---
schema_version: "secwatch.filing_event.v1"
accession: "0001109357-23-000007"
form_type: "8-K"
ticker: "EXC"
cik: "0001109357"
company_name: "EXELON CORP"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:25:12.323708+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ComEd expected to get new Chicago franchise; $90M equity fund proposed

## Summary
- New franchise license would have initial 15-year term ending Dec 31, 2037, with 5-year extension option.
- City may acquire ComEd's Chicago utility facilities after Jan 1, 2027, under defined compensation formula.
- ComEd to fund a new nonprofit entity $90M (2023-2026) plus $20M if extended; not recovered in customer rates.
- ComEd commits $10M for workforce development initiatives; additional $10M to nonprofit if rate recovery occurs.
- Ordinance introduced Feb 1, 2023 to Chicago City Council; no assurance on final terms or approval.

## SEC filing metadata
- accession: 0001109357-23-000007
- form_type: 8-K
- ticker: EXC
- cik: 0001109357
- company_name: EXELON CORP
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000007/0001109357-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22606/000110935723000007/exc-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001109357-23-000007
- JSON: https://secwatch.observer/filing/0001109357-23-000007.json
- Plain text: https://secwatch.observer/filing/0001109357-23-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.