CLAIM #23528 · EXC (EXC) · 2025Q3 earnings call · Nov 4, 2025 · due Dec 31, 2028
“Yes. We want to stay on that path to 14%, as we mentioned. So this would be good momentum towards that 14% by the end of the planning period.”
Jeanne Jones · CFO
How to check this claim
Look at: FFO-to-debt ratio (or equivalent credit metric referenced as the '14%' target)
It came true if: Reported ratio >= 14% by end of planning period
Where: Company-disclosed credit metrics / financing plan updates (earnings calls, investor presentations)
In context
“hopeful [indiscernible] end of the year. We know the IRS is working on additional sort of guidance for CAMT. And so hopeful we get that clarity by the end of the year. We do know some guidance was put out. The way it was written, didn't achieve sort of the full intent. And so we're still working on that. But what I would say, though, is that, as we've talked about, that would be incremental cushion into the balance sheet and would be factored into the full update for our financing plan on Q4. But pleased to see progress there. I just want to hopefully close it out here in this year. Nicholas Campanella: And I guess like if you had the opportunity to use that cushion, is it less equity needs or accelerate CapEx further, just cognizant of the different pushes and pulls there? Jeanne Jones: Yes. We want to stay on that path to 14%, as we mentioned. So this would be good momentum towards that 14% by the end of the planning period. And I think we would -- we've got equity in there. We've got hybrids. We've got additional capital coming in. So we'll put all that together and make sure that we deliver kind of the most efficient plan while we maintain that 14% or better, but also driving the 5% to 7% midpoint or better. So we'll factor that all in, but I would say that, that's just helpful as we think about the cushion towards that 14%. Nicholas Campanella: That's great. And then just if I could really quick. I know it's small, but just the ACE rate case has been going on for a long time. And you're still saying that you're on track to settle this case. And maybe you can kind of talk a little bit about what's kind of informing the view that settlement is still on the table and why this wouldn't just go to a final order”
Verify independently
SEC filings for EXC ↗ · Claim quote is verbatim from the 2025Q3 earnings call.