Robert Durian: Yes, Alex, I would say a majority of what we’re seeing as far as the difference between 2022 levels and 2023 are primarily because of some additional spend that we incurred in the second half of 2022. We continue to focus on O&M controls and continue to make progress with different activities to try and reduce costs for our customers. A lot of some of the more exciting things that we’re focused on right now is in the technology area, identifying different opportunities for us to use. Things to spend the capital dollars to reduce what I’ll call longer-term O&M costs. Things like undergrounding, which has been very effective at us being able to reduce storm costs this year. We’ve also implemented quite a bit of fiber throughout our service territory, which is helping reduce telecommunication costs.
And we’ve got a pretty exciting new system we’re going to put in to help us with enterprise workforce and asset management that we think will gain some efficiencies with a lot of our field operations. So — we also have what I’d call more of a step change with this recent quarter because we retired the Lansing facility, one of our coal plants, which you’ll see a reduction on. As I look to the future, probably some exciting things in the artificial intelligence area, but we’re still in what I characterize as the evaluation phase there. And so we’ll continue to monitor that and provide updates for the investors once we see more progress in that area.
Lisa Barton: Alex, the one thing that I would add to what Robert talked about is the fact that we are focused on affordability. We understand that that’s going to be a driver of growth in the future. So from a cultural standpoint, the entire organization is really focused on evaluating our processes, our cost structure to make sure that we’re delivering as best we can for our customers and communities.
Alex Mortimer: Okay. Understood. And then on more of a big picture level, we’ve seen a move to promote gas bands even in cold weather states like Massachusetts. How do you think about the long-term outlook for gas utilities and your gas infrastructure?
John Larsen: Yes. Alex, I think we’re still at a point where it’s going to be very important, particularly in the region and climate that we have for gas to play a major role, certainly understand there’s going to be lot of discussion about the role of natural gas, where it plays on either producing for generation or for home heating. But for at least the immediate future and for a while past that, we see natural gas playing a very important role.
Lisa Barton: And the only thing I would add is our – the one thing I would add is our renewables portfolio really protects our customers from fuel cost volatility. The fact that 40% of our retail customers were served by renewable resources is a big differentiator, I think, for us.
Operator: [Operator Instructions] Your next question will come from James Kennedy at Guggenheim.
James Kennedy: Just a quick one. I’m sorry if I missed this. But what will you be in a position to provide in terms of guidance with the next update if the Wisconsin case is still outstanding?
Robert Durian: Yes, James, this is Robert. So if you think forward to the third quarter conference call in early November in the EEI Finance Conference that will be shortly after that. We will be providing updated capital expenditure and rate base projections for 2023 through 2027. And expect to have additional insights on expectations of our rate reviews in Iowa and Wisconsin to provide us more specifics on what we’ll see for earnings guidance and financing plans in 2024.
James Kennedy: Okay. But the formal guidance might have to wait?
