Operator: And our next question comes from Jonathan Reeder with Wells Fargo. Please go ahead.
Jonathan Reeder: Hey. Good morning. If you could just expand a little, maybe on the last question, can you just discuss your latest thoughts in terms of how the merger approval process potentially gets going again, on what the PRCs timeline to reach into final order might be? I know you just kind of indicated certainly expect it before December and then do you need to first pool the appeal of the PRC’s decision that’s currently pending at the Supreme Court, and if so, do you have plans to do that?
Pat Vincent-Collawn: Jonathan, right now, we need to wait to see what the commission has done in their sessions, if anything. And so right now, we’re going to holding pattern, looking forward to hearing about their deliberations and any outcomes and that will determine what next steps are.
Jonathan Reeder: So in what form are we going to hear back from the PRC, like, I mean are they required or scheduled to give us some sort of update like?
Pat Vincent-Collawn: No, I mean they have — if you’ve listened to the meetings, they have reported on the fact that they have had closed sessions and delivery over the following matters and in particular on the merger case that commissioner, excuse me — Chairman O’Connell has accused himself and they have deliberated on that. So that is all we have heard, I would assume, at some point in time they would report out on an open meeting, but it is — there is no timetable for them to do that.
Jonathan Reeder: Okay. And then I guess how do you guys handle it from year end with the merger agreement expiring here in April, if you haven’t heard anything from the commission and you haven’t pulled your appeal, like what should we expect in terms of that?
Pat Vincent-Collawn: Yeah. The Board is going to consider all the merger and potential Merger Extension items in due course and not going to speculate now on what happens in that April timeframe.
Jonathan Reeder: Okay. And then I guess just given the passage of time and everything, are there additional concessions that might need to be made. Do you think in all the prior signatories to this settlement are still on board with the deal? Should we expect you to file, like a new settlement agreement that at least encapsulates the commitments that AVANGRID made after the last settlement was filed.
Pat Vincent-Collawn: I think, it’s a couple of things, we have not heard that any of the interveners are not on board, we have not been actively talking to them about this and start about the rate case and grid mod. With them, and I’m going to speculate on the new application until we hear what the commission has to say, I mean that, that’s really what we need to hear from — what we need to hear before we decide next steps.
Jonathan Reeder: Okay. And then I guess from the standalone growth perspective. I guess, I was a little confused on Slide 15, is the 5% long-term growth target is that off the midpoint of the ’23 guidance $2.70, like a five year target or are you just kind of reiterating the 5% through 2025 off the 20 base?
Lisa Eden: So, Jonathan, we are very pleased with this slide, you can see 6.7% CAGR from 2013 to 2023 and what we have said is that we’re comfortable with in our growth target of 5%. We set out the growth target of 2022 to 2025 and we will provide details later in the year, but at this point we’re comfortable with the 5% growth.
Jonathan Reeder: But just the 5% growth through 2025 or extending beyond there?
Lisa Eden: We are comfortable with 2020 to 2025 percent and then as we look forward 5% is, we are comfortable with that growth target. And…
