CLAIM #23086 · EXC (EXC) · 2021Q3 earnings call · Nov 3, 2021 · due Dec 31, 2021
“As we've said in the past and will continue, we will meet or exceed our financial commitments, delivering earnings with our guidance range and maintaining a strong Balance Sheet.”
Chris Crane · CEO
In context
“prices in all regions and higher volumes driven by execution of the EDF PUCT, and the decision to reverse Byron and Dresden 's early retirements. Capacity and ZEC dollars are up $100 million due to full ownership of the CENG assets. Mark-to-market of hedges were down $1 billion due to our hedged position, partially offset by the execution of power new business. We executed $200 million of power new business, and $50 million of non-power new business during the third quarter. The non-gross margin impacts of the Illinois plant reversals and the full ownership of CENG are incorporated on page 32 of the appendix. Thank you. And I'll now turn the call back to Chris for his closing remarks. A - Chris Crane: Thanks, Joe. Turning to Slide 14, I'll close on our ongoing priorities and commitments. As we've said in the past and will continue, we will meet or exceed our financial commitments, delivering earnings with our guidance range and maintaining a strong Balance Sheet. And that goes for both companies as we split, there's a commitment on both sides to do that. We'll complete the preparations to separate the businesses including the organization, the cost structure for each Company that will set each Company up for long-term success at a strong investment grade. At Exelon Utilities, we are prudently and efficiently deploying $6.6 billion of capital to benefit our customers and help meet the needs of our jurisdictions Energy policy goals. We are working with our regulators to ensure timely recovery of these investments, as Joe discussed in his talking points. We continue to advocate for clean energy and climate policies with the new administration and Congress, In our states to put the country on the path to meeting the carbon and air pollution reduction”
Verify independently
SEC filings for EXC ↗ · Claim quote is verbatim from the 2021Q3 earnings call.