“We continue to project a cushion of approximately 100 basis points on average over the planning period for our consolidated corporate credit metrics above the downgrade threshold of 12% specified by S&P and Moody’s, demonstrating our commitment to maintaining a strong balance sheet.”

In context

“jurisdiction we serve. These efforts highlight our dedication to enhancing customer value while fostering local economic growth and they are a testament to our strategic efforts to maximize the impact of our investments, modernizing the energy grid, while mitigating resource adequacy constraints and supporting state goals to decarbonize, the project also highlights the power of our platform to efficiently execute on capital plans for the benefit of our customers. This is just one example of the $9.7 billion we have in our capital plan for electric transmission investment through 2027, and it highlights why transmission will continue to be an area of significant opportunity to support our customers going forward. Finally, I will conclude with updates on our financing activity on Slide 10. We continue to project a cushion of approximately 100 basis points on average over the planning period for our consolidated corporate credit metrics above the downgrade threshold of 12% specified by S&P and Moody’s, demonstrating our commitment to maintaining a strong balance sheet. And while we continue to advocate for language that incorporates – the corporate alternative minimum tax and the final treasury regulations, recall that our plan incorporates the assumption that the final regulations will not allow for repairs, consistent with the proposed guidance released in September. It’s implemented in a way that mitigates the cash impact we’d expect an increase of approximately 50 basis points to our consolidated metrics on average over the plan, putting us at the higher end of our targeted 100 to 200 basis points of cushion over the planning period. From a financing perspective, we have successfully completed all of our planned long-term debt financing needs for the year with PECO raising $575 million in the third quarter. The strong investor demand we continue to”