And as a matter of fact, if you at the application. I think we go in pre through the new 203 application in pretty granular form. I think it’s Pages 4, 5 and 6. Clearly, I’ve read this a few times. Take a look at that if you want to get a better sense of what the parties have come up with to be able to take care of the customers in the state of Kentucky and specifically Kentucky Power’s footprint. So I think everybody is going to be working on an expedited basis and schedule. And clearly, we very much appreciated the shortened comment period because I do think it’s indicative. So we’ll continue to work through it and rest assured that both the AEP and Algonquin team members will continue to be in regular contact with one another because at this point, we’re partners in all of this.
Unidentified Analyst: Okay. No, that’s very helpful. And then I guess, what happens if we get to the April 26 date, and we don’t have a decision from FERC. Can that be extended or…
Julia Sloat: Excellent question, excellent question. And here’s how we can answer that for you. I mentioned that the teams are in constant contact and regular contact. I would expect that if we get closer to that date, that the teams will be talking specifically about this. So stay tuned.
Operator: And next, we’ll go to Durgesh Chopra with Evercore.
Durgesh Chopra: Just first, a quick clarification. The — I think you mentioned $0.08 for the renewables business EPS. That’s just half year, right? So that’s what’s embedded in the guidance and the full year earnings are double that to $0.16, right?
Ann Kelly: No, $0.08 is last year. So the 2022 EPS from renewables, as we mentioned, for 2023, we expect that to be $0.01.
Durgesh Chopra: Got it. So that’s the full year contribution for 2022?
Julia Sloat: That’s correct. Yes, $0.08 for 2022, $0.01 for 2023. And so the way I would characterize it, and I think this is how we had the press release neutral to maybe slightly dilutive to the tune of $0.01. So from my chair, I’m not worried about it.
Durgesh Chopra: Got it. Okay. And then just, again, I want to go back to the sort of the financing slide. Can you just updated thoughts on use of proceeds here. Clearly, the renewable sale is on track and get $1.2 billion in cash. So how should we think about use of proceeds? Should that at least eliminate equity for 2024?
Julia Sloat: Yes. So do you want to take that?
Ann Kelly: No. Right now, we are not going to reduce any equity in the outer years. But as Julie mentioned, once we close the Kentucky transaction, the renewables transaction, we’re going to we reevaluate and see whether or not we can responsibly take out equity in the future while keeping in mind and having a strong balance sheet.
Operator: And next, we can go to Paul Fremont with Ladenburg.
Unidentified Analyst: Great. So I guess the first question, right now, the sales proceeds from the 2 transactions actually are in excess of the equity that you had identified last year. So we should assume though that the sales proceeds don’t eliminate your equity need, they just reduce it. Is that a fair characterization?
