Commonwealth Edison 8K Departure of Directors or Certain Officers


			UNITED STATES SECURITIES AND EXCHANGE COMMISSION
			Washington, D.C. 20549
			FORM			8-K

			CURRENT REPORT
			Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
			September 6, 2023
			Date of Report (Date of earliest event reported)

Commission
File Number

Name of Registrant; State or Other Jurisdiction of Incorporation; Address of Principal Executive Offices; and Telephone Number

IRS Employer Identification Number

001-01839

COMMONWEALTH EDISON COMPANY

36-0938600

(an Illinois corporation)

10 South Dearborn Street

Chicago, Illinois 60603-2300

(312) 394-4321


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

N/A


Indicate by check mark whether any of the registrants are emerging growth companies as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐


If an emerging growth company, indicate by check mark if any of the registrants have elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 5 - Corporate Governance and Management

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On September 6, 2023, Commonwealth Edison Company (“ComEd”), announced that David R. Perez, currently Senior Vice President, Distribution Operations, will assume the role of Executive Vice President and Chief Operating Officer of ComEd, effective January 1, 2024. Mr. Perez, age 53, has served in his current role since November 2019. Prior to that, Mr. Perez served as Vice President, Transmission and Substations from June 2016 until November 2019.

In connection with his new role, effective January 1, 2024, Mr. Perez’s annual compensation will include a base salary of $420,000 and an annual incentive program target opportunity of 55% of his base salary. His long-term incentive target award will be increased to $488,000 effective with his 2024-2026 grant, consistent with the terms of Exelon’s Long-Term Incentive Plan. Long-term incentives (“LTI”) include performance share awards (accounting for sixty-seven percent of the target LTI value) and restricted stock units (accounting for thirty-three percent of target LTI value). Payouts on both the annual incentive program and the performance share awards will be based on the achievement of pre-established performance targets. Mr. Perez remains eligible for benefits similar to those of other ComEd executives, including participation in Exelon’s health, welfare, retirement, relocation, and severance plans.

Section 9 – Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.


Exhibit No.						Description
99.1						Press release
101						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.









			COMMONWEALTH EDISON COMPANY

			/s/ Katherine Smith
			Katherine Smith
			Corporate Secretary
			Commonwealth Edison Company

September 6, 2023

EXHIBIT INDEX


Exhibit No.						Description
99.1						Press release
101						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

Commonwealth Edison 8-KDeparture of Directors or Certain Officers