“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.”

In context

“7, 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 see for our debt offerings is supported by the strength of our balance sheet, combined the lowest attributes of our platform. Investor confidence in our offerings, along with our pre-issuance hedging program positions us well as we continue to seek out the most efficient ways to finance the energy transformation for our customers and investors. We’ve also successfully completed our planned $150 million of equity issuances for 2024 via our ATM. There has been no change in our guidance to issue a total of $1.6 billion of equity from 2024 to 2027 to fund our current $34.5 bill”