Exelon Stock Price, News & Analysis

ComEd (NASDAQ: EXC) has announced a significant expansion of its scholarship program for the Overhead Electrical Line Worker (OELW) training at Chicago's Dawson Technical Institute (DTI). The company is investing up to $130,000 in scholarships, offering eligible students up to $6,500 each to cover tuition and related expenses.

The OELW program, launched in 2006, has graduated over 550 students, with more than half securing full-time positions at ComEd. The program offers competitive starting wages of $29 per hour for line workers. Notably, the current class demonstrates strong diversity metrics, with 95% of participants being people of color. The initiative aims to support Illinois' clean energy sector growth, which is projected to create 150,000 new jobs by 2050.

ComEd, a unit of Exelon Corporation (NASDAQ: EXC), has completed significant infrastructure upgrades at its Itasca transmission substation. The $96 million project, launched in 2022, is part of a larger $1 billion investment planned for the Western O'Hare region of Illinois.

The upgrades enhance the 345kV transmission system's capacity and resiliency, featuring new high voltage lines, power transformers, and gas insulated switchgear technology. The project, executed by DBE-certified Ruiz Construction Systems, strengthens grid reliability amid increasing severe weather events and growing electrification demands.

ComEd's grid modernization efforts have already shown results, with the company helping attract 15 new commercial projects in the previous year, expected to create nearly 1,400 jobs and generate over $17 billion in local capital investment.

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.