Exelon(US:EXC)2022-11-17 19:05Exelon'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]