David Arcaro: Great thanks for all that color, very helpful. And I was just wondering, just looking out the equity needs later in the plan and the balance sheet and cash flow at that point. I was wondering, are there any cash flow impacts that come over time potentially from IRA or as you start ramping up renewables and with tax credit dynamics, anything that could help operating cash flow, free up cash flow to further invest at that point that we should think about just as your investment profile shifts in that direction?
Rejji Hayes: Yes, it’s a good question, David. So we currently are assuming about $12.5 billion of operating cash flow generation over the duration of this plan. So a healthy level, and that’s kind of run rate of $2.5 billion or so per year. So clearly, we’ll benefit, as Garrick noted earlier, from just lower costs as a result of the production tax will now apply to solar investments. Whether there’s incremental upside opportunity for OCF, we’ll see. But we try to plan conservatively, and we feel pretty good about the estimates for OCF and the financing plan going forward. And I think it’s also worth noting that we don’t anticipate being a material payer of federal taxes through the duration of this plan we’ll be a partial taxpayer you start to get to ’24 and ’25, but federal tax cash payments are not a material source of outflow over the course of this plan.
And that’s kind of been sort of our norm for some time now. So the team continues to do a very effective tax planning to minimize that outflow.
David Arcaro: Okay got you that make sense, thanks so much.
Operator: The next question comes from Durgesh Chopra from Evercore. Durgesh, your line is open. Please go ahead.
Durgesh Chopra: Hey team, good morning and thank you for taking my question.
Garrick Rochow: Good morning, Durgesh.
Durgesh Chopra: Hey good morning Garrick, thank you for taking my question. Hey just Rejji, I want to go back to the equity financing plan. So the CapEx in both ’25 and ’26 was raised by $100 million, and that seems to all sort of go the equity from $250 to $350 million. Did the assumptions change in cash flow or did anything else change or you’re just building some flexibility in this line. So if you could just talk to that, please?
Rejji Hayes: I would say it’s more flexibility than anything else. I mean, I would say it’s not as formulaic. It’s a $100 million increase in the given year equates to 400% equity financing. I think it’s more you see about $400 plus million of incremental capital investment above the prior plan and exclusive of Covert. And so, we’re just trying to fund that as thoughtfully as possible. But it’s not as formulaic as incremental $100 million in ’25 and therefore, incremental $100 million, it’s much more is a little more art than that. So I would just say just because there is some flexibility. And hopefully, we don’t have to do as much of that. But for now, the guidance is up to $350 million per year, and we think that prudently funds the business and keeps those credit metrics in the mid-teens level to keep the credit ratings we have that we’ve worked very hard to achieve.
Durgesh Chopra: Awesome that makes sense. And then maybe just on the Slide 12 here. The $0.19 to $0.25 usage, non-utility tax and other, can you give a little bit of a more detailed breakdown of what’s usage and some of the other items, if you can?
