EXC · 10-Q · 2026Q3 · Full report
Rate Case Outcomes
EXELON CORP · 2026-10-30 · Importance 53 · Surprise 24 · In source text
ComEd’s Illinois electric distribution rate case resulted in an approved revenue-requirement increase of $1,045 million, compared with $1,487 million requested, at an approved ROE of 8.905%. The increase took effect January 1, 2024, following approval on December 19, 2024. Exelon said approved rate increases at ComEd, BGE, and PHI partly offset year-over-year earnings declines in the third quarter of 2026.
Key facts
- Maryland legislation signed May 12, 2026, imposed a moratorium on rate cases with forecasted test years until April 1, 2027.
- New Jersey legislation signed July 7, 2026, requires ACE to participate in an RTO effective January 1, 2027, which could lead to a complaint seeking removal of the 50-basis-point transmission formula-rate incentive adder.
- Under Delaware legislation, if the DEPSC has not decided on a DPL rate filing within 7 months, DPL may implement 50% of the proposed increase subject to refund; after 12 months without a decision, it may implement 75%, also subject to refund.
- Maryland required BGE, Pepco, and DPL to participate in an RTO effective July 1, 2026; the utilities filed a July 2, 2026 FERC complaint seeking removal of the 50-basis-point transmission formula-rate incentive adder, with outcomes not expected to be material to their financial statements.
- PECO filed to withdraw its electric and gas distribution rate proceedings on April 16, 2026, and the PAPUC approved the withdrawal on April 30, 2026.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | contingent | — | Maryland legislation signed May 12, 2026, imposed a moratorium on rate cases with forecasted test years until April 1, 2027. |
| revenue | negative | contingent | — | New Jersey legislation signed July 7, 2026, requires ACE to participate in an RTO effective January 1, 2027, which could lead to a… |