The third impact is continuing significant supply chain issues faced by our clients have, in many instances, led to severe shortages of critical components required to start or complete new builds and delays in receiving the materials required for maintenance, replacement, or hardening work. The lead times for procurement of the key systems, materials, and components required for electric T&D work have increased by two to four times for most categories, with nearly all approaching or exceeding one-year delivery times. Several examples, late times for non-distribution power transformers are now 100 to 120 weeks. That's two times the normal delivery. Circuit breakers are 90 weeks. That's three times. And conductors are 80 weeks. That's four times what our utility clients normally take to receive the conductors. Similar impacts are experienced among gas distribution clients. On risers and gas meters, on the average, it's now over 60 weeks lead time. How has this affected us? Numerous capital projects that we had in our budget for performance this year as backlog or as a high percentage in our weighted pipeline have been delayed significantly and pushed into next year. Extended lead times also materially alters our work mix. and therefore our ability to efficiently sequence work resulting in less productive execution, which then leads to underutilized equipment, our labor becomes much less productive, and we realize increased project-related travel expenses.

Nov 9, 2022 / receipt, needs a key / Paul Daly, other | earnings call 2022-11-09 | transcript 40319715-ff48-4495-8b1c-a647f7442fc2 | chars 11527-13005 | segment 11

I should note that last year's third quarter O&M was unusually low and reflected the impacts of COVID-19, which limited in-person training and travel, delayed the hiring of new and replacement employees, and deferred various planned projects.

Nov 9, 2021 / receipt, needs a key / Greg Peterson, CFO | earnings call 2021-11-09 | transcript c46ef7e4-3d25-404a-8e7c-6b55f2ede0b0 | chars 13753-13995 | segment 13