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Exelon Corporation - $EXC STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Exelon Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Exelon Corporation's position in the market.

Rhea-AI Summary

ComEd has launched the Market Development Initiative (MDI) to provide training and support services for local, diverse service providers and entrepreneurs in northern Illinois. The initiative aims to help individuals, both new and experienced in the energy-efficiency industry, compete for job opportunities in this growing sector. MDI aligns with Illinois' Climate and Equitable Jobs Act (CEJA), promoting clean energy technologies to lower carbon emissions. ComEd projects a net increase of over 150,000 jobs by 2050 due to the transition to clean energy. The initiative includes workforce training programs, resources for diverse vendors, and tools for energy efficiency service providers.

The next training sessions are scheduled for August 19, 2024, for newcomers and October 14, 2024, for experienced individuals. MDI also offers support for local businesses in obtaining certification and navigating the procurement process, with applications now open at ComEd.com/MDI. This program aims to foster community involvement and create meaningful career opportunities in the energy efficiency field.

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1.52%
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ComEd has completed one of the nation's first neighborhood-scale community microgrids in Bronzeville, Chicago. The Bronzeville Community Microgrid (BCM) will integrate renewable energy and battery storage to boost power resiliency for about 1,000 customers. The project, partly funded by DOE grants, features 750 kW of solar photovoltaic energy and 500 kW/2 MWh of battery storage. It will link with the Illinois Institute of Technology's microgrid in 2025 to form a resilient cluster. Key infrastructure, including Chicago Police headquarters, will benefit from this enhanced grid stability. The project aligns with Illinois's clean energy goals and involves local community engagement and educational initiatives.

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Hilco Redevelopment Partners (HRP) announced that its founder and CEO, Roberto E. Perez, has been appointed to the board of directors for PECO, Pennsylvania's largest electric and natural gas distribution company.

Perez's extensive background in land development and energy infrastructure is expected to enhance PECO's strategic objectives. His notable projects include the transformation of 1300 acres in South Philadelphia into The Bellwether District, and other major redevelopments in Baltimore, Boston, and Alexandria, Virginia.

PECO's leadership expressed confidence that Perez's experience will contribute to their goal of providing sustainable and efficient energy solutions.

Perez will leverage his expertise to support PECO's mission of fostering community, environmental, and economic growth throughout Philadelphia and Pennsylvania.

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0.16%
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Rhea-AI Summary

Delmarva Power, in collaboration with Junior Achievement of Delaware, hosted a Job Shadow event on May 17, 2024, in Northampton, MA. The event offered 11th and 12th graders insights into various roles within the company, from operations to regulatory and customer service. Students engaged in safety presentations, environmental demonstrations, and a mock gas leak scenario, emphasizing the importance of safety in the utility industry. Senior Project Manager Vonetta Carter highlighted the value of the program in exposing students to diverse career paths within Exelon. Delmarva Power has partnered with Junior Achievement for over a decade, aiming to foster financial literacy, entrepreneurial skills, and knowledge of the energy industry among local children.

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ComEd reported a 72% improvement in reliability for the first four months of 2024, compared to the same period in 2023. This improvement includes a 13% reduction in power outages and a significant decrease in outage duration.

Enhanced performance can be attributed to ongoing grid modernization efforts, including storm hardening, vegetation management, and cable replacement, all aimed at building resiliency.

ComEd's reliability gains have positively impacted northern Illinois, helping avoid 21.7 million outages and saving customers over $3.8 billion since 2012.

These advancements have made Illinois attractive for businesses, resulting in 15 new commercial projects and $8.6 billion in local investments. ComEd is also committed to clean energy, meeting 96% of customer energy needs with decarbonized sources and aiming for 100% under the Climate and Equitable Jobs Act.

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On May 15, 2024, Delmarva Power supported Arbor Day celebrations in Ocean City, MD, by organizing a tree-planting event at Ocean City Elementary School. Students, joined by Mayor Meehan and the City Council, planted 150 Rosebud Trees as part of the TreeMendous Program by the Ocean City Beautification Committee. This initiative underscores Delmarva Power's commitment to energy savings, environmental sustainability, and community beautification.

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0.86%
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ComEd announces customers have saved $9 billion in energy costs through its Energy Efficiency program. The program received the ENERGY STAR Partner of the Year Award for the 12th year in a row. The program helped customers save $9 billion, reduced carbon emissions, and received recognition from the EPA.

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Delmarva Power's commitment to community impact shines as they contributed over $2.3 million and more than 17,200 volunteer hours with local nonprofits in 2023. The company's dedication to empowering communities goes beyond delivering energy services, with various initiatives and partnerships supporting workforce development, education, environmental conservation, and more. Delmarva Power's involvement in National Volunteer Month highlights their ongoing efforts to make a positive difference in the communities they serve.

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1.35%
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ComEd announced the addition of two all-electric bucket trucks to its fleet as part of its commitment to electrify 50% of its vehicles and reduce emissions by 50% by 2030. The initiative is aligned with the Exelon-wide climate initiative, Path to Clean. ComEd is on track to convert half of its fleet to electric vehicles and has already added 500 charging stations in northern Illinois. The new trucks sourced through Altec are powered by a single-battery system providing 135 miles of range and will support operations during the storm season.

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Julia Reilly, a senior legal analyst, is honored for her volunteer work with the Fair Hill Emergency Response Team (FHERT) in Northern Maryland. She received Exelon's Powering Communities Employee Volunteer award and a $5,000 grant for her dedication to large animal rescue. Julia's passion for horses and community involvement has had a significant impact on the organization and the local horse community.

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Exelon Corporation

Nasdaq:EXC

EXC Rankings

EXC Stock Data

37.55B
997.66M
0.13%
86.98%
1.77%
Nuclear Electric Power Generation
Utilities
Link
United States of America
CHICAGO

About EXC

at exelon, we believe that reliable, clean and affordable energy is essential to a brighter, more sustainable future. we provide innovation, best-in-class performance and thought leadership to help drive progress for our customers and communities. exelon is the nation’s leading competitive energy provider, with 2015 revenues of approximately $34.5 billion. we do business in 48 states, d.c. and canada. exelon is one of the largest competitive u.s. power generators, with more than 32,700 megawatts of owned capacity. our constellation business unit provides energy products to about 2 million residential, public sector and business customers. and exelon’s utilities deliver electricity and natural gas to approximately 10 million customers in delaware, the district of columbia, illinois, maryland, new jersey and pennsylvania through atlantic city electric, bge, comed, delmarva power, peco and pepco. follow us on twitter @exelon.