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, the largest clean energy producer in the U.S., advocates for urgent climate action amid COP26 discussions in Glasgow. President and CEO Chris Crane emphasizes the need for bipartisan support for the Build Back Better framework to enhance global competitiveness, promote innovation, and secure jobs. He urges lawmakers to pass significant climate and clean energy legislation, which could drive substantial advancements in the U.S.'s energy policy. Exelon serves around 10 million customers and had a revenue of $33 billion in 2020, boasting a diverse and low-cost clean energy generation portfolio.
The Board of Directors of Exelon Corporation has declared a quarterly dividend of
Exelon Corp. has announced leadership appointments in preparation for its separation into two companies, Exelon (utility) and Constellation (competitive energy), scheduled for Q1 2022. Key executive roles have been filled, including Calvin Butler as COO of Exelon and Kathleen Barrón as Chief Strategy Officer of Constellation. The company is making significant progress toward the separation, which requires several regulatory approvals. Exelon serves around 10 million customers and had $33 billion in revenue in 2020. More updates will be shared as the separation nears completion.
Exelon has established a $36 million Racial Equity Capital Fund to support minority-owned businesses in underserved communities across its utility service areas. This initiative aims to provide much-needed capital to fuel growth and job creation, with loans ranging from $100,000 to $300,000 and equity investments nearing $1 million. Managed by RockCreek, the fund addresses historical disparities in financing availability for minority businesses. Exelon also spent $2.7 billion with diversity-certified suppliers and initiated various workforce development programs.
Exelon has elected Carlos Gutierrez, former U.S. Secretary of Commerce, to its board of directors. Gutierrez brings extensive experience in technology and corporate leadership, having served as CEO of EmPath and Kellogg Company. His tenure in government included facilitating landmark free trade agreements. Chairman Mayo Shattuck emphasized Gutierrez's unique perspective and expertise, which will benefit Exelon as it continues to serve approximately 10 million customers across the U.S. Exelon reported 2020 revenue of $33 billion.
Exelon Corporation has launched the Exelon HBCU Corporate Scholars Program, providing $3 million in scholarships for 24 students attending historically Black colleges and universities (HBCUs). Each student will receive $100,000 over four years, which includes summer internships and career readiness support. The program aims to prepare students for careers in the energy sector, with eligibility for students from Delaware, Illinois, Maryland, New Jersey, Pennsylvania, and Washington, D.C. CEO Chris Crane emphasized the importance of diversity in fostering innovation.
ComEd has announced the selection of 10 new ComEd Scholars for 2021, providing financial support, mentoring, and internship opportunities to students from underserved Chicago communities pursuing engineering degrees at Illinois Tech and UIC. This initiative aims to fill tuition gaps beyond financial aid and promote diversity in STEM fields. Since its inception, the program has supported 22 students, reflecting ComEd's commitment to educational equity and workforce development in the region.
ComEd's inaugural Powering the Holidays Program awards
ComEd has announced the appointment of Gil C. Quiniones as its new CEO, effective November 15, 2021. Quiniones brings over 30 years of experience, having served as the president and CEO of the New York Power Authority for the last decade. His leadership is expected to enhance ComEd's commitment to providing reliable, affordable, and clean energy to over 4 million customers in northern Illinois. He will report to Calvin Butler, the CEO of Exelon Utilities, who has been serving as the interim CEO.
ComEd is set to host a virtual job fair and networking event for the Bronzeville community on October 21, 2021, from 10 a.m. to 2 p.m. This event is part of their Community of the Future program, aimed at enhancing sustainability and connectedness within the community. Attendees will network with industry representatives and learn about emerging energy technologies. The event includes panel discussions on breakthrough innovations and the status of the Bronzeville Community of the Future. Registration is available at techandenergyexpo.vfairs.com.
FAQ
What is the current stock price of Exelon Corporation (EXC)?
What is the market cap of Exelon Corporation (EXC)?
What does Exelon Corporation do?
How many customers does Exelon serve?
What is Constellation Energy?
What are some of Exelon's recent achievements?
What sustainability initiatives is Exelon involved in?
How does Exelon contribute to grid reliability?
What is Exelon's financial performance?
Which states does Exelon operate in?
How can I stay updated on Exelon's news?
What are some of Exelon's key subsidiaries?
