The favorable change anticipated in the fourth quarter is largely a result of the timing of O&M spending in the prior year, including employee-related expenses and a contribution to the AAP Foundation in the fourth quarter of last year, along with continued actions we have taken, such as holding employment positions open, reducing travel, and adjusting the timing of discretionary spending.

Nov 2, 2023 / CFO / receipt, needs a key / Chuck Zabula, CFO | earnings call 2023-11-02 | transcript 66042727-126e-448b-8f3b-2911f0d1c0f1 | chars 18494-18886 | segment 19