Joe Trpik: We — Andy, we continue to write the rate case outcome, we would agree it was very, very constructive. The growth opportunities that we have previously spoken to are continue to be supported. And when I say growth on the investment side, either through the IRP update or through some of the most recent grant that there’s clearly the opportunities and our sort of a longer-term growth plan, the facts that came out during the quarter continue to validate at that point.
Andrew Levi: Okay. People are getting tired of hearing me ask questions. So I want to move, but have a great weekend, guys.
Joe Trpik: Thank you, Andy.
Maria Pope: Thanks, Andy
Operator: Thank you. Our next question comes from the line of Travis Miller of Morningstar, Inc. Please go ahead, Travis.
Travis Miller: Thank you.
A – Maria Pope: Good morning, Travis
Travis Miller: Good morning. A quick follow-on to some of the discussion early. The decoupling mechanism that was in the settlement, how would that have affected some of the variability in the earnings or just financials in general — this year and the third quarter.
A – Maria Pope: It’s a good question. And in the third quarter where we did see lower residential and small commercial energy usage, it would have had an impact. We had had a decoupling mechanism previously, and this decoupling mechanism is a good first step in improving how that looked. I’d also say that weather have — had a significant impact on the third quarter, and that would not have been included.
Travis Miller: Okay. Okay. Very good. And then again, related, are there capital investments that you can make over the next couple of years that might reduce either the variability in some of those extreme events or in general, power cost variability on the capital side? Any thoughts?
A – Maria Pope: Yes. Absolutely. And as we look at on the power cost side, I mentioned we had a solid first step with regards to the PCAM. We’ve also invested significantly in our processes, our people, our systems, we have more work to do, but it is making a difference, and we’re able to update our annual update tariff with those annually when we don’t have a rate case. We also have additional capacity contracts and our three battery storage projects, which are progressing quite well, will have a significant impact on our ability to be able to balance between days, not necessarily provide longer-term reliability. But certainly, the warrant price stability around power costs. All of them are important. And I would add that the region continues to move forward with day ahead market discussions as well as resource adequacy discussions through the Western powerful. So all of those things taken together will improve the situation.
Travis Miller: Okay. Great. That’s great. Thanks.
A – Maria Pope: Thank you.
Operator: Thank you. I would now like to turn the call back over to Maria Pope for closing remarks. Madam?
Maria Pope: Thank you very much. We appreciate your interest in Portland General Electric. We look forward to connecting with everyone soon, in particular, those who will be at the EEI conference in a couple of weeks. Thank you for joining us this morning. Have a good weekend. Good day.
Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.
