“We will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectation ranges in 2025, 2026 and 2027.”

In context

“fter taking into account more than 1.1 gigawatts of new projects placed into service since our last earnings call. We expect the backlog additions will go into service over the next few years and into 2029. This marks the sixth time in the past 8 quarters that Energy Resources has added more than 3 gigawatts to its backlog. We have now originated approximately 12.7 gigawatts of new renewables and battery storage projects over the last 12 months. Roughly 30% of our current backlog comes from storage, which demonstrates our customers' demand for a low-cost, ready now solution to meet their capacity needs. Turning now to our second quarter 2025 consolidated results. Adjusted earnings from corporate and other decreased by $0.04 per share. 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 earnings per share expectation ranges in 2025, 2026 and 2027. From 2023 to 2027, we continue to expect that our average annual growth in operating cash flow will be at or above our adjusted earnings per share compound annual growth rate range. And we also continue to expect to grow our dividends per share at roughly 10% per year through at least 2026 off 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: [Operator Instructions] And the first question will come from Steve Fleishman with Wolfe Research. Steven Isaac Fleishman: So I guess, first, just on the OBBB and then also the Trump executive orders. Could you maybe talk to, I guess, the safe harbor start of construction issue and how much OBBB has effectively maybe codified that? And what c”