Exelon - EXC STOCK NEWS

ComEd has facilitated energy savings of approximately $17.5 million for nearly 130,000 customers in northern Illinois through its home energy assessment program. Since 2014, these assessments have contributed to $30 million in free energy-saving products. Customers have saved over 125 million kilowatt-hours and reduced carbon emissions by more than 106 million pounds. The program aims to enhance energy efficiency and lower costs, showcasing ComEd's commitment to providing reliable electricity and supporting cleaner energy solutions.

PPG has entered a 12-year agreement with Constellation to procure clean energy for its Adrian, Michigan manufacturing facility. Starting in 2024, PPG will receive 1.5 MW from the Double Black Diamond Solar Energy Project, aiming to reduce its carbon footprint by over 2,400 metric tons annually, equivalent to emissions from 530 gasoline cars. This initiative supports PPG's ongoing sustainability efforts and aligns with its decarbonization goals. The partnership highlights PPG's commitment to renewable energy and its intent to explore more global opportunities in this sector.

This summer, Constellation's nuclear plants delivered high generation reliability amidst extreme weather, with a remarkable capacity factor of 99%. The company, a leader in carbon-free energy, operates 12 nuclear facilities across the East Coast and Midwest, providing uninterrupted electricity to millions of homes. Ongoing maintenance and technology upgrades helped maintain this reliability, critical during tough climatic conditions. Constellation aims for 100% carbon-free power generation by 2040, leveraging its diverse energy mix and largest nuclear fleet in the U.S.

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.

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.

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.

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.