8-K 1 exc201802078k.htm 8-K Document


 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
 
 
 
 
 
 
 
 
 
FORM 8-K 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
February 7, 2018
Date of Report (Date of earliest event reported)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commission
File Number
 
Exact Name of Registrant as Specified in Its Charter; State of Incorporation;
Address of Principal Executive Offices; and
Telephone Number
 
IRS Employer 
Identification 
Number
 
1-16169
 
EXELON CORPORATION
 
 
23-2990190
 
 
 
(a Pennsylvania corporation)
10 South Dearborn Street
P.O. Box 805379
Chicago, Illinois 60680-5379
(800) 483-3220
 
 
 
 
333-85496
 
EXELON GENERATION COMPANY, LLC
 
 
23-3064219
 
 
 
(a Pennsylvania limited liability company)
300 Exelon Way
Kennett Square, Pennsylvania 19348-2473
(610) 765-5959
 
 
 
 
1-1839
 
COMMONWEALTH EDISON COMPANY
 
 
36-0938600
 
 
 
(an Illinois corporation)
440 South LaSalle Street
Chicago, Illinois 60605-1028
(312) 394-4321
 
 
 
 
000-16844
 
PECO ENERGY COMPANY
 
 
23-0970240
 
 
 
(a Pennsylvania corporation)
P.O. Box 8699
2301 Market Street
Philadelphia, Pennsylvania 19101-8699
(215) 841-4000
 
 
 
 
1-1910
 
BALTIMORE GAS AND ELECTRIC COMPANY
 
 
52-0280210
 
 
 
(a Maryland corporation)
2 Center Plaza
110 West Fayette Street
Baltimore, Maryland 21201
(410) 234-5000
 
 
 
 
001-31403
 
PEPCO HOLDINGS LLC
 
 
52-2297449
 
 
 
(a Delaware limited liability company)
701 Ninth Street, N.W.
Washington, District of Columbia 20068
(202) 872-2000
 
 
 
 
001-01072
 
POTOMAC ELECTRIC POWER COMPANY
 
 
53-0127880
 
 
 
(a District of Columbia and Virginia corporation)
701 Ninth Street, N.W.
Washington, District of Columbia 20068
(202) 872-2000
 
 
 




 
001-01405
 
DELMARVA POWER & LIGHT COMPANY
 
 
51-0084283
 
 
 
(a Delaware and Virginia corporation)
500 North Wakefield Drive
Newark, Delaware 19702
(202) 872-2000
 
 
 
 
001-03559
 
ATLANTIC CITY ELECTRIC COMPANY
 
 
21-0398280
 
 
 
(a New Jersey corporation)
500 North Wakefield Drive
Newark, Delaware 19702
(202) 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:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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
☐
 

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. ☐

- 2 -


Section 2 - Financial Information
Item 2.02. Results of Operations and Financial Condition.
Section 7 - Regulation FD
Item 7.01. Regulation FD Disclosure.
 
On February 7, 2018, Exelon Corporation (Exelon) announced via press release its results for the fourth quarter ended December 31, 2017. A copy of the press release and related attachments is attached hereto as Exhibit 99.1. Also attached as Exhibit 99.2 to this Current Report on Form 8-K are the presentation slides to be used at the fourth quarter 2017 earnings conference call. This Form 8-K and the attached exhibits are provided under Items 2.02, 7.01 and 9.01 of Form 8-K and are furnished to, but not filed with, the Securities and Exchange Commission.

Exelon has scheduled the conference call for 9:00 AM CT (10:00 AM ET) on February 7, 2018. The call-in number in the U.S. and Canada is 800-690-3108, and the international call-in number is 973-935-8753. If requested, the conference ID number is 7880379. Media representatives are invited to participate on a listen-only basis. The call will be web-cast and archived on Exelon’s Web site: www.exeloncorp.com. (Please select the Investors page.)

Telephone replays will be available until February 21, 2018. The U.S. and Canada call-in number for replays is 855-859-2056, and the international call-in number is 404-537-3406. The conference ID number is 7880379.

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

(d)    Exhibits.

* * * * *
This combined Current Report on Form 8-K is being furnished separately by Exelon, Exelon Generation Company, LLC, Commonwealth Edison Company, PECO Energy Company, Baltimore Gas and Electric Company, Pepco Holdings LLC (PHI), 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. The factors that could cause actual results to differ materially from the forward-looking statements made by Exelon Corporation, Exelon Generation Company, LLC, 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) include those factors discussed herein, as well as the items discussed in (1) the Registrants’ 2016 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 24, Commitments and Contingencies; (2) the Registrants’ Third Quarter 2017 Quarterly Report on Form 10-Q in (a) Part II, Other Information, ITEM 1A. Risk Factors; (b) Part 1, Financial Information, ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) Part I, Financial Information, ITEM 1. Financial Statements: Note 18, Commitments and Contingencies; and (3) other factors discussed in filings with the SEC by the Registrants. Readers are cautioned not to place undue reliance on these forward-looking statements, 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/ Jonathan W. Thayer
 
Jonathan W. Thayer
 
Senior Executive Vice President and Chief Financial Officer
 
Exelon Corporation
 
 
 
EXELON GENERATION COMPANY, LLC
 
 
 
/s/ Bryan P. Wright
 
Bryan P. Wright
 
Senior Vice President and Chief Financial Officer
 
Exelon Generation Company, LLC
 
 
 
COMMONWEALTH EDISON COMPANY
 
 
 
/s/ Joseph R. Trpik, Jr.
 
Joseph R. Trpik, Jr.
 
Senior Vice President, Chief Financial Officer and Treasurer
 
Commonwealth Edison Company
 
 
 
PECO ENERGY COMPANY
 
 
 
/s/ Phillip S. Barnett
 
Phillip S. Barnett
 
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/ Donna J. Kinzel
 
Donna J. Kinzel
 
Senior Vice President, Chief Financial Officer and Treasurer
 
Pepco Holdings LLC
 
 
 
POTOMAC ELECTRIC POWER COMPANY
 
 
 
/s/ Donna J. Kinzel
 
Donna J. Kinzel
 
Senior Vice President, Chief Financial Officer and Treasurer
 
Potomac Electric Power Company
 
 
 
DELMARVA POWER & LIGHT COMPANY
 
 
 
/s/ Donna J. Kinzel
 
Donna J. Kinzel
 
Senior Vice President, Chief Financial Officer and Treasurer
 
Delmarva Power & Light Company
 
 
 
ATLANTIC CITY ELECTRIC COMPANY
 
 
 
/s/ Donna J. Kinzel
 
Donna J. Kinzel
 
Senior Vice President, Chief Financial Officer and Treasurer
 
Atlantic City Electric Company
February 7, 2018





EXHIBIT INDEX