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.
Exelon (EXC) unit ComEd received Illinois Commerce Commission approval to build its GRIT underground transmission project in Cook and DuPage counties. The construction certificate follows public review of the project's need, design and benefits.
GRIT includes four underground 138kV transmission lines and one new substation, forming a ring connecting three substations. ComEd expects alternate power routes to improve reliability and serve existing customers and new large electricity users near O’Hare. Construction begins this fall with substation grading and drainage; other underground transmission work begins in January 2027. Completion and entry into service are planned for the second quarter of 2029.
ComEd, a unit of Exelon (EXC), and the Metropolitan Mayors Caucus will award $69,500 for community holiday lighting. The sixth annual Powering the Holidays program will provide 28 municipalities and nonprofit organizations with grants of up to $2,500 for displays and events across northern Illinois.
The grants support events scheduled between November 1, 2026, and February 13, 2027. Launched in 2021, the program has brought ComEd’s cumulative investment to more than $300,000 across over 120 communities and organizations, including this year’s awards.
ProPetro (NYSE: PUMP) appointed Kyle Crowley as an independent director on its board, effective October 16, 2026.
Crowley brings more than 30 years of power and energy industry experience, including over two decades at Exelon, where he led corporate development, corporate finance, and generation, renewables and transmission development. ProPetro said his experience in power markets, capital allocation and transaction execution supports its plans to continue growing its PROPWR business.
Exelon (EXC) will receive the Executive Leadership Council's 2026 Corporate Award at its Recognition Gala on October 30, 2026. The event will take place at the Gaylord National Resort & Convention Center in National Harbor, Maryland, during the council's 40th anniversary year. The award recognizes sustained commitments to talent development, leadership pipelines and community impact.
Exelon has invested almost $114 million in workforce development across its utilities and corporate offices since 2019. More than 19,000 people participated in over 100 programs in 2025, and more than 2,700 people have been hired internally or externally through its job training and related programs since 2019. Its foundation's STEM Academies served 400 students in 2025 and have reached more than 1,700 young people to date.
ComEd, an Exelon (EXC) subsidiary, is supporting Richardson Electronics (RELL) as it expands battery-storage manufacturing and installs an onsite demonstration system.
Richardson is installing a 5-MWh research and development demonstration project in La Fox, Illinois. Its planned operational expansion is intended to scale battery-system development and distribution, with support from Illinois’ Reimagining Energy and Vehicles incentive program. ComEd is providing interconnection support and engineering studies, including site preparation and guidance on potential system upgrades. These activities support connecting the demonstration system while maintaining service for surrounding customers.
ComEd energized electric infrastructure in Belvidere, Illinois, to power a new Walmart perishable grocery distribution center slated to open in 2027.
The project includes a 138-kV substation on a 6.8-acre parcel near the Walmart site, using existing distribution infrastructure. The 1.2 million-square-foot distribution center will process fresh and frozen products for Walmart stores across the Great Lakes region, with operations relying on round-the-clock electric service. ComEd said it looks forward to expanding the substation in the future to serve growing electricity needs in the area.
Exelon (EXC) will hold its third-quarter 2026 earnings conference call on October 30, 2026, to discuss its results. The call begins at 9:00 a.m. CT / 10:00 a.m. ET and will be led by President and CEO Calvin Butler and Executive Vice President and CFO Robert Kleczynski. A live listen-only webcast will be available through Investor Relations and archived for replay.
Exelon (EXC) unit ComEd and SunVest celebrated the energization of a nearly eight-megawatt community solar array at DeKalb Taylor Municipal Airport.
The project dedicates 60 percent of subscription capacity to low-to-moderate-income customers. Average subscriber savings exceed $300 annually. The project also generates $91,000 in annual site rent and $36,000 in annual property taxes. Customers subscribe to a portion of its electricity production and receive bill credits for the solar energy generated. ComEd expects 420 community solar sites to be energized by the end of 2026, including 16 SunVest systems.
Exelon (EXC) subsidiary ComEd reached more than 70,000 residential participants in its Hourly Pricing program, a record for the program.
Customers have saved more than $63 million on electricity supply since the program launched in 2007. In 2025, enrollment grew by over 16,000, its largest annual increase. Participants saved nearly $6.3 million collectively, averaging $166 on annual supply charges. More than 80 percent reduced their electricity supply costs compared with ComEd’s standard fixed-price supply rate that year. Independent analysis estimated approximately $22.8 million in 2025 net benefits across the PJM regional power system and an aggregate peak-load reduction of nearly 14 megawatts.
ComEd (EXC) and the League of Chicago Theatres have awarded $205,000 in 2026 Powering the Arts grants to 19 nonprofit organizations across northern Illinois. The funding supports projects ranging from youth creative development and music education to community festivals and senior-focused performances. Since 2018, the Powering the Arts Grant Program has provided nearly $1.5 million to more than 150 arts and cultural projects within ComEd’s service territory. Grants are selected by an external judging panel, and recipient organizations are required to match their awards with equal or greater investment in their projects.