“Evidentiary hearings were held last week, and a final order is expected in August.”

In context

“on to pursue the traditional base rate case we had filed last fall, requesting a revenue requirement of $119.9 million, which primarily seeks recovery of critical infrastructure investments and incremental financing costs associated with rising interest rates. These investments support system reliability, capacity, and long-term growth for our customers, including projects such as the White Flint substation in Montgomery County, which expanded capacity to meet current and future energy needs, reduced outage risk and maintenance needs through removal of more than 16 miles of overhead lines, and strengthened system resilience through underground supply lines and modern equipment. Collectively, this and other investments contributed to Pepco achieving the lowest outage duration in the state. Evidentiary hearings were held last week, and a final order is expected in August. In Delaware, Delmarva Power's electric base rate case continues to progress on schedule, with intervenor testimony due in October. The requested revenue increase allows us to better support our customers through targeted programs and essential investments. This includes a new income-based rate and reliability projects such as Basin Road, where two transformers originally installed in 1967 were replaced and now reliably serve over 2,500 customers, including Wilmington Airport, the Delaware National Guard, and surrounding communities. DPL expects to be able to implement interim rates in effect in July. Finally, on Slide 8, I will conclude with a review and update of our balance sheet activity. We continued to take advantage of favorable market conditions early in the year and have made subs”