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Exelon Corp., et al. – ‘8-K’ for 6/30/22

On:  Thursday, 6/30/22, at 4:47pm ET   ·   For:  6/30/22   ·   Accession #:  1109357-22-76   ·   File #s:  0-16844, 1-01072, 1-01405, 1-01839, 1-01910, 1-03559, 1-16169, 1-31403

Previous ‘8-K’:  ‘8-K’ on / for 5/9/22   ·   Next:  ‘8-K’ on / for 8/3/22   ·   Latest:  ‘8-K/A’ on 3/6/24 for 3/5/24   ·   16 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 6/30/22  Exelon Corp.                      8-K:8,9     6/30/22  199:67M
          Baltimore Gas & Electric Co.
          Commonwealth Edison Co.
          Pepco Holdings LLC
          Peco Energy Co.
          Potomac Electric Power Co.
          Atlantic City Electric Co.
          Delmarva Power & Light Co./DE

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML    659K 
 2: EX-23.1     Consent of Independent Registered Public            HTML     56K 
                Accountants - Exelon Corporation                                 
 3: EX-23.2     Consent of Independent Registered Public            HTML     54K 
                Accountants - Commonwealth Edison Co                             
 4: EX-23.3     Consent of Independent Registered Public            HTML     54K 
                Accountants - Peco Energy Company                                
 5: EX-23.4     Consent of Independent Registered Public            HTML     54K 
                Accountants - Baltimore Gas & Electric                           
 6: EX-23.5     Consent of Independent Registered Public            HTML     54K 
                Accountants - Potomac Electric Power Co                          
 7: EX-23.6     Consent of Independent Registered Public            HTML     55K 
                Accountants - Delmarva Power & Light Co                          
 8: EX-23.7     Consent of Independent Registered Public            HTML     54K 
                Accountants - Atlantic City Electric Co                          
 9: EX-99.1     Miscellaneous Exhibit                               HTML   7.40M 
15: R1          Cover Page                                          HTML    132K 
16: R2          Auditor Information                                 HTML     60K 
17: R3          Consolidated Statements of Operations and           HTML    339K 
                Comprehensive Income                                             
18: R4          Consolidated Statements of Cash Flows               HTML    277K 
19: R5          Consolidated Balance Sheets                         HTML    488K 
20: R6          Consolidated Statement of Changes in Shareholders   HTML    210K 
                Equity                                                           
21: R7          Significant Accounting Policies (All Registrants)   HTML    118K 
22: R8          Discontinued Operations (Exelon)                    HTML    179K 
23: R9          Regulatory Matters (All Registrants)                HTML    505K 
24: R10         Revenue from Contracts with Customers (All          HTML    116K 
                Registrants)                                                     
25: R11         Segment Information (All Registrants)               HTML    567K 
26: R12         Accounts Receivable (All Registrants)               HTML    190K 
27: R13         Property, Plant and Equipment (All Registrants)     HTML    213K 
28: R14         Jointly Owned Electric Utility Plant (Exelon,       HTML     65K 
                PECO, DPL and ACE)                                               
29: R15         Asset Retirement Obligations (All Registrants)      HTML     98K 
30: R16         Leases (All Registrants)                            HTML    454K 
31: R17         Intangible Assets (Exelon, ComEd, PHI, Pepco, DPL,  HTML    107K 
                and ACE)                                                         
32: R18         Income Taxes (All Registrants)                      HTML    479K 
33: R19         Retirement Benefits (All Registrants)               HTML    621K 
34: R20         Derivative Financial Instruments (All Registrants)  HTML     87K 
35: R21         Debt and Credit Agreements (All Registrants)        HTML    382K 
36: R22         Fair Value of Financial Assets and Liabilities      HTML    539K 
                (All Registrants)                                                
37: R23         Commitments and Contingencies (All Registrants)     HTML    259K 
38: R24         Shareholders' Equity (Exelon and Utility            HTML     74K 
                Registrants)                                                     
39: R25         Stock-Based Compensation Plans Stock-Based          HTML    129K 
                Compensation Plans (All Registrants)                             
40: R26         Changes in Accumulated Other Comprehensive Income   HTML    103K 
                (Exelon)                                                         
41: R27         Variable Interest Entities (Exelon, PHI, and ACE)   HTML     82K 
42: R28         Supplemental Financial Information (All             HTML    526K 
                Registrants)                                                     
43: R29         Related Party Transactions (All Registrants)        HTML    252K 
44: R30         Separation (Exelon)                                 HTML    179K 
45: R31         Schedule I - Condensed Financial Information of     HTML    275K 
                Parent (Exelon Corporate)                                        
46: R32         Schedule II - Valuation and Qualifying Accounts     HTML    329K 
47: R33         Significant Accounting Policies (Policies)          HTML    166K 
48: R34         Discontinued Operations (Tables)                    HTML    171K 
49: R35         Regulatory Matters (Tables)                         HTML    445K 
50: R36         Revenue from Contracts with Customers (Tables)      HTML    107K 
51: R37         Segment Information (Tables)                        HTML    567K 
52: R38         Accounts Receivable (Tables)                        HTML    192K 
53: R39         Property, Plant and Equipment (Tables)              HTML    216K 
54: R40         Jointly Owned Electric Utility Plant (Tables)       HTML     64K 
55: R41         Asset Retirement Obligations (Tables)               HTML     98K 
56: R42         Leases (Tables)                                     HTML    427K 
57: R43         Intangible Assets (Tables)                          HTML    109K 
58: R44         Income Taxes (Tables)                               HTML    479K 
59: R45         Retirement Benefits (Tables)                        HTML    537K 
60: R46         Derivative Financial Instruments (Tables)           HTML     69K 
61: R47         Debt and Credit Agreements (Tables)                 HTML    384K 
62: R48         Fair Value of Financial Assets and Liabilities      HTML    529K 
                (Tables)                                                         
63: R49         Commitments and Contingencies (Tables)              HTML    223K 
64: R50         Shareholders' Equity (Tables)                       HTML     73K 
65: R51         Stock-Based Compensation Plans Stock-Based          HTML    137K 
                Compensation Plans (Tables)                                      
66: R52         Changes in Accumulated Other Comprehensive Income   HTML    106K 
                (Tables)                                                         
67: R53         Variable Interest Entities (Tables)                 HTML     78K 
68: R54         Supplemental Financial Information (Tables)         HTML    532K 
69: R55         Related Party Transactions (Tables)                 HTML    254K 
70: R56         Significant Accounting Policies - Narrative         HTML     78K 
                (Details)                                                        
71: R57         Discontinued Operations and Disposal Groups         HTML     78K 
                (Details)                                                        
72: R58         Discontinued Operations (Details) - Income          HTML    123K 
                Statement                                                        
73: R59         Discontinued Operations (Details) - Balance Sheet   HTML    198K 
74: R60         Discontinued Operations (Details) - Cash Flow       HTML     91K 
75: R61         Mergers, Acquisitions, and Dispositions -           HTML     70K 
                Narrative (Details)                                              
76: R62         Mergers, Acquisitions, and Dispositions - Changes   HTML     65K 
                in Ownership Equity (Details)                                    
77: R63         Regulatory Matters- Narrative (Details)             HTML     89K 
78: R64         Regulatory Matters - Schedule of Completed Rate     HTML    217K 
                Cases (Details)                                                  
79: R65         Regulatory Matters - Schedule of Pending Rate       HTML     66K 
                Cases (Details)                                                  
80: R66         Regulatory Matters - Annual Electric Transmission   HTML     91K 
                Filings (Details)                                                
81: R67         Regulatory Matters - Energy Efficiency Formula      HTML     73K 
                Rate (Details)                                                   
82: R68         Regulatory Matters - Schedule of Regulatory Assets  HTML    411K 
                (Details)                                                        
83: R69         Regulatory Matters - Schedule of Regulatory         HTML    161K 
                Liabilities (Details)                                            
84: R70         Regulatory Matters - Capitalized Ratemaking         HTML     69K 
                Amounts Not Recognized (Details)                                 
85: R71         Revenue from Contracts with Customers - Contract    HTML     76K 
                Liabilities (Details)                                            
86: R72         Revenue from Contracts with Customers - Prior Year  HTML     66K 
                Contract Revenues Recognized in Current Year                     
                (Details)                                                        
87: R73         Revenue from Contracts with Customers -             HTML    121K 
                Performance Obligations (Details)                                
88: R74         Segment Information - Narrative (Details)           HTML     61K 
89: R75         Segment Information - Reconciliation to             HTML    269K 
                Consolidated Financial Statements (Details)                      
90: R76         Segment Information - Generation Total Revenues     HTML     73K 
                (Details)                                                        
91: R77         Segment Information - Electric and Gas Revenue by   HTML    287K 
                Customer Class (Details)                                         
92: R78         Accounts Receivable - Allowance for Credit Losses   HTML    118K 
                Rollforward (Details)                                            
93: R79         Accounts Receivable - Unbilled Customer Revenue     HTML     73K 
                (Details)                                                        
94: R80         Accounts Receivable - Purchases and Sales of        HTML     83K 
                Accounts Receivable (Detail)                                     
95: R81         Early Plant Retirements - Narrative (Details)       HTML     60K 
96: R82         Property, Plant and Equipment - Summary of          HTML    207K 
                Property, Plant and Equipment (Details)                          
97: R83         Property, Plant and Equipment - Annual              HTML     89K 
                Depreciation Provisions as Percentage of Average                 
                Service Life (Details)                                           
98: R84         Property, Plant and Equipment - Summary of          HTML     78K 
                Capitalized Interest and AFUDC (Details)                         
99: R85         Jointly Owned Electric Utility Plant - Ownership    HTML     84K 
                Interests in Jointly Owned Electric Plants and                   
                Transmission Facilities (Details)                                
100: R86         Asset Retirement Obligations - Nuclear              HTML     58K  
                Decommissioning Asset Retirement Obligation                      
                Rollforward (Details)                                            
101: R87         Asset Retirement Obligations - Non-Nuclear Asset    HTML    103K  
                Retirement Obligations Rollforward (Details)                     
102: R88         Lessee - Narrative (Details)                        HTML    143K  
103: R89         Lessee - Components of Lease Cost (Details)         HTML     87K  
104: R90         Lessee - Supplemental Balance Sheet Information     HTML    130K  
                (Details)                                                        
105: R91         Lessee - Lessee Future Minimum Operating Lease      HTML    140K  
                Maturity Payments (Details)                                      
106: R92         Lessee - Supplemental Cash Flow Information         HTML     86K  
                Related to Leases (Details)                                      
107: R93         Lessor - Narrative (Details)                        HTML     94K  
108: R94         Lessor - Components of Operating Lease Income       HTML     78K  
                (Details)                                                        
109: R95         Lessor - Operating Lease, Payments, Fiscal Year     HTML     98K  
                Maturity (Details)                                               
110: R96         Asset Impairments - Narrative (Details)             HTML     64K  
111: R97         Intangible Assets - Narrative (Details)             HTML     74K  
112: R98         Intangible Assets - Schedule of Goodwill (Details)  HTML     69K  
113: R99         Intangible Assets - Schedule of Other Intangible    HTML     72K  
                Assets (Details)                                                 
114: R100        Intangible Assets Intangible Assets - Summary of    HTML     61K  
                Amortization Expense (Details)                                   
115: R101        Intangible Assets Intangible Assets - Schedule of   HTML     70K  
                Finite-Lived Intangible Assets, Future                           
                Amortization Expense (Details)                                   
116: R102        Income Taxes - Narrative (Details)                  HTML     66K  
117: R103        Income Taxes - Components of Income Tax Expense     HTML    111K  
                (Benefit) from Continuing Operations (Details)                   
118: R104        Income Taxes - Reconciliation to Effective Tax      HTML    127K  
                Rate (Details)                                                   
119: R105        Income Taxes - Tax Effects of Temporary             HTML    132K  
                Differences and Carryforwards (Details)                          
120: R106        Income Taxes - Schedule of Carryforwards and        HTML     98K  
                Corresponding Valuation Allowances (Details)                     
121: R107        Income Taxes - Rollforward of Unrecognized Tax      HTML     96K  
                Benefits (Details)                                               
122: R108        Income Taxes - Recognition of Unrecognized Tax      HTML     57K  
                Benefits (Details)                                               
123: R109        Income Taxes - Summary of Interest and Penalties    HTML     59K  
                Receivable (Payable) (Details)                                   
124: R110        Income Taxes - Long-Term Marginal State Income Tax  HTML     61K  
                Rate (Details)                                                   
125: R111        Income Taxes - Allocation of Tax Benefits           HTML     72K  
                (Details)                                                        
126: R112        Retirement Benefits- Narrative (Details)            HTML    100K  
127: R113        Retirement Benefits - Summary of Changes in         HTML    105K  
                Benefit Obligations and Plan Assets (Details)                    
128: R114        Retirement Benefits - Benefit Obligations and Plan  HTML     71K  
                Assets in Balance Sheet (Details)                                
129: R115        Retirement Benefits- Projected Benefit Obligations  HTML     63K  
                and Accumulated Benefit Obligations in Excess of                 
                Plan Assets (Details)                                            
130: R116        Retirement Benefits - Components of Net Periodic    HTML     93K  
                Benefit Cost (Details)                                           
131: R117        Retirement Benefits - Allocated Portion of Pension  HTML     86K  
                and Postretirement Benefit Plan Costs (Details)                  
132: R118        Retirement Benefits - Components of Accumulated     HTML     84K  
                Other Comprehensive Income and Regulatory Assets                 
                (Liabilities) related to Retirement Plans                        
                (Details)                                                        
133: R119        Retirement Benefits - Gross Accumulated Other       HTML     73K  
                Comprehensive Loss and Regulatory Assets                         
                (Liabilities) not Recognized as Components of                    
                Periodic Benefit Cost (Details)                                  
134: R120        Retirement Benefits - Assumptions Used in           HTML     96K  
                Calculations (Details)                                           
135: R121        Retirement Benefits - Contributions made to         HTML    117K  
                Pension and Other Postretirement Benefit Plans                   
                (Details)                                                        
136: R122        Retirement Benefits - Estimated Future Benefit      HTML     76K  
                Payments (Details)                                               
137: R123        Retirement Benefits - Pension and Other             HTML     73K  
                Postretirement Benefit Plan Target Asset                         
                Allocations (Details)                                            
138: R124        Retirement Benefits - Fair Value Measurements of    HTML    266K  
                Pension and Postretirement Benefit Plan Assets                   
                (Details)                                                        
139: R125        Retirement Benefits - Reconciliation of Level 3     HTML     84K  
                Assets and Liabilities measured at Fair Value for                
                Pension and Other Postretirement Benefit Plans                   
                (Details)                                                        
140: R126        Retirement Benefits - Defined Contribution Savings  HTML     74K  
                Plan (Details)                                                   
141: R127        Derivative Financial Instruments - Narrative        HTML     80K  
                (Details)                                                        
142: R128        Derivative Financial Instruments - Summary of       HTML     71K  
                Derivative Fair Value Balances (Details)                         
143: R129        Derivative Financial Instruments - Summary of       HTML     72K  
                Economic Hedges (Details)                                        
144: R130        Debt and Credit Agreements - Narrative (Details)    HTML    118K  
145: R131        Debt and Credit Agreements - Commercial Paper       HTML    122K  
                Borrowings (Details)                                             
146: R132        Debt and Credit Agreements - Summary of Bank        HTML    107K  
                Commitments, Credit Facility Borrowings and                      
                Available Capacity (Details)                                     
147: R133        Debt and Credit Agreements - Summary of Revolving   HTML     94K  
                Credit Agreements (Details)                                      
148: R134        Debt and Credit Agreements - Summary of Basis       HTML     89K  
                Spread (Details)                                                 
149: R135        Debt and Credit Agreements - Summary of             HTML    360K  
                Outstanding Long-term Debt (Details)                             
150: R136        Debt and Credit Agreements - Schedule of Long-term  HTML    121K  
                Debt Maturities (Details)                                        
151: R137        Fair Value of Financial Assets and Liabilities -    HTML    133K  
                Fair Value of Financial Liabilities Recorded at                  
                Amortized Cost(Details)                                          
152: R138        Fair Value of Financial Assets and Liabilities -    HTML    393K  
                Fair Value Measurement of Assets and Liabilities,                
                Recurring (Details)                                              
153: R139        Fair Value of Financial Assets and Liabilities -    HTML    101K  
                Fair Value Reconciliation of Level 3 Assets and                  
                Liabilities Measured on a Recurring Basis                        
                (Details)                                                        
154: R140        Fair Value of Financial Assets and Liabilities -    HTML     62K  
                Fair Value Assets and Liabilities Measure on a                   
                Recurring Basis Gain Loss Included in Earnings                   
                (Details)                                                        
155: R141        Fair Value of Financial Assets and Liabilities -    HTML     84K  
                Fair Value Inputs Assets Quantitative Information                
                (Details)                                                        
156: R142        Commitments and Contingencies - Narrative           HTML    111K  
                (Details)                                                        
157: R143        Commitments and Contingencies - Schedule of PHI     HTML     76K  
                Merger Commitments (Details)                                     
158: R144        Commitments and Contingencies - Schedule of         HTML    178K  
                Commercial Commitments (Details)                                 
159: R145        Commitments and Contingencies - Schedule of         HTML     83K  
                Environmental Liabilities (Details)                              
160: R146        Shareholders' Equity - Narrative (Details)          HTML     57K  
161: R147        Shareholders' Equity - Schedule of Common Stock     HTML     62K  
                Warrants (Details)                                               
162: R148        Shareholders' Equity - Schedule of Preferred Stock  HTML     80K  
                (Details)                                                        
163: R149        Shareholders' Equity - Schedule of Preference       HTML     76K  
                Stock (Details)                                                  
164: R150        Stock-Based Compensation Plans - Narrative          HTML     76K  
                (Details)                                                        
165: R151        Stock-Based Compensation Plans - Schedule of        HTML     64K  
                Stock-based Compensation Expense (Details)                       
166: R152        Stock-Based Compensation Plans - Components of Tax  HTML     62K  
                Benefits from Stock-based Compensation (Details)                 
167: R153        Stock-Based Compensation Plans - Summary of         HTML     89K  
                Performance Share Awards Activity (Details)                      
168: R154        Stock-Based Compensation Plans - Summary of         HTML     68K  
                Weighted Average Fair Value (Details)                            
169: R155        Stock-Based Compensation Plans - Summary of         HTML     84K  
                Nonvested Restricted Stock Unit Activity (Details)               
170: R156        Stock-Based Compensation Plans - Summary of         HTML     66K  
                Weighted Average Restricted Stock Unit Activity                  
                (Details)                                                        
171: R157        Stock-Based Compensation Plans - Summary of Stock   HTML     91K  
                Option Activity (Details)                                        
172: R158        Stock-Based Compensation Plans - Summary of Stock   HTML     60K  
                Option Exercised (Details)                                       
173: R159        Changes in Accumulated Other Comprehensive Income   HTML     98K  
                - Schedule of Changes in AOCI (Details)                          
174: R160        Changes in Accumulated Other Comprehensive Income   HTML     67K  
                - Income Taxes Allocated to Other Comprehensive                  
                Income (Loss) Components (Details)                               
175: R161        Variable Interest Entities - Narrative (Details)    HTML     57K  
176: R162        Variable Interest Entities - Assets and             HTML    191K  
                Liabilities of Consolidated VIEs (Details)                       
177: R163        Variable Interest Entities - Summary of             HTML     73K  
                Significant Unconsolidated VIEs (Details)                        
178: R164        Supplemental Financial Information - Summary of     HTML     82K  
                Taxes other than income (Details)                                
179: R165        Supplemental Financial Information - Summary of     HTML     81K  
                Other Income (Expense) (Details)                                 
180: R166        Supplemental Financial Information - Supplemental   HTML    268K  
                Cash Flow Information (Details)                                  
181: R167        Supplemental Financial Information - Supplemental   HTML    111K  
                Balance Sheet Information (Details)                              
182: R168        Related Party Transactions - Operating Revenues     HTML     82K  
                and Purchased Power and Fuel From Affiliates                     
                (Details)                                                        
183: R169        Related Party Transactions - BSC and PHISCO         HTML     98K  
                Service Companies (Details)                                      
184: R170        Related Party Transactions - Current Receivables    HTML    199K  
                From/Payables To Affiliates (Details)                            
185: R171        Related Party Transactions - Long Term Debt to      HTML     75K  
                Financing Trusts (Details)                                       
186: R172        Schedule I - Condensed Financial Information of     HTML    129K  
                Parent (Exelon Corporate) - Condensed Statements                 
                of Operations and Other Comprehensive Income                     
                (Details)                                                        
187: R173        Schedule I - Condensed Financial Information of     HTML    107K  
                Parent (Exelon Corporate) - Condensed Statements                 
                of Cash Flows (Details)                                          
188: R174        Schedule I - Condensed Financial Information of     HTML    231K  
                Parent (Exelon Corporate) - Condensed Balance                    
                Sheet (Details)                                                  
189: R175        Schedule I - Condensed Financial Information of     HTML     62K  
                Parent (Exelon Corporate) - Basis of Presentation                
                - Narrative (Details)                                            
190: R176        Schedule I - Condensed Financial Information of     HTML    107K  
                Parent (Exelon Corporate) - Debt and Credit                      
                Agreements - Narrative (Details)                                 
191: R177        Schedule I - Condensed Financial Information of     HTML    127K  
                Parent (Exelon Corporate) - Debt and Credit                      
                Agreements - Schedule of Outstanding Long-term                   
                Debt (Details)                                                   
192: R178        Schedule I - Condensed Financial Information of     HTML     80K  
                Parent (Exelon Corporate) - Debt and Credit                      
                Agreements - Schedule of Debt Maturities (Details)               
193: R179        Schedule I - Condensed Financial Information of     HTML    130K  
                Parent (Exelon Corporate) - Related Party                        
                Transactions - Summary of Related Party                          
                Transactions (Details)                                           
194: R180        Schedule II - Valuation and Qualifying Accounts     HTML    133K  
                Schedule (Details)                                               
197: XML         IDEA XML File -- Filing Summary                      XML    394K  
195: XML         XBRL Instance -- exc-20220630_htm                    XML  27.19M  
196: EXCEL       IDEA Workbook of Financial Reports                  XLSX    533K  
11: EX-101.CAL  XBRL Calculations -- exc-20220630_cal                XML    441K 
12: EX-101.DEF  XBRL Definitions -- exc-20220630_def                 XML   4.86M 
13: EX-101.LAB  XBRL Labels -- exc-20220630_lab                      XML   5.76M 
14: EX-101.PRE  XBRL Presentations -- exc-20220630_pre               XML   5.17M 
10: EX-101.SCH  XBRL Schema -- exc-20220630                          XSD    705K 
198: JSON        XBRL Instance as JSON Data -- MetaLinks            1,167±  1.90M  
199: ZIP         XBRL Zipped Folder -- 0001109357-22-000076-xbrl      Zip   1.78M  


‘8-K’   —   Current Report


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 i Pennsylvania i 10 South Dearborn Street i P.O. Box 805379 i Chicago i Illinois i 60680-5379 i (800) i 483-3220 i Illinois i 10 South Dearborn Street i Chicago i Illinois i 60603-2300 i (312) i 394-4321 i Pennsylvania i P.O. 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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM i 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 i June 30, 2022
Date of Report (Date of earliest event reported)
Commission
File Number
Name of Registrant; State or Other Jurisdiction of Incorporation; Address of Principal Executive Offices; and Telephone NumberIRS Employer Identification Number
 i 001-16169 i EXELON CORPORATION i 23-2990190
(a  i Pennsylvania corporation)
 i 10 South Dearborn Street
 i P.O. Box 805379
 i Chicago,  i Illinois  i 60680-5379
 i (800)  i 483-3220
 i 001-01839 i COMMONWEALTH EDISON COMPANY i 36-0938600
(an  i Illinois corporation)
 i 10 South Dearborn Street
 i Chicago,  i Illinois  i 60603-2300
 i (312)  i 394-4321
 i 000-16844 i PECO ENERGY COMPANY i 23-0970240
(a  i Pennsylvania corporation)
 i P.O. Box 8699
 i 2301 Market Street
 i Philadelphia,  i Pennsylvania  i 19101-8699
 i (215)  i 841-4000
 i 001-01910 i BALTIMORE GAS AND ELECTRIC COMPANY i 52-0280210
(a  i Maryland corporation)
 i 2 Center Plaza
 i 110 West Fayette Street
 i Baltimore,  i Maryland  i 21201-3708
 i (410)  i 234-5000
 i 001-31403 i PEPCO HOLDINGS LLC i 52-2297449
(a  i Delaware limited liability company)
 i 701 Ninth Street, N.W.
 i Washington,  i District of Columbia  i 20068-0001
 i (202)  i 872-2000
 i 001-01072 i POTOMAC ELECTRIC POWER COMPANY i 53-0127880
(a  i District of Columbia and  i Virginia corporation)
 i 701 Ninth Street, N.W.
 i Washington,  i District of Columbia  i 20068-0001
 i (202)  i 872-2000
 i 001-01405 i DELMARVA POWER & LIGHT COMPANY i 51-0084283
(a  i Delaware and  i Virginia corporation)
 i 500 North Wakefield Drive
 i Newark,  i Delaware  i 19702-5440
 i (202)  i 872-2000
 i 001-03559 i ATLANTIC CITY ELECTRIC COMPANY i 21-0398280
(a  i New Jersey corporation)
 i 500 North Wakefield Drive
 i Newark,  i Delaware  i 19702-5440
 i (202)  i 872-2000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 i Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 i Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 i Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
EXELON CORPORATION:
 i Common Stock, without par value i EXC i The Nasdaq Stock Market LLC
PECO ENERGY COMPANY:
Trust Receipts of PECO Energy Capital Trust III, each representing a 7.38%  i Cumulative Preferred Security, Series D, $25 stated value, issued by PECO Energy Capital, L.P. and unconditionally guaranteed by PECO Energy Company
 i EXC/28 i New York Stock Exchange
Indicate by check mark whether any of the registrants are emerging growth companies as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  i 
If an emerging growth company, indicate by check mark if any of the registrants have elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Section 8 - Other Events
Item 8.01. Other Events

On February 1, 2022, Exelon Corporation (“Exelon”) completed the previously announced separation and distribution of all of the outstanding shares of common stock of Constellation Energy Corporation to Exelon’s shareholders. As a result, beginning with Exelon's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 ("First Quarter 2022 Form 10-Q") as filed with the Securities and Exchange Commission ("SEC") on May 9, 2022, Constellation Energy Corporation, including Constellation Energy Generation, LLC and its subsidiaries ("Generation," formerly Exelon Generation Company, LLC), have been classified as discontinued operations.

Exelon is filing this Current Report on Form 8-K to recast Exelon's consolidated financial statements and certain other financial information originally included in Exelon’s Annual Report on Form 10-K for the year ended December 31, 2021 (the "2021 Form 10-K") as filed with the SEC on February 25, 2022, to give effect to the discontinued operations presentation. The information included in Exhibit 99.1 to this Current Report on Form 8-K solely reflects the presentation of the discontinued operations for all periods presented.

Exelon has recast the following portions of the 2021 Form 10-K to reflect the discontinued operations presentation:
ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk
ITEM 8. Financial Statements and Supplementary Data
ITEM 15. Exhibits, Financial Statement Schedules

The recast portions of the 2021 Form 10-K described above are attached as Exhibit 99.1 and incorporated herein by reference.

The information included in Exhibit 99.1 to this Current Report on Form 8-K is presented in connection with the presentation changes described above and does not otherwise amend or restate the 2021 Form 10-K. Exhibit 99.1 does not reflect any information or events occurring subsequent to the filing of the 2021 Form 10-K, other than as described in Note 2 – Discontinued Operations in the Combined Notes to the Consolidated Financial Statements included in Exhibit 99.1, and does not modify or update the disclosures therein in any way, other than to reflect the discontinued operations presentation as described above.

Therefore, the information contained herein should be read in conjunction with the 2021 Form 10-K and other filings with the SEC under the Securities Exchange Act of 1934 subsequent to the filing of the 2021 Form 10-K, including the First Quarter 2022 Form 10-Q.
The 2021 Form 10-K was a combined annual report of Exelon and its registrant subsidiaries, Commonwealth Edison Company (“ComEd”), PECO Energy Company (“PECO”), Baltimore Gas and Electric Company (“BGE”), Pepco Holdings LLC ("PHI"), Potomac Electric Power Company (“Pepco”), Delmarva Power & Light Company (“DPL”), and Atlantic City Electric Company (“ACE”). The recast of Exelon’s consolidated financial statements and certain other financial information filed with this Current Report on Form 8-K to reflect the discontinued operations presentation described above does not change the subsidiary registrants' financial statements as previously filed; accordingly, the financial statements and related disclosures of ComEd, PECO, BGE, PHI, Pepco, DPL, and ACE, although included in the information contained in Exhibit 99.1 of this Current Report on Form 8-K, have not been recast and have not been modified.

Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits




(d)    Exhibits.
Exhibit No.Description
Consents of Independent Registered Public Accounting Firm
101Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.

* * * * *
This combined Current Report on Form 8-K is being filed separately by Exelon Corporation, Commonwealth Edison Company, PECO Energy Company, Baltimore Gas and Electric Company, Pepco Holdings LLC, Potomac Electric Power Company, Delmarva Power & Light Company, and Atlantic City Electric Company (Registrants). Information contained herein relating to any individual Registrant has been furnished by such Registrant on its own behalf. No Registrant makes any representation as to information relating to any other Registrant.

This report contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Words such as “could,” “may,” “expects,” “anticipates,” “will,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “predicts,” and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic, and financial performance, are intended to identify such forward-looking statements.

The factors that could cause actual results to differ materially from the forward-looking statements made by the Registrants include those factors discussed herein, as well as the items discussed in (1) the Registrants' combined 2021 Annual Report on Form 10-K, which was filed with the SEC on February 25, 2022, in Part I, ITEM 1A. Risk Factors, (2) this Form 8-K in (a) Part II, ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (b) Part II, ITEM 8. Financial Statements and Supplementary Data: Note 17, Commitments and Contingencies, and (3) other factors discussed in filings with the SEC by the Registrants.

Investors are cautioned not to place undue reliance on these forward-looking statements, whether written or oral, which apply only as of the date of this report. None of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this report.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EXELON CORPORATION
/s/ Joseph Nigro
Joseph Nigro
Senior Executive Vice President and Chief Financial Officer
Exelon Corporation
COMMONWEALTH EDISON COMPANY
/s/ Elisabeth J. Graham
Elisabeth J. Graham
Senior Vice President, Chief Financial Officer and Treasurer
Commonwealth Edison Company
PECO ENERGY COMPANY
/s/ Robert J. Stefani
Robert J. Stefani
Senior Vice President, Chief Financial Officer and Treasurer
PECO Energy Company
BALTIMORE GAS AND ELECTRIC COMPANY
/s/ David M. Vahos
David M. Vahos
Senior Vice President, Chief Financial Officer and Treasurer
Baltimore Gas and Electric Company



PEPCO HOLDINGS LLC
/s/ Phillip S. Barnett
Phillip S. Barnett
Senior Vice President, Chief Financial Officer and Treasurer
Pepco Holdings LLC
POTOMAC ELECTRIC POWER COMPANY
/s/ Phillip S. Barnett
Phillip S. Barnett
Senior Vice President, Chief Financial Officer and Treasurer
Potomac Electric Power Company
DELMARVA POWER & LIGHT COMPANY
/s/ Phillip S. Barnett
Phillip S. Barnett
Senior Vice President, Chief Financial Officer and Treasurer
Delmarva Power & Light Company
ATLANTIC CITY ELECTRIC COMPANY
/s/ Phillip S. Barnett
Phillip S. Barnett
Senior Vice President, Chief Financial Officer and Treasurer
Atlantic City Electric Company
June 30, 2022




EXHIBIT INDEX
Exhibit No.Description
Consents of Independent Registered Public Accounting Firm
101Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period end:6/30/22
5/9/2210-Q,  8-K
3/31/2210-Q,  13F-HR,  4
2/25/2210-K,  8-K
2/1/223,  4,  8-K
12/31/2110-K,  11-K,  13F-HR,  4
 List all Filings 


16 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/16/23  PECO Energy Co.                   424B5                  2:564K                                   Toppan Merrill/FA
 6/15/23  PECO Energy Co.                   424B5                  1:532K                                   Toppan Merrill/FA
 5/09/23  Baltimore Gas & Electric Co.      424B5                  2:516K                                   Toppan Merrill/FA
 5/08/23  Baltimore Gas & Electric Co.      424B2                  1:499K                                   Toppan Merrill/FA
 2/17/23  Exelon Corp.                      424B3                  2:572K                                   Toppan Merrill/FA
 2/16/23  Exelon Corp.                      424B5                  1:528K                                   Toppan Merrill/FA
 1/05/23  Commonwealth Edison Co.           424B2                  2:452K                                   Toppan Merrill/FA
 1/03/23  Commonwealth Edison Co.           424B2                  1:430K                                   Toppan Merrill/FA
11/28/22  Exelon Corp.                      424B3                  1:424K                                   Toppan Merrill/FA
 8/17/22  PECO Energy Co.                   424B5                  2:557K                                   Toppan Merrill/FA
 8/16/22  PECO Energy Co.                   424B5                  1:516K                                   Toppan Merrill/FA
 8/08/22  Exelon Corp.                      424B5                  2:416K                                   Toppan Merrill/FA
 8/04/22  Exelon Corp.                      424B5                  1:381K                                   Toppan Merrill/FA
 8/04/22  Exelon Corp.                      424B5                  2:385K                                   Toppan Merrill/FA
 8/03/22  Exelon Corp.                      S-4                    9:863K                                   Toppan Merrill/FA
 8/03/22  Exelon Corp.                      S-3ASR      8/03/22   18:1.5M                                   Toppan Merrill/FA
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