And we’re managing some different potential outcomes associated with the Oncor base review. That said, the reason we’re confident about our 2023 numbers, and we’re going to work hard to beat them is. We have a great plan of execution. It causes us to have a lot of confidence in our guidance. And I would also mention to your earlier question, we have a visibility to one of our largest portfolios of opportunities in the future, and that’s why we feel very good about the 6% to 8% growth rate.
Shar Pourreza: Perfect. And then just lastly on the LNG side, Jeff, as you’re getting closer to ECO COD, can you just maybe talk about how the economics of that project kind of stack up in the context of SIP similar returns and earnings contribution, pro rata versus chem or there sort of some headwinds from the inflationary pressures, interest rates, etcetera, more broadly. So how would the economics? Is that in line with other projects, especially Port Arthur as the next step is, that’s the next big one.
Jeff Martin: Well, thank you. We’re certainly excited about Port Arthur. I noted in Justin’s prepared remarks, I think he used the word exciting 4 or 5x. I think it reflects our excitement inside the company. As Sempra Infrastructure, you’ve followed us for a long time, Shar. We tend to be very disciplined in how we allocate capital between shareholder distributions and new projects like Port Arthur. Sempra Infrastructure typically targets high single-digit to low double-digit unlevered returns. And we mentioned in our prepared remarks that we do this with the goal of maintaining portfolio equity returns in the mid-teens. We’re very excited. I think one of the things Justin talked about is, we think we can give this project on time and on budget.
But given the positive interest in the marketplace for the project, I would tell you the returns that I decided we think, are very reasonable. But 1 thing it’s worth our audience tracking, which is we also expect to retain certain preferences and economics and the sell-down of our equity and asset optimization initiatives like you’ve seen us do around debottlenecking, expansion projects and gas supply that could give us returns at levels well higher than our normal target.
Shar Pourreza: Perfect. Thank you, guys so much. Appreciate it. I will see you soon.
Jeff Martin: Yes. Thanks for joining the call.
Operator: Thank you. And our next question will come from Nicholas Campanella from Credit Suisse. Your line is open.
Nicholas Campanella: Hi, everyone. Thanks for taking my question.
Jeff Martin: Good morning.
Nicholas Campanella: Good morning. Hey, I just wanted to round out the conversation on just how to think about growth past €˜23. When we think about the EPS CAGR off the €˜23 midpoint, does that already incorporate the 5-year CapEx view you’ll give us on the first quarter? Does it assume anything for LNG development on top of ECA such as funding for Port Arthur and Cameron 2. Can you just give us a sense of how the next update can affect growth considerations? Thank you.
