EXELON CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
Contents
General
Corporate Structure and Business and Other Information
Exelon is a utility services holding company engaged in the energy transmission and distribution businesses through ComEd, PECO, BGE, Pepco, DPL, and ACE.
On February 21, 2021, Exelon’s Board of Directors approved a plan to separate the Utility Registrants and Generation. The separation was completed on February 1, 2022, creating two publicly traded companies, Exelon and Constellation. See Note 2 – Discontinued Operations of the Combined Notes to Consolidated Financial Statements for additional information.
| Name of Registrant | Business | Service Territories |
|---|---|---|
| Commonwealth Edison Company | Purchase and regulated retail sale of electricity | Northern Illinois, including the City of Chicago |
| Transmission and distribution of electricity to retail customers | ||
| PECO Energy Company | Purchase and regulated retail sale of electricity and natural gas | Southeastern Pennsylvania, including the City of Philadelphia (electricity) |
| Transmission and distribution of electricity and distribution of natural gas to retail customers | Pennsylvania counties surrounding the City of Philadelphia (natural gas) | |
| Baltimore Gas and Electric Company | Purchase and regulated retail sale of electricity and natural gas | Central Maryland, including the City of Baltimore (electricity and natural gas) |
| Transmission and distribution of electricity and distribution of natural gas to retail customers | ||
| Pepco Holdings LLC | Utility services holding company engaged, through its reportable segments: Pepco, DPL, and ACE | Service Territories of Pepco, DPL, and ACE |
| Potomac Electric Power Company | Purchase and regulated retail sale of electricity | District of Columbia and Major portions of Montgomery and Prince George’s Counties, Maryland |
| Transmission and distribution of electricity to retail customers | ||
| Delmarva Power & Light Company | Purchase and regulated retail sale of electricity and natural gas | Portions of Delaware and Maryland (electricity) |
| Transmission and distribution of electricity and distribution of natural gas to retail customers | Portions of New Castle County, Delaware (natural gas) | |
| Atlantic City Electric Company | Purchase and regulated retail sale of electricity | Portions of Southern New Jersey |
| Transmission and distribution of electricity to retail customers |
Business Services
Through its business services subsidiary, BSC, Exelon provides its subsidiaries with a variety of support services at cost, including legal, human resources, finance, information technology, and supply management services. PHI also has a business services subsidiary, PHISCO, which provides a variety of support services at cost, including legal, finance, engineering, customer operations, transmission and distribution planning, asset management, system operations, and power procurement, to PHI operating Registrants. The costs of BSC and PHISCO are directly charged or allocated to the applicable subsidiaries. The results of Exelon’s corporate operations are presented as “Other” within the consolidated financial statements and include intercompany eliminations unless otherwise disclosed.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.