Ralph LaRossa: And the only thing I would add there is the comments I made also just indicate there’s a lot of interest on the energy efficiency front, and we’ve been able to continue to expand there. So, all consistent with what I indicated on the triennial and the support we get from the BPU.
Travis Miller: Okay. Perfect. That’s helpful. And then a high-level question on offshore wind, I know you’re not involved in that anymore, but obviously, a lot of stuff coming out in New York. Any thing you’re hearing in regulatory discussions, political halls, anything you’re hearing in terms of New Jersey’s offshore…
Ralph LaRossa: Yes. No, look, we’re just — we’re reading what you’re all reading. And again, just happy with the decision that we made at this point.
Operator: Our next question is from the line of Anthony Crowdell with Mizuho. Please proceed with your question.
Anthony Crowdell: Just apologies a housekeeping on cadence rate filing in December, then we get 2024 guidance, earnings guidance in December, a little CapEx update. And then on the 4Q call, we get an update on rate base CAGR, earnings growth CAGR. Is that — did I hear that correctly?
Ralph LaRossa: That’s about the rhythm we expect. I don’t want to be tied into an hour or a day, but yes, that’s the rhythm we expect.
Anthony Crowdell: Great. And then just an easy question. You talked about the financing, maybe interest rate hedges earlier in the call. There’s a bond that’s due, I guess, you guys have taken care of that. There’s also one due, I guess, in June of next year, it was an attractive rate at 2.9%. Has that been included like in your interest rate hedges or — what are the plans for that maturity?
Dan Cregg: Yes. So, we’ll take that out and step forward. And Anthony, I think the important element is that last November, as we gave that update, we presume rates including spreads that were pretty comparable to where we are. We didn’t capture every single dollar of it. But I think the delta between what we thought it was going to be and where we are currently from a market perspective is within the range. So, I think we’ve done a nice job of getting ahead of it, and we will take that out. And like a lot of our refinancing, we will see some higher rates as we flip them, but they’re a caution our forecast.
Anthony Crowdell: Great. And then last, if I could jump in up to Mike’s question earlier about the PEG Power outlook change, I guess, at Moody’s. I mean, any thoughts to maybe potential changes at the parent company? I believe Baa2 PEG Power, stronger balance sheet there, the utility strong balance sheet, any read-through on or your interest in moving PEG Power — I’m sorry, the parent up to Baa1.
Dan Cregg: Yes. I mean if you take a look at it, they didn’t move the rating on power. It’s just a positive outlook there. And so I think that ripple effect would be would be lesser as you look at the parent. But I think on balance, just if you think about the overall business mix reflective of PTCs and what we’ve done from an overall strategic set of decisions I think we’re in a better position going forward.
Operator: That is all the time we have for questions today. I’ll turn the floor back to Mr. LaRossa for closing comments.
Ralph LaRossa: Yes. No. Thank you very much, and try — sorry, we had so much interest, but sorry, we had to move on. Listen, I just want to thank you all for your continued interest. The work that our team continues to produce amazes me. I’m really happy with the stability that we’ve created here and the certainty. We put out some internal information earlier today, and it’s just amazing the amount of things that we continue to execute on. And I’ll just highlight a few of them here. One was this gas system monetization plan and the work that we completed. We’ve continued to be recognized in awards different things that have come out of best employers and best companies to work for. We lowered our gas bills again for customers effective October 1, and we refreshed our Board of Directors.
So, things that a lot of people sometimes struggle with, we just seem to be executing time and time again. So a big thanks to our team. Hopefully, you hear that not only in our voices, but from others that we’re a company you can count on, and we’re executing on the work that we said we would. And I’ll just leave with this. Anthony said it, but happy Halloween to everyone. I hope you all have a safe and healthy Halloween, and that’s not just for yourselves but also for your families. Enjoy the day. Take care.
Operator: Ladies and gentlemen, this concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.
