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CLAIM #23119 · EXC (EXC) · 2022Q1 earnings call · May 9, 2022 · due May 9, 2023

And right now, we're on track and we hope to improve on it, but I wouldn't commit to any significant improvement at this point.

Chris Crane · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
And right now, we're on track and we hope to improve on it, but I wouldn't commit to any significant improvement at this point.
Reported
First, we completed the separation from Constellation, which by any measure was a success and execute it in less than a year after our Board's decision to proceed.

In context

moving forward. Jeremy Tonet: Got it. That's very helpful. And just with the new look Exelon here, just wondering how do corporate cost efforts currently stand since the separation? Are they tracking your expectations at this point? And do you have any sense for upside opportunities and potential magnitude of cost savings over time now post separation here? Chris Crane: Yes. I wouldn't commit to upside yet. We've got to get through this transition. There's a lot of work being done by the business services company to execute on plan, the wrong plan right now and we feel comfortable. We watch the IT transition quite closely. That's one that can't get away from us, separating the financials, separating the operational, separating the common databases is -- it's crucial to making our targets. And right now, we're on track and we hope to improve on it, but I wouldn't commit to any significant improvement at this point. We have to continue to work through the process of the separation. It's astounding how much work has got to be done and it is on track, but there's a lot of people focused on it. If you look at the financials itself, separating that, looking at the operational integration, separating that, it's quite extensive. So we have the right leadership with Bridget Reidy and we continue to focus on it. Some areas might be a little bit faster than we anticipated based on the push from Constellation and Exelon, but too early to predict an upside. Operator: Our last question coming from the line of Durgesh Chopra with Evercore. Durgesh Chopra: I have a quick clarification and then a big picture question on EVs. Just, Chris, I think you mentioned, if I heard it correctly, an order in the third quarter

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SEC filings for EXC · Claim quote is verbatim from the 2022Q1 earnings call.