David Hutchens: Yes. Thanks, Maurice. I think we’ve talked about this in the past. It’s really tough to see where some of these policy decisions are going to land and how it’s going to be executed with the two commission, two Republican and two Democrats. And seeing how that — how the commission functions under the new Interim Chair, Chair Phillip’s. We do think that based on Chair Phillip’s comments that he’s really going to be pushing down the same path to get some of these policy issues that are in the NOPR’s, the transmission planning and cost allocation, NOPR’s, as well as the interconnection in queue NOPR, it seems like he’s really going to continue to progress those. Has a big strong focus on reliability as you might imagine from his history working for NERC, but also on making sure that there’s energy equity and energy justice involved in some of these decisions as well.
So we’re looking forward to seeing him move forward on those dockets. On the ROE, I’m actually going to turn that over to Linda Apsey, our CEO of ITC because she can explain exactly her thoughts on that.
Linda Apsey: Great. Yes. Thanks, Dave. Thank you, Maurice, for the question. Yeah. We continue to book basically and assume that 10.77% all in ROE. It’s obviously it’s premature, it’s speculative to know or understand what FERC might do as a result of the court remand of the base ROE case. So we are continuing forward with the current ROE projections. With regards to possibility for, sort of a new tool by filing to file for a new ROE, that’s certainly something that we continue to track and monitor, as we continue to track sort of the mark-to-market rates. Obviously, we are providing FERC with the appropriate sort of time, if you will, to respond to the court remands, but we are continually in discussions and assessing our options with respect to whether we would move forward with a new updated 205 filing. At this time that decision has not been made by MISO transmission owners.
David Hutchens: Thanks, Linda. I’d just add to that directionally obviously with the data that would be updated and any new ROE filing, the current data and higher interest rate would be supportive of a higher ROE than the data that was used to set these prior ROEs back that data is six, seven, eight years old.
Maurice Choy: That makes sense. Thanks for the color.
David Hutchens: Thanks, Maurice.
Operator: Thank you. Your next question comes from the line of Rob Hope from Scotiabank. Please go ahead.
Rob Hope: Good morning, everyone. I appreciate the thoughts on the Tucson rate filing, but I was hoping you could maybe dive a little bit deeper when you take a look at the staff testimony for the staff recommendation, aside from the ROE, is there anything that gives you a pause for concern and how have conversations gone with other stakeholders? And so that may be a little bit early just given when the evidence is due?
David Hutchens: Yes. I’m going to kick that over to Susan Gray, who I didn’t properly introduced. I just introduced her as Susan. But you all likely know Susan Gray is the CEO of UNS Energy. So I’ll kick it over to her to give you some insight on where we see that rate case going.
