NASDAQ:EXC

Exelon will hold its fourth quarter 2025 earnings conference call at 9:00 a.m. CT / 10:00 a.m. ET on Thursday, Feb. 12, 2026.
Delmarva Power Adjusts Natural Gas Delivery Rates to Fund System Modernization in Northern Delaware

Delmarva Power announced that it is adjusting natural gas delivery rates in Northern Delaware to support critical infrastructure investments aimed at improving safety, reliability, and customer experience. The rate change follows an approved settlement reached after stakeholder review and community input, balancing affordability with the need for long-term system upgrades.

The company said ongoing modernization efforts, including pipeline replacement and upgrades at its Wilmington liquefied natural gas facility, have already delivered measurable benefits. In 2024, natural gas leaks declined by 22 percent compared with the prior three-year average, while service interruptions fell nearly 48 percent versus 2023. The LNG facility upgrades are expected to save customers an estimated $1.85 million annually in natural gas supply costs.

Under the approved settlement, delivery rates for a typical residential customer using 56 CCF per month will rise by $2, or about 3 percent, starting January 1, 2026. This follows an interim increase implemented in April 2025 as part of the same rate review. Delmarva Power emphasized that it is expanding assistance programs, budget billing options, and community outreach to help customers manage higher energy costs.
Exelon Corporation (Nasdaq: EXC) announced plans to offer $900 million in convertible senior notes due 2029 through a private placement. Initial purchasers will also have a 13-day option to buy an additional $100 million.

The company plans to use the proceeds to repay or refinance debt or for general corporate purposes. The notes will be senior unsecured obligations, convertible under certain conditions, with semiannual interest payments.

The offering is limited to qualified institutional buyers under Rule 144A and will not be registered under U.S. securities laws. Exelon emphasized that the announcement does not constitute an offer or solicitation to sell the securities.
Exelon Reports Solid Q3 2025 Results, Reaffirms Full-Year Outlook

Exelon posted third-quarter 2025 GAAP and adjusted earnings of $0.86 per share, up from $0.70 and $0.71, respectively, a year earlier. The company reaffirmed its full-year adjusted EPS guidance of $2.64–$2.74 and its 5–7% annual EPS growth target through 2028. CEO Calvin Butler highlighted strong reliability performance across its utilities, while CFO Jeanne Jones noted completion of all 2025 debt financings and progress on equity funding. Exelon plans $38 billion in infrastructure investments over the next four years, supporting grid modernization and customer reliability, as Pepco filed a new rate case in Maryland to fund 2026 upgrades.
PECO Marks Energy Efficiency Day with $570M in Customer Savings Since 2009

On Energy Efficiency Day, PECO highlighted the success of its award-winning energy efficiency programs, which have delivered more than $570 million in rebates and incentives to customers since 2009. These initiatives have helped customers cut energy use by 5.9 billion kWh, equal to powering over 550,000 homes for a year and preventing nearly 3.6 million tons of carbon emissions.

Programs include rebates for high-efficiency appliances, free in-home energy assessments for eligible households, ENERGY STAR® discounts, and exclusive online savings through the PECO Marketplace. Recognized nationally, PECO received the 2024 ENERGY STAR Partner of the Year: Sustained Excellence Award for the seventh consecutive year. Serving nearly 1.7 million electric and 548,000 natural gas customers in southeastern Pennsylvania, PECO continues advancing its “Path to Clean” strategy to lower environmental impacts and reduce costs for customers.
Exelon Posts Q2 2025 Results, Reaffirms Full-Year Outlook

Exelon Corporation (Nasdaq: EXC) reported second-quarter 2025 GAAP and adjusted earnings of $0.39 per share, down from $0.45 and $0.47 respectively in Q2 2024. The utility affirmed its full-year adjusted earnings guidance of $2.64–$2.74 per share and maintained its 5–7% annual EPS growth target through 2028.

Operational highlights included strong grid reliability, top-tier gas response times at BGE, PECO, and PHI, and major storm recovery at PECO. Exelon also completed 80% of planned debt financing and fully priced its $700 million 2025 equity needs.

CEO Calvin Butler emphasized continued investment in grid modernization and energy security, while CFO Jeanne Jones noted financial resilience despite weather-related challenges.
ComEd Launches EV Ambassador Program to Promote Electric Vehicle Adoption in Northern Illinois

ComEd has announced the launch of its EV Ambassador Program, a community-centered initiative designed to raise awareness and boost adoption of electric vehicles (EVs) across northern Illinois. The program partners with local organizations—Equiticity, Bronzeville Community Development Partnership, and A Step Beyond NFP—to deliver education and live EV demonstrations throughout the summer.

EV Ambassadors will connect residents and businesses with resources like ComEd’s EV rebate programs, dealership network, and EV Toolkit, all part of ComEd’s broader Beneficial Electrification (BE) Plan. The initiative aims to reach underserved communities, reduce barriers to EV access, and improve health outcomes by lowering pollution from gas-powered vehicles.

ComEd has committed over $100 million in rebates for 2025, covering home charger installation, fleet electrification, and public charging infrastructure. As of now, $30 million in rebates have already funded nearly 5,000 charging ports and close to 1,000 electric fleet vehicles, with 85% of funding going to equity-eligible communities.

Community events where residents can meet EV Ambassadors include the Oak Park Farmer’s Market (May 31), Rockford Community Market (June 5), and others.
Exelon Shareholders Approve Director Slate and Key Proposals at 2025 Annual Meeting

Exelon Corporation held its Annual Meeting of Shareholders on April 29, 2025. Shareholders voted to approve all directors and proposals put forth.

All nine nominees to the Board of Directors were elected with strong majority support, including CEO Calvin G. Butler, Jr., who received 99.5% of votes cast in favor. Most directors received over 94% support.

Shareholders also approved:

* The appointment of PricewaterhouseCoopers LLP as independent auditor for 2025, with 89.9% of votes in favor.
* An advisory vote approving the compensation of named executive officers, with 89.8% of votes in favor.

There were approximately 71 million broker non-votes on the executive compensation proposal.
Exelon Q1 2025 Earnings

Financial performance:
- GAAP net income was $0.90 per share, compared to $0.66 in Q1 2024
- Adjusted (non-GAAP) operating earnings were $0.92 per share, up from $0.68
- Total GAAP net income rose to $908 million from $658 million
- Adjusted operating earnings reached $932 million, up from $685 million

2025 guidance:
- Full-year adjusted EPS guidance of $2.64 to $2.74 reaffirmed
- EPS growth target of 5 to 7 percent annually through 2028 maintained

Operational highlights:
- All utilities achieved top quartile or better reliability and top decile safety
- By the end of Q1, Exelon completed about 50 percent of its 2025 debt financing and priced 60 percent of its planned $700 million equity raise

Utility-level results:
- ComEd: Adjusted earnings rose to $325 million from $219 million, driven by rate base growth and earnings timing
- PECO: Adjusted earnings rose to $265 million from $149 million, helped by rate increases and normalized weather
- BGE: Adjusted earnings held steady at $260 million, with rate improvements offset by higher interest expenses
- PHI: Adjusted earnings rose to $194 million from $168 million due to higher rates and favorable weather

Dividend:
- Declared a $0.40 per share dividend, payable June 13, 2025

Financing activity:
- Issued $2.2 billion in long-term debt during Q1, mainly to refinance commercial paper and support general corporate needs

Cash flow and balance sheet:
- Operating cash flow was $1.2 billion, up from $992 million
- Capital expenditures reached $1.95 billion
- End-of-quarter cash and equivalents stood at $1.58 billion, compared to $1.31 billion in Q1 2024
Exelon (Nasdaq: EXC) today announced that its Board of Directors has appointed W. Paul Bowers as its Independent Board Chair, effective April 29.

Mr. Bowers has been an Independent Director on Exelon’s Board since 2021. The change comes at the retirement of outgoing Board Chair, John F. Young, who has served in the role since 2022.