Robert Vreeland: Okay, you bet. Thank you.
Operator: Our next question comes from Greg Wasikowski with Webber Research. Please proceed with your question.
Greg Wasikowski: Hey, good afternoon guys. I don’t mean to beat a dead horse here but just good going back to the financial metrics and projections from the RNG day a little over a year ago. Really, obviously a lot has changed. I’m just wondering, what at all can we still take away from the 2022 to 2026 projections whether it’s can we slide things to the right is the general ramp or the shape of the ramp still intact? Should we just be kind of hair cutting everything by a certain percentage or should we just wipe it out all together? Just curious when you look at that, what can we still take away from those numbers?
Andrew Littlefair: Well, let me hit some of the broad strokes is we still see the need almost exactly the same as we did. So the 2026 number of four — I don’t have firmly 459 whatever the total was, we still see that. We still see the third party in the exactly the same place. And by the way, we’re kind of on track on being able to lay that in as we thought. And then the RNG dairy in our account and our partners account, we haven’t come off of that. Now, I think it may be that, that you might need to slide everything six months to the right. I think that’s probably prudent to do. And, of course, as we’ve all discussed here this afternoon, is the credit prices that we use back then are different. So we all have to employ our best thinking on those credit prices, we have to believe that, that by the time you get to 24 and 25, the credit prices will strengthen substantially.
And then, of course, we like some of the some of the benefits that we received from the IRA, certainly, the production tax credit, is very meaningful out there as well. So we haven’t really, pivoted in terms of saying, oh, what, let’s not, let’s not do this RNG or let’s not pursue dairies or let’s not pursue third party. It’s all pretty much still intact. And if you want to critically look at what’s changed, you could say, well, some of these projects, dairy projects are probably taking a little bit longer to build, but I mean, in the scheme of things, when you start when you have 30, 35 projects, underway, the it’s, I don’t know how meaningful that is. And then if there’s an impact, it could be late, late 23, 24, early 24, but I think it’s generally going to hold in pretty well.
Greg Wasikowski: Okay. Yes. Go ahead Bob.
Robert Vreeland: Oh, well, yes, I look, I mean, may have said the same thing. But so it gets tempered a little bit. But then frankly, we have, we have tailwinds from the IRA that come in there. And, and really help that, and really help that out. Because you can, you can look at a model like that, and simply change a credit price, and the numbers would go down. I mean, I can tell you the math on that, if you, if you take the if you take the if you take the LCFS from, from 185 to 100, 62, it’s going to go down. Now, we don’t believe that for that five year period, although our partners, by the way, yes, so maybe there’s a little temperament there. But then we also didn’t plan in 2025, for production tax credit to come in, as well. So, we’re always kind of back in. So I think that, in general, the shape of the curves and potential out there is still there.
