HighGravityDataExelon — Feb 12, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001109357-25-000041
Showing in the filing
Additional equity in 4-year financing plan
“$1.4 billion”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 10
Quarterly dividend for Q1 FY2025
“$0.40 per share”
Expected total dividend payout ratio for FY2025
“approximate 60% payout of Adjusted (non-GAAP) operating earnings per share”
Capital expenditures
“$38 billion”
Capital expenditures increase versus prior p…
“an increase of 10% versus the prior plan”
Rate base growth for FY2024
“7.4%”
Operating EPS compounded annual growth for the long term
“5-7%”
Additional equity in 4-year financing plan
“$1.4 billion”
Incremental capital expenditures
“$3.5 billion”
Implied total annual equity needs for FY2025–2028
“$700 million per year”
Adjusted (non-GAAP) operating earnings for FY2025
“$2.64-$2.74 per share”
Exhibit 99.1 · the passage around this item
… earlier in the release
prior plan to support customer needs and grid reliability, resulting in expected rate base growth of 7.4% and operating EPS compounded annual growth of 5-7% from 2024 to 2028 • Updating 4-year financing plan to include $1.4 billion of additional equity to fund approximately 40% of $3.5 billion of incremental capital expenditures, in line with a balanced funding strategy and resulting in implied total annual equity needs of $700 million per year from 2025 through 2028 • All utilities sustained top quartile or better performance in reliability and safety, and all gas utilities sustained top decile performance in gas odor response • Close to 90% of Exelon’s rate base is now covered by established mechanisms outlining cost recovery through 2026 or 2027, with final orders issued in the fourth quarter for Pepco’s multi-year rate plan in DC, PECO’s electric and gas rate cases, and ComEd’s Refiled Grid Plan CHICAGO (Feb. 12, 2025) — Exelon Corporation (Nasdaq: EXC) today reported its financial results for the fourth quarter and full year 2024. "I am pleased to announce Exelon has delivered against our financial goals for the third straight year since becoming a transmission and delivery-only company, and we delivered top quartile performance across all our local energy companies, with ComEd and Pepco Holdings in the top decile," said Exelon President and Chief Executive Officer Calvin Butler. "Our commitment to our
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.