“As Chris mentioned, we continue to reaffirm our 2022 EPS guidance range of $2.18 to $2.32 per share.”

In context

“nd are not indicative of our corporate overheads post operation. Additional information including the full year impact of the discontinued operations adjustments on 2021 results can be found in the recast 10-K and which we filed on June 30. Excluding the $0.09 impact quarter-over-quarter of the discontinued operations accounting adjustment for service company allocations, Exelon’s second quarter results were a $1.00 lower than the second quarter of 2021. We did benefit from higher distribution rates associated with completed rate cases, including higher Treasury rates impacting Commonwealth Edison's distribution returns. But this was offset by higher depreciation and amortization, bad debt, timing of other costs utilities, and the impact of rising rates on the debt at the holding company. As Chris mentioned, we continue to reaffirm our 2022 EPS guidance range of $2.18 to $2.32 per share. Our year-to-date operating earnings results of $1.08 per share, are exactly in line with the historical percentage of full year earnings, in which we outlined at Analyst Day. Growth for the balance of the year will occur primarily in Q4, as we continue to realize the benefits of higher distribution and transmission revenue, including the net impact of higher Treasury's on ComEd. It will also include the absence of unfavorable weather and storms from a previous year, and the timing of taxes and O&M spend that impacted us in the first two quarters of this year. Any updates to guidance will be provided on our next call for Q3. Moving on to slide 7, looking at our utility returns on a consolidated basis, we expect to be in our consolidated 9% to 10% target by year end. As of the second quarte”