8-KRegulation FDExhibits & Filings

EXELON CORP 8-K Report, Regulation FD Disclosure (Dec 19, 2007)

Filed December 19, 2007For Securities:EXC

Summary

Exelon Corporation (EXC) filed this 8-K on December 19, 2007, to provide updates during its annual investor conference. The company reaffirmed its full-year 2007 adjusted operating earnings guidance of $4.15 to $4.30 per share, indicating a likely performance at the upper end of this range. Exelon also revised its 2007 GAAP earnings guidance to $4.05 to $4.20 per share and reaffirmed its adjusted operating earnings guidance for 2008, along with providing its 2008 GAAP earnings guidance. In addition to financial guidance, Exelon announced a 14% increase in its first-quarter 2008 regular dividend to $0.50 per share. Furthermore, the Board of Directors authorized a new share repurchase program of up to $500 million, adding to a previously executed $1.25 billion repurchase in September 2007. This demonstrates a continued commitment to returning value to shareholders through dividends and share buybacks, with potential for further repurchases in 2008.

Key Highlights

  • 1Reaffirmed 2007 adjusted operating earnings guidance of $4.15 - $4.30 per share, with results expected at the upper end.
  • 2Revised 2007 GAAP earnings guidance to $4.05 - $4.20 per share.
  • 3Reaffirmed 2008 adjusted operating earnings guidance and provided 2008 GAAP earnings guidance.
  • 4Announced a 14% increase in the Q1 2008 regular dividend to $0.50 per share.
  • 5Authorized a new $500 million share repurchase program, in addition to a prior $1.25 billion repurchase.
  • 6Indicated potential for additional share repurchases in 2008, subject to cash availability and board approval.
  • 7The report includes attachments of a press release, presentation slides, and supplemental information for investors.

Frequently Asked Questions

Exelon reaffirmed its adjusted operating earnings guidance for 2007 to be in the range of $4.15 to $4.30 per share, with management expecting actual results to be at the upper end of this range. The GAAP earnings guidance was revised to $4.05 to $4.20 per share.

Exelon announced a 14% increase in its first-quarter 2008 regular dividend to $0.50 per share. Additionally, the company's board authorized a new share repurchase program of up to $500 million, supplementing the significant repurchase executed earlier in 2007.

Yes, Exelon stated that additional share repurchases may be authorized by the board of directors later in 2008, in line with its value return policy, based on the availability of cash and other factors. The current $500 million program allows for flexibility in timing and methods of repurchase.

This 8-K filing includes Exhibit 99.1 (Press Release), Exhibit 99.2 (Presentation Slides for the investor conference), and Exhibit 99.3 (Supplemental Information made available to investors).