Exelon Corporation - EXC STOCK NEWS

Exelon Corporation (NASDAQ: EXC) has opened applications for its Green Lab Grants, offering a total of $1 million to education-focused organizations within its service areas. Eligible applicants include public and private schools and nonprofits serving Title I-eligible students, with grants of up to $50,000 available. The funding aims to modernize science labs and support STEM education. Applications are accepted until September 26, 2022. This initiative reflects Exelon's commitment to enhancing educational opportunities in the communities it serves.

ComEd has submitted a request for a $199 million increase in electricity delivery charges to the Illinois Commerce Commission. While this would raise monthly residential delivery charges by approximately $2.20, it is projected that the total average customer bill in January 2023 will be lower than current levels due to a $65 million offset from deferred income tax benefits and a 65% reduction in capacity charges. ComEd aims to improve infrastructure reliability and support a transition to 100% clean energy, while maintaining competitive rates.

ComEd has expanded its Community of the Future program to Rockford, Illinois, collaborating with local leaders to promote sustainability and advanced energy technologies. This initiative aims to integrate clean energy solutions, including solar power and electric vehicles, to reduce costs and carbon emissions for the community. Rockford becomes the second Community of the Future, following Chicago's Bronzeville. The program is supported by a Community Advisory Council of 15 local leaders, focusing on environmental sustainability, safety, job growth, and reliable power access.

ComEd has launched the Powering Our Future initiative, investing $450,000 to expand STEM and skilled trades training at four Chicago high schools. This program aims to train up to 1,000 students in historically underserved communities over three years. The curriculum will focus on energy, utilities, advanced manufacturing, and technology sectors, addressing the underrepresentation of women and minorities in STEM fields. The program includes hands-on experiences and partnerships with local organizations like Big Shoulders Fund and United Way Metro Chicago.

Constellation (Nasdaq: CEG), the largest carbon-free energy producer in America, advises investors to reject a mini-tender offer from TRC Capital Investment Corp. dated April 1, 2022. The offer is to buy up to 2 million shares at a price 4.26% below the current market value. This represents 0.61% of Constellation's outstanding shares. The SEC warns that mini-tender offers may lack investor protections and often come at below-market prices. Constellation encourages shareholders to review current quotes and consult advisors before responding to TRC's offer.

ComEd has appointed Lisa Graham as the new senior vice president, chief financial officer, and treasurer, effective April 1. Graham brings 12 years of experience with the company and formerly served as Exelon's treasurer. She succeeds Joe Trpik, who has transitioned to Exelon's senior vice president and corporate controller. CEO Gil Quiniones expressed confidence in Graham's leadership abilities to drive financial excellence. This leadership change is part of a broader series of executive announcements, including the appointment of a new general counsel and CEO.

Constellation (NASDAQ: CEG) announces its commitment to National Volunteer Month with over 50 service events planned across 12 states. Employees will collectively contribute nearly 1,000 service hours, engaging in projects such as building homes for low-income families, food distribution, and environmental clean-ups. CEO Joe Dominguez highlighted the importance of community service in enhancing quality of life. In 2021, Constellation volunteers provided more than 62,000 hours of service. As the largest producer of carbon-free energy in the U.S., Constellation aims for 100% greenhouse gas emissions reduction.

ComEd, a unit of Exelon Corporation, encourages customers in Illinois facing financial difficulties to explore available bill-assistance options. The company is enhancing support services, including the Low Income Home Energy Assistance Program (LIHEAP) and its Supplemental Arrearage Reduction Program (SARP), to help eligible residents. ComEd also offers flexible payment programs such as deferred payment arrangements and budget billing to ease financial strains. The Smart Assistance Manager tool was launched to streamline access to financial assistance and energy-saving options.

Constellation has rebranded its Maryland home services division, previously known as BGE HOME, to Constellation Home, following its separation from Exelon on February 1, 2022. The rebranding includes new logos and colors which will be gradually introduced over the coming months, ensuring continuity for customers. Constellation Home, a top service provider in Maryland, aims to deliver reliable energy solutions, managing energy usage for customers and supporting a transition to carbon-free energy. The company expects to serve up to 1,000 homes daily.