1 Exhibit 99.1 News Release Contact: James Gherardi Corporate Communications 312-394-7417 Andrew Plenge Investor Relations 312-394-2345 EXELON REPORTS FIRST QUARTER 2024 RESULTS Earnings Release Highlights CHICAGO (May 2, 2024) — Exelon Corporation (Nasdaq: EXC) today reported its financial results for the first quarter of 2024. "Through the first quarter, Exelon is on track for another year of operational excellence while delivering on our financial guidance," said President and CEO Calvin Butler. "We are ...

Exelon Corporation (EXC) is scheduled to release first-quarter 2024 results on May 2, before market open. The company delivered an earnings surprise of 3.5% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderExelon’s first-quarter earnings are expected to have continued to benefit from its reduction in volumetric risk, as nearly 76% of its distribution revenues are decoupled.New distribution rates that were implemented ...

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Exelon Corporation (EXC) , with its investments in regulated utility operations for grid modernization and electric transmission, will enable it to serve more customers efficiently. Its revenue decoupling is expected to contribute to its performance over the long run.This Zacks Rank #3 (Hold) stock delivered an average four-quarter earnings surprise of 2.64%.  Its long-term (three to five years) earnings growth is currently pegged at 5.69%.TailwindsExelon invests substantially in infrastructure projects and ...

PPL Corporation (PPL) announced that its subsidiary Rhode Island Energy received unanimous approval from the Rhode Island Public Utilities Commission (“RIPUC”) for nearly $326 million. The planned spending between Apr 1, 2024, and Mar 31, 2025, is aimed at improving the safety and reliability of Rhode Island's electric and gas networks.The proposed spending is related to Rhode Island Energy’s annual infrastructure, safety and reliability plans for gas and electricity. It covers approximately $300 million in ...

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CHICAGO--(BUSINESS WIRE)--As directed by the Illinois Commerce Commission (ICC), ComEd today submitted to the ICC a refiled multi-year grid plan that will increase access to the benefits of clean and renewable energy in alignment with the Climate and Equitable Jobs Act (CEJA). In December of 2023, the ICC rejected ComEd’s original multi-year grid plan, requiring ComEd to file a revised grid plan in 90 days, and asking the company for a plan that includes additional focus on affordability, cost effectiveness ...

CHICAGO--(BUSINESS WIRE)--ComEd yesterday presented a proposal to the Illinois Commerce Commission (ICC) outlining a new Low-Income Discount (LID) program to help income-eligible customers manage their energy bills. The proposed program would enable qualifying customers to receive a percentage-based discount on their monthly electric bill determined by income level. Those with household incomes less than or equal to 50% of the Federal Poverty Level (FPL) will receive the greatest discount. However, customer ...

CHICAGO--(BUSINESS WIRE)--Following the honor of being named the nation’s most reliable utility in 2023, ComEd today announced that it has been recognized by Chartwell, a utility-focused research organization, with three awards for its outstanding outage management in 2023. The awards include: Gold in Emergency Management for ComEd’s Operation Power Play event, Gold in Outage Operations for ComEd’s Unmanned Aircraft System (UAS) program, and Bronze in Outage Operations for ComEd’s new Area Restoration Manag ...

CHICAGO--(BUSINESS WIRE)--Exelon (Nasdaq, EXC) announced today the retirement of Doug Brown, senior vice president and chief investment officer. Upon Brown’s retirement on July 1, 2024, Jessica Hart, currently Exelon’s vice president of Investment Strategy and Public Markets, will be promoted to senior vice president and chief investment officer. Hart will lead the team responsible for managing all of Exelon’s investment activities including pension funds, defined contribution plans and other employee benef ...