MAAT INDEX

CLAIM #23495 · EXC (EXC) · 2025Q2 earnings call · Jul 31, 2025 · due Dec 31, 2025

An order is expected by the end of the year.

Jeanne Jones · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

y across our platform. We received intervenor testimony on July 25 on the Delmarva Power gas distribution rate case filed last September, keeping the rate case on track. The rate filing seeks to recover continued reliability investments such as aging piping, along with the LNG plant upgrades, which help protect customers from price volatility during peak periods. Following intervenor testimony, the case will be open for rebuttal testimony in September before evidentiary hearings are held in November, an order is expected in the first quarter of 2026. Our second open base rate case is at Atlantic City Electric, where settlement discussions remain ongoing as we seek recovery for grid improvement and modernization efforts in line with New Jersey's Energy Master Plan and the Clean Energy Act. An order is expected by the end of the year. At ComEd, our first reconciliation under the new multiyear rate plan framework is underway. As a reminder, we filed for a $268 million reconciliation adjustment primarily driven by operating under a lower revenue requirement in 2024 than what was ultimately approved by the commission. The reconciliation is also inclusive of $6 million related to a positive 5.3 basis point adjustment to our return on equity from our performance metrics. In initial testimony filed on July 15, recommended $108 million reduction in the net reconciliation amount. But noted, they would consider additional information that could impact their ultimate recommendation. We continue to feel confident in the spend we incurred in 2024 as we maintained industry-leading levels of reliability at well below average rates a

Verify independently

SEC filings for EXC · Claim quote is verbatim from the 2025Q2 earnings call.