CLAIM #23373 · EXC (EXC) · 2024Q1 earnings call · May 2, 2024 · due Dec 31, 2024
“we look forward to a final order, which the Commission has stated should be received by the end of the year for rates effective at the beginning of next year.”
Calvin Butler · CEO
In context
“ack to deliver that. We also continue to perform in the top quartile operationally across all of our operating company utilities. On the regulatory front, we have continued to make good progress. As laid out in our fourth quarter call, a key goal this year is to improve our regulatory outlook in Illinois. We took a large step forward on March 13 when we filed our updated grid plan with the Illinois Commerce Commission. Upon hearing from the Commission in December, the ComEd team got to work the day after the order and worked tirelessly with key stakeholders over the next 90 days to create an updated grid plan that addressed the Commission's feedback. I am so proud of the ComEd team for their efforts to refile an updated grid plan that is thoroughly responsive to the ICC's direction, and we look forward to a final order, which the Commission has stated should be received by the end of the year for rates effective at the beginning of next year. And in the meantime, we are pleased that the commission approved an updated revenue requirement for ComEd in its rehearing almost 2 months ahead of the statutory deadline, which recognizes the investments made last year and the prudent expectations for continued investment in new business in Illinois. We also filed electric and gas rate cases at PECO in late March. These rate cases will support PECO's expanded investment in infrastructure, and they will enhance programs and services for customers, including assistance for low-income customers and support for customers embracing cleaner energy options. And lastly, the Delaware Public Service Commission approved a settlement in Delmarva Power & Light's electric distribution rate case, supporting continued investment in the reliability an”
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SEC filings for EXC ↗ · Claim quote is verbatim from the 2024Q1 earnings call.