“We believe that at the end of the year we'll be able to report a regulatory ROE at the high end of the range.”

In context

“but the language is exactly the same. If you're asking specifically around Florida Power & Light Company, the approved range, as you know, for the settlement agreement is the range of 9.7% to 11.7%. And my comment was specifically around our expectations for 2022, which, of course, is the first year of the new settlement agreement. And that also includes the one-year limitation that was included in the settlement agreement around the use of surplus amortization just in this year, which is a maximum amount of $200 million. When we think about everything, what our investment plans are, our opportunities for continuing to focus on cost improvements, other improvements for customers, the investments that we plan to make, and the use of the surplus amortization, including the shape over time. We believe that at the end of the year we'll be able to report a regulatory ROE at the high end of the range. Where exactly that is, of course, we'll refine it over the – as the year progresses. And then, of course, we'll be targeting the high end of the ROE range in future years as well. Michael Lapides: Got it. Thank you, Rebecca. Appreciate for taking the time and congrats again. Rebecca Kujawa: Thank you so much, Michael. Operator: The next question comes from Jeremy Tonet with JPMorgan. Please go ahead. Jeremy Tonet: Hi, good morning. Rebecca Kujawa: Good morning, Jeremy. Jeremy Tonet: You covered a lot of ground today. Just one question for me and it's kind of been touched on a few different times, but just diving in with the transition, in general. Just wondering if you could comment a little bit more about why now is the right time versus any point in the past or in the future to make the”