calvin highlighted, there have been some important regulatory developments across our utilities that I will review, beginning with ComEd. Coming out of two rounds of staff and intervener testimony, we are encouraged by the support that ComEd revised grid plan is compliant with the requirements of the Climate and Equitable Jobs Act. And that it represents an appropriate balance between affordability and supporting the state’s clean energy goals. With our proposal representing an average annual increase to the total residential customer bill of only 1.8% through 2027 relative to December’s final order. ComEd filed its Solar Parties [ph] testimony with the Illinois Commerce Commission on July 31, marking the end of rebuttal [ph] testimony and another key milestone in t”