“And what this does is provide an uplift to our credit metrics such that we're more in the 17, 17-plus range for FFO to debt.”

In context

“also cognizant you're talking up a lot of different CapEx opportunities in your region? Dan Tucker: Yeah. Nick, and thanks for that question. It really is kind of all of the above strategy, if you will, in terms of the opportunity to use this cash. And the three things that we're primarily focused on, you said one, which is to fund the capital plan, right? So we'll be positioned as we had been historically kind of pre-penalty ROEs and heavy construction on BOGO 3 and 4, where our operating cash flow represents over three times the size of our common dividend. And so that leaves an awful lot of cash flow to deploy against this capital plan that we expect to continue to grow that’s thing one, the number one priority of the things we're focused on, you also mentioned this is credit quality. And what this does is provide an uplift to our credit metrics such that we're more in the 17, 17-plus range for FFO to debt. And the opportunity there is not raise at these levels well-above our thresholds and then use that as some sort of currency to do things, that's the opportunity to just once again get back to being a premium credit utility and maintaining that position for the foreseeable future. So that's thing too. And then the third thing that we've talked a lot about is the opportunity that we'll have as our payout ratio gets, kind of, sustainably at or maybe a little below 70%, so called that maybe 2024, but more likely 2025, an opportunity to go to our Board and for Chris and I to make a recommendation to increase the rate of the dividend growth to be more aligned with our earnings growth. So it's, again, all of the above, but really important things that this enables us to do. Nick Campanella: All”