Third, we're benefiting from our multi-year focus on O&M expense management. In our guidance last year, we noted an expectation for annual increases in O&M expenses to average 5% over the five-year period, with higher increases in the early years and moderation in the out years. Through some of the initiatives Sid and Curtis have spoken about on prior calls, we've been able to achieve a faster pace of cost moderation, with O&M up just 5% year-to-date.

Nov 5, 2024 / CFO / receipt, needs a key / Chris Signalfi, CFO | earnings call 2024-11-05 | transcript abaf6894-f3bb-48ca-94d6-4f51ac9f4ac3 | chars 3685-4140 | segment 3