Exelon Corp Enters Material Definitive Agreement

TL;DR

Exelon just signed a big deal, details TBD.

AI Summary

On August 29, 2024, Exelon Corporation entered into a material definitive agreement related to its subsidiary, Commonwealth Edison Company. The filing does not disclose specific financial terms or the nature of the agreement, but it is a significant event for the company.

Why It Matters

This filing indicates a significant new contract or partnership for Exelon Corporation and its subsidiary, Commonwealth Edison, which could impact future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the terms and financial implications introduces uncertainty.

Key Players & Entities

• Exelon Corporation (company) — Filer
• Commonwealth Edison Company (company) — Subsidiary involved in the agreement
• Baltimore Gas & Electric Co (company) — Related company

FAQ

Key Financial Figures

• $900,000,000 — provides for an aggregate commitment of $900,000,000, which may be drawn down in the form of
• $1,000,000,000 — provides for an aggregate commitment of $1,000,000,000, which may be drawn down in the form of
• $600,000,000 — provides for an aggregate commitment of $600,000,000, which may be drawn down in the form of

Filing Documents

• exc-20240829.htm (8-K) — 87KB
• 0001109357-24-000158.txt ( ) — 375KB
• exc-20240829.xsd (EX-101.SCH) — 4KB
• exc-20240829_def.xml (EX-101.DEF) — 22KB
• exc-20240829_lab.xml (EX-101.LAB) — 39KB
• exc-20240829_pre.xml (EX-101.PRE) — 22KB
• exc-20240829_htm.xml (XML) — 28KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement On August 29, 2024, Exelon Corporation (Exelon), Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas & Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE, and together with Pepco and DPL, the PHI Utilities) executed five amended and restated revolving credit facilities, as described below. On August 29, 2024, Exelon entered into a five-year amended and restated revolving credit facility with JPMorgan Chase Bank (JPMCB), as Administrative Agent, and various financial institutions. This amended and restated credit facility provides for an aggregate commitment of $900,000,000, which may be drawn down in the form of loans and/or letters of credit. The amended and restated credit facility will be used principally to back up commercial paper issuances at Exelon and requirements for letters of credit. On August 29, 2024, ComEd entered into a five-year amended and restated revolving credit facility with JPMCB, as Administrative Agent, and various financial institutions. This amended and restated credit facility provides for an aggregate commitment of $1,000,000,000, which may be drawn down in the form of loans and/or letters of credit. The amended and restated credit facility will be used principally to back up commercial paper issuances at ComEd and requirements for letters of credit. On August 29, 2024, PECO entered into a five-year amended and restated credit facility with JPMCB, as Administrative Agent, and various financial institutions. This amended and restated credit facility provides for an aggregate commitment of $600,000,000, which may be drawn down in the form of loans and/or letters of credit. The amended and restated credit facility will be used principally to back up commercial paper issuances at PECO and requirements for letters of credit. On August 29, 2024, BGE entered into a five-y

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * * * * * This combined Current Report on Form 8-K is being furnished separately by Exelon Corporation, 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 Current Report contains certain forward-looking statements within the meaning of federal securities laws that are subject to risks and uncertainties. Words such as "could," "may," "expects," "anticipates," "will," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "predicts," "should," 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' 2023 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' Second Quarter 2024 Quarterly Report on Form 10-Q in (a) Part II, ITEM 1A. Risk Fact

SIGNATURES

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/ Jeanne M. Jones Jeanne M. Jones Executive Vice President and Chief Financial Officer COMMONWEALTH EDISON COMPANY /s/ Joshua S. Levin Joshua S. Levin Senior Vice President, Chief Financial Officer and Treasurer PECO ENERGY COMPANY /s/ Marissa E. Humphrey Marissa E. Humphrey Senior Vice President, Chief Financial Officer and Treasurer BALTIMORE GAS AND ELECTRIC COMPANY /s/ Michael J. Cloyd Michael J. Cloyd Vice President, Chief Financial Officer and Treasurer PEPCO HOLDINGS LLC /s/ David M. Vahos David M. Vahos Senior Vice President, Chief Financial Officer and Treasurer POTOMAC ELECTRIC POWER COMPANY /s/ David M. Vahos David M. Vahos Senior Vice President, Chief Financial Officer and Treasurer DELMARVA POWER & LIGHT COMPANY /s/ David M. Vahos David M. Vahos Senior Vice President, Chief Financial Officer and Treasurer ATLANTIC CITY ELECTRIC COMPANY /s/ David M. Vahos David M. Vahos Senior Vice President, Chief Financial Officer and Treasurer August 29, 2024 EXHIBIT INDEX Exhibit No. Description 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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View this 8-K filing on SEC EDGAR