EXC — what changed in the latest 10-Q
A section-by-section comparison of EXC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-30 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +73 | −38 | ~57 | 124 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 12 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | +1 | −1 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-30
Three Months Ended June 30,Favorable (Unfavorable) VarianceSix Months Ended June 30,Favorable (Unfavorable) Variance
•Absence of Customer Relief Fund contribution at Exelon Corporate;
Note that rate increases are associated with updated recovery rates for costs and investments to serve customers. The increases were partially offset by:
Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025. Net income attributable to common shareholders increased by $15 million and diluted earnings per average common share decreased to $1.28 in 2026 from $1.29 in 2025 primarily due to:
•Favorable impacts of approved rate increases at ComEd, BGE and PHI;
Text removed vs the prior filing · source: 10-Q · 2026-05-06
Three Months Ended March 31,Favorable (Unfavorable) Variance
Regulatory matters (net of taxes of $4 and $7, respectively)(b)
(b)Represents the disallowance of certain capitalized costs.
On April 13, 2026, the Maryland Utility RELIEF Act (Utility RELIEF Act) was passed through the Maryland General Assembly and awaits the Governor’s signature to become law. If and when the Utility RELIEF Act becomes law, it will modify the regulatory framework and rules governing recovery of certain …
On March 6, 2026, FERC issued an order requiring the removal of the de minimis threshold exemption in the calculation of the cost responsibility of certain transmission reliability upgrade costs allocated to the rate zones of PJM transmission owners, including the Utility Registrants. FERC further o…
Other information
Text added vs the prior filing · source: 10-Q · 2026-07-30
On June 9, 2026, Calvin G. Butler, Jr., President and Chief Executive Officer, Exelon Corporation, terminated a Rule 10b5-1 trading arrangement he had previously adopted on March 13, 2026, which was intended to satisfy the affirmative defense of Rule 10b5-1(c). As of the date of termination of the t…
Text removed vs the prior filing · source: 10-Q · 2026-05-06
On March 13, 2026, Calvin G. Butler, Jr., President and Chief Executive Officer, Exelon Corporation, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 246,000 shares of Exelon's common stock in multiple transactions,…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice