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 (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.
In January 2022, ComEd reported a significant increase in scams targeting its customers, with over 240 reports, a 150% rise from January 2021. Victims lost more than $27,000, escalating the issue 20 times compared to the previous year. Scammers frequently use mobile payment apps, tricking customers into making payments under threat of service disconnection. ComEd advises customers to remain vigilant against these tactics and provides tips on how to identify scams. The company is committed to helping customers avoid falling victim to such fraud.
Exelon Corporation (NASDAQ: EXC) advocates for increased funding for the Low-Income Home Energy Assistance Program (LIHEAP) during National LIHEAP Action Day. The company emphasizes the importance of this assistance for over 6 million financially struggling households. In 2021, LIHEAP provided $8 billion, boosted by an additional $4.5 billion from the American Rescue Plan, set to expire in September 2022. Exelon's utilities connected over 650,000 customers to $430 million in energy assistance last year, stressing the need for continued support for vulnerable communities.
Exelon Corporation (Nasdaq: EXC) and the Exelon Foundation have allocated
ComEd has introduced its Future of Energy program, investing
ComEd, a unit of Exelon Corporation (NASDAQ: EXC), reported significant improvements in power reliability due to grid investments since 2011, resulting in a 68% increase in reliability and avoiding over 17 million outages. These upgrades have saved customers more than
ComEd has appointed Zaldwaynaka "Z" Scott, president of Chicago State University, and Smita Shah, CEO of SPAAN Tech, Inc., as independent directors to its board. Their expertise promotes innovation and commitment to equity, particularly for women and minorities. Scott has a robust background in higher education advocacy while Shah leads an infrastructure firm specializing in transportation and telecommunications. These appointments aim to strengthen ComEd’s leadership as it develops a cleaner energy future for northern Illinois.
Exelon Corp. (Nasdaq: EXC) announced the retirement of Mayo A. Shattuck III, the board chair since 2012, effective April 26, 2022. His departure follows the successful separation of Exelon's regulated and unregulated businesses into Exelon and Constellation, respectively. The Board is in the process of selecting a new chair from its independent members, with an announcement expected in the 2022 proxy statement. Shattuck expressed pride in Exelon's achievements and emphasized the need for fresh leadership to enhance value for customers and communities.
The Board of Directors of Exelon Corporation has announced a quarterly dividend of $0.3375 per share, payable on March 10, 2022. Shareholders must be on record by 5 p.m. Eastern on February 25, 2022 to qualify. Exelon is the largest utility company in the U.S., serving over 10 million customers through six regulated utilities. The company's commitment to reliable and efficient energy delivery continues to impact communities positively.
The Board of Directors of Constellation Energy Corporation has declared a quarterly dividend of $0.141 per share on its common stock. This dividend will be payable on March 10, 2022, to shareholders of record as of 5 p.m. Eastern time on February 25, 2022.
Constellation is the largest producer of carbon-free energy in the U.S., generating over 32,400 megawatts of capacity. The company aims to achieve 100% greenhouse gas emissions elimination by 2040 through enhanced renewable resources.
Constellation has officially completed its separation from Exelon Corp, becoming a standalone public company and the largest carbon-free energy producer in the U.S. Trading under the symbol CEG, Constellation operates across 48 states, Canada, and the U.K. with a workforce of approximately 13,000. The company aims to achieve 95% carbon-free electricity by 2030 and 100% by 2040. With over 32,400 megawatts of capacity, it serves around 2 million customers, including three-fourths of Fortune 100 companies, focusing on clean energy solutions and environmental stewardship.
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