Press release
Exelon Reports Fourth Quarter and Full Year 2019 Results and Initiates 2020 Financial Outlook
Exelon's GAAP Net Income for the fourth quarter of 2019 increased to $0.79 per share from $0.16 per share in the fourth quarter of 2018. Adjusted (non-GAAP)
About this update from Exelon Corporation
[{"type":"text","content":"\n\nExelon's GAAP Net Income for the fourth quarter of 2019 increased to $0.79 per share from $0.16 per share in the fourth quarter of 2018. Adjusted (non-GAAP) Operating Earnings increased to $0.83 per share in the fourth quarter of 2019 from $0.58 per share in the fourth quarter of 2018\n\n\nExelon introduces 2020 adjusted (non-GAAP) operating earnings guidance range of $3.00-$3.30 per share, reflecting growth in Utilities, offset by lower realized energy and capacity revenues\n\n\nExelon Utilities project capital expenditures of $26 billion over the next four years to benefit its customers, supporting 7.3% annual rate base growth\n\n\nAll four utilities ended the year with their best performance ever on customer satisfaction\n\n\nComEd had its best performance ever in SAIFI and CAIDI, performing in the top decile for both\n\n\nGeneration’s nuclear fleet capacity factor of 95.7% was the company's highest ever (owned and operated units)\n\n\n CHICAGO--(BUSINESS WIRE)--\nExelon Corporation (Nasdaq: EXC) today reported its financial results for the fourth quarter and full year 2019.\n\n\n“Each of our utilities achieved record-high customer satisfaction in 2019 as we continued to invest in infrastructure to increase reliability and prepare the grid to accommodate more renewable energy, electric vehicles and other technology necessary to meet the challenge of climate change,” said Christopher M. Crane, president and CEO of Exelon. “Our nuclear fleet achieved its highest capacity factor in company history, and our total generation output accounted for about 12 percent of all the carbon-free energy produced in the U.S., avoiding nearly 81 million metric tons of greenhouse gas emissions. We continued to support the communities we serve last year by volunteering a record-breaking 251,000 hours and donating nearly $52 million to nonprofits.”\n\n\n“We reported another strong year, with full-year adjusted (non-GAAP) earnings of $3.22 per share coming in above our revised guidance of $3.05 to $3.20 per share,” said Joseph Nigro, senior executive vice president and CFO, Exelon. “Last year we invested $5.5 billion in capital at the utilities - or about $150 million more than originally planned - to modernize the electric grid, and we are on track to invest an additional $6.5 billion in the year ahead as we work to provide our customers with ...