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Exelon Reports First Quarter 2020 Results
Exelon's GAAP Net Income for the first quarter of 2020 decreased to $0.60 per share from $0.93 per share in the first quarter of 2019. Adjusted (non-GAAP) Operating Earnings remained consistent at $0.87 per share in both the first quarter of 2020 and 2019. For the reconciliations of GAAP Net Income to Adjusted (non-GAAP) Operating Earnings, refer to the tables beginning on page 5.
(in millions) |
Exelon
Earnings per
Diluted
Share
|
Exelon |
ComEd |
PECO |
BGE |
PHI |
Generation |
2020 GAAP Net Income |
$0.60 |
$582 |
$168 |
$140 |
$181 |
$108 |
$45 |
Mark-to-Market Impact of Economic Hedging Activities (net of taxes of $32 and $33, respectively) |
(0.10) |
(94) |
— |
— |
— |
— |
(97) |
Unrealized Losses Related to Nuclear Decommissioning Trust (NDT) Fund Investments (net of taxes of $405) |
0.50 |
485 |
— |
— |
— |
— |
485 |
Asset Impairments (net of taxes of $1) |
— |
2 |
— |
— |
— |
— |
2 |
Plant Retirements and Divestitures (net of taxes of $4) |
0.01 |
13 |
— |
— |
— |
— |
13 |
Cost Management Program (net of taxes of $3, $0, $1 and $3, respectively |
0.01 |
9 |
— |
— |
1 |
2 |
8 |
Income Tax-Related Adjustments (entire amount represents tax expense) |
— |
(2) |
— |
— |
— |
— |
— |
Noncontrolling Interests (net of taxes of $30) |
(0.15) |
(144) |
— |
— |
— |
— |
(144) |
2020 Adjusted (non-GAAP) Operating Earnings |
$0.87 |
$851 |
$168 |
$140 |
$182 |
$110 |
$312 |
(in millions) |
Exelon
Earnings per
Diluted
Share
|
Exelon |
ComEd |
PECO |
BGE |
PHI |
Generation |
If you are a member of the media, please contact:
667-218-7700
Paul Adams
paul.adams@constellation.com
David Snyder
david.snyder@constellation.com