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Exelon Reports Third Quarter 2019 Results
October 31, 2019 6:51 AM EDTEarnings Release Highlights
GAAP Net Income of $0.79 per share and Adjusted (non-GAAP) Operating Earnings of $0.92 per share for the third quarter of 2019 Narrowing guidance range for full year 2019 Adjusted (non-GAAP) Operating Earnings from $3.00- $3.30 per share to $3.05 - $3.20 per share Announcing additional annual cost savings of $100 million; savings of $75 million of operating and maintenance expenses and $25 million of other expenses; full run-rate savings to be achieved in 2022 New Yorks Supreme Court rejected challenges to New Yorks Zero Emissions Credit (ZEC) Program Strong utility customer operations performance - every... MoreExelon Generation and State of Maryland Reach Agreement to Restore and Sustain the Chesapeake Bay
October 29, 2019 11:30 AM EDTHistoric agreement on the Conowingo Dam is a win for the environment, the economy, the State of Maryland and the entire Chesapeake Bay region
DARLINGTON, Md.--(BUSINESS WIRE)-- Today, Exelon Generation announced that it has reached an historic settlement agreement with the State of Maryland that will protect the long-term health of the Chesapeake Bay and preserve Marylands largest source of renewable energy, the Conowingo Dam. The benefits to Maryland and the Chesapeake Bay are valued at more than $200 million over the anticipated 50-year life of the license, which will be... More
