EXC · 10-Q · 2026Q3 · Full report

Financing Activities

EXELON CORP · 2026-10-30 · Importance 27 · Surprise 6

Exelon and ComEd’s shelf registration, effective April 8, 2025, permits issuance of up to $12.6 billion of debt and equity securities through April 8, 2028. PECO and BGE have an automatically effective, unlimited-amount shelf registration for debt securities through February 20, 2027. At September 30, 2026, ComEd had $2.5 billion of FERC short-term financing authority through December 31, 2027, and $2.968 billion of remaining ICC long-term financing authority. On October 15, 2026, ComEd requested ICC authority to refinance up to $900 million of existing debt, seeking approval by January 22, 2027.

Key facts

• Exelon’s and ComEd’s combined shelf registration statement may be used to issue Exelon debt and equity securities and ComEd debt securities through April 8, 2028.
• On February 13, 2025, Exelon and ComEd filed a combined Form S-3 shelf registration statement registering $12.6 billion of securities.
• The SEC declared Exelon and ComEd’s combined shelf registration statement effective on April 8, 2025.
• Exelon issued common stock during the second and third quarters of 2026.