Exelon CORP 10-K Filing

Ticker: EXC · Form: 10-K · Filed: Feb 12, 2025 · CIK: 1109357

Exelon CORP 10-K Filing Summary
FieldDetail
CompanyExelon CORP (EXC)
Form Type10-K
Filed DateFeb 12, 2025
Pages14
Reading Time17 min
Key Dollar Amounts$12.50, $0.01, $2.25, $3.00
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-K filing submitted by Exelon CORP (ticker: EXC) to the SEC on Feb 12, 2025.

What are the key financial figures in this filing?

Key dollar amounts include: $12.50 (mmonwealth Edison Company Common Stock, $12.50 par value No established market PECO E); $0.01 (ac Electric Power Company Common Stock, $0.01 par value 100 Delmarva Power & Light C); $2.25 (rva Power & Light Company Common Stock, $2.25 par value 1,000 Atlantic City Electric); $3.00 (tic City Electric Company Common Stock, $3.00 par value 8,546,017 Documents Incorpo).

How long is this filing?

Exelon CORP's 10-K filing is 14 pages with approximately 4,211 words. Estimated reading time is 17 minutes.

Where can I view the full 10-K filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,211 words · 17 min read · ~14 pages · Grade level 18.4 · Accepted 2025-02-12 14:17:01

Key Financial Figures

Filing Documents

BUSINESS

BUSINESS 7 General 7 Utility Operations 8 Exelon's Strategy and Outlook 11 Employees 12 Environmental Matters and Regulation 14 Executive Officers of the Registrants 18 ITEM 1A.

RISK FACTORS

RISK FACTORS 22 ITEM 1B. UNRESOLVED STAFF COMMENTS 31 ITEM 1C. CYBERSECURITY 31 ITEM 2.

PROPERTIES

PROPERTIES 34 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 35 ITEM 4. MINE SAFETY DISCLOSURES 35 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES 36 ITEM 6. [RESERVED] 40 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41 Exelon Corporation 41 Executive Overview 41 Financial Results of Operations 41 Significant 2024 Transactions and Developments 43 Other Key Business Drivers and Management Strategies 45 Critical Accounting Policies and Estimates 47 Results of Operations 55 Commonwealth Edison Company 55 PECO Energy Company 58 Baltimore Gas and Electric Company 62 Pepco Holdings LLC 65 Potomac Electric Power Company 66 Delmarva Power & Light Company 69 Atlantic City Electric Company 73 Liquidity and Capital Resources 75 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 91 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 93 Exelon Corporation Consolidated Statements of Operations and Comprehensive Income 117 Page No. Consolidated Statements of Cash Flows 118 Consolidated Balance Sheets 119 Consolidated Statements of Changes in Shareholders' Equity 121 Commonwealth Edison Company Consolidated Statements of Operations and Comprehensive Income 122 Consolidated Statements of Cash Flows 123 Consolidated Balance Sheets 124 Consolidated Statements of Changes in Shareholders' Equity 126 PECO Energy Company Consolidated Statements of Operations and Comprehensive Income 127 Consolidated Statements of Cash Flows 128 Consolidated Balance Sheets 129 Consolidated Statements of Changes in Shareholder's Equity 131 Baltimore Gas and Electric Company 132 133 Balance Sheets 134 136 Pepco Holdings LLC Consolidated Statements of Operations and Comprehensive Income 137 Consolidated Statements of Cash Flows 138 Consolidated Balance Sheets 139 Consolidated Statements of Changes in Member's Equity 141 Potomac Electric Power Company 142 143 Balance Sheets 144 146 Delmarva Power & Light Company 147 148 Balance Sheets 149 151 Atlantic City Electric Company Consolidated Statements of Operations and Comprehensive Income 152 Consolidated Statements of Cash Flows 153 Consolidated Balance Sheets 154 Consolidated Statements of Changes in Shareholder's Equity 156 Combined Notes to Consolidated Financial Statements 1. Significant Accounting Policies 157 2. Discontinued Operations 164 Page No. 3.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 273 ITEM 9B. OTHER INFORMATION 273 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 274 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE 275 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 276 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 277 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 278 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 279 PART IV ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 280 ITEM 16. FORM 10-K SUMMARY 324

SIGNATURES

SIGNATURES 325 Exelon Corporation 325 Commonwealth Edison Company 326 PECO Energy Company 327 Baltimore Gas and Electric Company 328 Pepco Holdings LLC 329 Potomac Electric Power Company 330 Delmarva Power & Light Company 331 Atlantic City Electric Company 332 Table of Contents GLOSSARY OF TERMS AND ABBREVIATIONS Exelon Corporation and Related Entities Exelon Exelon Corporation ComEd Commonwealth Edison Company PECO PECO Energy Company BGE Baltimore Gas and Electric Company Pepco Holdings or PHI Pepco Holdings LLC (formerly Pepco Holdings, Inc.) Pepco Potomac Electric Power Company DPL Delmarva Power & Light Company ACE Atlantic City Electric Company Registrants Exelon, ComEd, PECO, BGE, PHI, Pepco, DPL, and ACE, collectively Utility Registrants ComEd, PECO, BGE, Pepco, DPL, and ACE, collectively Legacy PHI PHI, Pepco, DPL, ACE, PES, and PCI, collectively BSC Exelon Business Services Company, LLC EEDC Exelon Energy Delivery Company, LLC Exelon Corporate Exelon in its corporate capacity as a holding company Exelon Enterprises Exelon Enterprises Company, LLC Exelon InQB8R Exelon InQB8R, LLC PCI Potomac Capital Investment Corporation and its subsidiaries PEC L.P. PECO Energy Capital, L.P. PECO Trust III PECO Energy Capital Trust III PECO Trust IV PECO Energy Capital Trust IV Pepco Energy Services or PES Pepco Energy Services, Inc. and its subsidiaries PHI Corporate PHI in its corporate capacity as a holding company PHISCO PHI Service Company UII Unicom Investments, Inc. Former Related Entities Constellation Constellation Energy Corporation Generation Constellation Energy Generation, LLC (formerly Exelon Generation Company, LLC, a subsidiary of Exelon as of December 31, 2021 prior to separation on February 1, 2022) 1 Table of Contents GLOSSARY OF TERMS AND ABBREVIATIONS Other Terms and Abbreviations ABO Accumulated Benefit Obligation AECs Alternative Energy Credits that are issued for each megawatt hour

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