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 Waukegan Public Schools (WPS) have completed a five-year, 51-project energy-efficiency initiative projected to save WPS over $609,000 annually on electric bills. This effort is part of the ComEd Energy Efficiency Program, which has saved northern Illinois customers approximately $6.7 billion since 2008. The program recently received recognition from the EPA and Department of Energy with the ENERGY STAR® Partner of the Year—Sustained Excellence Award. The combined energy savings from all projects reach over 6 million kilowatt-hours, significantly reducing carbon emissions.
ComEd has launched the EV Readiness Program in partnership with the Metropolitan Mayors Caucus, committing $225,000 to help northern Illinois communities prepare for electric vehicle (EV) infrastructure. The initiative aims to guide local governments in enhancing policies to promote EV adoption and facilitate access to state and federal funding, including a share of the $5 billion investment from Congress. The program aligns with Illinois’ goal of having 1 million EVs on roads by 2030 and fosters cleaner air quality and decarbonization.
ComEd has submitted its inaugural annual ethics and compliance report to the Illinois Commerce Commission (ICC) as mandated by the Climate and Equitable Jobs Act (CEJA). This report outlines the utility's internal controls and commitment to ethical standards, aimed at enhancing transparency for the 9 million residents it serves in northern Illinois. ComEd's CEO emphasized their dedication to high ethical standards and the ongoing efforts to rebuild trust with customers and stakeholders. The report is publicly accessible and includes comprehensive information on compliance policies and financial risk assessments.
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ComEd and the Chicago Park District announce the eighth annual Switch on Summer celebration set for May 14 from 12 p.m. to 3 p.m. at Buckingham Fountain. The event will feature family-friendly entertainment, educational programming, and a sweepstakes for one winner to activate the fountain. WGN-TV’s Chief Meteorologist Tom Skilling will host the event, expecting 15,000 attendees. The celebration marks the unofficial start of summer while promoting energy-saving opportunities and solar energy resources.
The Board of Directors of Exelon Corporation declared a quarterly dividend of $0.3375 per share, payable on June 10, 2022. Shareholders on record as of May 13, 2022, will receive this dividend. Exelon, the largest utility company in the U.S., serves over 10 million customers through six regulated utilities, demonstrating its commitment to reliable and efficient energy delivery.
The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) has declared a quarterly dividend of $0.141 per share on its common stock. This dividend will be payable on June 10, 2022, to shareholders of record as of 5 p.m. ET on May 13, 2022. Constellation is the largest producer of carbon-free energy in the U.S., with a capacity of over 32,400 megawatts and an annual output that is 90% carbon-free. The company aims to eliminate all greenhouse gas emissions by 2040.
ComEd is donating over 3,300 trees and shrubs to northern Illinois communities on Arbor Day, April 29, to enhance green spaces and promote energy efficiency. This initiative, part of the Arbor Day Foundation's program, contributes to cleaner air and reduces energy costs. Since 2015, ComEd has provided over 30,000 trees, saving over 51 million kilowatt hours and sequestering 31.6 million pounds of carbon. The 2023 donation is expected to generate $247,000 in energy savings, with long-term benefits projected at $7.8 million over 20 years.
The U.S. Department of Energy has awarded a $2.5 million grant to Constellation for research on direct air capture (DAC) technology at its Byron nuclear plant in Northern Illinois. This project aims to remove 250,000 tons of CO2 annually, contributing to climate change mitigation. Constellation's partnerships include industry leaders such as 1PointFive Inc. and Carbon Engineering. The study will explore integrating DAC technology with nuclear operations and assess its potential for carbon sequestration, enhancing Constellation's role in a carbon-free future.
Exelon (Nasdaq: EXC) reported significant improvements in electric service reliability across its utilities in 2021, driven by strategic investments in grid modernization and resilience. According to COO Calvin Butler, the company is committed to addressing climate change's impact while aiming for net-zero operational emissions by 2050. Key highlights include a 60% reduction in outage frequency at Atlantic City Electric and record reliability at ComEd, which has avoided over 17 million outages. Exelon plans to invest $29 billion over the next four years to enhance service further.