Exelon Stock Price, News & Analysis

Exelon (Nasdaq: EXC) has announced key leadership changes in its Governmental, Regulatory and External Affairs (GREA) organization. Jaclyn Cantler has been appointed senior vice president of GREA for Delaware and New Jersey, while Valencia McClure has been promoted to senior vice president of GREA overseeing Maryland and Washington, D.C. operations.

The restructuring aims to strengthen Exelon's regional focus and enhance customer service across its service areas. Additionally, the company announced that Alexander Núñez, current senior vice president of GREA for BGE, will retire in August 2023 after 24 years of service.

ComEd, a unit of Exelon Corporation (NASDAQ: EXC), has launched applications for its fifth annual Powering the Holidays Grant Program in partnership with the Metropolitan Mayors Caucus. The program offers $60,000 in total funding, with individual grants of up to $2,500 available for holiday light displays and decorations.

Communities within ComEd's service territory can apply through August 29, 2025, with events to be held between November 1, 2025, and February 13, 2026. Grant recipients must match 20% of received funds. The program has previously awarded nearly $170,000 to 70 unique holiday projects, supporting diverse cultural celebrations across northern Illinois.

Exelon (Nasdaq: EXC), a Fortune 200 utility company, has scheduled its second quarter 2025 earnings conference call for July 31, 2025, at 10:00 a.m. ET. The call will be led by CEO Calvin Butler and CFO Jeanne Jones.

The company serves over 10.7 million customers through six regulated transmission and distribution utilities: Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon employs 20,000 people focused on delivering reliable and efficient energy services while supporting community development initiatives.

ComEd (NASDAQ: EXC) has initiated a major expansion of its Elk Grove substation as part of an 11-project, $1 billion capital investment to enhance power infrastructure in northern Illinois. The $155 million expansion project will support growing energy demands, particularly from data centers representing 1.9 GW of energy growth in the northwest suburban business corridor.

The project, set for completion by December 2026, includes new gas insulated switchgear equipment and 345-138kW transformers. Construction is being executed by Ruiz Construction Systems. In 2024, ComEd helped attract 15 new commercial projects to northern Illinois, expected to create 1,400 jobs and generate over $17 billion in local capital investment.

ComEd has appointed Melissa Y. Washington as Senior Vice President of Governmental, Regulatory and External Affairs (GREA), effective September 1, 2025. Washington, a 20+ year veteran of Exelon, will replace Louie Binswanger, who will retire at year-end after serving as senior advisor to the CEO. In her new role, Washington will oversee policy, legislative and regulatory strategies, economic and workforce development, and corporate community impact. Currently serving as SVP of Customer Operations and Strategic Initiatives, Washington has led initiatives in customer experience enhancement and clean energy technology adoption. Binswanger, who joined ComEd in 2022, is credited with securing approval for ComEd's first Multi-Year Grid plan and aligning strategies with Illinois' Climate and Equitable Jobs Act (CEJA).

Exelon has announced a $50 million Customer Relief Fund to assist low- and middle-income customers facing rising energy supply costs this summer. The program, launching in July and August 2025, will be administered through local nonprofits across Exelon's operating companies including Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Qualifying customers could receive several hundred dollars in relief. This one-time assistance program complements Exelon's existing customer support initiatives, which in 2024 included $492.1 million in energy assistance serving 520,000 customers and nearly $1 billion in energy efficiency programs. Despite rising energy costs, Exelon customers have experienced rates 21% below major U.S. cities and a 35% improvement in reliability due to grid investments.

ComEd has announced a $10 million Customer Relief Fund to assist customers with rising summer energy costs in northern Illinois. The fund, supported by parent company Exelon, will provide one-time grants of $500 to qualifying low- to moderate-income residential customers and $1,000 to nonprofit organizations. Applications will open on July 7, 2023, through ComEd.com/Relief. The initiative is being administered in partnership with The Salvation Army and Neighborhood Housing Services of Chicago, with the announcement made at Cornerstone Community Development Corporation in Ford Heights, IL. This program aims to provide immediate billing relief to thousands of ComEd customers and complements existing energy-efficiency and financial assistance programs.

ComEd's Energy Efficiency Program has exceeded its 2024 goals, helping customers save over 13 million MWhs of electricity and nearly $1.3 billion in electric bill savings. The program provided $277 million in incentives through rebates and discounts, benefiting both residential and business customers. Business customers saved 754,000 MWhs ($79 million), residential customers saved over 1 million MWhs ($170 million), and income-eligible customers saved 730,000 MWhs ($123 million). With average monthly residential bills expected to increase by $10.60 in June due to PJM Interconnection capacity auction results, ComEd offers various assistance options. Since 2008, the program has saved customers over $11 billion and 99 million MWhs, equivalent to removing nearly 8 million cars from the road.

ComEd has received approval from the Illinois Commerce Commission for its second Beneficial Electrification (BE) Plan, investing $168 million over 2026-2028 to advance EV adoption in northern Illinois. Building on its current $231 million investment (2023-2025), the new plan includes key components: $11 million for residential EV charger rebates, $82 million for business fleet EV purchases, $44 million for charging infrastructure, and additional funding for education and R&D. Since February 2024, ComEd has supported nearly 5,000 EV charging ports and 1,000 fleet vehicles, with over 70% of rebates benefiting low-income communities. The plan aims to reduce emissions, improve air quality, and ensure equitable access to electrification benefits across northern Illinois.