Earnings Conference Call First Quarter 2023 This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Words such as "could," "may," "expects," "anticipates," "will," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "predicts," "should," and variations on such words, and similar expressions that reflect our current views with respect to future events ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Commission File | Name of Registrant; State or Other Jurisdiction of Incorporation; Address of Principal | IRS Employer Identification | | | --- | --- | --- | --- | | Number | Executive Offices; and ...

Investment and Infrastructure - Exelon plans to invest approximately $31 billion over the next four years in electric and natural gas infrastructure improvements, which is projected to increase the current rate base by approximately $18 billion by the end of 2026[65]. - Estimated customer program energy efficiency investments across Utility Registrants from 2023 to 2026 total $3.5 billion[84]. - BGE announced plans to invest $500 million in infrastructure upgrades over the next three years to enhance service reliability[110]. Environmental Goals and Emissions - Exelon aims to collectively reduce its operations-driven GHG emissions by 50% by 2030 against a 2015 baseline and achieve net zero operations-driven GHG emissions by 2050[66]. - In 2021, Exelon's Scope 1 and 2 GHG emissions were over 5.7 million metric tons CO2 equivalent, with 91% being indirect emissions from electricity distribution[83]. - Exelon is collaborating with national labs and universities to research and develop clean technologies necessary for achieving its GHG reduction goals[84]. - The U.S. has set a target to reduce net GHG emissions by 50-52% below 2005 levels by 2030, which influences Exelon's operational strategies[89]. - Exelon is subject to various state and regional GHG reduction programs, impacting its compliance and operational costs[92]. - The Inflation Reduction Act aims to promote clean energy projects, requiring Exelon to modernize its infrastructure to integrate new resources[90]. Operational Performance and Financials - Exelon reported a significant increase in revenue, reaching $14.5 billion for the fiscal year, a 10% increase compared to the previous year[106]. - The company achieved a net income of $2.1 billion, reflecting a 15% growth year-over-year[106]. - PECO's operational efficiency improved, resulting in a 5% reduction in operational costs, totaling $1.5 billion[109]. - The company expects earnings per share (EPS) guidance for the next fiscal year to be in the range of $3.00 to $3.20, indicating a growth of 8% to 12%[106]. Customer Engagement and Service - ComEd's customer base expanded by 3%, adding approximately 100,000 new customers in the last quarter[108]. - Exelon plans to enhance its customer service operations, aiming for a 90% customer satisfaction rate by the end of the next fiscal year[106]. - New technology initiatives are underway, including smart grid advancements aimed at improving energy efficiency and customer engagement[110]. Workforce and Diversity - Approximately 44% of Exelon's employees participate in collective bargaining agreements (CBAs), with a total of 8,379 employees covered by CBAs as of December 31, 2022[76]. - The Utility Registrants' turnover rates for retirement age employees averaged 3.71% from 2020 to 2022, with voluntary turnover at 2.79%[75]. - Exelon is committed to creating a diverse and inclusive workplace, with a total of 19,063 employees, including 5,300 females and 7,519 people of color as of December 31, 2022[71]. Strategic Initiatives - Exelon focuses on maintaining operational excellence and meeting financial commitments while supporting clean energy policies that advance clean energy targets[62]. - Exelon seeks to leverage its scale and expertise across utilities to achieve improved operational and financial results through enhanced standardization and sharing of resources[63]. - Exelon is exploring strategic acquisitions to expand its market presence, particularly in the renewable sector[106].

Exelon's Business Overview - Exelon operates 6 transmission and distribution (T&D) utilities across seven regulatory jurisdictions, serving 10.5 million electric and gas customers [12] - The company's 2022 estimated rate base is $52 billion [13] - Exelon projects a capital investment of $29 billion through 2025 [13] Financial Performance and Outlook - Exelon targets a 6-8% operating earnings per share (EPS) growth from 2021-2025 [15] - The company aims for a ~60% dividend payout ratio of operating earnings through 2025 [15] - Exelon projects rate base growth of 8.1% from 2021-2025 [15] - The company's adjusted O&M is projected to increase 1.4% from 2016 through 2022 [40] ESG and Sustainability - Exelon is committed to reducing operations-driven Scope 1 and Scope 2 emissions by 50% by 2030 and achieving net-zero emissions by 2050 [21] - In 2021, Exelon's energy efficiency programs helped customers save 22.8 million MWh [21] Capital Expenditure and Rate Base Growth - Exelon plans to invest $29 billion in capital from 2022-2025 [28] - Electric distribution investment is projected at $18.9 billion for 2022-2025 [28] - Electric transmission investment is projected at $6.4 billion for 2022-2025 [28] - Gas delivery investment is projected at $3.7 billion for 2022-2025 [28]

Exelon Corporation (NASDAQ:EXC) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Andy Plenge – Vice President of Investor Relations Chris Crane – Chief Executive Officer Jeanne Jones – Chief Financial Officer Gil Quiniones – Chief Executive Officer, ComEd Calvin Butler – President and Chief Operating Officer Conference Call Participants Ross Fowler – UBS Steve Fleishman – Wolfe Research David Arcaro – Morgan Stanley Jeremy Tonet – JPMorgan Michael Lapides – Goldman Sachs Op ...

○ exelon® November 3, 2022 Earnings Conference Call Third Quarter 2022 Cautionary Statements Regarding Forward-Looking Information This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Words such as "could," "may," "expects," "anticipates," will," "targets," "goals," "projects," "intends," "believes," "seeks", "estimates," "predicts," "should," and variations on such words, and sim ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Exelon Corporation (NASDAQ:EXC) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Jeanne Jones - Senior Vice President, Corporate Finance Chris Crane - President, Chief Executive Officer and Director Joe Nigro - Senior Executive Vice President and Chief Financial Officer Calvin Butler - Senior Executive Vice President and Chief Operating Officer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Paul Zimbardo - Bank of America Steven Fleishman - Wolfe Resear ...

○ exelon® August 3, 2022 Earnings Conference Call Second Quarter 2022 Cautionary Statements Regarding Forward-Looking Information This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Words such as "could," "may," "expects," "anticipates," will," "targets," "goals," "projects," "intends," "believes," "seeks," "estimates," "predicts," and variations on such words, and similar expres ...