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Delmarva Power & Light

Exelon incorporated in Pennsylvania in February 1999, is a utility services holding company engaged, through Generation, in the energy generation business, and through ComEd, PECO, BGE, PHI, Pepco, DPL and ACE in the energy delivery businesses discussed below. Exelon’s principal executive offices are located at 10 South Dearborn Street, Chicago, Illinois 60603.

Calendar

3 Aug 22
9 Aug 22
31 Dec 22

Financial report summary

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Management Discussion
  • Three Months Ended June 30, 2022 Compared to Three Months Ended June 30, 2021. Net income increased by $35 million as compared to the same period in 2021, primarily due to increases in electric distribution formula rate earnings (reflecting higher allowed electric distribution ROE due to an increase in treasury rates and the impacts of higher rate base).
  • Six Months Ended June 30, 2022 Compared to Six Months Ended June 30, 2021. Net income increased by $25 million as compared to the same period in 2021, primarily due to increases in electric distribution formula rate earnings (reflecting higher allowed electric distribution ROE due to an increase in treasury rates and the impacts of higher rate base) partially offset by the voluntary customer refund related to the ICC investigation of matters identified in the Deferred Prosecution Agreement. See Note 12 — Commitments and Contingencies of the Combined Notes to Consolidated Financial Statements for additional information.
  • Revenue Decoupling. The demand for electricity is affected by weather and customer usage. Operating revenues are not impacted by abnormal weather, usage per customer, or number of customers as a result of revenue decoupling mechanisms implemented pursuant to FEJA.

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