Exelon Corporation - EXC STOCK NEWS

ComEd and the Metropolitan Mayors Caucus have announced grants of up to $2,500 each for 24 northern Illinois communities through the annual ComEd Powering the Holidays Program. The program, which has provided $172,000 in funding to 70 communities since its launch in 2021, supports holiday light events that promote cultural exchange and foster inclusivity.

The grants will power holiday light events taking place between November 1, 2024 and February 13, 2025. Recipients include various municipalities across northern Illinois, with events ranging from tree lighting ceremonies to winter wonderland walks. The program aims to create experiences that bring people together and celebrate the unique character of local communities.

ComEd's support extends to popular holiday attractions at Lincoln Park Zoo, Brookfield Zoo, The Morton Arboretum, and Chicago Botanic Garden. The initiative reflects ComEd's ongoing commitment to supporting holiday light events across Chicagoland.

Delmarva Power employees have been recognized for their outstanding volunteer efforts in 2023, contributing over 17,200 hours to support regional organizations. Three exceptional volunteers - Ian Rupert, Katherine Shinski, and Kregg Schaen - were honored with the Exelon Powering Communities Award, each receiving a $5,000 grant to further their work with local organizations.

The awards ceremony took place in Washington, D.C., highlighting the recipients' contributions:

• Ian Rupert: Supports Caroline North Little League
• Katherine Shinski: Volunteers at Tuckahoe Equestrian Center
• Kregg Schaen: Dedicates time to Elkton Community Little League

Tyler Anthony, President and CEO of Pepco Holdings, praised the volunteers for strengthening the company's reputation as a thoughtful community partner and distinguishing it from other local business leaders.

Exelon Corp. (Nasdaq: EXC) has announced the promotion of Cynthia McCabe to senior vice president, chief of staff and chief communications officer, effective Nov. 1, 2024. McCabe will oversee communications and marketing across Exelon and its six local energy companies, including external and employee communications, reputation initiatives, branding, advertising, and social media. She will also become a member of Exelon's Executive Committee.

McCabe joined Exelon in 2017 and has held various communications roles within the company. Prior to Exelon, she worked in communications at AFSCME and the National Education Association, and began her career as a reporter. Exelon, a Fortune 200 company, is the nation's largest utility company, serving more than 10.6 million customers through six regulated transmission and distribution utilities.

Delmarva Power is partnering with the University of Delaware and Exelon to promote Electric Vehicle (EV) adoption and demonstrate how EVs can strengthen the electric grid. The initiative aims to showcase the benefits of EVs, including:

• Cost-effectiveness: EV operation can be three to five times cheaper than gasoline and diesel-powered cars
• Improved driving experience: EVs deliver a quiet, smooth ride
• Lower maintenance requirements
• Potential to utilize stored power during high demand periods

Delmarva Power is committed to electrifying their fleet and expanding charger access across the region to facilitate widespread EV adoption. This effort is expected to make clean energy more accessible and contribute to a more reliable energy infrastructure.

Delmarva Power is highlighting its partnership with Historical Black Colleges and Universities (HBCUs) during HBCU Week. The company works closely with University of Maryland Eastern Shore (UMES) and Delaware State University (DSU) to provide programming, financial support, and career opportunities for students.

Key aspects of the partnership include:

• Power Scholar programs offering scholarships, internships, and mentorship
• Campus events to promote energy industry job opportunities
• Summer internships to help students transition into the workforce
• Funding for university improvements and program expansion
• The Delmarva Power Golf Scholarship Classic, which has raised over $100,000 annually for local universities in recent years

The partnership aims to build a diverse energy workforce of the future, providing students with access to careers in the energy sector while benefiting Delmarva Power with well-educated, diverse talent.

Exelon (Nasdaq: EXC) has deployed over 600 field and support personnel to aid in power restoration efforts in Florida following Hurricane Milton. This deployment comes shortly after sending hundreds of crews to assist with Hurricane Helene recovery. Crews from all six Exelon utilities - Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco - are participating in the restoration efforts.

Mike Innocenzo, executive VP and COO at Exelon, emphasized the industry's tradition of mutual assistance during severe weather events. Exelon is investing $35 billion over the next few years to modernize and strengthen the grid, aiming to improve resilience against future storms. The company, a member of the Edison Electric Institute, has a history of responding to calls for mutual assistance, including deployments for Hurricanes Ian (2022) and Idalia (2023).

ComEd has launched a new Go Electric website to help customers consider switching from traditional furnaces to electric heat pumps. The site provides comprehensive information on heat pump benefits, pricing, incentives, and contractor locating. Heat pumps offer both heating and cooling capabilities, moving heat rather than generating it, resulting in a cleaner and more efficient process.

The Go Electric site features a heat pump 101 section, options comparison, personalized savings calculator, information on incentives and financing, and a contractor finder. ComEd is supporting customers in their transition to clean energy technologies by ensuring grid readiness for increased electrification and offering tools to ease the journey.

Heat pump adoption is seen as a key strategy for reducing greenhouse gas emissions and addressing climate change. ComEd has expanded its heat pump discounts, offering up to $1,400 per customer for purchasing and installing a new air source heat pump. In 2023, ComEd awarded over 5,000 heat pump discounts, with more than 10,000 discounts provided since 2021.

ComEd has announced the opening of applications for its Future of Energy Scholars program, offering $175,000 in scholarships to students pursuing careers in energy through trades training or STEM-related college majors. Scholarships range from $1,000 to $10,000 each, with applications open until November 3, 2024.

The program aims to support a diverse talent pipeline for the clean energy industry, offering up to $10,000 for college STEM programs and up to $2,500 for trades schools. Since 2022, ComEd has awarded nearly $860,000 in scholarships, reaching a diverse mix of students, including many female scholars.

This initiative aligns with the growing clean energy job market, which saw a 4% increase in 2023. In Illinois alone, the clean energy transition is expected to create up to 150,000 new jobs by 2050. To qualify, students must be enrolled in eligible programs, maintain a 2.8 GPA, and submit an application with references.

ComEd announced the Point of Purchase initiative at the Chicago Drives Electric event, offering instant discounts to qualifying business and public sector customers for electric fleet vehicles. This initiative, part of ComEd's nearly $90 million in EV funding for 2024, aims to accelerate EV fleet adoption in northern Illinois. The program involves collaboration with over 30 auto dealerships and various EV manufacturers.

The initiative builds on ComEd's existing EV rebate program, which reserves nearly half of all funds for low-income customers and those in equity investment eligible communities. Rebates range from $5,000 to $180,000 depending on vehicle type. This effort supports Illinois' goal of putting 1 million EVs on the road by 2030, as outlined in the Climate and Equitable Jobs Act (CEJA).