Exelon
FY2025 revenue $24.3B. Committed $41.5B capex 2025-2028 to modernize grid for AI data center demand — managing 36 GW of new load requests. POSEIDON AI platform improves storm restoration timing. 2026 adjusted EPS guidance $2.81-$2.91 (+6% YoY).
Scenarios
Largest regulated utility by customer count (10M+), directly benefits from every new AI data center. $41.5B capex earns regulated 7-9% returns — AI boom is a 15-year earnings tailwind.
Regulated utility ROE capped by state commissions. Rate case approvals take 18+ months — cannot capture AI demand upside at market speed. DOGE uncertainty could slow data center permitting.
Key Factors to Watch
- ●36 GW new load queue from data centers is unprecedented — multi-decade capex authorization
- ●POSEIDON AI platform is operational efficiency, not revenue exposure
- ●Maryland 2026 legislative push to allow utility-owned power plants could unlock new streams
Score History
| Date | Score | Direction | Note |
|---|---|---|---|
| 2026-03-08 | 6.0 | Positive | Score 5.8→6.0 (formula reweight: sb 0.25→0.15, are 0.20→0.25, md 0.20→0.25, dr 0.20→0.25, aam 0.15→0.10) |
| 2026-03-08 | 5.8 | Neutral | Initial assessment from batch 9 blind spot review |
Government Peers
Last researched: 2026-03-13
This is research and analysis, not financial advice. Scores reflect AI impact potential, not investment recommendations.