Earnings Performance: Exelon reported operating earnings of $0.39 per share for Q2 2025, slightly above guidance but down from $0.47 per share in Q2 2024, primarily due to increased costs and storm-related impacts. The company remains on track for full-year operating earnings guidance of $2.64 to $2.74 per share.

Regulatory and Legislative Engagement: The company continues to engage actively with state governments on energy legislation, especially in states like Illinois, Pennsylvania, and New Jersey, aiming to secure utility ownership of generation and initiate efficiency efforts. This involvement is seen as critical to shaping future energy landscapes and enhancing reliability.

Investment Pipeline and Growth Outlook: Exelon projects an investment of $38 billion through 2028, with an additional $10 billion to $15 billion for transmission projects, which is expected to contribute to annualized earnings growth of 5% to 7%. The company has a robust large load pipeline of over 17 gigawatts, indicating strong demand.