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 (EXC) reports developments across a regulated electric and gas utility portfolio anchored by Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco. Recurring company news covers utility earnings drivers, approved distribution and transmission rates, grid investment recovery, dividend declarations and customer-affordability initiatives under The Exelon Promise.
Coverage also reflects ComEd energy efficiency programs in northern Illinois, small-business and low-income customer incentives, Illinois Commerce Commission reconciliation filings, and federal policy matters involving FERC and the PJM regional electric grid. These updates connect Exelon's transmission and distribution operations with customer costs, reliability planning and regulated rate mechanisms.
ComEd and Northbrook Park District have announced an energy efficiency initiative across eight locations, potentially saving over $135,000 annually and qualifying for over $900,000 in incentives. Since 2008, ComEd's Energy Efficiency Program has saved northern Illinois customers approximately $7 billion on electricity bills. The program also received recognition from the EPA and DOE as the ENERGY STAR® Partner of the Year—Sustained Excellence Award.
ComEd has appointed Lewis 'Louie' Binswanger as the new senior vice president of governmental and regulatory affairs, effective August 15. With nearly 40 years of experience in the utility sector, Binswanger will oversee governmental and regulatory strategy, energy acquisition, and economic development. Previously, he served as vice president of external affairs at Nicor Gas, and held senior roles at SourceGas and TECO Energy. His appointment comes as ComEd continues to implement the state's Climate and Equitable Jobs Act aimed at promoting clean energy solutions.
Duquesne Light Company (DLC) announced a collaboration with ComEd and Pacific Gas and Electric (PG&E) to enhance underground electrical infrastructure through the "Monitoring Electrical Cable Challenge." The initiative, with a prize pool of $750,000, aims to improve safety and reliability of underground networks in Pittsburgh. The partners will guide challenge finalists and evaluate results to strengthen the electrical grid. The final solutions will be tested, with a pilot deployment expected in early 2023. The challenge seeks innovative solutions to maintain critical infrastructure.
Constellation, the largest producer of carbon-free energy in the U.S., is launching customized carbon emissions reports for all commercial and industrial clients. This initiative is part of their 100/100/100 climate pledge, aiming for 95% carbon-free electricity by 2030 and 100% by 2040. The reports will detail customers' emissions and offer insights on reducing carbon footprints. With 60% of Fortune 500 companies pursuing climate goals, this move aligns with growing corporate and governmental focus on sustainability. Reports will be distributed to clients, including three-fourths of the Fortune 100, by the end of 2022.
The Board of Directors of Exelon Corporation (NASDAQ: EXC) has declared a regular quarterly dividend of $0.3375 per share, payable on September 9, 2022. Shareholders of record as of August 15, 2022, will receive this dividend. Exelon is recognized as the nation’s largest utility company, serving over 10 million customers through its six regulated utilities. The company emphasizes reliable service and community support through various initiatives.
The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) has declared a quarterly dividend of $0.141 per share on common stock. This dividend is payable on September 9, 2022, to shareholders of record as of 5 p.m. Eastern time on August 15, 2022. Constellation is the largest producer of clean, carbon-free energy in the U.S., providing approximately 10% of the grid's carbon-free energy with a goal of achieving 100% carbon-free power generation by 2040.
ComEd has launched a $1.8 million grant program aimed at enhancing clean energy access for low-income families and businesses in northern Illinois. The initiative offers up to $450,000 in grants to four qualified nonprofit organizations that adhere to diversity and inclusion practices. Applications are open until August 5, 2022. This initiative is part of ComEd's broader commitment to support local communities and address economic disparities exacerbated by the pandemic, ensuring equitable access to clean energy resources.
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ComEd has graduated 33 diverse contractor businesses from its Energy Efficiency Service Provider (EESP) Incubator program, aimed at enhancing energy efficiency and supporting minority-owned, woman-owned, and veteran-owned firms across northern Illinois. Since 2019, the program has assisted 66 contractors, enabling them to save energy for 139 local residents and businesses. ComEd's initiatives have resulted in energy savings of over 56 million megawatt hours and $6.7 billion in customer savings, while collectively reducing carbon emissions significantly.
ComEd has reintroduced honeybee hives for the third consecutive year beneath its power lines in Prospect Heights, Illinois. This initiative aims to raise awareness of pollinator conservation, providing a safe habitat for bees that are vital for food production. Two hives have been placed on five acres of native prairie, supporting the local ecosystem. ComEd has collaborated with Alveole, harvesting 42.65 kilograms of honey in previous years. Recent efforts have also seen land designated as pollinator habitats reach nearly 4,000 acres, along with the distribution of 3 million milkweed seeds for monarch butterflies.