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.
ComEd has successfully completed final testing of a $4 million grant from the U.S. Department of Energy to enhance microgrid technology, crucial for energy security and clean energy integration amid climate challenges. The tests were conducted at the Bronzeville Community Microgrid in Chicago. The microgrid demonstrated operational resilience, disconnecting and reconnecting to the main grid without outages. This project will support over 1,000 customers, including essential public services, driving the utility toward a more sustainable future.
ComEd announced the successful completion of testing for a $4 million grant from the U.S. Department of Energy to enhance energy security through microgrid technology. The Bronzeville Community Microgrid showcased zero outages, demonstrating its ability to operate independently during severe weather. This initiative aims to integrate clean energy and improve grid resilience, directly benefiting over 1,000 customers, including public service agencies. ComEd plans to finalize the installation of Distributed Energy Resources (DER) into the microgrid next year.
ComEd has saved customers over $6 billion through its Energy Efficiency Program since 2008, aiding both residential and business sectors in reducing energy consumption. This initiative has enabled savings equivalent to powering 6.5 million homes for a year and eliminated more than 61 billion pounds of carbon emissions. ComEd’s commitment to delivering clean and affordable energy continues, with suggestions for customers to prepare homes for winter while managing energy costs.
Exelon Corp. (Nasdaq: EXC) has received final regulatory approval from the New York State Public Service Commission to proceed with its plan to separate into two distinct companies by Q1 2022. This approval allows the transfer of Exelon’s New York nuclear facilities to the new Constellation company. The separation aims to enhance strategic flexibility and financial strength to better serve over 10 million customers across the U.S. Completion is subject to Board approval and SEC procedures, but no shareholder approval is required.
Exelon Corporation, recognized with the Chairman’s Award by the Center for Energy Workforce Development, celebrates its leadership in workforce development. The honor acknowledges Exelon's commitment to enhancing a skilled, diverse energy workforce and economic growth in communities. Its 100+ programs have helped over 34,000 participants, with 1,700 graduates employed in meaningful positions. Additionally, ComEd and Delmarva Power received accolades for community partnerships focused on economic equity. This underscores Exelon’s ongoing commitment to preparing work-ready adults and youth for family-supporting careers.
Exelon Corp. (Nasdaq: EXC) hosted U.S. Secretary of Energy Jennifer M. Granholm at the Braidwood Generating Station, emphasizing the importance of clean energy investments in combating climate change. The visit was aligned with the Biden administration's Build Back Better agenda, which seeks to support the nuclear fleet that generates over 50% of the U.S.'s clean energy. Key figures include Braidwood's capacity to power over 2 million homes and its role in supporting jobs and the economy through carbon-free electricity. The company urges Congress to act on climate legislation to secure a sustainable energy future.
The Illinois Commerce Commission approved ComEd's investment plan aimed at enhancing grid reliability and facilitating the transition to renewable energy. This decision follows an eight-month review and will result in a $46 million rate increase, adding 16 cents to the average residential bill starting January. Despite this, ComEd maintains competitive rates, being 17% lower than major U.S. metropolitan areas. The company also supports low-income customers with over $138 million in assistance amid rising energy efficiency fees.
ComEd has been honored by the Center for Energy Workforce Development (CEWD) with the Community Partner Award for its impactful job training and placement programs aimed at minority communities. Highlighting the success of the CONSTRUCT Infrastructure Academy and its collaboration with the Chicago Public Schools, ComEd has trained over 600 students since 2013, achieving a 70% employment rate post-graduation. This program enhances workforce development, preparing diverse candidates for roles in the utility and construction sectors.
This holiday season, a collaboration between the Better Business Bureau and utility companies aims to raise awareness about increasing scam attempts targeting consumers. Steve Bernas, CEO of the BBB of Chicago, indicates a rise in imposters posing as utility workers. In 2020, Americans lost over $3.3 billion to fraud, with nearly $1.2 billion due to impersonation scams. The initiative coincides with Utility Scam Awareness Week (Nov. 14-20) to educate customers on protective measures, including verifying identification and never disclosing personal information to unsolicited contacts.
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