Complete the separation of Exelon Utilities and Exelon Generation into two public companies

Delivered by the deadline

AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.

Announced: 24 Feb 2021
Due: 31 Mar 2022
Delivered: 1 Feb 2022

Deadline
Met
Late
Not met
Today

What the company said

“Exelon is targeting to complete the separation in the first quarter of 2022, subject to final approval by the company's Board of Directors”

SourceExelon Form 8-K press release, 2021-02-24
FilingSEC filing index
Deadline as statedin the first quarter of 2022
Deadline used31 Mar 2022, the last day of the stated period
TypeTransaction
Permanent referenceKI-C-2021-EXC-011261
Cite as https://keptindex.org/c/KI-C-2021-EXC-011261/ — this address never changes.

What we found

Evidence strength A What the grades mean

Exelon completed the separation on February 1, 2022, creating Constellation as a public company, before the first-quarter 2022 deadline.

A
Exelon 10-Q filed 2022-05-09 Regulatory filing · published 9 May 2022 · retrieved 15 Oct 2026 · kept permanently by the SEC · fingerprint 665c570a5f6e
“Exelon completed the separation on February 1, 2022, through the distribution of 326,663,937 common stock shares of Constellation, the new publicly traded company, to Exelon shareholders.” ✓ confirmed on the page
A
Exelon 10-Q filed 2022-05-09 Regulatory filing · published 9 May 2022 · retrieved 15 Oct 2026 · kept permanently by the SEC · fingerprint 665c570a5f6e
“The separation was completed on February 1, 2022, creating two publicly traded companies, Exelon and Constellation.” ✓ confirmed on the page

Market reaction: the shares moved +5.7% against the S&P 500 over the three sessions around the disclosure (6 May 2022 to 11 May 2022). What this measures

Checked 15 Oct 2026.

Commitment lineage

Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.

2 versions

Version 1 · original · stated 24 Feb 2021

Deadline 31 Mar 2022 (“in the first quarter of 2022”) · wording aspirational
Version 2 · stated 16 Dec 2021

Deadline 31 Mar 2022 (“in the first quarter of 2022”) · wording expected

“allows Exelon to move forward with its plan to separate into two companies in the first quarter of 2022”
Source for this version

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type: Separation
Indicative materiality: Transformational rules
Action: Complete
Deliverable: Separation of Exelon Utilities and Exelon Generation into two public companies
Language: Aspirational (“aims”, “intends”)
In the company’s control: Low
Specificity: High
Conditional: Yes: subject to final approval by the Board of Directors; Form 10 registration statement declared effective by the SEC; regulatory approvals; satisfaction of other conditions
Depends on: Regulatory, Government

How this entry was checked

Commitment recordedThe company's words were matched word for word against the filing.
First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.

Confirmed. This outcome counts towards the company's Kept Score. How verification works

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