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Exelon Announces First Quarter 2014 Results
Earnings within guidance range despite extreme weather

April 30, 2014

Exelon Corporation (NYSE: EXC) announced first quarter 2014 consolidated earnings.

First Quarter Operating Results

  • As shown in the table above, Exelon’s adjusted (non-GAAP) operating earnings decreased to $0.62 per share in the first quarter of 2014 from $0.70 per share in the first quarter of 2013. Earnings in the first quarter of 2014 primarily reflected the following negative factors:
  • Lower realized energy prices and higher procurement costs for replacement power;
  • Increased storm costs, primarily at PECO resulting from the February 5, 2014 ice storm; and
  • Decreased nuclear and fossil output during 2014 primarily due to outage days.
  • These factors were offset by:
  • Increased capacity prices related to the Reliability Pricing Model (RPM) for the PJM Interconnection, LLC market (PJM);
  • Increased distribution revenue at BGE, due to the rate case orders for electric and natural gas, and at ComEd due to increased investment and allowed ROE; and
  • Favorable weather at PECO and ComEd related to colder than average weather.

Click here to read the full press release.

For more information:

Exelon Corporation
10 S Dearborn St - 37th Fl
Chicago, Illinois
United States, 60690-5398

Link http://www.electricenergyonline.com/detail_news.php?ID=480090
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