Exelon (EXC)

Q4 2010 Earnings Call

January 26, 2011 11:00 am ET

Executives

Anne Pramaggiore - President of ComEd and Chief Operating Officer of ComEd

Frank Clark - Chairman of the Commonwealth Edison Company and Chief Executive Officer of Commonwealth Edison Company

Stacie Frank - Vice President of Investor Relations

Christopher Crane - President, Chief Operating Officer and President of Exelon Generation

Joseph Dominguez - Senior Vice President of Communications, Federal Regulatory Affairs & Public Policy and Senior Vice President of State Governmental Affairs for Exelon Generation

Kenneth Cornew - Senior Vice President and President of Power Team

John Rowe - Chairman, Chief Executive Officer, Chairman of PECO, Chairman of Exelon Enterprises, Chairman of Exelon Energy Delivery and President of Exelon Generation

Matthew Hilzinger - Chief Financial Officer and Senior Vice President

Analysts

Michael Lapides - Goldman Sachs Group Inc.

Dan Eggers - Crédit Suisse AG

Paul Fremont - Jefferies & Company, Inc.

Jonathan Arnold - Deutsche Bank AG

Julien Dumoulin-Smith - UBS Investment Bank

Hugh Wynne - Bernstein Research

Steven Fleishman - BofA Merrill Lynch

Presentation

Operator

Ladies and gentlemen, thank you taking for standing by, and welcome to the Exelon Fourth Quarter Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Stacie Frank, Vice President of Investor Relations. You may begin your conference.

Stacie Frank

Thank you, Lynn, and good morning, everyone. Welcome to Exelon's Fourth Quarter 2010 Earnings Conference Call. Thank you for being with us today. We issued our earnings release this morning, which is available on our website at www.exeloncorp.com.

The earnings release and other matters we will discuss in today's call contain forward-looking statements and estimates that are subject to various risks and uncertainties, as well as adjusted non-GAAP operating earnings. Please refer to today's 8-K and Exelon's other filings for a discussion of factors that may cause these results to differ from management's projections, forecasts and expectations and for a reconciliation of our operating to GAAP earnings.

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