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Exelon Announces Fourth Quarter And Full Year 2012 Results; Introduces 2013 Guidance; Declares First Quarter Dividend And Sets Revised Dividend Policy

Exelon Corporation (NYSE: EXC) announced fourth quarter and full year 2012 consolidated earnings as follows:

Exelon Consolidated Earnings (unaudited)
  Full Year   Fourth Quarter
    2012   2011   2012   2011
Adjusted (non-GAAP) Operating Results:    
Net Income ($ millions) $2,330 $2,763 $547 $544
Diluted Earnings per Share   $2.85   $4.16   $0.64   $0.82
GAAP Results:
Net Income ($ millions) $1,160 $2,495 $378 $606
Diluted Earnings per Share   $1.42   $3.75   $0.44   $0.91

“Exelon had another strong year of operational performance and closed on a very successful, transformational merger that gives us a presence across the value chain,” said Christopher M. Crane, Exelon’s president and CEO. “Despite major storms and severe economic challenges, we delivered 2012 earnings within our guidance range. We have revised our dividend, effective with the second quarter 2013 dividend, to position us to maintain our investment grade rating, return a stable dividend and provide capacity to invest in growth.”

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