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CLAIM #23223 · EXC (EXC) · 2022Q4 earnings call · Feb 14, 2023 · due Dec 31, 2026

But to your point, beyond 2023, we expect to be within or above the range.

Jeanne Jones · CFO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Company's earnings per share (or ROE) relative to its stated earnings guidance range, for years beyond 2023

It came true if: Reported/actual annual EPS (or ROE) for 2024 and 2025 falls within or above the company's disclosed guidance range for that year

Where: Company earnings releases and investor presentations (guidance range disclosures, e.g. slide deck referenced as Slide 16) and 10-K/annual reports

In context

e balance the earnings over the course of the three years where it’s more linear and process and the teams continue to work on that. We continue to look at other options, but have chosen to stay the course of where we are at the present time. And Mike Innocenzo, the CEO of PECO is here with us right now. Mike, would you have anything to add with that? Mike Innocenzo: Again, I would just – I would echo that. In Pennsylvania, we do have the ability for three-year [ph] rate structure. We’ve continued to review this annually and believe that it’s the current course has been the best for balance between the shareholders and fair rates for our customers. Jeanne Jones: David, I think the – so tapping off of that. On PECO, I would look you to Slide 16. So there is the second year of PECO in 2023. But to your point, beyond 2023, we expect to be within or above the range. And so, while you have PECO in 2023, there’s a couple other factors impacting 2023 that don’t carry forward. Unlike, our assumption that PECO continues on this three-year rate case cycle. There’s a couple other things that are unique to 2023 that I’ll just highlight. One is, as we’ve talked about, we’re not yet through the reconciliation processes in Maryland and D.C. for the first multi-year plans. Once we get through that, the alignment between rate-based and growth and earnings growth is strengthened. So that’s number one. The second is in 2023, we have the D.C. stay out provision. So they’re still on 2022 rates. And so as we get out of that and move towards 2024, you’re going to have new rate cases, new multi-year plans for 2024, 2025, 2026. Starting in 2024, so that starts again to s

Verify independently

SEC filings for EXC · Claim quote is verbatim from the 2022Q4 earnings call.