Summary
Exelon Corporation announced on October 3, 2003, its intention to acquire British Energy's 50% interest in AmerGen Energy Co. LLC. This strategic move is projected to provide an incremental earnings accretion of approximately $0.10 per share in 2004, assuming a 50/50 debt and equity funding structure and closing within the first quarter. The current 2004 operating earnings guidance does not incorporate this expected accretion. Investors should note that this transaction's financial impact, specifically the $0.10 per share accretion, is subject to forward-looking statements and related risks. Exelon plans to update its 2004 earnings guidance when it releases its third quarter results, providing further clarity on the financial implications of this acquisition.
Key Highlights
- 1Exelon Corporation is acquiring British Energy's 50% stake in AmerGen Energy Co. LLC.
- 2The transaction is expected to contribute approximately $0.10 per share in incremental earnings for 2004.
- 3This accretion is contingent on the transaction closing in the first quarter and a 50/50 debt/equity funding mix.
- 4Exelon's current 2004 operating earnings guidance does not include this expected accretion.
- 5The company will update its 2004 earnings guidance upon announcing Q3 earnings.
- 6The filing contains forward-looking statements subject to risks and uncertainties.
- 7This report is filed jointly by Exelon Corporation and Exelon Generation Company, LLC.