The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew Marc Weisel - Scotiabank Global Banking and Markets, Research Division - Analyst
: First question, I want to ask a little bit more about the inflationary pressures. I appreciate all the details you gave. In the past, I think
you talked about limiting bill increases to say 2% or 3%, if I remember correctly. My question is how confident are you about your
ability to stick to that in, say, 2022 and maybe '23? I assume widespread inflation won't be as big of a concern after that. But in the
near term, do you still feel comfortable with those past targets?
Question: Andrew Marc Weisel - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. Great.
Next question is at Enterprises, it's mentioned that DIG and the Peakers will likely bid into the upcoming RFP. I don't expect anything
too specific for obvious competitive reasons, but can you qualitatively talk about how you think of the trade-off between, say, price
certainty and stability that would come with a long-term contract versus the potential for lower revenues given the competitive
nature of bidding?
Question: Andrew Marc Weisel - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. That makes sense.
And just lastly, what's the timing of the RFP? And when you'll communicate if DIG is, in fact, participating or not, DIG and the peakers.
Question: Paul Patterson - Glenrock Associates LLC - Analyst
: Congratulations on the IRP settlement. And most of the questions have been answered here, but just with respect to sales and what
have you. Is COVID over, do you think? I mean, are we now sort of the normal level of what you think will be normal going forward?
Or -- I don't know. Just hoping maybe it is.
Question: Paul Patterson - Glenrock Associates LLC - Analyst
: Okay. Great. And just -- the other final thing is that there was some legislation that was -- recently introduced regarding outages and
reliability. It seems to me that maybe it was more of a Detroit thing that might be driving -- I wasn't really completely clear. I was just
wondering, do you have any color about -- you don't see this very often about what might be driving that legislative? I mean, it
seems like it's some Democrat representatives or whatever that are proposing it. And I'm just wondering if you had any thoughts
about that?
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