EXELON CORP 8-K

What Happened

• Exelon Corporation filed an 8-K on April 16, 2026 disclosing that its subsidiary PECO Energy Company withdrew the electric and gas rate proceedings it had originally filed on March 30, 2026 (PAPUC Docket Nos. R-2026-3060859 and R-2026-3060860). PECO said it will continue to evaluate timing and approach for future capital investments and potential regulatory filings, balancing customer affordability, reliability needs, and regulatory engagement.
• The filing also notes that on April 13, 2026 Maryland’s Utility RELIEF Act passed the General Assembly and now awaits the Governor’s signature; if enacted it will change Maryland’s regulatory framework governing cost recovery for Exelon subsidiaries Baltimore Gas & Electric (BGE), Potomac Electric Power Company (Pepco), and Delmarva Power & Light (DPL).
• A press release was attached as Exhibit 99.1 and incorporated by reference (Regulation FD disclosure).

Key Details

• PECO withdrew rate cases filed March 30, 2026; withdrawal disclosed April 16, 2026.
• PAPUC docket numbers: R-2026-3060859 (electric) and R-2026-3060860 (gas).
• Maryland Utility RELIEF Act passed the legislature on April 13, 2026 and is pending the Governor’s signature; it would modify cost-recovery rules for BGE, Pepco, and DPL if enacted.
• PECO stated it will reassess timing/approach for longer-term grid investments, with decisions informed by affordability, reliability, and regulator engagement.

Why It Matters

• For investors, the withdrawal pauses a near-term regulatory path for PECO that could affect the timing of rate-authorized revenue and capital recovery tied to grid modernization projects.
• The Maryland Utility RELIEF Act, if signed into law, would change recovery rules for several Exelon utility subsidiaries, which could alter how certain costs are recovered in future rate proceedings.
• Both items introduce regulatory uncertainty around timing and mechanisms for cost recovery and capital spending — key inputs for utility earnings and cash flow forecasts — so investors should watch subsequent filings, PAPUC actions, and the Governor’s action in Maryland for more clarity.