Exelon Corporation (EXC) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 3, 2023 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Hello and welcome to Exelon's First Quarter Earnings Call. My name is Gigi and I'll be your event specialist today. All lines have been placed on mute to prevent any background noise. Please note that today's webcast is being recorded. During the presentation, we'll have a question-and-answer session. [Operator Instructions]

It is now my pleasure to turn today's program over to Andy Plenge, Vice President of Investor Relations. The floor is yours.

Andrew Plenge

Thank you, Gigi. Good morning everyone. We are pleased to have you with us for our 2023 first quarter earnings call. Leading the call today are Calvin Butler, Exelon's President and Chief Executive Officer; and Jeanne Jones, Exelon's Chief Financial Officer. Other members of Exelon's senior management team are also with us today and will be available to answer your questions following our prepared remarks.

You may have seen that we issued our earnings release this morning, our release along with the presentation being used for today's can be found in the Investor Relations section of Exelon's website.

As a reminder, the earnings release and other matters that we will discuss during today's call, contain forward-looking statements and estimates that are subject to various risks and uncertainties. As a result, actual results could differ from our forward-looking statements based on factors and assumptions discussed in today's material and comments made during this call.

You can find in today's 8-K and Exelon's other SEC filings for discussions of risk factors and other factors that may cause results to differ from management's projections, forecasts and expectations. In addition, today's presentation includes references to adjusted operating earnings and other non-GAAP measures. Both the appendix of our presentation and our earnings release contain information for reconciliations between the GAAP measures and the nearest equivalent GAAP measures. We've scheduled 45 minutes for today’s call.

And it is now my pleasure to turn the call over to Calvin Butler, Exelon's President and CEO.

Calvin Butler

Thank you, Andy and good morning, everyone. We appreciate you joining us for our first quarter earnings call. Our team of 19,000-plus employees have entered this first full year of operations after the separation, excited to lead the energy transformation as a premier T&D utility, and it shows in our results. We are delivering our plan on course.