Summary
Exelon Corporation (EXC) filed a Form 8-K on November 2, 2009, primarily to disclose its 2010 adjusted operating earnings guidance. The company expects adjusted earnings per share to be in the range of $3.60 to $4.00 for the upcoming year. This guidance was presented at the Edison Electric Institute Financial Conference and is considered a key forward-looking statement from the company regarding its financial performance expectations. Investors should note that this guidance is based on non-GAAP measures and is subject to various risks and uncertainties. The company explicitly warns that actual results could differ materially from these projections, citing factors detailed in its previous SEC filings. The 8-K also serves as a filing vehicle for presentation materials related to the conference.
Key Highlights
- 1Exelon announced its 2010 adjusted (non-GAAP) operating earnings guidance of $3.60 to $4.00 per share.
- 2The guidance was provided during participation in the Edison Electric Institute Financial Conference on November 2-3, 2009.
- 3Presentation slides and handouts used at the conference were attached as Exhibit 99.1 to the Form 8-K.
- 4The report is filed under Regulation FD, indicating public disclosure of material information.
- 5Exelon explicitly states that the forward-looking statements are subject to risks and uncertainties.
- 6The company refers to its 2008 10-K and Q3 2009 10-Q for detailed risk factors and other information.
- 7The filing includes multiple Exelon subsidiaries: Exelon Generation Company, LLC, Commonwealth Edison Company, and PECO Energy Company.