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.
Julia Reilly, a senior legal analyst, is honored for her volunteer work with the Fair Hill Emergency Response Team (FHERT) in Northern Maryland. She received Exelon's Powering Communities Employee Volunteer award and a $5,000 grant for her dedication to large animal rescue. Julia's passion for horses and community involvement has had a significant impact on the organization and the local horse community.
Exelon (Nasdaq: EXC) reported a GAAP Net Income of $0.66 per share and Adjusted Operating Earnings of $0.68 per share for the first quarter of 2024. The company affirmed its full-year 2024 Adjusted Operating Earnings guidance range of $2.40-$2.50 per share and reaffirmed its fully regulated operating EPS growth target of 5-7% from 2023 to 2027. Exelon achieved top reliability performance at all utilities and made progress on regulatory fronts. Despite challenges like mild weather and storms, Exelon maintains strong operational performance and projects annualized EPS growth of 5-7% through 2027.
ComEd, in partnership with YMCA of Metro Chicago and Goodwill, brings back the CONSTRUCT Infrastructure Youth Academy for high school students interested in construction and energy careers. The program offers paid summer exposure, community service projects, drone-flying demos, and more, aiming to prepare youth for the clean energy sector. ComEd's commitment to creating career pathways aligns with the expected 150,000 clean energy jobs in Illinois by 2050. Interested students can apply until May 31, with classes starting in June and July at various locations across Chicagoland.
Exelon declared a regular quarterly dividend of $0.38 per share on Exelon’s common stock, payable on June 14, 2024, to shareholders of record as of May 13, 2024. Exelon is a Fortune 250 company, the nation’s largest utility company serving 10.6 million customers through six fully regulated utilities.
Resideo Technologies (NYSE: REZI) and Baltimore Gas and Electric (BGE) have announced a partnership to expand BGE's Connected Rewards program in Maryland, aiming to balance the grid during peak demand periods and provide energy savings to customers. The program allows customers to reduce overall electricity demand during peak times, receiving financial incentives for enrolling their smart thermostats. Resideo's expertise in energy management and grid reliability will help BGE in maintaining grid stability and achieving cost savings for customers.
Exelon's teams have been awarded the EPRI Technology Transfer Awards for innovative energy solutions, showcasing the company's commitment to sustainable energy. The awards recognize projects incorporating cutting-edge research to enhance the delivery of safe, reliable, and affordable power. Teams focused on DER network gateways, fleet electrification planning, and RF monitoring for wind mitigation. Exelon's dedication to advancing the energy sector is highlighted through these achievements.
FAQ
What is the current stock price of Exelon Corporation (EXC)?
What is the market cap of Exelon Corporation (EXC)?
What does Exelon Corporation do?
How many customers does Exelon serve?
What is Constellation Energy?
What are some of Exelon's recent achievements?
What sustainability initiatives is Exelon involved in?
How does Exelon contribute to grid reliability?
What is Exelon's financial performance?
Which states does Exelon operate in?
How can I stay updated on Exelon's news?
What are some of Exelon's key subsidiaries?
