$EXC

Exelon's CFO Jeanne Jones transitions to a new role as EVP of finance and strategy on Oct. 5, focusing on long-term strategy and capital allocation. Robert Kleczynski will succeed Jones as CFO. Exelon reported Q2 revenue of $5.97 billion, up 10% YoY, beating estimates. The company is investing in infrastructure amid rising electricity demand and pressure to keep customer bills affordable.

Exelon is lobbying Congress to modify the corporate alternative minimum tax (CAMT), established by the Inflation Reduction Act of 2022, to reduce costs for regulated utilities. The company has spent $4.31 million on lobbying over the past four quarters, focusing on H.R. 2872 and CAMT policy. Recent IRS guidance reduced Exelon's CAMT liability by $80 million, and the company received $235 million from Constellation due to lower tax attributes.

Exelon Corp. announced leadership changes, including the departure of Mike Innocenzo, COO and interim CEO of PECO, in 2027. Jeanne Jones and Robert Kleczynski will take on new finance roles. Josh Levin and Andrew Plenge will also transition into new positions in 2027. Exelon serves 11 million customers across six utilities.

Exelon is lobbying Congress and the Treasury Department to modify tax deductions for utilities under the 2022 corporate minimum tax law. The company seeks industry-specific deductions on repair costs and has spent $4.31 million on lobbying over the past four quarters. Exelon also advocates for federal funding of the Low Income Home Energy Assistance Program and recognition of Journeyman Lineworkers.

EXELON CORP (EXC) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. 1 Contact: Omar Tewfik 312-394-7417 Media Hotline omar.tewfik@exeloncorp.com FOR IMMEDIATE RELEASE Aug. 25, 2026 Exelon Announces Key Leadership Position Changes Mike Innocenzo to depart Exelon and PECO in 2027 after nearly 40 years of an “exceptional career of service and leader

Baltimore Gas and Electric (BGE) faces regulatory and public backlash over its Multi-Year Rate Plans (MRPs), which allow rate hikes based on projected spending. The Maryland PSC cut BGE's $152.3M reconciliation request by half, and the General Assembly banned future MRP true-ups. BGE's parent company, Exelon, is criticized for high profits amid rate increases. BGE employs a mix of in-house and contract lobbyists to navigate regulatory scrutiny.

Exelon (EXC) closed near its 52-week low after two banks cut price targets. Truist reduced to $48, Morgan Stanley to $53. Despite a revenue beat, shares fell. Management reaffirmed guidance, citing geographic diversification. The stock trades below peers' EV/EBITDA multiples.

Morgan Stanley reduced its price target for Exelon from $55 to $53 while maintaining an equalweight rating. The stock is currently trading at $45.06. JPMorgan also lowered its target to $47 from $50. Exelon's performance metrics and ratings were discussed.

Utility Dive roundup covers US climate grants, state VPP and microgrid bills, and utility earnings and projects. It notes a divided appeals court blocked EPA efforts to reclaim $20B Greenhouse Gas Reduction Fund grants. It also cites Southern Co’s 17 GW large-load contracts, Eversource’s Q2 income drop, and PJM’s capacity backstop plan amid data-center demand.

Simply Wall St discusses Exelon (EXC) and how storm recovery costs may affect regulated utility earnings. It cites Exelon’s Q2 2026 results: revenue of $5,967 million and net income of $396 million. It also references forecasts of $27.4 billion revenue and $3.5 billion earnings by 2029 and fair value estimates ranging from $6.58 to $49.33 per share.