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.”
