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) generates a steady flow of news as a Fortune 200 utility company and one of the nation’s largest providers of regulated transmission and distribution services. Through its six operating utilities—Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco—Exelon issues updates on customer programs, grid investments, financing activities and regulatory developments that affect more than 10.7 million customers.
News about EXC often covers customer affordability initiatives and assistance programs. Recent announcements include Exelon’s Customer Relief Fund, which has provided $60 million in direct customer assistance over the past year, and an additional $10 million contribution to support customers as winter weather increases energy use. ComEd has also highlighted the launch of a Low-Income Discount program designed to provide percentage-based bill reductions for income-eligible customers, as well as other bill-support and energy efficiency efforts.
Investors and observers can also find coverage of Exelon’s grid and transmission projects. ComEd has reported on new Transmission Security Agreements with large load customers to ensure they pay their fair share of transmission costs, as well as the expansion of the Wilton Center substation to enable the interconnection of multiple wind and solar farms. Exelon has additionally been identified with NextEra Energy Transmission in a proposed 765-kV transmission line project under PJM’s Regional Transmission Expansion Plan.
Other EXC news items include executive leadership changes, such as the appointment of a chief customer and technology officer, and capital markets activity, including the offering and pricing of convertible senior notes due 2029. The Exelon news page on Stock Titan aggregates these updates so readers can follow themes such as customer affordability, infrastructure investment, regulatory disclosures and financing decisions related to EXC.
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
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.
Exelon Corporation (Nasdaq: EXC) and the Exelon Foundation are set to host the fifth annual Exelon Foundation STEM Leadership Academy, empowering young women in grades 10 and 11 to combat climate change. Taking place in Philadelphia, Baltimore, and Chicago between July 10 and August 5, 2022, the program includes hands-on STEM activities and an Energy Innovation Challenge. Additionally, Exelon is launching a scholarship to support Academy alumnae in college, aiming to bridge racial and gender gaps in STEM careers.
ComEd has launched the Gar Creek community solar project in Kankakee County, Illinois, providing low to moderate-income customers access to solar energy and potential savings of up to $1,000 annually. The project, developed with Fosler Solar and Trajectory Energy Partners, will serve up to 600 customers and is part of ComEd's 'Give-A-Ray' program. ComEd will cover all subscription fees, enabling participation without installation costs. The project aims to enhance clean energy access in low-income neighborhoods and is supported by Illinois Solar for All incentives.