CLAIM #23507 · EXC (EXC) · 2025Q2 earnings call · Jul 31, 2025 · due Dec 31, 2025
“But we anticipate the BGE bill impacts, and I'm looking at Tamla Olivier, the CEO of BGE, of roughly $1.5 going into our BGE customers.”
Calvin Butler · CEO
In context
“hink about how they move through those phases in correlation with the load ramps that I mentioned there. Carly S. Davenport: Got it. Okay. That's super helpful. And then maybe just a follow-up on the PJM capacity auction results and customer bills. Could you just talk a little bit about the bill impact with these auction results in place, especially with the BGE clear being lower relative to the last auctions? And then any shifts that you're anticipating in sort of the rhetoric around customer bills from here? Calvin G. Butler: Yes. So Carly, I think what you saw -- I'll address with BGE specifically. What you saw is BGE finished the last -- the previous auction higher. So the relative delta between this one and that one, that's why you saw less of an increase this time than you did last. But we anticipate the BGE bill impacts, and I'm looking at Tamla Olivier, the CEO of BGE, of roughly $1.5 going into our BGE customers. And again, I always say this, $1 increase on some of our customers' monthly bills was $1 too much. So we take it very seriously. So you see across our jurisdictions, we see anywhere from $1.5 to $4 increase going across the system. And we're doing everything we can to offset that and work with the states to mitigate it, but that's the impact we're seeing. Jeanne M. Jones: Yes. And I think in terms of your comment around sentiment, I think there is a broader understanding and recognition that this is driven by the supply costs, right? And we need the investments necessary in the grid to attract the economic development, just like we need to address these rising supply costs. And that goes back to what we're doing in terms of working with our states, having them take control, thinking of co”
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SEC filings for EXC ↗ · Claim quote is verbatim from the 2025Q2 earnings call.