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ComEd, BBB and Illinois Gas Companies Provide Practical Tips to Help Prevent Utility Scams
Businesswire· 2025-11-19 18:45
Core Points - Northern Illinois energy providers, including ComEd, Nicor Gas, Peoples Gas, and North Shore Gas, are collaborating with the Better Business Bureau (BBB) to raise awareness about utility scams on Utility Scam Awareness Day [1][2] - The initiative "Slow Down, Verify, Stop the Scam" aims to educate customers on how to protect themselves from fraudulent activities [2][4] Group 1: Scam Awareness and Prevention - The "Slow Down, Verify, Stop the Scam" framework encourages customers to take a moment to confirm suspicious requests before acting [3][4] - Scammers often use threats or urgency to pressure customers into making immediate payments [3][5] - Customers are advised that legitimate utility representatives will never pressure them for immediate payments or ask for personal information like Social Security numbers [5][13] Group 2: Identification of Scam Attempts - Utility companies will always provide identification and wear logoed uniforms when visiting homes or businesses [6] - Customers should verify the legitimacy of phone calls by asking the caller to confirm information only they would know [6][7] - If in doubt, customers are encouraged to hang up or shut the door and contact the utility company using trusted sources [7] Group 3: Role of the Better Business Bureau - The BBB emphasizes the importance of consumer education as the first line of defense against scams [4] - The partnership with energy providers aims to empower consumers to recognize red flags and take appropriate action [4]
ComEd Awards Nearly $1 Million in EV Rebates to West Aurora School District 129
Businesswire· 2025-11-17 14:30
Core Insights - ComEd has provided a $930,000 electric vehicle (EV) rebate to West Aurora School District 129 to support the electrification of its school bus fleet [1] - The school district, in collaboration with Highland Electric Fleets and Blue Bird, has introduced 27 EV school buses and 28 EV chargers [1] - This initiative positions the district as one of the largest electric school bus fleets in ComEd's northern Illinois service area [1]
Exelon CEO Calvin Butler talks AI's power demand and looming power shortages
Youtube· 2025-11-10 22:31
Core Insights - The utilities sector is currently the third best performing sector, driven by the increasing energy demand from AI technologies [1] - There is a significant supply-demand imbalance in the energy market, particularly in the PJM marketplace, which could lead to power shortages in the coming years [4][6] - The governors of states within the PJM region are collaborating to address the energy supply issues and affordability challenges faced by consumers [7] Supply-Demand Imbalance - The energy demand has surged to levels not seen in the last 30 to 40 years, while the regulatory framework has remained unchanged for the past 50 years [4] - Vertically integrated utilities are managing the demand effectively, but non-generating utilities are struggling to meet the increased demand, leading to affordability issues for customers [5] Proposed Solutions - There is a call for utilities to re-enter the generation business to ensure better control and clarity over energy supply [11] - Alternative energy solutions such as combined cycle gas turbines, community solar, and battery storage are suggested to enhance energy supply [12] - A sense of urgency is needed to address the potential crisis in energy supply before it escalates [14]
ComEd No. 1 in U.S. in Providing Reliable Electric Service to Customers, Benchmarking Shows
Businesswire· 2025-11-10 18:20
Core Insights - ComEd has been ranked number one in the U.S. for providing reliable electric service, with significant improvements in outage frequency and duration [1][2] - Since 2012, ComEd has enhanced overall reliability by over 57%, preventing nearly 24.7 million customer interruptions and saving more than $4.3 billion in outage-related costs [2] Group 1: Reliability Metrics - ComEd's outage frequency has improved by more than 50% compared to 2012 and earlier [1] - The duration of outages has decreased by approximately 20% over the same period, resulting in shorter service interruptions for customers [1] Group 2: Company Background - ComEd is a subsidiary of Exelon Corporation, serving over 10.5 million electricity and natural gas customers, making it the largest utility in the U.S. [4] - ComEd provides power to more than 4.2 million customers in northern Illinois, representing 70% of the state's population [4] Group 3: Investment and Strategy - The improvements in reliability are attributed to targeted investments aimed at addressing challenges such as extreme weather, increasing load demands, and cybersecurity [2] - ComEd's ongoing commitment to enhancing grid reliability is reflected in its strategic initiatives to meet the growing electrification needs of its customers [2]
When The AI Bubble Pops, Boring Stocks Like Exelon Will Win (NASDAQ:EXC)
Seeking Alpha· 2025-11-06 02:06
Group 1 - Concerns have been raised regarding over-concentration and over-valuation in the market, particularly among the 'Mag Seven' stocks and their true economic value [1] - The focus is on identifying high-yield investment opportunities for individual investors, simplifying complex concepts, and providing actionable insights for better returns [2] Group 2 - The analysis produced aims to assist investors in making informed decisions in the market, supported by expert research [2]
When The AI Bubble Pops, Boring Stocks Like Excelon Will Win
Seeking Alpha· 2025-11-06 02:06
Group 1 - Concerns have been raised regarding over-concentration and over-valuation in the market, particularly among the 'Mag Seven' stocks and their true economic value [1] - The focus is on identifying high-yield investment opportunities for individual investors, simplifying complex concepts for better understanding [2] Group 2 - The analysis produced aims to assist investors in making informed decisions in the market, supported by expert research [2]
Exelon’s advanced data center pipeline grows to 18 GW
Yahoo Finance· 2025-11-05 08:34
Core Insights - Exelon reported a year-to-date income of $2.2 billion, reflecting a 17% increase from the previous year, primarily due to rate increases at PECO Energy [3] - The company is actively pursuing a role in power supply within deregulated states like Maryland and Pennsylvania, where utilities are restricted from owning power plants [4][5] - Exelon has an advanced data center pipeline of 18 GW, which has increased by 13% from the previous quarter, with potential future additions totaling 47 GW [1][8] Financial Overview - Exelon's capital expenditure program is projected at $38 billion over four years, with an additional potential transmission spending estimated between $10 billion to $15 billion [2] - The company is focusing on investments in energy efficiency, distributed solar, and storage to ensure adequate power supplies [5] Market Developments - A recent solicitation for dispatchable generation in Maryland did not meet its goals, with bids submitted by Constellation Energy and others falling short of the required effective load carrying capability [6][7] - Exelon utilities have 6 GW of potential data center customers nearing transmission service agreements, indicating strong demand for energy solutions [8][9]
Exelon Corporation 2025 Q3 - Results - Earnings Call Presentation (NASDAQ:EXC) 2025-11-04
Seeking Alpha· 2025-11-05 01:00
Group 1 - The article does not provide any specific content or key points related to a company or industry [1]
Exelon(EXC) - 2025 Q3 - Quarterly Report
2025-11-04 18:15
Financial Performance - Exelon's net income attributable to common shareholders increased by $168 million to $875 million for the three months ended September 30, 2025, compared to $707 million in 2024, with diluted earnings per share rising to $0.86 from $0.70[422] - For the nine months ended September 30, 2025, net income attributable to common shareholders rose by $361 million to $2,174 million, up from $1,813 million in 2024, with diluted earnings per share increasing to $2.15 from $1.81[423] - Adjusted (non-GAAP) operating earnings for the three months ended September 30, 2025, were $874 million, or $0.86 per diluted share, compared to $708 million, or $0.71 per diluted share in 2024[425] - The company reported a favorable variance in net income across its subsidiaries, with PECO showing a significant increase of $133 million in net income for the three months ended September 30, 2025, compared to 2024[421] - ComEd's operating revenues for Q3 2025 were $2,275 million, an increase of $46 million compared to Q3 2024, while net income rose by $13 million to $373 million[452] - For the nine months ended September 30, 2025, ComEd's net income increased by $80 million to $903 million, driven by higher distribution and transmission rate base and higher return on regulatory assets[453] Revenue and Rate Changes - The favorable impacts on earnings were primarily due to rate increases at ComEd, PECO, BGE, and PHI, along with lower storm costs at PECO and higher returns on regulatory assets at ComEd[422] - Exelon is currently involved in several distribution base rate case proceedings, with requested revenue increases totaling $1,487 million for ComEd in Illinois and $464 million for PECO in Pennsylvania[431] - The approved revenue requirement for ComEd in Illinois was $1,045 million, effective January 1, 2024, while PECO's approved revenue requirement was $354 million, effective January 1, 2025[431] - Distribution revenue increased by $85 million in Q3 2025 compared to Q3 2024, primarily due to higher fully recoverable costs and higher rate base[454] - Operating revenues for PECO increased by $150 million (14.6%) for the three months ended September 30, 2025, and by $538 million (18.1%) for the nine months compared to the same periods in 2024[467] - Operating revenues for Pepco increased by $131 million to $992 million for the three months ended September 30, 2025, and by $306 million to $2,626 million for the nine months ended September 30, 2025, compared to the same periods in 2024[509] Expenses and Cost Management - The total operating expenses for Q3 2025 were $1,717 million, a decrease of $14 million compared to Q3 2024, with purchased power costs decreasing by $29 million[452] - Purchased power expense decreased by $29 million (6.1%) for the three months and by $460 million (29.5%) for the nine months ended September 30, 2025, compared to the same periods in 2024[460] - Interest expense, net increased by $7 million (12.1%) for the three months and by $21 million (12.6%) for the nine months ended September 30, 2025, compared to the same periods in 2024[464] - Operating and maintenance expenses for the three months ended September 30, 2025, increased by $14 million, while for the nine months, they increased by $74 million compared to the same periods in 2024[517] - Depreciation and amortization expenses increased by $6 million for the three months and $18 million for the nine months ended September 30, 2025, primarily due to ongoing capital expenditures[519] Customer and Delivery Metrics - Total electric retail deliveries decreased by 1.9% for the three months ended September 30, 2025, and remained consistent for the nine months compared to the same periods in 2024[473] - The number of electric customers increased to 1,707,802 as of September 30, 2025, from 1,698,203 in 2024, reflecting a growth of 0.5%[473] - Natural gas deliveries for residential customers decreased by 12.5% to 2,064 mmcf in Q3 2025 compared to Q3 2024, while small commercial and industrial deliveries increased by 16.0% to 2,243 mmcf[476] - The number of natural gas customers for PECO increased to 555,395 in Q3 2025, up from 551,808 in Q3 2024[476] - The number of total electric customers increased to 561,443 as of September 30, 2025, from 556,125 in 2024[530] Regulatory and Legislative Developments - Exelon anticipates continued regulatory proceedings that will impact future financial statements and earnings potential[428] - The MDPSC distributed approximately $49 million in bill credits to BGE, $21 million to Pepco, and $8 million to DPL as part of the Legislative Energy Relief Refund program[447] - The Next Generation Energy Act allows for multi-year rate plans, with BGE derecognizing regulatory assets of $10 million and liabilities of $3 million in Q2 2025[445] Capital and Financing Activities - Exelon reported an increase in cash flows from operating activities of $867 million for the nine months ended September 30, 2025, compared to $24 million in the same period of 2024[559] - Capital expenditures for Exelon totaled $(934) million for the nine months ended September 30, 2025, compared to $(351) million in 2024[561] - Exelon issued approximately 4.0 million shares of Common stock at an average net price of $42.98 per share during the first quarter of 2025, raising net proceeds of $173 million[572] - On September 19, 2025, ComEd filed for $2.8 billion in new long-term debt financing authority, expecting approval by December 31, 2025[597] - PECO and BGE filed applications for new short-term financing authorities of $1.5 billion and $900 million, respectively, both expecting approval by December 31, 2025[598] Risk Management - Exelon operates under cost-based rate regulation, utilizing hedging programs to mitigate exposure to energy and natural gas price volatility[603] - Exelon manages market risks through comprehensive risk management policies, with issues reported to the Executive Committee and Audit and Risk Committee[604] - Interest rate risk is significantly reduced as most of the Registrants' outstanding debt has fixed interest rates, with a mix of fixed and variable-rate debt used for management[608]
Exelon Beats Q3 Earnings & Sales Estimates, Serves More Customers
ZACKS· 2025-11-04 17:15
Core Insights - Exelon Corporation's third-quarter 2025 earnings of 86 cents per share exceeded the Zacks Consensus Estimate of 76 cents by 13.2% and improved 21.1% from the previous year's 71 cents [1][2][9] - Total revenues reached $6.7 billion, surpassing the Zacks Consensus Estimate of $6.34 billion by 5.6% and reflecting an 8.9% increase from the year-ago figure of $6.15 billion [3][9] Financial Performance - Exelon's total operating expenses rose nearly 4.9% year over year to $5.2 billion, while operating income increased 25.4% year over year to $1.5 billion [5] - Adjusted net income for the quarter was $875 million, compared to $707 million in the same quarter last year [5] Customer and Delivery Metrics - The company served more customers than in the previous year, with total electric deliveries reaching 66,273 gigawatt hours in the first nine months of 2025, a 3% increase from the prior year [4] Segment Performance - Commonwealth Edison Company (ComEd) reported adjusted earnings of $373 million, up 3.6% year over year [6] - PECO Energy Company (PECO) saw adjusted operating earnings increase by 111.9% year over year to $250 million [7] - Baltimore Gas and Electric Company (BGE) reported adjusted earnings of $82 million, an 82.2% increase year over year [8] - Pepco Holdings LLC (PHI) had adjusted operating earnings of $290 million, up 4.3% year over year [8] Guidance and Future Outlook - Exelon reaffirmed its 2025 earnings guidance in the range of $2.64-$2.74 per share, with a consensus estimate of $2.68 per share [11] - The company plans to invest $38 billion in energy infrastructure from 2025 to 2028 [11]