“From 2023 to 2027, we expect that our average annual growth in operating cash flow will be at or above our adjusted EPS compound annual growth rate range.”

In context

“our development expectations. Our backlog additions represent the diverse power demand that we are seeing across industries. Roughly 40% of our backlog additions are driven by commercial and industrial customer demand, while 60% are driven by demand from power companies. As evidenced by our nearly 1 gigawatt additions, our customers continue to choose battery storage as the lowest cost, ready now solution to meet their capacity needs. Turning now to our first quarter 2025 consolidated results. Adjusted earnings from Corporate and Other decreased by $0.03 per share year-over-year. Our long-term financial expectations remain unchanged. We will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted EPS expectation ranges in 2025, 2026 and 2027. From 2023 to 2027, we expect that our average annual growth in operating cash flow will be at or above our adjusted EPS compound annual growth rate range. We also continue to expect to grow our dividends per share at a roughly 10% rate per year through at least 2026 off of a 2024 base. As always, our expectations assume our caveats. That concludes our prepared remarks. And with that, we will open the line for questions. Operator: We will now begin the question-and-answer session. [Operator Instructions] The first question comes from Steve Fleishman with Wolfe Research. Please go ahead. Steve Fleishman: Yeah. Good morning. Thank you. So first, just related to the tariff disclosure you provided, which sounded very good. The - the battery portion where you're moving a lot domestic, I assume that means you're also getting domestic battery cells as part of that. Is that right? John Ketchum: The way the contract works, we get certain components -”