CLAIM #23444 · EXC (EXC) · 2024Q4 earnings call · Feb 12, 2025 · due Feb 12, 2035
“Beyond the $12.6 billion transmission capital in our plan, we estimate $10 billion to $15 billion of transmission opportunity within our footprint in the next five to ten years.”
Jean · CFO
How to check this claim
Look at: Cumulative incremental transmission capital investment identified within Exelon's footprint beyond the $12.6 billion base plan, over the five-to-ten year period following the statement
It came true if: Company-disclosed additional transmission opportunity/investment identified or executed >= $10 billion (within the $10-15 billion stated range)
Where: Company investor presentations, capital plan updates, or 10-K/10-Q disclosures on transmission capital plans
In context
“s, our annualized rate base growth of 7.4% over the next four years remains fairly consistent plan over plan. With the projected addition of nearly $20 billion from 2024 to 2028. Jean: As the next slide shows, we feel confident about our ability to meet economic and energy goals, which rely more than ever on a safe, secure, and resilient grid. As you will see on slide eleven, Exelon Corporation has an unmatched platform to meet the clear need for transmission investment. The proliferation of high-density load, increased. We serve more customers than anyone else, and we are one of the largest investors in transmission among our peers. With award-winning reliability, our utilities are uniquely positioned to capitalize on the transmission opportunities beyond our existing 11,000 miles today. Beyond the $12.6 billion transmission capital in our plan, we estimate $10 billion to $15 billion of transmission opportunity within our footprint in the next five to ten years. This includes over $1 billion of additional investment to support new high-density load which is in our pipeline but not yet in our guidance. Due to its earlier stages of design and planning or estimated online dates. This website also includes investments to address teams between PJM and other regions such as the work associated with MISO Tranche 2.1. Which we are optimistic will result in at least $1 billion of spend in our ComEd service territory through PJM's supplemental spending process. Our involvement in those projects also creates opportunity to be a part of the competitive processes for the $6 billion of work MISO estimates it will bid out. And we continue to see more of a need than ever for new generation particularly to ensure our states can meet their policy goals. Transmissi”
Verify independently
SEC filings for EXC ↗ · Claim quote is verbatim from the 2024Q4 earnings call.