CLAIM #23152 · EXC (EXC) · 2022Q3 earnings call · Nov 3, 2022 · due Dec 31, 2022
“We are reaffirming the midpoint of our range and narrowing it by $0.06.”
Chris Crane · CEO
In context
“with Exelon for 15 years in various finance roles across the corporate and the former nuclear division. She was CFO at ComEd and most recently, Senior Vice President of Exelon Corporation. Jeanne has a very strong background and experienced positions for well for expanded responsibility. You’ll hear from Jeanne momentarily for the financial update. And both Calvin and Jeanne will join me for the Q&A of the call. I would also like to thank Joe Nigro for his work launching the new Exelon and successfully executing the spin. Happy to report solid performance for the quarter. The investments we’re making are on behalf of our customers and continue to drive strong operations and financial results. We reported GAAP earnings of $0.68 per share and adjusted operating earnings of $0.75 per share. We are reaffirming the midpoint of our range and narrowing it by $0.06. Jeanne will provide more color on that. We continue to execute at high operational levels, which I’ll speak more about on the next slide. We had a construction rate case outcome this quarter. The commission in Delaware and Pennsylvania improve settlements on gas situation rates for Delmarva and [indiscernible]. We also reached a settlement on key elements with the first multi-year filing for Delmarva Power first settlement for the multiyear plan. We expect the final order in December. In Illinois, ComEd received the final order on its performance tracking mechanisms and the plan in September. That’s a big milestone on the transition they’re making to a multiyear distribution rate construct, and it gives us a good foundation to build upon. As a result, we intend to file a multiyear distrib”
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SEC filings for EXC ↗ · Claim quote is verbatim from the 2022Q3 earnings call.