regulatory
confidence high
sentiment negative
materiality 0.75
ComEd gets ~$450M 2024 rate hike vs $968M requested; BGE rates cut; Exelon reaffirms EPS guidance
EXELON CORP
- ICC order grants ComEd ~$450M 2024 rate increase versus $968M requested; ROE set at 8.905% vs requested 10.50-10.65%.
- ICC rejected ComEd's Grid Plan; ComEd must file revised plan by March 13, 2024; rate base frozen at 2022 year-end until approval.
- BGE receives $41M/$113M/$25M electric rate increases (2024-2026) and $126M/$62M/$41M gas increases; ROE ~9.5% vs 10.40% requested.
- ComEd will seek rehearing on ROE, capital structure, and denial of return on pension asset; ICC must act within 20 days of filing.
- Exelon reaffirms 2023 adjusted (non-GAAP) Operating EPS guidance range of $2.32-$2.40 per share.