Exelon boosts four-year capital spending projection to $41.7 billion
Updated
Updated · MarketWatch · May 6
Exelon boosts four-year capital spending projection to $41.7 billion
8 articles · Updated · MarketWatch · May 6
The Chicago utility posted first-quarter net income of $919 million, with adjusted earnings of 91 cents a share and revenue up 7.9% to $7.24 billion.
Exelon maintained its 2026 adjusted earnings forecast of $2.81 to $2.91 a share, despite higher interest expenses, and said the spending plan supports 7.9% rate-base growth through 2029.
The owner of ComEd and PECO said it still expects compound annual earnings growth through 2029 at the top end of its long-term 5% to 7% target.
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