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Exelon Targets $6.9 Billion in T&D Capex for 2022

Exelon Targets $6.9 Billion in T&D Capex for 2022

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Industry Segment: Power | Word Count: 388 Words

May 11, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Exelon Corporation (NASDAQ:EXC) (Chicago, Illinois), the self-described largest transmission and distribution (T&D) utility in the country, is on track to meet its $6.9 billion capital investment goal for this year, company executives said this week.

Exelon, which completed the separation from Constellation Energy Corporation (Baltimore, Maryland)--its former power generation and competitive energy business--this year, has targeted $29 billion in T&D capital expenditures from 2022 to 2025 to meet customer growth.

Exelon serves 10 million customers in the U.S., and includes six T&D-only utilities. It's areas of service include four major metropolitan areas: Chicago, Illinois; Philadelphia, Pennsylvania; Baltimore, Maryland, and Washington, D.C. For first-quarter 2022, the company reported $634 million in adjusted operating earnings for the just-ended quarter, compared with $542 million in first-quarter 2021.

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