And it’s also common at the same time, have you have utility-only capital structures used in regulated rate making. So that’s the dialogue that we’re going to advance and a couple of different mechanisms that we’ll evaluate as we as we advance that discussion. As I mentioned, we’ve got a rate case in Missouri West next year. We have a little time before our next planned Kansas rate case. There’ll be a little bit of a dynamic in the final decisions around that. But that will give us some time to advance the dollar.
Dariusz Lozny: Okay. Great. Thank you. And if I could sneak in one more just quickly. Your prior Missouri rate cycle, you filed both at metro and Missouri West. It seems like it’s just Missouri West this time around. Any reason for changing that at this time?
David Campbell: It was timely for Missouri West to file a rate case. So we’re planning to do it for next year. We’ll certainly — for all of our jurisdictions, we’ll look at the right cadence to do it. We had the long stay outs coming out of the merger. I don’t think you’re going to see those in the four-to-five-year stats, but it’s timely for Missouri West rate case. So we’re filing on next year and not currently — not planned for Missouri Metro at this time for next year.
Operator: Thank you. And one moment as we move on to our next question. And our next question will come from the line of Steve Fleishman with Wolfe Research. Your line is open. Please go ahead.
Steven Fleishman: Yeah, good morning. Thanks. So just on the I guess, first on the kind of interest rate impacts. So you’re basically in the new plan, assuming kind of the current forward curves as they are?
Kirkland Andrews: Yes, Steve, it’s Kirk. That is correct. We have our expectations were ongoing entries expense to where the curves are today. That’s right.
Steven Fleishman: Okay. And you mentioned the Kansas rate case being kind of a $0.15 difference versus the prior plan? Is most of the other difference, just the interest rate move?
Kirkland Andrews: Yes. In terms of the impact to the adjusted outlook on EPS and formed by that growth rate, that’s right, yes.
Steven Fleishman: Okay. Could you just talk to kind of how your credit metrics look in the new plan with the Kansas settlement FFO to debt metrics range?
Kirkland Andrews: Sure, absolutely. I mean I think we came out of 2022, about 80 basis points above the threshold of Moody’s, which FFO to debt, and we are managing that plan going forward to make sure that we are at or above those thresholds throughout the plan, and that means through 2026. And that objective obviously informed our comfort with extending our expectation as now based on the current capital plan of no new equity to release 2026. So we’re focused on hiring to those thresholds and those targets.
Steven Fleishman: Okay. And your threshold again is what is it again? Is it 14% or 15%?
Kirkland Andrews: 15%.
Steven Fleishman: Okay. And just one more, I guess, sorry, on the capital plan. So I think you’re going to update the capital plan on the year-end call, and you seem to be talking about maybe making updates by them. But like that’s — I mean that’s pretty soon. Some of these processes in the state you’re talking about, you wouldn’t necessarily think would be kind of really started or done by the year-end call. Are these things that might get added like later on?
David Campbell: Yes, Steve, that’s a good question. I think it is — we announced the updated long-term growth rate outlook, and that’s informed by our current rate base growth trajectory. Obviously, we’ll add 2028. We don’t yet have that in the capital plan. So that will be new either way. But our anticipation is that there — we will, in conjunction with the finance, when you look at the allocation of capital across jurisdictions will reflect the — we had a revised integrated resource plan since we put out that capital plan at year-end. But the overall parameters and overall growth rate levels, I suspect you’re right, that will be in line with what we’re seeing here, but with some tweaks and without the evaluation of capital allocation.
