Sophie Karp: Got it, got it. Thank you. And then — maybe if I can ask a solar question. I’m just curious on your Missouri solar projects, particularly the ones that yourself building or participate in building them, how are you thinking about your procurement strategy with respect to potentially getting adders for domestic content and things like that. Does that influence your decision as to what equipment you’re going to procure for these?
Marty Lyons: Yes. Sophie, it certainly does. So as you saw in our slides in terms of our build-out, we do plan to have projects that are build transfer agreements that are built by developers, projects that are developed to a certain point and then we procure them and finalize the construction ourselves and then some self-build. And certainly, we’re taking a host of considerations into account when we look at where these projects are being built and what they’re being built with. And so if we can take advantage of a site that provides us with incremental tax credit opportunities, we’ll do that. If we can take advantage of procurement strategies that — resources that allow us to maximize the value of credits, we’re going to do that.
So at the end of the day, our goal with this is to build a portfolio of projects that really provides a good diversity, low cost for our customers, reliability for our customers. And we’ll look to maximize those tax credits to the extent possible to again deliver the lowest present value of revenue requirements for our customers.
Sophie Karp: Great. Thank you. And do you expect to self-consume those tax credits? Or would you be looking to monetize them to the third party?
Michael Moehn: Ultimately, I think it’s a combination of both, Sophie. I mean, we’re not sitting on a lot of credit today. But I mean, as we build into these, certainly again we’ll be very thoughtful about. We’ve been very involved in these issues on transferability and get a clarification working through some of these rating agency issues, et cetera. But I absolutely think that it could be a combination of both as we move forward.
Sophie Karp: Thank you so much. That’s all from me.
Michael Moehn: You bet. Thanks.
Operator: [Operator Instructions] Our next question comes from Julien Dumoulin-Smith with Bank of America. Please proceed with your question.
Julien Dumoulin-Smith: Hey, guys. I was worried it was going to end earlier. I wanted to squeeze in a couple here. Look, I wanted to come back to what was being discussed on Illinois real quickly. Do you have any thoughts about Illinois gas here? I know that’s very preliminary, but it seems like there could be some conversations going into ’24 on perhaps reform that might look akin to Colorado or something like that, But you — or Minnesota at that. But you guys tell me, what are you guys hearing or seeing on any front there.
Marty Lyons: Yes, Julien, in terms of legislation for next year, I can’t say that there’s anything percolating right now that we’re aware of or involved in. I think that right now, our focus obviously is on this Illinois multiyear rate plan on the electric side. And also getting a constructive resolution of our pending Illinois gas case. And so that’s our focus right now. I know in the past, there was some discussion around QIP, but of course, that’s expiring at the end of this year. And right now, we think we’re positioned well as we utilize the forward rate cases in Illinois for our gas business. So really nothing to share with you on that front right now, Julien.
Julien Dumoulin-Smith: All right. Fair enough. And obviously, you’ve got these new CCNs going on the Missouri side. Just any lessons learned from Boomtown, Huck, et cetera?
Marty Lyons: I don’t think there are any specific lessons learned. We were certainly pleased to receive the commission’s authorization to move forward with Huck and Boomtown and pleased with the orders received and the resolution of those. So I wouldn’t say there’s any specific lesson learned. We think all four of the projects that we have proposed are excellent projects for the benefit of our customers and move us along the path towards the investments that were laid out in our 2022 IRP. And we’ve got another IRP that we plan to file this September. And certainly, we think those projects are consistent with the path that we’ll lay out as part of that IRP as well.
Julien Dumoulin-Smith: Awesome. Alright, guys. Super quick. Thank you.
Marty Lyons: Thank you, Julien.
Operator: It appears that there are no further questions at this time. I would now like to turn the floor back over to Marty Lyons for closing remarks.
Marty Lyons: Yes. Terrific. Well, thank you all for joining us today. We had a strong first half of 2023, and we remain absolutely focused on strong execution for the remainder of this year. So we look forward to seeing many of you at conferences in the coming months, and thanks again, have great day.
Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.
