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 ...

CHICAGO--(BUSINESS WIRE)--The Smart Energy Consumer Collaborative (SECC) today named ComEd one of just six electric utilities in the U.S. and Canada to receive its 2024 Best Practices Awards. The SECC recognized ComEd with its Consumer Education Award for launching a series of Powering Lives Resource Fairs last year that helped connect thousands of low-income customers to bill-assistance, energy-management programs, health screenings, job training and other support options. In 2023, ComEd collaborated with ...

Exelon (EXC) reported $5.37 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15%. EPS of $0.60 for the same period compares to $0.43 a year ago.The reported revenue represents a surprise of +9.44% over the Zacks Consensus Estimate of $4.91 billion. With the consensus EPS estimate being $0.58, the EPS surprise was +3.45%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

$1.44 $1.52 2023A 2024E 5-7% (1) Includes after-tax interest expense associated with debt held at Corporate. (2) Reflects 2023 original earnings guidance based on expected average outstanding shares of 996M. ComEd's 2023E original earnings guidance was based on a forward 30-year Treasury yield as of 1/31/2023. (3) 2024E earnings guidance based on expected average outstanding shares of 1,003M. (4) Aggregate amount of dividends to be paid quarterly and are subject to approval by Board of Directors. (5) Based ...

Exelon Corporation’s (EXC) fourth-quarter 2023 earnings of 60 cents per share surpassed the Zacks Consensus Estimate of 58 cents by 3.4%. Earnings increased 39.5% from the year-ago level of 43 cents.Full-year 2023 adjusted earnings were $2.38 per share, up 4.8% from the previous year’s figure of $2.27.On a GAAP basis, fourth-quarter earnings were 62 cents per share compared with 43 cents in the year-ago quarter.Total RevenuesExelon's fourth-quarter total revenues of $5.4 billion surpassed the Zacks Consensu ...

Exelon (EXC) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected that this energy company would post earnings of $0.68 per share when it actually produced earnings of $0.67, delivering a surprise of -1.47%.Over the last four quarters, the company has ...

CHICAGO--(BUSINESS WIRE)--Exelon Corporation (Nasdaq: EXC) today reported its financial results for the fourth quarter and full year 2023. “Exelon had another strong year in 2023, both financially and operationally,” said President and CEO Calvin Butler. “We delivered in the top half of our guidance range, achieved best-on-record operational performance at multiple utilities, and advocated for a more affordable and equitable energy transformation for our customers. We successfully competed for nearly $20 ...