UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
June 10, 2002
(Date of earliest
event reported)
Commission File Name of Registrant; State of Incorporation; Address of IRS Employer
Number Principal Executive Offices; and Telephone Number Identification Number
- --------------------- --------------------------------------------------------- -------------------------
1-16169 EXELON CORPORATION 23-2990190
(a Pennsylvania corporation)
10 South Dearborn Street - 37th Floor
P.O. Box 805379
Chicago, Illinois 60680-5379
(312) 394-7398
Item 5. Other Events
On June 10, 2002 Exelon Corporation issued the following press release:
[EXELON LOGO]
News Release
From: Exelon Corporation FOR IMMEDIATE RELEASE
Corporate Communications June 10, 2002
P.O. Box 805379
Chicago, IL 60680-5379
Contact: Linda Marsicano, Media Relations
312.394.3071
Linda Byus, CFA, Investor Relations
312.394.7696
Exelon Corporation Reaffirms 2002 Outlook; Announces Investor Conference
Chicago (June 10, 2002) - Exelon Corporation (NYSE: EXC) today reaffirmed the
company's outlook for 2002 operating earnings between $4.55 and $4.85 per share.
Chairman and CEO John W. Rowe stated that, "Based on preliminary results through
May, our year-to-date financial results are where we set out to be at the start
of the year. Our Cost Management Initiative supported strong results in April
and May, which helped offset the impact of mild weather and low power prices.
Exelon's officers and employees are focused on living up to our commitments to
our customers and investors."
Exelon Corporation also announced that it will host an investor conference on
Thursday, June 20, 2002, 7:00 a.m. CDT. The conference will be webcast live and
may be accessed at http://investor.exeloncorp.com/medialist.cfm.
###
Exelon Corporation is one of the nation's largest electric utilities with
approximately 5 million customers and more than $15 billion in annual revenues.
The company has one of the industry's largest portfolios of electricity
generation capacity, with a nationwide reach and strong positions in the Midwest
and Mid-Atlantic. Exelon distributes electricity to approximately 5 million
customers in Illinois and Pennsylvania and gas to more than 440,000 customers in
the Philadelphia area. The company also has holdings in such competitive
businesses as energy, infrastructure services, energy services and
telecommunications. Exelon is headquartered in Chicago and trades on the NYSE
under the ticker EXC.
================================================================================
This press release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are subject to
uncertainty and changes in circumstances. Actual results may vary materially
from the expectations contained herein. The forward-looking statements herein
include statements about future financial and operating results of Exelon.
Economic, business, competitive and/or regulatory factors affecting Exelon's
businesses generally could cause actual results to differ materially from those
described herein. For a discussion of the factors that could cause actual
results to differ materially, please see Exelon's filings with the Securities
and Exchange Commission, particularly those discussed in "Management's
Discussion and Analysis of Financial Condition and Results of Operations --
Page 2
Outlook" in Exelon's 2001 Annual Report. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this press release. Exelon does not undertake any obligation to publicly
release any revisions to these forward-looking statements to reflect events or
circumstances after the date of this press release.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EXELON CORPORATION
/S/ Ruth Ann M. Gillis
-------------------------------------------
Ruth Ann M. Gillis
Senior Vice President and Chief Financial Officer
June 10, 2002