Welcome to our dedicated page for Exelon news (Ticker: EXC), a resource for investors and traders seeking the latest updates and insights on Exelon stock.
Exelon Corporation (EXC) operates at the forefront of energy delivery through its regulated utilities and competitive power generation services. This dedicated news hub provides investors and industry stakeholders with timely updates on EXC's strategic initiatives, financial performance, and operational milestones.
Access official press releases, earnings reports, and regulatory filings alongside curated analysis of Exelon's role in advancing sustainable energy infrastructure. Track developments across key areas including grid modernization projects, rate case decisions, and renewable energy investments that shape the company's position in North America's energy landscape.
Our continuously updated feed serves as your primary source for understanding EXC's responses to market trends, environmental policies, and technological innovations in electricity distribution. Bookmark this page to monitor how Exelon's dual focus on reliability and innovation impacts its service territories and competitive generation portfolio.
ComEd reported outstanding reliability performance for 2022, with fewer power outages than any comparable electric company for the fifth consecutive year. Customers experienced faster service restoration, and reliability improved by 82% since smart grid enhancements began in 2012. Over 3.6 million customers had minimal outages in 2022, avoiding nearly 19 million outages, resulting in savings of over $3 billion. Additionally, ComEd's average residential bill remains lower than that of 49 other states, contributing to its reputation for low-cost, reliable service.
ComEd warns customers about an increase in utility scams as Utility Scam Awareness Day approaches on November 16. Impersonators may call or visit pretending to be ComEd employees, demanding immediate payment or personal information. ComEd emphasizes that they will never ask for direct payment via cash cards or third-party apps, nor will they demand immediate payment or personal details. The utility company provides payment assistance programs for those struggling with bills and encourages customers to verify employees by contacting ComEd directly if unsure about their identity.
ComEd is hosting a free webinar, Navigating the Journey to EVs, on Dec. 1, 2022, at 6 p.m. to assist consumers in transitioning to electric vehicles (EVs). The event provides essential insights on EV benefits, installation of charging stations, and available rebates up to $4,000 through the state's EV Rebate program. Erica Borggren from ComEd emphasizes the health, environmental, and economic benefits of EVs, which can save drivers over $2,000 annually on fuel. Interested attendees can register for the webinar at NavigatingtheJourneytoEVs.eventbrite.com.
ComEd has awarded scholarships to four local students pursuing STEM degrees at Illinois Institute of Technology and University of Illinois Chicago as part of its 2022 ComEd Scholars program. This initiative aims to bridge the funding gap for students and foster diversity in the STEM workforce. Recipients also benefit from mentorship and internship opportunities at ComEd and its parent company, Exelon. Since its launch in 2019, the program has supported 26 students, highlighting ComEd's commitment to educational equity and workforce development.
Constellation Energy Corporation (Nasdaq: CEG) reported a third-quarter 2022 GAAP net loss of $188 million, a significant decline from a net income of $607 million in the same period last year. Adjusted EBITDA (non-GAAP) decreased to $592 million from $967 million in Q3 2021. The company has narrowed its full-year adjusted EBITDA guidance to $2.45 billion - $2.65 billion. Notably, S&P upgraded its issuer credit rating to BBB, reflecting improved business risk due to supportive policies from the recently signed Inflation Reduction Act. The company is pursuing license renewals for its nuclear plants.
ComEd has launched a new electrical substation in Franklin Park, Illinois, in partnership with Digital Realty, the world's largest provider of data center solutions. This substation, located on Digital Realty's campus, enhances power capacity crucial for supporting the booming data center industry in northern Illinois, which has seen over
ComEd announced its intent to file a comprehensive multi-year grid plan and a four-year rate plan with the Illinois Commerce Commission in January 2023. This initiative aligns with the Climate and Equitable Jobs Act's goals for clean energy and job creation. CEO Gil Quiniones emphasized that a resilient grid is essential for decarbonization and local environmental improvement. Notably, ComEd achieved record reliability in 2022, with rates significantly lower than national averages, enhancing service for over 4 million customers in Illinois.
FAQ
What is the current stock price of Exelon (EXC)?
What is the market cap of Exelon (EXC)?
