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Exelon Corporation - EXC STOCK NEWS

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.

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ComEd and the League of Chicago Theatres announced the awarding of $160,000 in grants to 18 local community arts organizations in northern Illinois through the Powering the Arts Grant Program. Individual grants range from $10,000 to $25,000, aimed at enhancing access to arts and culture after pandemic disruptions. Since its inception in 2018, the program has allocated $580,000 to various initiatives to boost community engagement and arts appreciation.

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Constellation Energy Corporation (Nasdaq: CEG) leads the U.S. in carbon-free energy production, showcasing the lowest carbon dioxide emissions among the top 20 investor-owned power producers. An independent analysis revealed that Constellation's emissions are nearly four times lower than the next cleanest company. With around 90% of its output from carbon-free sources, Constellation aims for 100% carbon-free electricity by 2040, backed by federal grants for hydrogen production and direct air capture technologies. The firm partners with Microsoft to develop real-time carbon-free energy solutions.

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ComEd is promoting its sustainable vegetation management program using goats to clear brush under power lines. This initiative aims to enhance energy reliability while reducing safety risks and emissions. In a celebratory event on August 31, 2022, goats paraded on the Chicago River before heading to Matthiessen State Park. This marks their second annual visit to Chicago, with over 200 goats employed since 2019 to efficiently manage vegetation, avoiding outages and cutting costs significantly. ComEd serves over 4 million customers in northern Illinois.

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ComEd and the Better Business Bureau (BBB) report a surge in scams targeting customers, particularly during periods of extreme weather, with nearly $25,000 lost in July 2022, up from $4,000 in July 2021. The number of scam reports increased from 80 to 280 during the same period. Scammers typically threaten service disconnection and demand immediate payment via mobile apps like Cash App and Venmo. ComEd emphasizes it will never solicit cash payments or personal information in this manner.

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ComEd is actively recruiting for 75 entry-level overhead helper positions, part of a broader initiative to add 500 roles over three years amid Illinois' clean energy transformation. Applications are accepted until Sept. 7, 2022. These positions offer pathways to full-time union careers with starting pay around $29 per hour, alongside benefits. ComEd aims to enhance workforce diversity, prioritizing women and minorities. Training programs will prepare candidates for trade skills relevant to the evolving energy sector.

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UScellular has received $868,000 in incentive payments from the ComEd Energy Efficiency Program. Since joining in 2013, UScellular has upgraded operations at its Schaumburg, Ill. data center, saving around $700,000 annually on electric bills. Notable upgrades include replacing UPS infrastructure and switching to LED lighting. These improvements yield savings of nearly 8 million kilowatt hours of electricity per year, equivalent to reducing 6.8 million pounds of carbon emissions and removing 670 cars from the road.

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ComEd highlights the opening of the Low-Income Home Energy Assistance Program (LIHEAP) application season on September 1. In fiscal year 2022, $8.3 billion in federal funding is available to assist income-eligible customers with energy bills. ComEd encourages immediate action for those needing assistance, offering various options, including a one-time LIHEAP grant based on household size and income. In 2021, ComEd connected over 225,000 customers to $146 million in assistance. More details are available on their website.

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ComEd and CloudHQ have announced the groundbreaking of a $2.5 billion hyperscale data center campus in Mount Prospect, Illinois. Encompassing 1.5 million square feet, this facility aims to enhance the region's data center capacity and create hundreds of jobs by 2024. This project marks the eighth data center initiative in the area within the last year, showcasing ComEd’s commitment to supporting growing technology needs. The completed campus will provide over 100 permanent jobs and 3,000 construction jobs, contributing significantly to local investment and economic growth.

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FAQ

What is the current stock price of Exelon Corporation (EXC)?

The current stock price of Exelon Corporation (EXC) is $37.43 as of December 27, 2024.

What is the market cap of Exelon Corporation (EXC)?

The market cap of Exelon Corporation (EXC) is approximately 37.6B.

What does Exelon Corporation do?

Exelon Corporation is a leading competitive energy provider in the U.S., offering power generation and utility services through its subsidiaries.

How many customers does Exelon serve?

Exelon serves approximately 10 million customers across six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.

What is Constellation Energy?

Constellation Energy is a business unit of Exelon that provides energy products to about 2 million residential, public sector, and business customers.

What are some of Exelon's recent achievements?

Delmarva Power, a subsidiary of Exelon, received the 2024 ENERGY STAR Partner of the Year: Sustained Excellence Award for its energy efficiency programs.

What sustainability initiatives is Exelon involved in?

Exelon focuses on reducing greenhouse gas emissions and promoting environmental stewardship through various energy efficiency programs and partnerships.

How does Exelon contribute to grid reliability?

Exelon collaborates with partners like Resideo Technologies to implement programs like BGE's Connected Rewards℠, which reduce electricity demand during peak periods.

What is Exelon's financial performance?

In 2015, Exelon reported revenues of approximately $34.5 billion, reflecting its strong financial position.

Which states does Exelon operate in?

Exelon operates in 48 states, the District of Columbia, and Canada, with utility services in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.

How can I stay updated on Exelon's news?

Follow Exelon on Twitter @Exelon or visit their website for the latest updates and news.

What are some of Exelon's key subsidiaries?

Exelon's key subsidiaries include Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco.

Exelon Corporation

Nasdaq:EXC

EXC Rankings

EXC Stock Data

37.61B
1.00B
0.12%
86.23%
1.7%
Utilities - Regulated Electric
Electric & Other Services Combined
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United States of America
CHICAGO