EXC SEC Filings

Exelon Corporation (EXC) has filed an 8-K Current Report on May 6, 2026, to disclose its financial results for the first quarter ended March 31, 2026. The report primarily references a press release (Exhibit 99.1) and presentation slides (Exhibit 99.2) that contain detailed financial and operational information. Investors should refer to these attached documents for the specific earnings data and management's commentary. Exelon has scheduled a conference call for the same day, May 6, 2026, at 9:00 AM CT (10:00 AM ET) to discuss these results. The company also included a standard disclaimer regarding forward-looking statements, highlighting various risks and uncertainties that could materially affect future performance. These include regulatory actions, environmental liabilities, cybersecurity risks, extreme weather events, supply chain disruptions, and economic downturns, among others. Investors are advised to review the full press release and presentation for a comprehensive understanding of the company's performance and outlook.

Exelon Corporation reported solid financial results for the first quarter of 2026, with net income attributable to common shareholders increasing to $919 million, or $0.90 per diluted share, compared to $908 million, or $0.90 per diluted share, in the first quarter of 2025. This growth was driven by favorable rate increases across several subsidiaries, including ComEd and BGE, and the absence of certain customer surcharges at PECO. The company also benefited from higher AFUDC at ComEd and favorable weather conditions. Despite these positive trends, the company experienced some headwinds. These included unfavorable impacts from the Pepco Maryland multi-year plan reconciliation, higher depreciation expenses at PECO and PHI, increased interest expenses, and higher credit loss expenses at BGE. Exelon's capital expenditures remain significant, reflecting ongoing investments in infrastructure upgrades across its service territories. The company's liquidity position remains strong, supported by operating cash flows and access to credit facilities, positioning it to continue funding its strategic initiatives.

Exelon Corporation held its Annual Meeting of Shareholders on April 28, 2026, where key corporate governance matters were presented for a vote. The results indicate strong shareholder support for the proposed slate of directors, with all nominees securing a significant majority of votes. This consistent backing for the board signifies continued confidence in the company's leadership and strategic direction. Furthermore, shareholders overwhelmingly ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2026, a crucial step in maintaining financial transparency and integrity. The advisory vote on executive compensation also received strong approval, suggesting shareholders are generally aligned with the company's approach to compensating its named executive officers. Overall, the meeting results reflect a stable shareholder base that supports the company's established governance and financial oversight.

Exelon Corporation's subsidiary, PECO Energy Company, has withdrawn its previously filed electric and gas rate proceedings with the Pennsylvania Public Utility Commission (PAPUC). This decision impacts expected capital investments and future regulatory filings, with PECO indicating that decisions will be guided by customer affordability, system reliability, and ongoing stakeholder engagement. Concurrently, the Maryland General Assembly has passed the Maryland Utility RELIEF Act, which, if signed into law, will alter the regulatory framework for cost recovery for Exelon's Maryland utilities: BGE, Pepco, and DPL. In response to these regulatory developments, Exelon plans to redeploy and delay certain capital projects and implement operational efficiencies. Despite these adjustments, the company reaffirms its 2026 Adjusted operating earnings guidance of $2.81-$2.91 per share and its expectation for cumulative annualized Adjusted operating earnings growth from 2025 to 2029 to be near the top end of its 5-7% range. Investors should note that Exelon will provide further updates during its first quarter 2026 earnings call on May 6, 2026.

Exelon Corporation (EXC) has announced the successful issuance and sale of $775 million in aggregate principal amount of its 4.950% Notes due 2036. This new debt offering is primarily intended to refinance the Company's maturing $750 million 3.400% Notes due 2026. The net proceeds, combined with existing cash, will cover the principal repayment of the maturing debt, with any remainder allocated for general corporate purposes.

Exelon Corporation's 2025 10-K filing highlights a strong financial performance with net income attributable to common shareholders increasing by $308 million year-over-year, reaching $2.768 billion, or $2.73 per diluted share. This growth was primarily driven by favorable rate increases across its key utility subsidiaries (ComEd, PECO, BGE, and PHI), improved regulatory asset returns, and lower storm costs. The company continues its strategic focus on enhancing reliability, improving customer experience, and advancing clean energy initiatives, with significant planned investments of approximately $41 billion over the next four years in infrastructure modernization. Financially, Exelon's capital structure remains robust, with approximately $4 billion in aggregate credit facility commitments providing ample liquidity. The company also successfully issued new debt and utilized its at-the-market equity program, raising $691 million in net proceeds during 2025. While facing ongoing regulatory proceedings and capital expenditures, Exelon's business model, which allows for the recovery of costs and investments through regulated rates, positions it favorably for continued stability and growth. The company also reaffirms its commitment to shareholder returns with a declared quarterly dividend of $0.42 per share for the first quarter of 2026.

Exelon Corporation has filed an 8-K on February 12, 2026, to announce its fourth-quarter and full-year 2025 financial results. The filing primarily consists of a press release (Exhibit 99.1) and presentation slides (Exhibit 99.2) that will be used during their earnings conference call. Investors should note that this report is furnished, not filed, with the SEC, meaning it is informational. The company has scheduled its earnings call for February 12, 2026, at 9:00 AM CT. The detailed financial results, operational performance, and forward-looking guidance are expected to be presented during this call. Investors are advised to review the attached exhibits for the specific financial figures and management's commentary on the company's performance and outlook. The filing also reiterates the forward-looking nature of some statements and lists potential risks and uncertainties that could impact future results, a standard disclosure for public companies.

Exelon Corporation (EXC) has filed an 8-K/A to provide an update regarding committee appointments for its Board of Directors. Specifically, David DeWalt, who was previously appointed to the Board on March 10, 2025, has now been assigned to two key committees. This filing clarifies his role and responsibilities within the Board's structure. Effective April 27, 2026, Mr. DeWalt will serve on the Talent Management and Compensation Committee and the Operations, Safety, and Customer Experience Committee. These appointments are significant as they indicate Mr. DeWalt's involvement in critical areas of corporate governance, including executive compensation, talent development, operational oversight, and customer-facing strategies. Investors should note these appointments as they reflect the company's commitment to diverse board expertise in areas directly impacting performance and shareholder value.

Exelon Corporation (EXC) announced the successful completion of a $1 billion offering of 3.25% Convertible Senior Notes due 2029. The offering, which included the full exercise of an option for additional notes, was conducted as a private placement to qualified institutional buyers under Rule 144A. These senior, unsecured notes bear a fixed interest rate of 3.25% and will mature on March 15, 2029, unless converted or repurchased earlier. The net proceeds are estimated at approximately $987.5 million and are intended for debt repayment or general corporate purposes. The conversion feature allows holders to convert notes into cash or a combination of cash and Exelon common stock, with an initial conversion rate of 17.5093 shares per $1,000 principal amount, implying an initial conversion price of approximately $57.11 per share. This conversion price represents a premium of about 25% over the stock's last reported sale price on December 1, 2025. The notes are convertible under certain conditions prior to December 15, 2028, and thereafter at the holder's option. The company may be required to repurchase notes upon a "Fundamental Change" event, with potential for increased conversion rates in the event of a "Make-Whole Fundamental Change."

Exelon Corporation (EXC) announced a significant executive leadership change effective January 1, 2026, with the departure of David Glockner, Executive Vice President, Compliance, Audit and Risk. Mr. Glockner's departure is structured under the company's Senior Management Severance Plan, indicating a departure other than for cause. This transition will lead to a realignment of responsibilities within Exelon's senior management team, aiming to integrate key oversight functions more directly with existing executive roles. In response to Mr. Glockner's departure, Exelon is expanding the roles of two key executives. Jeanne Jones, currently Executive Vice President and Chief Financial Officer, will absorb responsibility for the audit and risk departments, becoming Executive Vice President, Chief Finance Officer, Audit and Risk. Concurrently, Colette Honorable, Executive Vice President, Chief Legal Officer and Corporate Secretary, will assume oversight of the compliance department, adding the title Executive Vice President, Chief Legal Officer, Compliance and Corporate Secretary. These changes suggest a strategic effort to streamline governance and risk management functions under the purview of the CFO and CLO, respectively, which could impact operational efficiency and corporate oversight.

Exelon Corporation (EXC) has filed an 8-K report on November 24, 2025, disclosing important developments regarding a consolidated stockholder derivative action. The company announced that the United States District Court for the Northern District of Illinois granted preliminary approval for a proposed settlement of this litigation, captioned In re Exelon Corporation Derivative Litigation. This settlement, which has been a subject of ongoing discussions and mediation involving the company's Special Litigation Committee and Independent Review Committee, marks a significant step towards resolving these legal proceedings. Investors should note that the full terms of the proposed settlement are detailed in the Stipulation and Agreement of Settlement, which is an exhibit to this filing. The company is also publishing a Notice of Pendency and Proposed Settlement of Consolidated Derivative Action, as mandated by the court's preliminary approval order. While this filing provides an update on the legal matter, it's important to understand that this information is furnished under Regulation FD and is not deemed "filed" for purposes of certain securities laws, nor does it constitute an admission of materiality.

Exelon Corporation (EXC) has announced a temporary suspension of trading for participants in its Employee Savings Plan (ESP) due to a vendor change. This "blackout period" is scheduled to commence on December 3, 2025, and is expected to conclude around December 22, 2025. During this time, participants will be unable to make changes to contributions, investments, loans, or withdrawals within their ESP accounts. Furthermore, in compliance with Sarbanes-Oxley Act regulations, Exelon has also notified its directors and executive officers of a trading prohibition on Exelon common stock and related derivative securities. This prohibition applies to any shares or securities acquired in connection with their service or employment and will be in effect during the same Plan Blackout Period. Investors should be aware of these temporary restrictions on employee and insider trading activity.

Exelon Corporation (EXC) filed an 8-K on November 4, 2025, announcing its financial and operational results for the third quarter ended September 30, 2025. The filing includes a press release and presentation slides, made available for investors to review and discuss during their scheduled earnings conference call. While the specific financial figures for the quarter are not detailed within the 8-K text itself, the report signifies Exelon's commitment to transparent and timely communication with its stakeholders. Investors are directed to the attached exhibits for the comprehensive earnings details and future outlook. The report also reiterates a standard cautionary note regarding forward-looking statements, highlighting various risks and uncertainties that could materially impact future performance, including regulatory actions, market conditions, and operational challenges.

Exelon Corporation reported strong financial results for the nine months ended September 30, 2025, with net income attributable to common shareholders increasing by $361 million to $2,174 million compared to the same period in 2024. Diluted earnings per share also saw a significant rise to $2.15 from $1.81. This improvement was driven by favorable rate impacts across its key utility subsidiaries, including ComEd, PECO, BGE, and PHI, along with lower storm costs and improved regulatory asset returns. The company has also managed its debt effectively, issuing $4.9 billion in long-term debt while retiring $807 million. Looking ahead, Exelon continues to invest heavily in its infrastructure, with capital expenditures for plant additions and improvements estimated at $8.975 billion for 2025 across its various segments. The company maintains a robust liquidity position with access to significant credit facilities, and its dividend policy remains stable at $0.40 per share quarterly. While facing ongoing regulatory proceedings and potential environmental remediation costs, Exelon's management is focused on navigating these challenges and maintaining operational efficiency.

Exelon Corporation (EXC) reported solid financial results for the six months ended June 30, 2025. Net income attributable to common shareholders increased to $1.300 billion from $1.106 billion in the same period of 2024, reflecting a favorable impact from rate increases across its utility segments, particularly ComEd, PECO, BGE, and PHI. These rate adjustments, coupled with timing benefits in distribution earnings and regulatory asset returns at ComEd, significantly contributed to the year-over-year improvement. Despite an increase in interest expenses and storm costs impacting some subsidiaries, overall operational performance was strong. The company also continued to invest heavily in its infrastructure, with capital expenditures for plant additions and improvements totaling $3.96 billion for the six months ended June 30, 2025. Exelon's liquidity position remains robust, supported by substantial credit facilities and positive operating cash flows, enabling continued investment in grid modernization and reliability. The company reaffirms its commitment to shareholder returns, having declared a quarterly dividend of $0.40 per share.

Exelon Corporation (EXC) has filed a Form 8-K on July 31, 2025, to report its second-quarter financial results for the period ended June 30, 2025. This filing primarily consists of a press release (Exhibit 99.1) and presentation slides (Exhibit 99.2) that were used during the company's earnings conference call. These documents provide the details of Exelon's performance and outlook for the quarter, including any material updates that may affect the company's financial condition or results of operations. Investors are encouraged to review the attached exhibits for comprehensive information, as the 8-K itself is a notification filing referencing these more detailed disclosures. The company has also included standard cautionary language regarding forward-looking statements, highlighting various risks and uncertainties that could impact future performance.

Exelon Corporation (EXC) filed an 8-K on May 5, 2025, detailing the results of its Annual Meeting of Shareholders held on April 29, 2025. The filing indicates strong shareholder support for the re-election of all director nominees, with each receiving over 94% of the votes cast. Additionally, shareholders overwhelmingly ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2025 and approved, on an advisory basis, the compensation of the Company's named executive officers, with both proposals receiving approximately 90% of the votes cast in favor. The voting outcomes suggest broad alignment between management and shareholders on corporate governance and executive compensation matters. The high approval margins for director elections and auditor ratification provide a stable foundation for the company's ongoing operations and strategic initiatives. Investors can take comfort in the demonstrated shareholder confidence in the Board of Directors and the company's financial oversight.

Exelon Corporation has entered into an Equity Distribution Agreement establishing an at-the-market (ATM) equity distribution program. This allows the company to offer and sell up to $2.5 billion of its common stock over time through a syndicate of sales agents. The program also includes provisions for forward sale agreements, where Exelon may receive proceeds upon future settlement of these arrangements. This strategic move provides Exelon with significant financial flexibility to access capital. The proceeds are intended for general corporate purposes, including debt repayment. While the company has the option to sell shares, it is not obligated to do so, and can suspend or terminate the program at any time. The offering is being made under Exelon's existing shelf registration statement.

Exelon Corporation reported a strong first quarter for 2025, with net income attributable to common shareholders increasing significantly to $908 million, or $0.90 per diluted share, compared to $658 million, or $0.66 per diluted share, in the first quarter of 2024. This represents a substantial year-over-year improvement driven by favorable regulatory rate increases across its utility segments, particularly at ComEd, PECO, BGE, and PHI, coupled with more normalized weather conditions compared to the prior year. Operating revenues also saw a healthy increase, reaching $6,714 million for the quarter, up from $6,043 million in the prior year's first quarter, reflecting the positive impact of rate adjustments and improved customer delivery volumes. The company's operational performance was robust across its subsidiaries, with ComEd, PECO, and Pepco showing notable revenue growth. Capital expenditures remained significant, totaling $1,942 million for the period, primarily directed towards infrastructure investments aimed at enhancing grid reliability and resilience. Exelon's liquidity position remains strong, supported by available credit facilities and robust operating cash flows, allowing for consistent dividend payments to shareholders and continued investment in its utility assets.

Exelon Corporation (EXC) has filed a Form 8-K on May 1, 2025, to report its financial results for the first quarter ended March 31, 2025. This filing primarily includes the press release and presentation slides related to the earnings announcement and conference call. While the specific financial figures and performance metrics are not detailed within the text of the 8-K itself, these documents (Exhibits 99.1 and 99.2) are crucial for investors seeking to understand the company's performance, operational highlights, and forward-looking guidance. The report emphasizes that the information is furnished, not filed, and contains forward-looking statements subject to various risks and uncertainties. Investors should carefully review the attached press release and presentation for detailed financial outcomes, management commentary, and any strategic updates. The company has scheduled a conference call for May 1, 2025, to discuss these results further.

Exelon Corporation announced a significant addition to its Board of Directors with the immediate appointment of David DeWalt as an independent director, effective March 10, 2025. This move signals a potential enhancement to the company's governance and strategic oversight. While Mr. DeWalt's committee assignments are pending, his appointment as an independent director is a key development for shareholders to monitor as it could influence future board decisions and committee focus areas. Investors should anticipate further details regarding his specific contributions and committee roles in upcoming filings.

Exelon Corporation (EXC) has filed an 8-K report detailing the issuance and sale of $1.0 billion in aggregate principal amount of notes. This issuance includes $500 million of 5.125% Notes due 2031 and $500 million of 5.875% Notes due 2055. The net proceeds from this offering, along with existing cash, will be utilized to repay approximately $464 million of outstanding commercial paper borrowings. The remaining proceeds are allocated for general corporate purposes, indicating a strategic move to refinance existing debt and strengthen the company's balance sheet.

Exelon Corporation (EXC) announced the successful closing of a public offering and sale of $1 billion in aggregate principal amount of its 6.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 on February 19, 2025. The net proceeds, approximately $990 million after underwriting discounts, will be used by the company. These notes carry a fixed interest rate of 6.500% until March 15, 2035, after which the rate will reset every five years based on the Five-year U.S. Treasury Rate plus a spread of 1.975%. Key features of these junior subordinated notes include the company's option to defer interest payments under certain conditions and the possibility of redemption by Exelon. This issuance represents a significant financing event for Exelon, aimed at funding its operations or strategic initiatives. Investors should note the subordinated nature of these notes, their long maturity, and the variable interest rate component after the initial fixed period.

Exelon Corporation (EXC) has filed a Form 8-K on February 12, 2025, to announce its fourth-quarter and full-year 2024 financial results. The filing primarily consists of a press release and presentation slides, serving as a disclosure mechanism under Regulation FD and for reporting financial outcomes. Investors should note that this report does not contain detailed financial statements but rather directs them to accompanying exhibits for the specific earnings data and forward-looking statements. Exelon has scheduled an investor call for the same day to discuss these results and expects to provide further insights into its operational and financial performance. The company also reiterates standard cautionary statements regarding forward-looking information, emphasizing the inherent risks and uncertainties associated with its business, including regulatory, environmental, and market factors.

Exelon Corporation's (EXC) 2025 10-K filing details its primary operations as a utility services holding company, focusing on the transmission and distribution of electricity and natural gas across its six reportable segments: ComEd, PECO, BGE, Pepco, DPL, and ACE. The company's strategy centers on enhancing reliability, improving customer experience, and advancing clean energy initiatives, underpinned by significant capital investments in infrastructure modernization. Exelon reported a notable increase in net income attributable to common shareholders from continuing operations in 2024 compared to 2023, driven by favorable rate increases and operational efficiencies across several subsidiaries. Key financial and operational aspects highlighted include substantial planned capital expenditures of approximately $38 billion over the next four years, aimed at grid modernization and resilience. The company is also actively engaged in environmental initiatives, supporting clean energy policies and aiming to reduce GHG emissions as part of its 'Path to Clean' goal. Regulatory matters remain a significant factor, with Exelon navigating various rate case proceedings and compliance requirements across its jurisdictions, while managing risks related to regulatory changes and operational factors such as cybersecurity and extreme weather events.

Exelon Corporation (EXC) announced a key leadership transition effective January 1, 2025, impacting its Chief Legal Officer and Corporate Secretary role. Gayle Littleton will be stepping down from her executive vice president, chief legal officer, and corporate secretary positions. She will transition to a Senior Advisor role to the CEO until her departure from the company on March 31, 2025. Ms. Littleton's departure is expected to follow the terms of the Senior Management Severance Plan for a termination not for cause. Colette Honorable, currently Executive Vice President of Public Policy and Chief External Affairs Officer, will assume expanded responsibilities to include leadership of the legal department, taking on the role of Chief Legal Officer and Corporate Secretary. Ms. Honorable will continue to oversee federal policy, regulatory affairs, and corporate giving, consolidating significant oversight under one executive. The company also issued a press release on December 3, 2024, detailing this executive leadership team consolidation.

Exelon Corporation (EXC) filed an 8-K on October 30, 2024, to report its third-quarter financial results for the period ended September 30, 2024. This filing includes a press release and presentation slides from their earnings conference call, both furnished as exhibits. While the specific financial figures are not detailed within the 8-K text itself, the report signals that Exelon has shared its Q3 2024 performance with investors and the market. Investors should note that this report primarily serves as a notification of the earnings release and the availability of associated materials. The detailed financial performance, including revenue, earnings per share, and operational metrics, will be found in the attached Exhibit 99.1 (press release) and Exhibit 99.2 (presentation slides). The company has scheduled a conference call to discuss these results further, offering an opportunity for investors to gain deeper insights and ask questions.

Exelon Corporation reported solid financial results for the nine months ended September 30, 2024, with net income attributable to common shareholders increasing by $102 million to $1.81 billion compared to the same period in 2023. Diluted earnings per share also saw an increase to $1.81 from $1.72. This growth was driven by favorable impacts from rate increases across its utility segments, particularly at BGE and PHI, alongside improved regulatory asset returns at ComEd and a reduction in storm costs at PHI. Operationally, Exelon's core utility businesses, including ComEd, PECO, BGE, Pepco, DPL, and ACE, demonstrated resilience. While higher interest expenses and increased credit loss provisions presented headwinds, the company's strategic focus on infrastructure investment and regulatory proceedings appears to be paying off. Several key rate case filings were completed and pending, indicating ongoing efforts to manage costs and recover investments. Exelon also continued to pursue funding opportunities under the Infrastructure Investment and Jobs Act, securing significant grant recommendations for grid modernization and resilience projects.

Exelon Corporation (EXC) and its key utility subsidiaries, including Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas & Electric Company (BGE), and the PHI Utilities (Pepco, Delmarva Power & Light, and Atlantic City Electric), have entered into five-year amended and restated revolving credit facilities. These new agreements, executed on August 29, 2024, with JPMorgan Chase Bank as the administrative agent, collectively provide substantial liquidity to support commercial paper issuances and letter of credit requirements across the Exelon enterprise. The total aggregate commitment across these facilities amounts to $4.1 billion, offering financial flexibility and ensuring ongoing operational support. These credit facilities are crucial for maintaining the financial health and operational capacity of Exelon and its regulated utilities. The renewed agreements maintain covenants and events of default largely consistent with prior arrangements, indicating a stable credit framework. The five-year tenor, with provisions for one-year extensions, provides a predictable financing horizon. Investors should view these updated credit facilities as a positive step in reinforcing the companies' access to capital, which is essential for their capital-intensive utility operations and ongoing investments in infrastructure and energy services.

Exelon Corporation reported a net income of $448 million for the three months ended June 30, 2024, a notable increase from $343 million in the same period last year. Diluted earnings per share also improved to $0.45 from $0.34. For the six months ended June 30, 2024, net income was $1.106 billion, up from $1.012 billion in the prior year period, with diluted EPS rising to $1.10 from $1.02. The company's performance was driven by favorable rate increases across several operating segments, including BGE and PHI, improved weather conditions impacting PECO, and positive regulatory outcomes such as reconciliations at Pepco. Higher transmission peak loads, particularly at ComEd due to increased energy demand, also contributed to the improved results. These positive factors were partially offset by higher interest expenses across several subsidiaries and Exelon Corporate, as well as increased depreciation expenses at PECO and PHI. From a liquidity and capital resources perspective, Exelon maintained strong operating cash flows and had access to credit markets and revolving credit facilities, indicating a stable financial position. The company continues to make significant capital investments in infrastructure, with projected capital expenditures for 2024 totaling $7.425 billion across its operating companies, aimed at grid modernization and reliability.

Exelon Corporation (EXC) has filed an 8-K report on August 1, 2024, to announce its second-quarter 2024 financial results. The filing includes a press release (Exhibit 99.1) and presentation slides (Exhibit 99.2) for the earnings conference call. While the 8-K itself does not provide specific financial figures, it directs investors to these attached exhibits for detailed operational and financial performance data for the quarter ended June 30, 2024. Investors should refer to the press release and presentation slides for comprehensive insights into Exelon's earnings, performance metrics, and outlook. The company has scheduled a conference call for August 1, 2024, to discuss these results further, with registration details available on their Investor Relations website. The filing also contains standard forward-looking statements and disclaimers regarding the inherent risks and uncertainties associated with future projections.

This 8-K filing from Exelon Corporation details the results of their Annual Meeting of Shareholders held on April 30, 2024. The key takeaway for investors is the strong shareholder support for the company's proposed actions, including the election of all director nominees, the ratification of PricewaterhouseCoopers LLP as the independent auditor, and the approval of executive compensation on an advisory basis. Additionally, shareholders approved an amendment to the Articles of Incorporation to allow for a 25% ownership threshold to call a special meeting, indicating broad agreement with the company's governance and operational direction. Notably, a shareholder proposal advocating for a lower threshold to call special meetings was not approved. This suggests that the majority of shareholders are comfortable with the current or newly amended structure for special meeting calls, reflecting confidence in the board's ability to manage shareholder engagement. The overwhelming approval percentages across most proposals underscore a positive sentiment among shareholders regarding Exelon's leadership and its strategic path forward.

Exelon Corporation reported solid financial results for the first quarter of 2024, with net income attributable to common shareholders of $658 million, a slight decrease from $669 million in the prior year period. Diluted earnings per share were $0.66, consistent with the previous year. The company's operating revenues increased to $6,043 million from $5,563 million, driven by higher electric operating revenues across its subsidiaries, particularly ComEd. Despite increased interest expenses and storm costs impacting some subsidiaries, the company benefited from rate increases at BGE and PHI, and less unfavorable weather impacts at PECO. Capital expenditures remained significant, totaling $1,767 million, primarily for infrastructure improvements. The company maintained a strong liquidity position with substantial cash and cash equivalents. Exelon's regulatory filings indicate ongoing efforts to recover capital investments through rate cases, with several completed and pending proceedings across its operating territories. These regulatory actions are crucial for future earnings potential and managing the significant capital expenditure program.

Exelon Corporation filed an 8-K on May 2, 2024, to announce its first-quarter 2024 financial results. The filing primarily consists of a press release (Exhibit 99.1) and presentation slides (Exhibit 99.2) for the earnings conference call. These documents provide details on the company's operational and financial performance for the quarter ended March 31, 2024. While the 8-K itself does not contain the detailed financial tables, it directs investors to the attached exhibits for this information and mentions the scheduled earnings call for further discussion. Investors should review the attached press release and presentation for specific financial metrics, operational updates, and management's outlook. The filing also includes standard cautionary language regarding forward-looking statements, reminding investors that actual results may differ due to various risks and uncertainties detailed in Exelon's other SEC filings, including their 2023 10-K and the forthcoming Q1 2024 10-Q.

This 8-K/A filing from Exelon Corporation primarily serves to update information previously disclosed regarding the appointment of Bryan Segedi to the Board of Directors. While Mr. Segedi's election was effective January 1, 2024, this amendment clarifies his committee assignments. Investors should note that Mr. Segedi will be appointed to the Audit and Risk Committee, effective April 30, 2024.

On February 27, 2024, Exelon Corporation (EXC) announced a significant debt financing transaction, issuing $1.7 billion in aggregate principal amount of senior notes. This issuance includes $650 million of 5.150% notes due 2029, $650 million of 5.450% notes due 2034, and an additional $400 million of 5.600% notes due 2053. The company entered into a Seventh Supplemental Indenture to facilitate this issuance, amending its existing Base Indenture. The primary purpose of this debt issuance is to refinance existing obligations. Specifically, a portion of the net proceeds will be used to repay $500 million of a term loan maturing in April 2024 and approximately $689 million of commercial paper borrowings. This strategic refinancing aims to manage the company's debt maturity profile and potentially reduce borrowing costs given the stated interest rates on the commercial paper. The remaining proceeds are designated for general corporate purposes, providing Exelon with financial flexibility.

Exelon Corporation's (Exelon) 2023 Form 10-K details its operations as a utility services holding company primarily engaged in the energy transmission and distribution businesses through its six regulated utility operating companies: ComEd, PECO, BGE, Pepco, DPL, and ACE. Following the separation of its generation business into Constellation Energy Corporation on February 1, 2022, Exelon is now solely focused on its utility operations. The company's strategy centers on improving reliability, enhancing customer experience, and advancing clean energy choices, supported by regulatory mechanisms that ensure fair financial returns on significant capital investments. Exelon is undertaking substantial capital investments, with approximately $35 billion planned over the next four years to modernize its electric and natural gas infrastructure, including smart grid technology and storm hardening. These investments are projected to increase its rate base by approximately $19 billion by the end of 2027. The company is committed to its "Path to Clean" goal to reduce operations-driven GHG emissions by 50% by 2030 (against a 2015 baseline) and reach net-zero operations-driven GHG emissions by 2050, while also supporting customers in their decarbonization efforts through significant energy efficiency programs. Despite these initiatives, Exelon faces ongoing regulatory proceedings and risks related to market, legislative, operational, and cybersecurity factors, which are detailed in the filing.

Exelon Corporation (EXC) filed an 8-K on February 21, 2024, to report its fourth-quarter and full-year 2023 financial results. While the 8-K itself does not contain the specific financial figures, it serves as notification that the company has released its earnings, accompanied by a press release (Exhibit 99.1) and presentation slides (Exhibit 99.2). These documents detail the company's operational and financial performance for the period ending December 31, 2023. Investors should refer to the press release and presentation slides for detailed financial metrics, performance analysis, and forward-looking statements. The 8-K emphasizes that these disclosures are furnished, not filed, and include forward-looking statements subject to risks and uncertainties as outlined in previous SEC filings. Exelon has scheduled a conference call for February 21, 2024, to discuss these results, providing an opportunity for investors and media to engage with management.

Exelon Corporation (EXC) announced a significant executive transition effective April 1, 2024. Michael Innocenzo, currently President and CEO of PECO Energy Company, will be promoted to Executive Vice President and Chief Operating Officer of Exelon. This move brings a seasoned executive with extensive experience at PECO, including his recent role since 2018, into a key operational leadership position at the parent company. In conjunction with his new role, Mr. Innocenzo's compensation package has been detailed, including a base salary of $685,000, an annual incentive target of 90% of his base salary, and a long-term incentive target valued at $1,765,000. The long-term incentives will comprise performance share awards and restricted stock units, with payouts contingent on achieving pre-established performance targets. Additionally, Mr. Innocenzo will be appointed to the Board of Directors of Commonwealth Edison Company (ComEd), while current CEO Calvin G. Butler, Jr. will step down from the ComEd board. David Velazquez will transition from his role as EVP of Utility Operations and Technology to become the new President and CEO of PECO.

This 8-K filing provides updates on regulatory decisions impacting Exelon's subsidiaries, Commonwealth Edison (ComEd) and Baltimore Gas and Electric (BGE), regarding their multi-year rate plans. For ComEd, the Illinois Commerce Commission (ICC) issued a modified order approving lower revenue increases than initially requested and rejected ComEd's Grid Plan, requiring a resubmission. The approved rate increases are significantly reduced, and ComEd plans to seek rehearing on several key issues, including the Return on Equity (ROE) and capital structure. For BGE, the Maryland Public Service Commission (MDPSC) approved revenue increases for both electric and gas services that are lower than requested but represent a notable increase for customers. Both subsidiaries received lower ROEs than proposed. Despite these regulatory outcomes, Exelon reaffirms its 2023 adjusted earnings per share guidance.

This 8-K filing from Exelon Corporation (EXC) on December 8, 2023, provides an update on committee assignments for recently elected Board of Directors members. Specifically, Charisse Lillie has been appointed to the Talent Management and Compensation Committee, while Matthew Rogers and Anna Richo have both been appointed to the Audit and Risk Committee. These appointments follow their initial election to the Board in April and August of 2023, respectively. Investors should note that these committee assignments are a routine governance update. The Talent Management and Compensation Committee oversees executive compensation and human capital matters, while the Audit and Risk Committee plays a critical role in financial oversight, internal controls, and risk management. The additions to these key committees reflect the ongoing evolution of Exelon's governance structure.

Exelon Corporation announced a change to its Board of Directors via an 8-K filing on December 6, 2023. The Board's size has been increased to ten members, and Bryan Segedi has been elected as a director, effective January 1, 2024. Mr. Segedi will serve until the 2024 annual meeting of shareholders. This appointment brings fresh perspectives to the board as the company navigates the evolving energy landscape. Investors should note that the specific committee assignments for Mr. Segedi are yet to be determined, and his compensation will align with the standard director compensation as previously disclosed in Exelon's proxy statements.

Exelon Corporation (EXC) filed an 8-K on November 2, 2023, to report its third-quarter 2023 financial results and related materials. The filing includes a press release (Exhibit 99.1) detailing the company's performance and presentation slides (Exhibit 99.2) for its earnings conference call. This report serves to inform investors about the company's operational and financial condition for the period ended September 30, 2023. While the specific financial figures are not detailed within the 8-K text itself, the filing indicates that detailed results and operational updates are provided in the attached exhibits. The company also provided information on its upcoming earnings conference call, scheduled for November 2, 2023, allowing investors to participate and ask questions. The filing also includes standard forward-looking statement disclaimers, cautioning investors about the inherent risks and uncertainties in such projections.

Exelon Corporation reported improved financial results for the nine months ended September 30, 2023, compared to the same period in the prior year, with net income attributable to common shareholders from continuing operations increasing by $89 million to $1.711 billion, or $1.72 per diluted share. This growth was driven by higher electric distribution formula rate earnings across its utility segments, particularly ComEd, attributed to increased allowed rates of return on equity (ROE) due to rising U.S. Treasury rates and higher rate bases. Favorable impacts from rate increases at PECO, BGE, and PHI, along with carrying costs for ComEd's Carbon Mitigation Credit (CMC) regulatory assets, also contributed positively. Despite these improvements, some subsidiaries, like PECO, BGE, and PHI, experienced increased operating expenses due to higher storm costs, depreciation, and interest expenses, partially offsetting the overall gains. Liquidity remains strong, supported by substantial capital expenditure programs focused on infrastructure improvements and grid resilience, funded through a combination of operating cash flows and access to capital markets. Exelon continues to manage its market risks through established policies and the use of derivative instruments, primarily for commodity price and interest rate risk mitigation. The company is actively engaged in various regulatory proceedings, including base rate case filings and transmission formula rate updates, which are critical for future revenue and earnings. The company also highlighted progress in securing federal funding for grid modernization and resilience initiatives under the Infrastructure Investment and Jobs Act.

Exelon Corporation and its subsidiary Commonwealth Edison Company have reached a settlement with the Securities and Exchange Commission (SEC), bringing to a close an investigation that began in July 2020. This settlement resolves all outstanding matters related to conduct previously disclosed in a deferred prosecution agreement that Commonwealth Edison successfully exited in July 2023. Under the terms of the settlement, the companies have agreed to pay a civil penalty of $46.2 million. Exelon had already accrued this amount in the second quarter of 2023, meaning it has no unexpected financial impact on current or future reported earnings. The SEC's order acknowledges the companies' full cooperation and the significant enhancements made to their compliance programs.

Exelon Corporation reported solid financial results for the second quarter and first half of 2023. For the three months ended June 30, 2023, net income attributable to common shareholders from continuing operations was $343 million, or $0.34 per diluted share, compared to $465 million, or $0.47 per diluted share, in the prior year period. This decrease was primarily attributed to higher interest expenses, unfavorable weather impacts at PECO, and increased depreciation at PECO, partially offset by favorable rate increases across several subsidiaries and higher electric distribution formula rate earnings. For the six months ended June 30, 2023, net income attributable to common shareholders from continuing operations increased to $1,012 million, or $1.02 per diluted share, compared to $946 million, or $0.96 per diluted share, in the prior year period. This improvement was driven by rate increases, higher electric distribution formula rate earnings, and lower Business Support Company (BSC) costs impacting continuing operations, with partial offsets from unfavorable weather, higher interest expenses, and increased environmental liabilities. Adjusted (non-GAAP) operating earnings provided a clearer view of ongoing operational performance, showing $0.41 per diluted share for Q2 2023 compared to $0.44 in Q2 2022, and $1.11 per diluted share for the first six months of 2023 compared to $1.08 in the same period last year. These figures exclude certain items such as mark-to-market impacts, environmental liability changes, SEC matter loss contingencies, and separation costs. Capital expenditures for the first six months of 2023 totaled $3.7 billion, largely in line with prior year investments, supporting infrastructure improvements across Exelon's utility operations.

Exelon Corporation (EXC) filed an 8-K on August 2, 2023, to announce its second quarter 2023 financial results. The filing primarily consists of a press release (Exhibit 99.1) and presentation slides (Exhibit 99.2) detailing the company's performance and outlook. While the 8-K itself does not contain the detailed financial figures, it directs investors to the press release and upcoming 10-Q filing for comprehensive information. Key takeaways for investors revolve around the company's operational and financial performance for the quarter, which will be discussed in greater detail during the scheduled earnings conference call. The filing also reminds investors about the inherent risks and uncertainties associated with forward-looking statements, encouraging them to refer to previously filed reports and the upcoming 10-Q for a complete understanding of potential risks and material factors.

Exelon Corporation (EXC) announced a change to its Board of Directors on July 27, 2023, via an 8-K filing. The size of the board was increased to nine members with the election of Anna Richo as a director, effective August 1, 2023. Ms. Richo will serve until the 2024 annual meeting of shareholders and will receive standard director compensation. This board expansion and appointment suggest a strategic move by Exelon, potentially to bring in new expertise or perspectives as the company navigates its operational and financial landscape. Investors should monitor future filings for committee assignments and any strategic shifts associated with Ms. Richo's inclusion on the board.

This 8-K filing by Exelon Corporation (EXC) on June 16, 2023, details the proposed settlement of derivative lawsuits filed by shareholders. These lawsuits, stemming from conduct related to ComEd's July 2020 Deferred Prosecution Agreement with the Department of Justice, alleged breaches of fiduciary duties by current and former Exelon and ComEd officers, employees, and directors, as well as third parties. The company's Special Litigation Committee (SLC), appointed in 2021, has been investigating these claims and has reached an agreement in principle with the plaintiffs.

Exelon Corporation (EXC) filed an 8-K report on June 15, 2023, primarily announcing a change in its principal accounting officer. Joseph R. Trpik Jr., Senior Vice President, Corporate Controller, and principal accounting officer, will depart the company on June 29, 2023. This executive transition is noted as the key event in the filing. Effective June 30, 2023, Robert A. Kleczynski, currently Senior Vice President and General Tax Officer, will assume the expanded role of Senior Vice President, Corporate Controller, and Tax, also serving as the principal accounting officer. His compensation package for this new role has been detailed, including a base salary, annual incentive target, and long-term incentive awards, which align with the company's existing incentive plans.