Exelon

Revenue and earnings visibility are high given decoupling for distribution at multiple utilities, formula rates in transmission, and a defined 4-year capital plan targeting 7.9 percent rate base CAGR and operating EPS growth near the top end of 5 to 7 percent through 2029. 2025 adjusted operating EPS of 2.77 dollars per share and the 2026 guidance range of 2.81 to 2.91 dollars underscore steady execution.

The growing pipeline of large-load interconnections (data centers and industrials), nearly half of which are secured under TSAs, adds multi-year growth drivers, though cost allocation for discrete loads is receiving increased scrutiny at FERC and state commissions.