“Yes, it's probably about $7 billion to $8 billion per year. It's included, Michael, in the regulatory capital employed growth of roughly 8% to 9% per year.”

In context

“ocused on it. We don't talk a lot about some of the things that we're up to. You'll get more details at the Analyst Day, but needless to say and be self-assured, we're ready. Stephen Byrd: That's great of you. Thank you so much. Rebecca Kujawa: Thank you, Stephen. Operator: The next question comes from Michael Lapides with Goldman Sachs. Please go ahead. Michael Lapides: Hi guys. Thank you and congrats to everyone on all the leadership changes. I actually have two questions on the regulated business in Florida. First of all, can you just remind us, and I know you'll give us more detail six months from now. But just can you remind us what the capital spend levels for the next couple of years are, combined FP&L and gold or if you want to break it out and separate those, too? Rebecca Kujawa: Yes, it's probably about $7 billion to $8 billion per year. It's included, Michael, in the regulatory capital employed growth of roughly 8% to 9% per year. Michael Lapides: Got it. $7 billion, $8 billion per year, and kind of flat? Or do you see that escalating over time? And how should we think about what percent of that capital is either recovered as part of the rate case revenue requirement increase or via the tracker? And what part may – would build up as rate base and you get it back in a future case? Rebecca Kujawa: There's a mix, of course, Michael, as you might expect and we certainly have our best laid plans that will include as part of the updated CapEx tables in the 10-K when we publish it in a couple of weeks. One comment on that, I would make and obviously there's a difference between, as you recall, from the CapEx table for FPL versus Energy Resources. But in both cases, as you get closer to that operating year, the teams tend”