Exelon(US:EXC)2024-08-01 15:41Financial Performance - Q2 2024 GAAP Earnings were $045 per share, compared to $034 per share in Q2 2023[8] - Q2 2024 Adjusted Operating Earnings were $047 per share, versus $041 per share in Q2 2023[8] - Exelon reaffirms 2024 Adjusted Operating Earnings guidance of $240 - $250 per share, based on expected average outstanding shares of 1,003 million[8, 16] - Exelon is investing approximately $345 billion in capital expenditures from 2024-2027, expecting a rate base growth of approximately 75%[8] - The company reaffirms its 2023-2027 Adjusted Operating Earnings CAGR of 5-7%, expecting to be at the midpoint or better[8] - Exelon reaffirms its projected dividend payout ratio of approximately 60%, resulting in dividend growth in line with the targeted 5-7% operating EPS CAGR through 2027[8] Operational Excellence and Reliability - All utilities achieved top quartile reliability performance, with ComEd and Pepco Holdings achieving top decile SAIFI and SAIDI performance[8, 11] - BGE, PECO, and Pepco Holdings recorded top decile SIIR performance, with PECO improving from second quartile in the first quarter[11] Rate Case Updates and Regulatory Developments - ComEd is on track with its refiled Multi-Year Integrated Grid Plan, with many intervenor and Staff positions continuing to support Grid Plan compliance and need for investment[8] - PECO electric and gas distribution rate cases are proceeding in line with schedule for rates effective January 1, 2025[8] - Pepco MD completed its electric distribution rate case, and the Pepco DC electric distribution rate case is anticipated to be completed in the fourth quarter[8]