Investor and Analyst Event: Exelon Details Strategy for Nation’s Largest Fully Regulated Utility Company
10 1월 2022 - 8:59PM
Business Wire
Exelon’s focus on modernizing energy
transmission and delivery systems enables clean, affordable, safe
and reliable energy service for customers and equitably expands
economic opportunity in communities
Exelon Corp. (Nasdaq: EXC) will host an investor and analyst
event today, January 10, beginning at 12:00 p.m. Central Time, 1:00
p.m. Eastern Time. Exelon management will outline how the company
is positioned to deliver critical, innovative and affordable energy
services to customers, while continuing to expand economic
opportunity and promote equity in the communities it serves. In
addition, Exelon management will detail the company’s strategic
plans to drive growth and enhanced shareholder value as the
nation’s largest utility company with more than 10 million
customers at six regulated electric and gas utilities — 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 energy business. The separation is expected to close 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. “Following separation, Exelon will
maintain 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 following 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 stay ahead of our
rapidly evolving industry, improve reliability and resilience,
enhance safety and the customer experience, and transition to a
cleaner energy future.”
During the event, members of Exelon’s leadership team will
outline the company’s strategic priorities to generate value for
shareholders from its industry-leading platform in major U.S.
metropolitan markets, including its:
- Sustainable value through approximately $29 billion of
projected T&D capital investments to meet customer needs
through 2025, supporting rate base growth of 8.1 percent and fully
regulated operating EPS growth of 6-8 percent over the 2021 to 2025
period. Targeting a 60 percent dividend payout ratio of operating
earnings and growth in line with operating earnings through
2025.
- Operational excellence as a top quartile performer in
service reliability and building world-class customer experiences.
Exelon will be making energy system investments that are recovered
by transparent, alternative recovery mechanisms.
- Leading environmental, social and governance focus as a
pure-play energy delivery utility company focused on investing in
the economic health and equity in the communities we serve and on
smarter, cleaner grid enhancements and customer affordability
options. Exelon is geographically positioned to lead the clean
energy buildout in densely populated territories.
- Financial discipline with all businesses maintaining
balance sheet capacity to support investment-grade credit ratings
and organic growth from reinvestment of free cash flow to fund
utility capital programs with no more than $1 billion of equity
through 2025.
As part of the event, Exelon is also introducing 2022 adjusted
(non-GAAP) operating earnings guidance for the new company of
$2.18-$2.32 per share, which is up from revised guidance for
utilities plus the Exelon holding company of $2.06-$2.14 per share
in 2021, driven by increased investment on behalf of customers at
the utilities as well as updated revenues at PECO from recent rate
cases.
2022 Analyst Day Presenters
The Analyst Day will feature presentations from the following
Exelon executives:
- Chris Crane, President & Chief Executive Officer
- Calvin Butler, Senior EVP & Chief Operating Officer
- Joe Nigro, Senior EVP & Chief Financial Officer
- Jeanne Jones, SVP, Corporate Finance
- Melissa Lavinson, SVP Federal Governmental and Regulatory
Affairs and Public Policy
- Tyler Anthony, President & Chief Executive Officer, PHI
(ACE, DPL, Pepco)
- Michael Innocenzo, President & Chief Executive Officer,
PECO
- Carim Khouzami, President & Chief Executive Officer,
BGE
- Gil Quiniones, Chief Executive Officer, ComEd
Full biographies of the speakers can be found in the executive
profiles section of the Exelon 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 materials can be
accessed 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 U.S. Exelon does business in 48 states, the District of
Columbia and Canada and had 2020 revenue of $33 billion. Exelon
serves approximately 10 million customers in Delaware, the District
of Columbia, Illinois, Maryland, New Jersey and Pennsylvania
through its Atlantic City Electric, BGE, ComEd, Delmarva Power,
PECO and Pepco subsidiaries. Exelon is one of the largest
competitive U.S. power generators, with more than 31,000 megawatts
of nuclear, gas, wind, solar and hydroelectric generating capacity
comprising one of the nation’s cleanest and lowest-cost power
generation fleets. The company’s Constellation business unit
provides energy products and services to approximately 2 million
residential, public sector and business customers, including three
fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
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version on businesswire.com: https://www.businesswire.com/news/home/20220110005558/en/
Andrew Plenge Investor Relations 312-394-2345 Paul Adams
Corporate Communications 410-470-4167
paul.adams2@exeloncorp.com
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