CLAIM #23142 · EXC (EXC) · 2022Q2 earnings call · Aug 3, 2022 · due Dec 31, 2024
“there is no change to our expectation and our consolidated corporate metrics will average 13% to 14%. At both S&P and Moody's over the 2022 to ‘24 period.”
Joe Nigro · CFO
In context
“ce sheet, which we committed to keeping strong to support the investments made for the benefit of our customers and communities. As we announced in February of 2021, and reaffirmed as recently as last quarter’s call, we plan to issue $1 billion of equity in the holding company by 2025 as part of a balanced funding strategy. We are establishing a $1 billion ATM program. And we plan to issue $500 million of equity in 2022 leveraging either the ATM program or at one time offering or some combination of both methods. We will complete the remaining $500 million in 2023 to 2025. And we commit to continuing to update you as we make progress on these points. Beyond our equities complaints, as we noted in the first quarter, we have completed our long-term debt financings at corporate for the year, there is no change to our expectation and our consolidated corporate metrics will average 13% to 14%. At both S&P and Moody's over the 2022 to ‘24 period. And with a number of financings completed this quarter at our utilities, we continue to benefit from robust demand for that debt backed by extremely strong credit ratings that are operating. As you've heard from Chris, we are monitoring the Inflation Reduction Act, and its potential impact on cash [Inaudible] and tax. We will continue to update you on that as we can. Thank you, and I'll turn back the call to Chris for his closing remarks. Chris Crane: Thanks Joe. And turning to slide 12, I’ll close by reiterating that Exelon’s value propositions, its position in the sector, Exelon is a premier TOD only company in the nation consistent of delivery and reliability results. There are several key attributes that distinguish us. We have an unmatched size and scale leveraging a common platform”
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SEC filings for EXC ↗ · Claim quote is verbatim from the 2022Q2 earnings call.