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Peco Energy

Filed: 8 May 20, 7:03am


 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 
 Washington, D.C. 20549 
 FORM8-K 
 CURRENT REPORT 
 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 
 
May 8, 2020
 
 Date of Report (Date of earliest event reported) 
Commission
File Number
 Name of Registrant; State or Other Jurisdiction of Incorporation; Address of Principal Executive Offices; and Telephone Number IRS Employer Identification Number
     
001-16169 EXELON CORPORATION 23-2990190
  (a Pennsylvania corporation)
10 South Dearborn Street
P.O. Box 805379
Chicago, Illinois 60680-5379
(800) 483-3220
  
     
333-85496 EXELON GENERATION COMPANY, LLC 23-3064219
  (a Pennsylvania limited liability company)
300 Exelon Way
Kennett Square, Pennsylvania 19348-2473
(610) 765-5959
  
     
001-01839 COMMONWEALTH EDISON COMPANY 36-0938600
  (an Illinois corporation)
440 South LaSalle Street
Chicago, Illinois 60605-1028
(312) 394-4321
  
     
000-16844 PECO ENERGY COMPANY 23-0970240
  (a Pennsylvania corporation)
P.O. Box 8699
2301 Market Street
Philadelphia, Pennsylvania 19101-8699
(215) 841-4000
  
     
001-01910 BALTIMORE GAS AND ELECTRIC COMPANY 52-0280210
  (a Maryland corporation)
2 Center Plaza
110 West Fayette Street
Baltimore, Maryland 21201-3708
(410) 234-5000
  
     
001-31403 PEPCO HOLDINGS LLC 52-2297449
  (a Delaware limited liability company)
701 Ninth Street, N.W.
Washington, District of Columbia 20068
(202) 872-2000
  
     
001-01072 POTOMAC ELECTRIC POWER COMPANY 53-0127880
  (a District of Columbia and Virginia corporation)
701 Ninth Street, N.W.
Washington, District of Columbia 20068
(202) 872-2000
  
     
001-01405 DELMARVA POWER & LIGHT COMPANY 51-0084283
  (a Delaware and Virginia corporation)
500 North Wakefield Drive
Newark, Delaware 19702
(202) 872-2000
  
     
001-03559 ATLANTIC CITY ELECTRIC COMPANY 21-0398280
  (a New Jersey corporation)
500 North Wakefield Drive
Newark, Delaware 19702
(202) 872-2000
  





Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
EXELON CORPORATION:    
Common Stock, without par value EXC The Nasdaq Stock Market LLC
     
PECO ENERGY COMPANY:    
Trust Receipts of PECO Energy Capital Trust III, each representing a 7.38% Cumulative Preferred Security, Series D, $25 stated value, issued by PECO Energy Capital, L.P. and unconditionally guaranteed by PECO Energy Company EXC/28 New York Stock Exchange
Indicate by check mark whether any of the registrants are emerging growth companies as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if any of the registrants have elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

    



Section 2 - Financial Information
Item 2.02. Results of Operations and Financial Condition.
Section 7 - Regulation FD
Item 7.01. Regulation FD Disclosure.
 
On May 8, 2020, Exelon Corporation (Exelon) announced via press release its results for the first quarter ended March 31, 2020. A copy of the press release and related attachments is attached hereto as Exhibit 99.1. Also attached as Exhibit 99.2 to this Current Report on Form 8-K are the presentation slides to be used at the first quarter 2020 earnings conference call. This Form 8-K and the attached exhibits are provided under Items 2.02, 7.01 and 9.01 of Form 8-K and are furnished to, but not filed with, the Securities and Exchange Commission.

Exelon has scheduled the conference call for 9:00 AM CT (10:00 AM ET) on May 8, 2020. The call-in number in the U.S. and Canada is 855-982-8076. If requested, the conference ID number is 2969489. Media representatives are invited to participate on a listen-only basis. The call will be webcast and archived on the Investor Relations page of Exelon’s website: www.exeloncorp.com.

Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits

(d)    Exhibits.
Exhibit No.Description
101Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104The cover page from the Current Report on Form 8-K, formatted as Inline XBRL.

* * * * *
This combined Current Report on Form 8-K is being furnished separately by Exelon, Exelon Generation Company, LLC, Commonwealth Edison Company, PECO Energy Company, Baltimore Gas and Electric Company, Pepco Holdings LLC, Potomac Electric Power Company, Delmarva Power & Light Company, and Atlantic City Electric Company (Registrants). Information contained herein relating to any individual Registrant has been furnished by such Registrant on its own behalf. No Registrant makes any representation as to information relating to any other Registrant.

This report contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties, including, among others, statements related to the expected or potential impact of the novel coronavirus (COVID-19) pandemic, and the related responses of various governments and regulatory bodies, customers, and the company, on our business, financial condition and results of operations, and any such forward-looking statements, whether concerning the COVID-19 pandemic or otherwise, involve risks, assumptions and uncertainties. Words such as “could,” “may,” “expects,” “anticipates,” “will,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “predicts,” and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic and financial performance, are intended to identify such forward-looking statements.
The factors that could cause actual results to differ materially from the forward-looking statements made by the Registrants include those factors discussed herein, as well as the items discussed in (1) the Registrants' 2019 Annual Report on Form 10-K in (a) Part I, ITEM 1A. Risk Factors, (b) Part II, ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) Part II, ITEM 8. Financial Statements and Supplementary Data: Note 18, Commitments and Contingencies; (2) the Registrants' First Quarter 2020 Quarterly Report on Form 10-Q (to be filed on May 8, 2020) in (a) Part II, ITEM 1A. Risk Factors; (b) Part I, ITEM 2. Management’s Discussion





and Analysis of Financial Condition and Results of Operations and (c) Part I, ITEM 1. Financial Statements: Note 14, Commitments and Contingencies; and (3) other factors discussed in filings with the SEC by the Registrants.
Investors are cautioned not to place undue reliance on these forward-looking statements, whether written or oral, which apply only as of the date of this report. None of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this report.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 EXELON CORPORATION
  
 /s/ Joseph Nigro
 Joseph Nigro
 Senior Executive Vice President and Chief Financial Officer
 Exelon Corporation
  
 EXELON GENERATION COMPANY, LLC
  
 /s/ Bryan P. Wright
 Bryan P. Wright
 Senior Vice President and Chief Financial Officer
 Exelon Generation Company, LLC
  
 COMMONWEALTH EDISON COMPANY
  
 /s/ Jeanne M. Jones
 Jeanne M. Jones
 Senior Vice President, Chief Financial Officer and Treasurer
 Commonwealth Edison Company
  
 PECO ENERGY COMPANY
  
 /s/ Robert J. Stefani
 Robert J. Stefani
 Senior Vice President, Chief Financial Officer and Treasurer
 PECO Energy Company
  
 BALTIMORE GAS AND ELECTRIC COMPANY
  
 /s/ David M. Vahos
 David M. Vahos
 Senior Vice President, Chief Financial Officer and Treasurer
 Baltimore Gas and Electric Company
  





 PEPCO HOLDINGS LLC
  
 /s/ Phillip S. Barnett
 Phillip S. Barnett
 Senior Vice President, Chief Financial Officer and Treasurer
 Pepco Holdings LLC
  
 POTOMAC ELECTRIC POWER COMPANY
  
 /s/ Phillip S. Barnett
 Phillip S. Barnett
 Senior Vice President, Chief Financial Officer and Treasurer
 Potomac Electric Power Company
  
 DELMARVA POWER & LIGHT COMPANY
  
 /s/ Phillip S. Barnett
 Phillip S. Barnett
 Senior Vice President, Chief Financial Officer and Treasurer
 Delmarva Power & Light Company
  
 ATLANTIC CITY ELECTRIC COMPANY
  
 /s/ Phillip S. Barnett
 Phillip S. Barnett
 Senior Vice President, Chief Financial Officer and Treasurer
 Atlantic City Electric Company
May 8, 2020






EXHIBIT INDEX

Exhibit No.Description
101Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104The cover page from the Current Report on Form 8-K, formatted as Inline XBRL.