Exelon Corporation - EXC STOCK NEWS

ComEd has made significant progress in electrifying 450 low-income homes across northern Illinois through its Whole Home Electric program. The initiative, launched in 2022 with a $40 million investment, aims to reduce fossil fuel reliance, lower energy costs, and decrease carbon emissions for vulnerable communities. The program has electrified 180 single-family and 270 multi-family homes, with upgrades provided at no cost to qualifying customers.

Participating homes are estimated to reduce emissions by 2,500 metric tonnes of CO2 annually and save customers up to $500 per year on energy bills. The program supports Illinois' Climate and Equitable Jobs Act (CEJA) goals and targets communities historically impacted by air pollution. ComEd collaborates with partners like Elevate and Bickerdike Redevelopment to implement these upgrades, which include installing heat pumps, electric appliances, and weatherization improvements.

ComEd and the League of Chicago Theatres have awarded over $200,000 in grants to 18 local arts organizations through the seventh annual Powering the Arts Program. The initiative aims to expand access to arts and culture across northern Illinois, providing individual grants of up to $25,000 to nonprofits, including theaters, arts programs, cultural centers, and youth-focused organizations.

Since its inception in 2018, the program has contributed more than $1 million to creative projects and workshops. ComEd funds the initiative, while the League of Chicago Theatres manages the application review and award distribution process. This year's recipients represent a wide array of artistic disciplines, from children's art programs and music education to cultural dance and theater, supporting nearly 100 arts organizations throughout its history.

Delmarva Power celebrated the graduation of 34 students from its workforce development programs, demonstrating its commitment to community service and fostering a diverse workforce. The company operates two main programs:

1. Path to Success Program: A 10-month program in partnership with the Forum for Advancing Minority Engineers (FAME), graduating 10 high school seniors. It offers industry exposure, financial literacy, and a six-week paid internship.

2. Powering the Workforce Utility Training Program: Collaborating with Delaware Technical Community College (DTCC) and Cecil College, this program provides essential training for adults in the energy sector. DTCC's six-week program graduated 15 adults, while Cecil College's eight-week program saw nine graduates in its first cohort.

Graduates are now prepared for job opportunities with Delmarva Power or its contractors, contributing to the local economy and securing sustainable careers. The company plans to continue these programs, with the next cohorts starting in 2025.

ComEd, a leading energy company in northern Illinois, has been awarded the 2024 Drive Electric Award by Plug in America for its efforts to advance electric vehicle (EV) adoption. ComEd's initiatives include:

1. Launching nearly $90 million in EV rebate programs for residential, business, and community customers.

2. Supporting the incentivization of nearly 1,600 charging ports and 109 electric fleet vehicle purchases.

3. Creating the EV Readiness Program to help local communities prepare for EV growth.

4. Developing online resources like the ComEd EV Toolkit and EV Service Provider network.

These efforts align with Illinois' goal of putting 1 million EVs on the road by 2030, as set by the Climate and Equitable Jobs Act (CEJA).

Exelon Corp (Nasdaq: EXC) has appointed Marie Sylla Dixon as Senior Vice President of Federal Affairs. With over 20 years of experience in regulated industries, Sylla Dixon will oversee all federal-level governmental and regulatory activities for Exelon, the nation's largest utility company. She will play a important role in driving policies and initiatives that promote sustainable and innovative energy solutions.

Sylla Dixon's responsibilities include developing industry policies and providing strategic direction for relationships with key entities such as the U.S. Congress, governmental agencies, and the Federal Energy Regulatory Commission. Her expertise is expected to strengthen Exelon's partnerships with stakeholders to bring about sustainable and equitable solutions for its 10.5 million customers across diverse communities.

ComEd, part of Exelon, has been recognized as a national leader in economic development by Site Selection Magazine, marking its 10th inclusion in the Top 20 utilities list.

ComEd's contributions include securing 15 new commercial projects in 2023, bringing 4,385 jobs and over $8.6 billion in investments to northern Illinois.

Key factors for ComEd's success are its reliable and clean energy infrastructure, which supports major industries like data centers and manufacturing. ComEd's grid improvements have enhanced reliability by over 70%, providing 96% clean energy, with plans to reach 100% through CEJA.

Additionally, ComEd offers competitive energy rates, with industrial bills 44% lower than the national average, enhancing its appeal for new business investments and economic growth in the region.

ComEd presented a $45,000 electric vehicle (EV) rebate to the Village of Skokie, helping fund the electrification of its municipal fleet. This is part of ComEd's beneficial electrification plan, supported by Illinois' Climate and Equitable Jobs Act (CEJA), aimed at accelerating EV adoption. ComEd's EV rebate programs have deployed over $9 million in rebates to date, with half allocated to equity investment eligible communities or low-income customers.

Since February, ComEd has incentivized the addition of over 1,600 new charging ports and 109 new fleet vehicles. The percentage of monthly EV registrations in the region has doubled, outpacing the national rate. Skokie purchased six municipal fleet vehicles with the rebate, aligning with their Environmental Sustainability Plan to reduce carbon emissions.

ComEd has partnered with QUILT, an Illinois nonprofit, to expand affordable high-speed broadband access in Chicago's South and West Sides. QUILT will license reserve fiber optics on ComEd's system, supported by a $14.6 million grant from the Bipartisan Infrastructure Law and U.S. Department of Commerce. This initiative aims to bridge the digital divide in underserved communities, where up to 40% of households lack internet access.

QUILT, led by CEO Dwayne Douglas, will focus on deploying broadband infrastructure in North Lawndale, Woodlawn, and South Shore, offering internet speeds from 100 Mbps to 1 Gbps. The project also includes digital literacy training, workforce development, and job placement services. ComEd's fiber optic investments support grid modernization while creating opportunities for third-party broadband expansion.

Cambium Networks (NASDAQ: CMBM) has announced a strategic collaboration with QUILT, NODE Networks, TMA Technology Solutions, and ComEd to enhance digital equity in underserved communities across Chicago. The initiative, part of QUILT's Broadband Access for Brighter Futures Program, will deploy a 401-mile fiber network across Cook County and Chicago's South and West Sides, benefiting over 440,000 households.

The project will utilize ComEd's middle-mile infrastructure and Cambium Networks' technology, including cnWave 60 GHz, Enterprise Wi-Fi, cnMatrix Ethernet Switches, and XGS PON, to create a cost-effective hybrid-fiber solution. This approach aims to reduce deployment costs, expedite implementation, and significantly close the digital divide in the area.