Skip to main content
Exelon10-K: Litigation material

ComEd's franchise agreement with City of Chicago is terminable, creating risk of municipalization.

What happened

The long-standing franchise agreement with Chicago is now terminable on one year's notice, and the city has an option to purchase the system (municipalize). This uncertainty requires significant changes to business planning models and creates risk of a material adverse financial impact, driving spend on legal, consulting, and strategic planning services.

Source

SEC EDGARFeb 12, 2026

Annual report (Form 10-K)

Exelon 10-K for FY2025

Filing excerpt

The current ComEd Franchise Agreement with the City of Chicago (the City) has been in effect since 1992. The Franchise Agreement became terminable on one year notice as of December 31, 2020.

sec.gov/Archives/edgar/data/9466/000110935726000018/exc-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Litigation material

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 12, 2026

More 10-K signals at other companies

The full record

From the Signal API record

Details

CIK
9466
Accession number
0001109357-26-000018
Filing year
2026
Why it matters
Legal tech opportunity
Signal category
Risk

Topics and mentions

Regions named

  • Chicago
  • Northern Illinois

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Feb 17, 2026
signal_type
sec-10k
signal_subtype
litigationMaterial

Use this data

Get every 10-K signal for Exelon and the companies you sell to, in the tools you already use.

  1. Ask Claude about it

    Connect Autobound to Claude, Claude Code or Cursor with MCP. Then ask: “What changed at Exelon this week?”

  2. Send it to your own tools

    The Signal API returns 10-K signals for any list of companies as JSON, for your CRM, warehouse or app.

  3. Try it free

    Sign up and spend your free credits on the companies you sell to.

    Start Free1,000 free credits

The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/120fb5f1-cd74-4452-be57-f937253bb01c returns this record as JSON. POST /v1/companies/enrich returns every signal for exeloncorp.com.

{
  "signal_id": "120fb5f1-cd74-4452-be57-f937253bb01c",
  "signal_type": "sec-10k",
  "signal_subtype": "litigationMaterial",
  "detected_at": "2026-02-17T06:32:11.713+00:00",
  "company": {
    "name": "Exelon",
    "domain": "exeloncorp.com"
  },
  "data": {
    "detail": "The long-standing franchise agreement with Chicago is now terminable on one year's notice, and the city has an option to purchase the system (municipalize). This uncertainty requires significant changes to business planning models and creates risk of a material adverse financial impact, driving spend on legal, consulting, and strategic planning services.",
    "summary": "ComEd's franchise agreement with City of Chicago is terminable, creating risk of municipalization.",
    "excerpts": "The current ComEd Franchise Agreement with the City of Chicago (the City) has been in effect since 1992. The Franchise Agreement became terminable on one year notice as of December 31, 2020.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/9466/000110935726000018/exc-20251231.htm",
    "filing_date": "2026-02-12",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Legal tech opportunity",
    "signal_category": "risk",
    "regions_mentioned": [
      "Chicago",
      "Northern Illinois"
    ]
  }
}

Long text fields are shortened on this page.

Looking up one signal by its id is free. Enrich costs 2 credits per signal returned; a call with no results is free.