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 ...

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 ...

Jeanne Jones - Chief Financial Officer Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America Thank you, Gigi, and good morning, everyone. We're pleased to have you with us for our 2023 fourth quarter earnings call. Leading the call today are Calvin Butler, Exelon's President and Chief Executive Officer; and Jeanne Jones, Exelon's Chief Financial Officer. Other members of Exelon senior management team are also with us today, and they will be available to answer your questions following ...

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 ...