Press release
Exelon Reports Third Quarter 2021 Results
Earnings Release Highlights GAAP Net Income of $1.23 per share and Adjusted (non-GAAP) Operating Earnings of $1.09 per share for the third quarter of 2021
About this update from Exelon Corporation
[{"type":"text","content":"\nEarnings Release Highlights\n\n\nGAAP Net Income of $1.23 per share and Adjusted (non-GAAP) Operating Earnings of $1.09 per share for the third quarter of 2021\n\n\nNarrowing guidance range for full year 2021 Adjusted (non-GAAP) Operating Earnings from $2.60-$3.00 per share to $2.70-$2.90 per share\n\n\nStrong utility reliability performance -- every utility achieved top decile in outage frequency, every utility achieved top quartile in outage duration and all gas utilities achieved top decile in gas odor response\n\n\nGeneration’s nuclear fleet capacity factor was 96.0% (owned and operated units)\n\n\nFederal Energy Regulatory Commission (FERC) approved the planned separation of Generation in August\n\n\nExelon Generation purchased EDF’s 49.99% equity interest in CENG for a net purchase price of $885 million\n\n\nPassage of the Illinois Clean Energy Law in September preserved operation of Byron and Dresden generating stations, strengthening the state’s clean energy leadership; the law also contains requirements associated with ComEd’s transition away from the performance-based electric distribution formula rate\n\n\nDelmarva Power Maryland filed an electric distribution rate case with the Maryland Public Service Commission (MDPSC) in September seeking an increase in base rates to support an updated depreciation study and continued investments in the system to enhance grid reliability and customer service\n\n\nAn order from the Delaware Public Service Commission (DPSC) in Delmarva Power Delaware’s electric distribution rate case was received in September\n\n\n CHICAGO--(BUSINESS WIRE)--\nExelon Corporation (Nasdaq: EXC) today reported its financial results for the third quarter of 2021.\n\n“We achieved several critical milestones during the third quarter, starting with passage of landmark clean energy legislation in Illinois that preserves our nuclear fleet and puts the state on a path to zero emissions by 2045,” said Chris Crane, president and CEO of Exelon. “We also remain on track to complete the separation of our utility and competitive generation businesses in the first quarter of next year, having recently named executive leadership, secured approval from the Federal Energy Regulatory Commission and completed the acquisition of EDF’s stake in three of our nuclear plants. We continue to live our values by launching a $36 ...