Exelon Stock Price, News & Analysis

ComEd (NASDAQ: EXC) announced new Transmission Security Agreements (TSAs) to ensure large-load applicants pay their share of connection and transmission costs. The first eight TSAs cover a forecasted new load >6.5 GW and include revenue commitments that will prevent existing customers from bearing more than $2 billion in transmission charges over a 10-year period.

The TSAs require a 10-year “take or pay” collateral for projects of 50 MW or above and aim to reduce speculative projects; related retail tariff changes are pending an Illinois Commerce Commission decision expected early this year.

Exelon (Nasdaq: EXC) will announce fourth quarter 2025 results and hold an earnings conference call on Thursday, Feb. 12, 2026 at 9:00 a.m. CT / 10:00 a.m. ET.

The call will be led by President and CEO Calvin Butler and EVP & CFO Jeanne Jones. A live listen-only audio webcast will be available on Exelon's Investor Relations page and will be archived for replay.

Exelon serves more than 10.7 million customers across six regulated utilities (Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, Pepco) and has about 20,000 employees.

ComEd (NASDAQ: EXC) awarded a $500,000 EV charging rebate to bp pulse to fund site and infrastructure upgrades for a new public charging hub near O’Hare Airport that will add 40 ultrafast ports (mix of 400kW and 150kW DC fast chargers).

ComEd said the project is one of six partnerships with bp pulse, builds on nearly 9,500 chargers energized under its rebate programs since 2024, and is supported by Illinois EPA grants.

ComEd (NASDAQ: EXC) announced the livening of an expanded 765 kV Wilton Center substation in Will County, Illinois, a transmission upgrade built to enable the largest cluster of onshore wind and solar projects in Illinois to interconnect beginning in 2026. The expansion increases the substation yard by 50% to 1.5 million sq ft, adds 765 kV breakers and protection equipment, and includes a new detention pond holding 2.8 million gallons of stormwater.

The upgraded Wilton Center will support five wind farms and two solar farms with combined output of up to 2,450 MW. Construction reused about 80,000 tons of topsoil and 90,000 tons of on-site clay to reduce hauling; Burns & McDonnell served as engineer and Lindblad Construction led build efforts.

NextEra Energy Transmission and Exelon (EXC) were recommended by PJM Interconnection on Dec. 8, 2025, to deliver an approximately 220-mile 765-kV high-voltage transmission line serving Pennsylvania and parts of West Virginia.

The proposed bi-directional line would facilitate about 7 GW of power, reportedly transfer 2–3x more power than 500-kV lines, reduce transmission losses by 50%, and support regional investments including a $92 billion Pennsylvania power program and West Virginia initiatives. The PJM Board will cast a final vote in early 2026.

ComEd (NASDAQ: EXC) will launch a new Low-Income Discount (LID) program on Jan. 1, 2026 to provide income-eligible customers percentage-based discounts on monthly electric bills.

Discounts are divided into five income tiers designed to reduce energy burden to 3–6% of household income. Customers approved for LID receive up to 24 months of discounts and will see a bill line item labeled “Low-Income Discount” as early as January 2026. Pre-approval for first four tiers requires LIHEAP approval dating back to October 2024; customers up to 300% of Federal Poverty Level may self-enroll via ComEd.com/SAM starting Jan. 1, 2026.

ComEd (NASDAQ: EXC) will return over $803 million to customers under Illinois’ Climate and Equitable Jobs Act (CEJA) through the Carbon Mitigation Credit (CMC) program.

Residential and commercial customers will receive the funds as automatic bill credits; the average residential customer is expected to get about $13 per month (depending on usage) across the first five months of the year. The CMC program runs through 2027 and can produce either credits or charges depending on energy market prices.

No action is required by customers to receive the credit. ComEd serves more than 4 million customers in northern Illinois and is a unit of Exelon, which serves over 10.7 million energy customers overall.

Exelon (Nasdaq: EXC) priced a private offering of $900 million aggregate principal amount of 3.25% convertible senior notes due March 15, 2029, with an initial purchasers' option for an additional $100 million. Net proceeds are expected to be approximately $888.8 million (or $987.5 million if the option is exercised). Interest is 3.25% paid semiannually; initial conversion rate is 17.5093 shares per $1,000 principal (≈$57.11 per share), a ~25% premium to the Dec 1, 2025 closing price. Proceeds will be used for debt repayment/refinancing or general corporate purposes. Closing expected Dec 4, 2025, subject to customary conditions.

Exelon (Nasdaq: EXC) announced a proposed private offering of $900 million aggregate principal amount of convertible senior notes due 2029, with an initial purchaser option for an additional $100 million.

The company intends to use net proceeds for repayment or refinancing of debt or for general corporate purposes. The notes will be senior unsecured, pay interest semiannually, and will be convertible by holders subject to conditions; conversions may be settled in cash, shares, or a cash/share combination. The offering will be made to qualified institutional buyers under Rule 144A and is not expected to be registered under the Securities Act.