Daniel Cregg
Executive VP & CFO at Public Service Enterprise Group
And just as a reminder, weather variations have minimal impact on our utility margin because of the Conservation Incentive Program or SIP mechanism, which limits the impact of weather and other sales variances positive or negative on electric and gas margins, while helping PSE and G promote the adoption of its energy efficiency programs. The number of electric and gas customers, which is the driver of margin under the SIP mechanism, continued to grow by approximately 1% each over the past year. On capital spending, PSE and G invested approximately $1,000,000,000 during the Q3, bringing year to date spend to $2,700,000,000 For the full year 2024, our capital spend is expected to total $3,500,000,000 slightly higher than our original plan of $3,400,000,000 based on the continued execution of our electric system reliability programs, including energy strong and last mile spend in the IAP, our ongoing gas infrastructure replacement spending, as well as our energy efficiency programs. We are reaffirming our 2024 to 2028 regulated capital investment plan of $18,000,000,000 to $21,000,000,000 as well as our rate base CAGR over the same period of 6% to 7.5%. Moving to PSEG Power and Other.