David Hutchens: Yes, so as far as timing on Tranche 1, you might recall that we only have about USD1.2 billion out of the USD 1.4 billion to USD 1.8 billion, and this is US dollars of the total capital expenditure in the current five-year plan. So most of these are probably finishing up on the tail end of that five-year capital plan already and then into the next two years. So really what’s happened so far is just kind of delaying or, moving some of those in-service dates around a little bit. I don’t think that’s going to be substantial. It’s not going to be, right now we’re not changing our capital plan based on it because we still fully expect that those will be our projects to build. And then when we get into the Tranche 2 conversation, like you mentioned, Yes, those are probably at best in the year five of the next five-year capital plan, and then we’ll go on from there.
That’s more of a conversation about looking at the length that we have in our capital runway. And so it’s not necessarily even something that we’ll make it into the next five-year capital plan because we don’t expect those projects to be approved and assigned or allocated until late this year. And of course, we like to update our capital plan in the fall. So well, we’d love to have, quicker and sooner clarity on that. It’s going to take some time. And you know us, we don’t put it in the capital plan until we really know it’s coming. And so we are, a bit conservative from that standpoint. But if we can give any color around the expectations when we put out our capital plan and as we get towards the end of this year, we’ll do that. But as always, we want to make sure that we maintain the strong credibility that we have with you all that what we put out in those capital plans we’re going to go out and do.
So we’ll make sure that we still live by those principles.
Mark Jarvi: And any updated views in just in terms of the mix again, right away assets in terms of the amounts that you’ve carved there at the USD1.2 billion to see in the budget now, just any refined numbers around how you think that would shake out if the ROFR was not reinstated?
David Hutchens: So in the USD1.2 billion or the, or the USD1.418 billion total package there, we talk about that 70%. I think that would be, if everything went against us, I think that’s the minimum that we would have. That would be the floor. So that’s what we would be thinking right now. But as it stands, we don’t think that will be the case. We think we’ll have all those projects.
Operator: Thank you. As there are no further questions, I would like to turn the call back to Ms. Amaimo.
Stephanie Amaimo: Thank you, Ludi. We have nothing further at this time. Thank you, everyone, for participating in our first quarter 2024, which helps conference call. Please contact investor relations should you need anything further. Thank you for your time and have a great day.
Operator: Thank you, presenters and ladies and gentlemen. This concludes today’s conference call. Thank you for participating. You may now disconnect.
