8-KOther EventsExhibits & Filings

EXELON CORP 8-K Report, Corporate Update (Feb 24, 2006)

Filed February 24, 2006For Securities:EXC

Summary

This Form 8-K filing by Exelon Corporation (EXC) on February 24, 2006, primarily announces the introduction of House Bill 5766 in the Illinois General Assembly. This bill, if enacted, could amend the Electric Service Customer Choice and Rate Relief Law of 1997, potentially impacting the regulatory environment for electricity providers in Illinois. Investors should note that Commonwealth Edison Company (ComEd), a subsidiary of Exelon, has previously issued a press release expressing opposition to potential legislation that might extend the current rate freeze in Illinois. While the specific implications of House Bill 5766 are not detailed in this filing, its introduction suggests ongoing legislative activity that could affect ComEd's future rate structures and profitability in the state.

Key Highlights

  • 1Introduction of House Bill 5766 in the Illinois General Assembly on February 24, 2006.
  • 2The bill, if enacted, could amend the Electric Service Customer Choice and Rate Relief Law of 1997.
  • 3This legislative action has the potential to alter the regulatory framework for electricity services in Illinois.
  • 4Commonwealth Edison Company (ComEd) has publicly stated its opposition to potential legislation extending the rate freeze.
  • 5The filing includes Exhibit 99.1, which is a copy of House Bill 5766.
  • 6This 8-K is a combined filing by ComEd, Exelon Corporation, and Exelon Generation Company LLC.

Frequently Asked Questions

House Bill 5766 is proposed legislation introduced in the Illinois General Assembly that, if passed, would amend the existing Electric Service Customer Choice and Rate Relief Law of 1997. The specific details of the amendments are not provided in this filing but are contained in the attached Exhibit 99.1.

The bill's potential to amend the rate relief law suggests it could impact ComEd's future rate structures and profitability in Illinois. ComEd has previously expressed opposition to legislation that might extend rate freezes, indicating concern about how such bills could affect their business operations and financial performance.

While this specific filing focuses on the introduction of the bill, a prior press release mentioned in the filing indicates that ComEd (an Exelon subsidiary) is opposed to potential legislation that might extend the rate freeze in Illinois. Investors should monitor further developments and Exelon's official statements regarding this bill.

A copy of House Bill 5766 is attached as Exhibit 99.1 to this Form 8-K filing. Investors can refer to this exhibit for the full text of the proposed legislation.