XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Pay vs Performance Disclosure
 1 Months Ended 2 Months Ended 9 Months Ended 12 Months Ended
Nov. 14, 2021
USD ($)
Dec. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table      
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company’s aligns executive compensation with the Company’s performance, refer to the Compensation Discussion and Analysis.
Value of initial fixed $100 investment based on:


Summary Compensation Table
Total for PEO
($) (Note 1)
Compensation Actually
Paid to PEO
($) (Note 2)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($)
(d)
(Note 3)
Average
Compensation Actually
Paid to
Non-PEO
NEOs
($)
(e)
(Note 4)
Exelon
TSR
($)
(f)
(Note 5)
Peer
Group
TSR
($)
(g)
(Note 6)



Net
Income
($M)
(h)
(Note 7)
Utility Earned ROE*
(i)
(Note 8)
Year
(a)
Quiniones
(b1)
Butler
(b2)
Dominguez
(b3)
Quiniones
(c1)
Butler
(c2)
Dominguez
(c3)
20232,541,221——2,095,625——1,175,563833,4271271112,3289.3%
20222,738,282——2,646,118——1,452,1731,341,2851471222,0549.4%
202164,2614,596,9423,388,83264,2618,334,9915,424,6561,235,9261,616,7901361211,6169.2%
2020——2,413,739——1,695,5731,126,747865,560961031,0998.7%
      
Company Selected Measure Name       Utility Earned ROE      
Named Executive Officers, Footnote       The dollar amounts reported in column (b1), (b2), and (b3) are the amounts of total compensation reported for Mr. Quiniones (ComEd’s current CEO), Mr. Butler (former interim CEO from October 1, 2021 – November 15, 2021), and Mr. Dominguez (former CEO through October 1, 2021), respectively, for each corresponding year in the “Total” column of the Summary Compensation Table.      
Peer Group Issuers, Footnote       The values in column (g) represent the peer group TSR for Exelon because ComEd does not have any securities listed or traded on a securities exchange. The peer group used for this purpose is the published industry index: Philadelphia Utility Index, a market capitalization-weighted index composed of geographically diverse public utility stocks.      
Adjustment To PEO Compensation, Footnote      
Year
Reported Summary Compensation Table Total
for PEO
($)
Adjustments
Compensation Actually Paid
to PEO
($)
Reported
Value of Equity Awards
(a)
($)
Equity Award Adjustments
(b)
($)
Reported Change in the Actuarial Present Value of Pension Benefits
(c)
($)
Pension
Benefit Adjustments
(d)
($)
2023 - Quiniones2,541,221(1,181,898)736,303——2,095,625
2022 - Quiniones2,738,282(1,272,139)1,179,975——2,646,118
2021 - Quiniones64,261————64,261
2021 - Butler4,596,942(2,459,853)6,252,583(149,556)94,8758,334,991
2021 - Dominguez3,388,832(1,111,884)3,232,652(181,413)96,4695,424,656
2020 - Dominguez2,413,739(1,053,636)393,603(143,843)85,7101,695,573
The amounts deducted or added in calculating the equity award adjustments are as follows:
Year End
Fair Value of Equity Awards
($)
Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards
($)
Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year
($)
Year over Year
Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year
($)
Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year
($)
Total
Equity
Award
 Adjustments
($)
2023 - Quiniones950,555(209,840)—(4,413)—736,303
2022 - Quiniones1,179,975————1,179,975
2021 - Quiniones——————
2021 - Butler3,885,4832,345,503—21,596—6,252,583
2021 - Dominguez1,756,2831,451,838—24,531—3,232,652
2020 - Dominguez926,959(589,081)—55,725—393,603
c)The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified Deferred Compensation” column of the Summary Compensation Table for each applicable year.
The total pension benefit adjustments for each applicable year include the aggregate of two components: (i) the actuarially determined service cost for services rendered by PEO’s during the applicable year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:
Service Cost
($)
Prior Service Cost
($)
Total Pension Benefit Adjustments
($)
2023 - Quiniones———
2022 - Quiniones———
2021 - Quiniones———
2021 - Butler94,875—94,875
2021 - Dominguez96,469—96,469
2020 - Dominguez85,710—85,710
      
Non-PEO NEO Average Total Compensation Amount       $ 1,175,563 $ 1,452,173 $ 1,235,926 $ 1,126,747
Non-PEO NEO Average Compensation Actually Paid Amount       $ 833,427 1,341,285 1,616,790 865,560
Adjustment to Non-PEO NEO Compensation Footnote       The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding the PEO(s)), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding the PEO(s)) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding the PEO(s)) for each year to determine the compensation actually paid, using the same methodology described above in Note 3:
Average Reported Summary Compensation Table Total for Non-PEO NEOs
($)
Average Reported Value of Equity Awards
($)
Average Equity Award Adjustments
(a)
($)
Average Reported Change in the Actuarial Present Value of Pension Benefits
($)
Average Pension Benefit Adjustments
(b)
($)
Average Compensation Actually Paid to Non-PEO NEOs
($)
20231,175,563(338,044)46,562(73,287)22,633833,427
20221,452,173(624,173)570,976(96,037)38,3451,341,285
20211,235,926(340,078)764,881(96,603)52,6651,616,790
20201,126,747(343,867)143,374(109,523)48,829865,560
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
Average
Year End Fair Value of Equity Awards
($)
Year over Year Average Change in Fair Value of Outstanding and Unvested Equity Awards
($)
Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year
($)
Average Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year
($)
Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year
($)
Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation
($)
Total Average Equity Award Adjustments
($)
2023213,081(55,132)—(6,307)(105,080)—46,562
2022615,108(40,983)—(3,149)——570,976
2021494,055264,2585,2838,484(7,199)—764,881
2020302,524(160,379)—1,228——143,374
The amounts deducted or added in calculating the total pension benefit adjustments are as follows:
Average Service Cost
($)
Average Prior Service Cost
($)
Total Average
Pension Benefit Adjustments
($)
202322,633—22,633
202238,345—38,345
202152,665—52,665
202048,829—48,829
      
Compensation Actually Paid vs. Total Shareholder Return      
CAP_TSR.jpg
      
Compensation Actually Paid vs. Net Income      
CAP_Net Income.jpg
      
Compensation Actually Paid vs. Company Selected Measure      
CAP_ROE.jpg
      
Total Shareholder Return Vs Peer Group      
TSR.jpg
      
Total Shareholder Return Amount       $ 127 147 136 96
Peer Group Total Shareholder Return Amount       111 122 121 103
Net Income (Loss)       $ 2,328 $ 2,054 $ 1,616 $ 1,099
Company Selected Measure Amount       0.093 0.094 0.092 0.087
Additional 402(v) Disclosure       The dollar amounts reported in columns (c1), (c2) and (c3) represent the amount of “compensation actually paid” to Messrs. Quiniones, Butler and Dominguez as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Messrs. Quiniones, Butler, and Dominguez during the applicable year. Compensation actually paid is determined using the following assumptions:Utility Earned ROE in column (i) is calculated using adjusted (non-GAAP) operating earnings, reflecting all lines of business for the utility businesses (electric distribution, gas distribution, transmission), divided by average shareholder’s equity over the year. Management uses operating ROE as a measurement of the actual performance of the company’s utility business. While the Company uses numerous financial and non-financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that Utility Earned ROE is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the company to link compensation actually paid to the company’s NEOs, for the most recently completed fiscal year, to company performance.      
Mr Quiniones [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount   $ 64,261   $ 2,541,221 $ 2,738,282    
PEO Actually Paid Compensation Amount   64,261   $ 2,095,625 2,646,118    
Mr Butler [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount $ 4,596,942            
PEO Actually Paid Compensation Amount 8,334,991            
Mr Dominguez [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 3,388,832       $ 2,413,739
PEO Actually Paid Compensation Amount     5,424,656       1,695,573
PEO | Mr Quiniones [Member]              
Pay vs Performance Disclosure              
PEO Name       Mr. Quiniones      
PEO | Mr Quiniones [Member] | Reported Value Of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   $ (1,181,898) (1,272,139)    
PEO | Mr Quiniones [Member] | Equity Award Adjustments [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   736,303 1,179,975    
PEO | Mr Quiniones [Member] | Reported Change In The Actuarial Present Value Of Pension Benefits [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   0 0    
PEO | Mr Quiniones [Member] | Pension Benefit Adjustments [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   0 0    
PEO | Mr Quiniones [Member] | Year End Fair Value Of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   950,555 1,179,975    
PEO | Mr Quiniones [Member] | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   (209,840) 0    
PEO | Mr Quiniones [Member] | Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   0 0    
PEO | Mr Quiniones [Member] | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   (4,413) 0    
PEO | Mr Quiniones [Member] | Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   0 0    
PEO | Mr Quiniones [Member] | Pension Service Cost [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   0 0    
PEO | Mr Quiniones [Member] | Prior Pension Service Cost [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   $ 0   0 0    
PEO | Mr Butler [Member] | Reported Value Of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (2,459,853)            
PEO | Mr Butler [Member] | Equity Award Adjustments [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 6,252,583            
PEO | Mr Butler [Member] | Reported Change In The Actuarial Present Value Of Pension Benefits [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (149,556)            
PEO | Mr Butler [Member] | Pension Benefit Adjustments [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 94,875            
PEO | Mr Butler [Member] | Year End Fair Value Of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 3,885,483            
PEO | Mr Butler [Member] | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 2,345,503            
PEO | Mr Butler [Member] | Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0            
PEO | Mr Butler [Member] | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 21,596            
PEO | Mr Butler [Member] | Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0            
PEO | Mr Butler [Member] | Pension Service Cost [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 94,875            
PEO | Mr Butler [Member] | Prior Pension Service Cost [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount $ 0            
PEO | Mr Dominguez [Member] | Reported Value Of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,111,884)       (1,053,636)
PEO | Mr Dominguez [Member] | Equity Award Adjustments [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     3,232,652       393,603
PEO | Mr Dominguez [Member] | Reported Change In The Actuarial Present Value Of Pension Benefits [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (181,413)       (143,843)
PEO | Mr Dominguez [Member] | Pension Benefit Adjustments [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     96,469       85,710
PEO | Mr Dominguez [Member] | Year End Fair Value Of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,756,283       926,959
PEO | Mr Dominguez [Member] | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,451,838       (589,081)
PEO | Mr Dominguez [Member] | Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0       0
PEO | Mr Dominguez [Member] | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     24,531       55,725
PEO | Mr Dominguez [Member] | Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0       0
PEO | Mr Dominguez [Member] | Pension Service Cost [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     96,469       85,710
PEO | Mr Dominguez [Member] | Prior Pension Service Cost [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 0       0
Non-PEO NEO | Average Reported Value Of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (338,044) (624,173) $ (340,078) (343,867)
Non-PEO NEO | Average Equity Award Adjustments [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       46,562 570,976 764,881 143,374
Non-PEO NEO | Average Reported Change In The Actuarial Present Value Of Pension Benefit [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (73,287) (96,037) (96,603) (109,523)
Non-PEO NEO | Average Pension Benefit Adjustments [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       22,633 38,345 52,665 48,829
Non-PEO NEO | Average Year End Fair Value Of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       213,081 615,108 494,055 302,524
Non-PEO NEO | Year Over Year Average Change In Fair Value Of Outstanding And Unvested Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (55,132) (40,983) 264,258 (160,379)
Non-PEO NEO | Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0 5,283 0
Non-PEO NEO | Year Over Year Average Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (6,307) (3,149) 8,484 1,228
Non-PEO NEO | Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (105,080) 0 (7,199) 0
Non-PEO NEO | Average Service Cost [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       22,633 38,345 52,665 48,829
Non-PEO NEO | Average Prior Service Cost [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       $ 0 $ 0 $ 0 $ 0