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.
Exelon Corporation (NASDAQ: EXC) reported first-quarter 2022 results, marking a pivotal moment post-separation from Constellation Energy. The company achieved a GAAP Net Income of $0.49 per share and Adjusted Operating Earnings of $0.64 per share, reflecting a year-over-year increase. Adjusted earnings guidance for 2022 is reaffirmed at $2.18-$2.32 per share. Strong operational performance was noted, particularly in ComEd, which provided record reliability. Recent regulatory activities include distribution rate cases filed by PECO and ComEd, supporting infrastructure investments.
ComEd and Waukegan Public Schools (WPS) have completed a five-year, 51-project energy-efficiency initiative projected to save WPS over
ComEd has launched the EV Readiness Program in partnership with the Metropolitan Mayors Caucus, committing $225,000 to help northern Illinois communities prepare for electric vehicle (EV) infrastructure. The initiative aims to guide local governments in enhancing policies to promote EV adoption and facilitate access to state and federal funding, including a share of the $5 billion investment from Congress. The program aligns with Illinois’ goal of having 1 million EVs on roads by 2030 and fosters cleaner air quality and decarbonization.
ComEd has submitted its inaugural annual ethics and compliance report to the Illinois Commerce Commission (ICC) as mandated by the Climate and Equitable Jobs Act (CEJA). This report outlines the utility's internal controls and commitment to ethical standards, aimed at enhancing transparency for the 9 million residents it serves in northern Illinois. ComEd's CEO emphasized their dedication to high ethical standards and the ongoing efforts to rebuild trust with customers and stakeholders. The report is publicly accessible and includes comprehensive information on compliance policies and financial risk assessments.
ComEd and the Chicago Park District announce the eighth annual Switch on Summer celebration set for May 14 from 12 p.m. to 3 p.m. at Buckingham Fountain. The event will feature family-friendly entertainment, educational programming, and a sweepstakes for one winner to activate the fountain. WGN-TV’s Chief Meteorologist Tom Skilling will host the event, expecting 15,000 attendees. The celebration marks the unofficial start of summer while promoting energy-saving opportunities and solar energy resources.
The Board of Directors of Exelon Corporation declared a quarterly dividend of $0.3375 per share, payable on June 10, 2022. Shareholders on record as of May 13, 2022, will receive this dividend. Exelon, the largest utility company in the U.S., serves over 10 million customers through six regulated utilities, demonstrating its commitment to reliable and efficient energy delivery.
The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) has declared a quarterly dividend of $0.141 per share on its common stock. This dividend will be payable on June 10, 2022, to shareholders of record as of 5 p.m. ET on May 13, 2022. Constellation is the largest producer of carbon-free energy in the U.S., with a capacity of over 32,400 megawatts and an annual output that is 90% carbon-free. The company aims to eliminate all greenhouse gas emissions by 2040.
ComEd is donating over 3,300 trees and shrubs to northern Illinois communities on Arbor Day, April 29, to enhance green spaces and promote energy efficiency. This initiative, part of the Arbor Day Foundation's program, contributes to cleaner air and reduces energy costs. Since 2015, ComEd has provided over 30,000 trees, saving over 51 million kilowatt hours and sequestering 31.6 million pounds of carbon. The 2023 donation is expected to generate $247,000 in energy savings, with long-term benefits projected at $7.8 million over 20 years.
The U.S. Department of Energy has awarded a $2.5 million grant to Constellation for research on direct air capture (DAC) technology at its Byron nuclear plant in Northern Illinois. This project aims to remove 250,000 tons of CO2 annually, contributing to climate change mitigation. Constellation's partnerships include industry leaders such as 1PointFive Inc. and Carbon Engineering. The study will explore integrating DAC technology with nuclear operations and assess its potential for carbon sequestration, enhancing Constellation's role in a carbon-free future.
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