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Exelon earnings fall after generation spin-off, but clean energy plans promise increased growth

May 11, 2022

Slimming down its operations to improve the bottom line by focusing on transmission and distribution and separating out its generation assets had a small impact on Exelon’s net income in the first quarter of 2022. The change lowered first-quarter earnings by $0.02 per share, according to Exelon.

Crane called the spinning off of Exelon’s nuclear power and other generation assets a “milestone,” which allows it to embark on a “path as the nation’s premier transmission and distribution utility company.” After it was completed in February, he said the move puts the company “in a strong position to serve customer needs, drive growth and social equity in the communities we serve, and deliver sustainable value as our industry continues to evolve.”

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