Welcome to our dedicated page for Exelon Corporation news (Ticker: EXC), a resource for investors and traders seeking the latest updates and insights on Exelon Corporation stock.
Exelon Corporation (NASDAQ: EXC) is a leading competitive energy provider in the United States, noted for its substantial contributions to the power generation sector. Headquartered in Chicago, Illinois, Exelon operates across 48 states, the District of Columbia, and Canada. The company’s diverse portfolio includes over 32,700 megawatts of owned capacity, making it one of the largest power generators in the U.S.
Exelon is dedicated to delivering clean, reliable, and affordable energy to more than 10 million customers through its six regulated utilities: Atlantic City Electric, Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power, PECO, and Pepco. These utilities provide electric and natural gas services to customers in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.
The company’s business operations are divided into two main segments: power generation and utility services. Exelon’s Constellation business unit supplies energy products to around 2 million residential, public sector, and business customers. Constellation Energy, a wholly owned subsidiary, focuses on delivering clean, efficient energy solutions and innovative products.
Exelon has been at the forefront of energy efficiency and sustainability initiatives. For instance, Delmarva Power, one of Exelon’s subsidiaries, recently received the 2024 ENERGY STAR® Partner of the Year: Sustained Excellence Award for its outstanding energy efficiency programs that have saved over one million megawatt-hours in energy and more than $1.1 billion on customer bills since 2009. These programs are a testament to Exelon's commitment to reducing greenhouse gas emissions and promoting environmental stewardship.
In addition to its sustainability efforts, Exelon fosters strategic partnerships to enhance grid reliability and energy management. A notable partnership includes BGE's collaboration with Resideo Technologies to expand the Connected Rewards℠ program. This initiative aims to balance the grid by reducing electricity demand during peak periods, providing financial incentives to customers who participate.
With 2015 revenues reported at approximately $34.5 billion, Exelon continues to be a financially robust organization. The company’s strategic focus on innovation, best-in-class performance, and community leadership helps drive progress for its customers and the broader community.
For the latest updates and news about Exelon Corporation, follow them on Twitter @Exelon or visit their website.
ComEd, a unit of Exelon (NASDAQ: EXC), has announced its 2025 Powering Communities Grant Program, offering $535,000 in grants for community projects across northern Illinois. Organizations can apply for grants up to $10,000 each through three programs: Green Region, Powering Safe Communities, and Powering the Arts.
The program, which has provided over $5.3 million in funding to date, supports environmental initiatives, public safety, clean transportation projects, and arts programs. Applications will be accepted until March 28, 2025. ComEd partners with Openlands, the Metropolitan Mayors Caucus, and the League of Chicago Theatres to manage these grants, serving more than 4 million customers across northern Illinois, representing 70% of the state's population.
ComEd, a unit of Exelon (NASDAQ: EXC), has presented plans to the Illinois Commerce Commission (ICC) for the Kishwaukee Area Reliability Extension (KARE) Project, a new transmission line in DeKalb County. The project includes a 6-mile double-circuit 345 KV overhead transmission line and a new 345 KV substation, designed to meet growing energy demand and enhance grid reliability.
The project, if approved, will begin construction in Q1 2026 and is expected to complete by end of 2027. The transmission line will extend existing infrastructure to connect with a new substation near Keslinger Road and Crego Road in Afton Township. ComEd partnered with Burns & McDonnell for the routing study, which covered a 23-square-mile area to minimize community impact.
This is ComEd's first transmission line requiring ICC siting approval since the Grand Prairie Gateway project in 2017. The ICC's decision is expected by late 2025.
ComEd, a unit of Exelon (NASDAQ: EXC), has awarded $190,500 in scholarships to 83 local students pursuing STEM education through its Future of Energy scholarship program. The program offers up to $10,000 for college STEM programs and $2,500 for trade school programs.
Since its 2021 launch, ComEd has awarded over $1 million in scholarships to 180 students. The 2025 scholarship recipients are notably diverse, with 96% being people of color or women, and 10% attending HBCUs. The program, which considers candidates based on need, has awarded 75% of new scholarships to families earning $150,000 or less annually.
The initiative aims to support the growing demand for energy sector talent, with projections indicating up to 150,000 new jobs in Illinois by 2050 to support the clean energy transition. Scholars also have opportunities for internships with ComEd or Exelon, provided they maintain full-time student status and meet GPA requirements.
ComEd, a unit of Exelon (NASDAQ: EXC), has received two Emergency Response Awards from the Edison Electric Institute (EEI). The first award recognizes ComEd's recovery efforts following severe storms in northern Illinois in July 2024, where they restored service to 99% of 430,000+ affected customers within three days despite 40+ tornadoes. The second award acknowledges their assistance in restoring power across four southern states following Hurricanes Helene and Milton, where 340+ employees traveled 512,000 miles to restore service to 12,600+ customers over 24 days.
Additionally, ComEd received the 2024 ReliabilityOne® award for Outstanding Reliability Performance in the Midwest Metropolitan Service Area and the Climate Action Leader award for advancing clean grid transition efforts. ComEd serves over 4 million customers across northern Illinois, representing 70% of the state's population.
ComEd and Nicor Gas have joined forces to provide advanced energy efficiency certifications to graduates of their Market Development Initiative (MDI) programs. The collaboration focuses on offering Building Performance Institute (BPI) certifications to enhance the capabilities of local and diverse contractors in the energy efficiency industry.
The program enables home performance professionals to conduct energy modeling, building analysis, and data evaluation services, strengthening their ability to provide comprehensive improvement recommendations. In December, 22 MDI graduates participated in training sessions in Chicago and Carol Stream, Illinois, working toward the Building Professional (BA-P) credential through a four-day intensive program.
Eligible participants are those who previously obtained BPI certifications in Building Science Principles (BSP) and Building Analyst Technician (BA-T) through the utilities' MDI programs.
On December 23, 2024, Delmarva Power organized a holiday charity event at John Parsons Assisted Living in Salisbury, MD, through their Santas for Seniors project. The initiative involved 18 company volunteers who delivered gifts to 34 seniors, including cozy throws, candy, puzzles, and night lights based on residents' wish lists. The event featured Santa (played by Craig Jarvis), the Grinch, and company 'elves' who engaged with residents through carol singing and created memorable interactions.
ComEd, a unit of Exelon (NASDAQ: EXC), received approval from the Illinois Commerce Commission (ICC) for its refiled grid plan in March 2024. The plan, which runs through 2027, includes $4.4 billion in investments with projected benefits valued at over $7 billion. The approved plan will increase average residential monthly bills by $1.84 annually from 2025 through 2027, with current monthly bills averaging $100.
The plan focuses on system reliability improvements, renewable energy growth, and alignment with the Illinois Climate and Equitable Jobs Act (CEJA). ComEd's rates remain significantly below major metropolitan averages, with residential rates 22% lower, commercial rates 21% lower, and industrial rates 38% lower than comparable markets. The company also proposed a Low-Income Discount program, pending ICC approval in 2025.
Delmarva Power, a unit of Exelon (EXC), announced its winter preparedness initiatives, including a $2.7 billion investment in infrastructure improvements over the next five years. The company is focusing on grid reliability enhancements, equipment upgrades, tree trimming, and smart technology integration to handle severe weather and increasing customer demand.
The company is implementing an Assistance Finder tool to help customers access various support programs, including financial assistance and energy efficiency options. Delmarva Power serves approximately 561,500 electric customers in Delaware and Maryland and 140,000 natural gas customers in northern Delaware.
Delmarva Power has released essential holiday lighting safety guidelines for the 2024 festive season. The advisory emphasizes checking decorative lights for damage, using energy-efficient products, and following manufacturer guidelines for string connections. Key recommendations include: limiting incandescent light connections to three strings, maintaining a 10-foot distance from power lines when decorating, and ensuring outdoor-specific lights are used for exterior decorations. The guidelines also stress keeping decorations 3 feet away from heating equipment and using battery-operated candles when possible.
ComEd and Ameresco have inaugurated their 160th community solar project in northern Illinois, located at a former landfill in Belvidere. The project features two solar arrays spanning 34 acres with over 9,600 solar modules, generating 3.5 megawatts (MW) of power. Boone County is subscribing to 36% of the generated energy for its public facilities, while various commercial customers make up the remaining subscribers.
The project allows subscribers to earn credits on their electric bills and potentially reduce electricity costs by up to 10% annually. As part of Illinois' Climate and Equitable Jobs Act (CEJA), the project supports the state's goal of reaching 40% renewable energy by 2030 and 50% by 2040. The installation is particularly significant as Belvidere is an Equity Investment Eligible Community (EIEC), promoting workforce inclusion from equity eligible individuals.
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