PPL Corporation (PPL) announced that its subsidiary Rhode Island Energy received unanimous approval from the Rhode Island Public Utilities Commission (“RIPUC”) for nearly $326 million. The planned spending between Apr 1, 2024, and Mar 31, 2025, is aimed at improving the safety and reliability of Rhode Island's electric and gas networks.The proposed spending is related to Rhode Island Energy’s annual infrastructure, safety and reliability plans for gas and electricity. It covers approximately $300 million in ...

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CHICAGO--(BUSINESS WIRE)--As directed by the Illinois Commerce Commission (ICC), ComEd today submitted to the ICC a refiled multi-year grid plan that will increase access to the benefits of clean and renewable energy in alignment with the Climate and Equitable Jobs Act (CEJA). In December of 2023, the ICC rejected ComEd’s original multi-year grid plan, requiring ComEd to file a revised grid plan in 90 days, and asking the company for a plan that includes additional focus on affordability, cost effectiveness ...

CHICAGO--(BUSINESS WIRE)--ComEd yesterday presented a proposal to the Illinois Commerce Commission (ICC) outlining a new Low-Income Discount (LID) program to help income-eligible customers manage their energy bills. The proposed program would enable qualifying customers to receive a percentage-based discount on their monthly electric bill determined by income level. Those with household incomes less than or equal to 50% of the Federal Poverty Level (FPL) will receive the greatest discount. However, customer ...

CHICAGO--(BUSINESS WIRE)--Following the honor of being named the nation’s most reliable utility in 2023, ComEd today announced that it has been recognized by Chartwell, a utility-focused research organization, with three awards for its outstanding outage management in 2023. The awards include: Gold in Emergency Management for ComEd’s Operation Power Play event, Gold in Outage Operations for ComEd’s Unmanned Aircraft System (UAS) program, and Bronze in Outage Operations for ComEd’s new Area Restoration Manag ...

CHICAGO--(BUSINESS WIRE)--Exelon (Nasdaq, EXC) announced today the retirement of Doug Brown, senior vice president and chief investment officer. Upon Brown’s retirement on July 1, 2024, Jessica Hart, currently Exelon’s vice president of Investment Strategy and Public Markets, will be promoted to senior vice president and chief investment officer. Hart will lead the team responsible for managing all of Exelon’s investment activities including pension funds, defined contribution plans and other employee benef ...

ComEd荣获奖项 - ComEd荣获2024年最佳实践奖，其中包括消费者教育奖[1] Powering Lives资源博览会 - ComEd与当地社区组织合作举办了四次Powering Lives资源博览会，成功帮助3000多名客户连接到支持计划[2] - ComEd的资源博览会旨在为低收入家庭提供账单援助、能源管理计划、健康检查、就业培训等支持选项[3]

财务数据和关键指标变化 - 2023年第四季度公司实现每股调整后经营收益0.60美元,全年实现每股调整后经营收益2.38美元,达到指引范围的上限,较2022年指引中值增长近6% [41] - 2023年全年公司受益于ComEd配电ROE上升、PECO折旧有利于预期等因素,克服了创纪录的温和天气和新泽西州罢工带来的挑战,实现了指引范围内的上半部分 [42][45] 各条业务线数据和关键指标变化 - 公司各业务线2023年表现出色,ComEd和Pepco Holdings创下最佳可靠性纪录 [32][33] - 公司2023年安全绩效欠佳,需要高度关注并进行改善 [35] - 公司客户满意度在第四季度几乎全面提升,ComEd进入第一四分位 [36][37] 各个市场数据和关键指标变化 - 公司在马里兰州BGE和新泽西州ACE的多年期费率计划获得积极进展,支持智能电表部署、电动车充电设施等投资 [11] - 伊利诺伊州ComEd的多年期费率计划最终裁决令人失望,未能充分反映投资成本,采用了大幅低于平均水平的ROE,拒绝了公司的电网计划 [12][13] 公司战略和发展方向及行业竞争 - 公司计划未来4年内投资345亿美元,较上次披露增加32亿美元,主要用于输电网投资,以支持可再生能源和电气化发展 [15][20][21] - 公司将通过提高运营效率、采用新技术等措施,维持每年约2%的运营成本增长,为客户节省4亿美元 [71][72][73][74] - 公司作为全国最大的输配电公用事业,拥有独特的规模和平台优势,有能力引领能源转型 [103][104] 管理层对经营环境和未来前景的评论 - 管理层对伊利诺伊州监管环境的不确定性表示失望,将重点关注2024年恢复在该州的发展势头 [12][13][14] - 管理层对公司在其他6个管辖区的发展前景保持信心,预计2023-2027年每年实现5%-7%的调整后经营收益增长 [18][22][93] 问答环节重要的提问和回答 问题1 **Shar Pourreza 提问** 对伊利诺伊州监管裁决的影响和应对措施 [111][112][113][114] **Jeanne Jones 回答** 公司已经调整2024年指引,并准备根据监管进程的不同结果进行相应调整 [116][117][118] 问题2 **Nicholas Campanella 提问** 资本支出计划的变化及其对率基的影响 [122][123][124] **Jeanne Jones 回答** 主要是由于从配电转向输电投资,输电项目投产时间较晚,导致短期内率基增长放缓 [123][124][125][126] 问题3 **Ross Fowler 提问** 如果伊利诺伊州监管进一步恶化,公司还有哪些应对措施 [152][153][154][155][156][157][158][159] **Jeanne Jones 回答** 公司已经在计划中预留了缓冲,可以通过降低资本支出、运营成本等措施来应对,同时还有其他管辖区的发展机会 [153][154][155][156][157][158]

Exelon (EXC) reported $5.37 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15%. EPS of $0.60 for the same period compares to $0.43 a year ago.The reported revenue represents a surprise of +9.44% over the Zacks Consensus Estimate of $4.91 billion. With the consensus EPS estimate being $0.58, the EPS surprise was +3.45%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

$1.44 $1.52 2023A 2024E 5-7% (1) Includes after-tax interest expense associated with debt held at Corporate. (2) Reflects 2023 original earnings guidance based on expected average outstanding shares of 996M. ComEd's 2023E original earnings guidance was based on a forward 30-year Treasury yield as of 1/31/2023. (3) 2024E earnings guidance based on expected average outstanding shares of 1,003M. (4) Aggregate amount of dividends to be paid quarterly and are subject to approval by Board of Directors. (5) Based ...