Summary
This filing is an amendment to a previous 8-K report filed by Exelon Corporation (Exelon) and its subsidiary Baltimore Gas and Electric Company (BGE) on November 6, 2015. The amendment specifically corrects a reporting error regarding the requested rates of return within the application filed with the Maryland Public Service Commission. The original report inaccurately stated the requested rates of return on equity, and this amendment provides the correct figures. Investors should note that the core information about the rate increase application remains the same, with BGE seeking increases to its electric and gas distribution rate bases totaling $135.2 million and $77.8 million, respectively. The critical correction pertains to the proposed rates of return on equity, which are now accurately reported as 10.6% for electric distribution and 10.5% for gas distribution, a significant adjustment from the previously reported figures. This clarification is important for understanding the potential profitability and financial implications of the regulatory filing for BGE.
Key Highlights
- 1Amendment to a previously filed 8-K regarding a rate increase application by BGE.
- 2Correction of the requested rates of return on equity in the Maryland Public Service Commission application.
- 3BGE is seeking an increase of $135.2 million to its electric distribution rate base.
- 4BGE is seeking an increase of $77.8 million to its gas distribution rate base.
- 5The corrected requested rate of return on equity for electric distribution is 10.6%.
- 6The corrected requested rate of return on equity for gas distribution is 10.5%.
- 7All other information disclosed in the original report remains unchanged.