MAAT INDEX

CLAIM #23504 · EXC (EXC) · 2025Q2 earnings call · Jul 31, 2025 · due Dec 31, 2025

The only thing I would add is timing, as Calvin, as you mentioned, so we've got active cluster studies going in Illinois. We've got active cluster studies going in the Mid-Atlantic. We expect results in the third, fourth quarter.

Michael A. Innocenzo · COO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
We expect results in the third, fourth quarter.
Reported
we have finalized our cluster study approach and now account for our first transmission security agreement at PECO

In context

ctions that you're seeing from the industry to some of the large load tariffs that you're rolling out? Calvin G. Butler: We talked about we see significant activity in Illinois. And we talked about the second cluster study that's being presented and started in August, which will provide more clarity as we go forward. And then let me just be very clear, we're also seeing data center activity across our other jurisdiction. Pennsylvania, Maryland. So this is not just a one state. You just see Illinois being in the top 5 of what we're doing. So understand it's driving forward, and you'll see more of those announcements coming in. But doing it the right way with reliability in mind is key. And I'm looking at Mike. I'm going to ask Mike if you'd like to jump in there. Michael A. Innocenzo: Yes. The only thing I would add is timing, as Calvin, as you mentioned, so we've got active cluster studies going in Illinois. We've got active cluster studies going in the Mid-Atlantic. We expect results in the third, fourth quarter. Once you complete the cluster studies, you have commercial discussions with the different applicants there. So I think you would start to see in the third and fourth quarter some announcements as a result of those cluster studies coming up. Jeanne M. Jones: Yes. And we are watching the other large load tariffs across the states. ComEd did -- you may have seen ComEd filed with the ICC some proposed changes to its tariff, just seeking to not only meet the moment here with our new customers and get more clarity and certainty there, but also protect the other customer base. So just memorializing this use of cluster studies, recognizing state-certified economic development priority projects, and this would all be for projects 50 megawatts or more. So it's pretty consistent with what you're see

Verify independently

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