John Larsen: Yeah. Maybe I’ll take the coal supply part. We’ve done a lot of work on a number of fronts in 2022, Shar, and even a bit ahead of that on the coal supply. So, we feel in very good shape as we go forward on the coal supply and maybe I’ll let Robert if you want to talk a little bit about — more on the fuel part.
Robert Durian: Yeah, Julien, thank you for that. We’re looking at a bunch of different options right now as far as spreading those fuel cost recoveries over multiple years, really to help as I indicated before, manage the customer bills to reasonable levels as far as increases over the next couple of years.
Julien Dumoulin-Smith: Got it. Okay. Fair enough. I appreciate. Just talk to us a little bit about the core challenge, the decision to create kind of a parallel pathway here in pursuing some degree of certainty on that construct, if you will, just the strategy, right? Typically, we see these kinds of more nuanced issues continue to remain within the confines of regulatory processes. Maybe that’s the way I’d frame it.
Robert Durian: Yeah, when we think about how we’re approaching that or maybe talk a little bit about the procedures that we have been through since the last time we talked in the — in the third quarter call. So, in December of 2022, the IUB did grant us the authority to move — basically reconsider the 200 megawatts of solar at the Duane Arnold sites. But they did not allow us to reconsider the second 200 megawatts of solar. Really what they were looking for there is some more specific details on the location of the projects that hadn’t been identified yet. And so when we took the opportunity then in January to do is provide all the information the IUB was requesting, including evidence that now demonstrates a pretty comprehensive record that shows that our projects are the most cost effective and reasonable solutions for the customers, when you compare them to some of the other alternative sources of supply that are available.
As part of that process, we really didn’t have a pathway forward for the second 200 megawatts of solar or 75 megawatts of battery. So we filed a judicial review to allow us to move that forward, and continue to progress that as far as the opportunity for the advance remaking principles. So as part of kind of the most recent developments with that earlier this week, the IUB issued an order really causing the decision to let the traditional process to move forward, and we expect the IUB — we’ll be making a filing or filing some information with the courts, most likely by the first part of March and after which, then we’ll most likely be making some — also some filings on that. And I kind of think of these, as all procedural steps to really allow us to continue to move forward with the process to be able to get those advanced banking principles.
I think it’s really important for us to highlight that we remain committed to these projects. We think they’re great projects for our customers and they’re very cost effective. So we’re confident in our ability to move forward with them, but we have to go through these procedural steps to really allow us the opportunity to have those advanced rate purchases.
Julien Dumoulin-Smith: Awesome. Alright, thank you, guys, very much. And then just quickly next rate case in Iowa, just how does it fit in here, if you will, if there’s any consideration around that?
John Larsen: Yes, Julien, we signaled by the first half of 2024. But think of it as the timing with the next rate case is going to be about our next CapEx that we have, and Robert talked about that with solar. Right now, the current schedule of those solar projects are in service by end of 2024. So if you think of those as tied together, but we’ll tighten up that time frame as the year progresses.
