Exelon details strategy for country’s largest fully regulated utility

0


Exelon’s focus on modernizing power transmission and distribution systems enables clean, affordable, secure and reliable energy service to customers and equitably expands economic opportunities in communities

CHICAGO, January 10, 2022– (BUSINESS WIRE) – Exelon Corp. (Nasdaq: EXC) will host an investor and analyst event today, January 10, starting at 12:00 p.m. Central time, 1:00 p.m. Eastern time. Exelon management will describe how the company is positioned to provide essential, innovative and affordable energy services to customers, while continuing to expand economic opportunities and promote equity in the communities it serves. In addition, Exelon leadership will detail the company’s strategic plans to drive growth and enhance shareholder value as the nation’s largest utility company with more than 10 million customers across six utilities in the country. ‘regulated electricity and gas – Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO) and Potomac Electric Power Company (Pepco) – following the separation of its Constellation power generation and competitive power activities. The separation is expected to end on February 1.

“Our mission at Exelon is to continue to be the premier transmission and distribution utility company by providing reliable, safe, clean, affordable and innovative energy products to our more than 10 million customers,” said Christopher M. Crane, President and CEO of Exelon. . “After separation, Exelon will continue to focus on our core business strategies, while driving economic development and investment in our communities and innovating to lead clean energy grid transformations. We are confident that after this separation, Exelon will continue to be a strong parent company for our fully regulated transmission and distribution utilities and is well positioned to invest in critical infrastructure and innovative technologies to keep it going. ahead of our rapidly evolving industry, improve reliability and resiliency, improve safety and the customer experience, and move to a cleaner energy future.

During the event, members of Exelon’s management team will present the company’s strategic priorities to drive shareholder value from its industry-leading platform in major metropolitan markets. from the United States, including:

  • Enduring value through approximately $ 29 billion in T&D capital investments planned to meet customer needs through 2025, supporting rate base growth of 8.1% and fully regulated operating EPS growth of 6 at 8% over the period 2021 to 2025. Target a dividend payout ratio of 60% of operating profit and growth in line with operating profit through 2025.

  • Operational excellence as one of the best in the quartile when it comes to service reliability and creating world-class customer experiences. Exelon will make investments in energy systems that will be recovered through transparent alternative recovery mechanisms.

  • Leading environmental, social and governance axis as a pure energy distribution utility company focused on investing in economic health and equity in the communities we serve and on smarter, cleaner grid upgrades and affordable options for customers . Exelon is geographically positioned to lead the development of clean energy in densely populated territories.

  • Financial discipline with all companies maintaining a balance sheet capacity to support investment grade credit ratings and organic growth through the reinvestment of free cash flow to fund utility investment programs with up to $ 1 billion in capital clean until 2025.

As part of the event, Exelon is also presenting an adjusted (non-GAAP) operating profit forecast for the new company of $ 2.18 to $ 2.32 per share, up from revised guidance for utilities plus the holding company Exelon from $ 2.06 to $ 2.14 per share. in 2021, thanks to the increase in investments on behalf of public service customers as well as the update of PECO’s revenues based on recent tariff files.

Analysts Day 2022 presenters

Analyst Day will feature presentations from the following Exelon executives:

  • Chris Crane, President and CEO

  • Calvin Butler, Senior Executive Vice President and Chief Operating Officer

  • Joe Nigro, Senior Executive Vice President and Chief Financial Officer

  • Jeanne Jones, Senior Vice President, Corporate Finance

  • Melissa Lavinson, Senior Vice-President Federal Government and Regulatory Affairs and Public Policy

  • Tyler Anthony, President and CEO, PHI (ACE, DPL, Pepco)

  • Michael Innocenzo, President and CEO, PECO

  • Carim Khouzami, President and CEO, BGE

  • Gil Quiniones, Managing Director, ComEd

Full speaker biographies are available in the Executive Profiles section of Exelon’s website at exeloncorp.com/leadership-and-governance/executive-profiles.

Webcast information

The Exelon event will begin at 12:00 p.m. Central time, 1:00 p.m. Eastern time. The webcast and associated documents are available here.

About Exelon

Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the United States. Exelon operates in 48 states, the District of Columbia and Canada and has 2020 revenue of $ 33 billion. Exelon serves approximately 10 million customers in Delaware, District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its subsidiaries Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco. Exelon is one of the largest competitive power producers in the United States, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity, comprising one of the world’s most electric power plants. cleaner and cheapest in the country. The Company’s Constellation business unit provides energy products and services to approximately 2 million residential, public and commercial customers, three-quarters of the Fortune 100. Follow Exelon on Twitter @Exelon.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220110005558/en/

Contacts

Andrew Plenge
Investor Relations
312-394-2345

Paul Adams
Business communication
410-470-4167
[email protected]


Share.

Comments are closed.