Welcome to our dedicated page for Exelon news (Ticker: EXC), a resource for investors and traders seeking the latest updates and insights on Exelon stock.
Exelon Corporation (EXC) generates a steady flow of news as a Fortune 200 utility company and one of the nation’s largest providers of regulated transmission and distribution services. Through its six operating utilities—Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco—Exelon issues updates on customer programs, grid investments, financing activities and regulatory developments that affect more than 10.7 million customers.
News about EXC often covers customer affordability initiatives and assistance programs. Recent announcements include Exelon’s Customer Relief Fund, which has provided $60 million in direct customer assistance over the past year, and an additional $10 million contribution to support customers as winter weather increases energy use. ComEd has also highlighted the launch of a Low-Income Discount program designed to provide percentage-based bill reductions for income-eligible customers, as well as other bill-support and energy efficiency efforts.
Investors and observers can also find coverage of Exelon’s grid and transmission projects. ComEd has reported on new Transmission Security Agreements with large load customers to ensure they pay their fair share of transmission costs, as well as the expansion of the Wilton Center substation to enable the interconnection of multiple wind and solar farms. Exelon has additionally been identified with NextEra Energy Transmission in a proposed 765-kV transmission line project under PJM’s Regional Transmission Expansion Plan.
Other EXC news items include executive leadership changes, such as the appointment of a chief customer and technology officer, and capital markets activity, including the offering and pricing of convertible senior notes due 2029. The Exelon news page on Stock Titan aggregates these updates so readers can follow themes such as customer affordability, infrastructure investment, regulatory disclosures and financing decisions related to EXC.
ComEd, a unit of Exelon (NASDAQ: EXC), received two prestigious Leaders of the Pack awards from the American Council for an Energy-Efficient Economy (ACEEE) for its energy efficiency programs. The recognized programs include Home Energy Savings (HES) and Strategic Energy Management (SEM). Since 2008, ComEd's Energy Efficiency Program has helped customers save over $9 billion in energy bills and 82 million net megawatt-hours of electricity. In 2023, HES helped customers save 10 gigawatt hours of electricity and 1.5 million therms of gas, while SEM enabled 57 industrial facilities to save nearly 30 million kilowatt-hours of electricity.
Delmarva Power and The Cal Ripken, Sr. Foundation have opened a new STEM Center at Academia Antonia Alonso Charter School in Newark, Delaware. The center features advanced technology for coding and robotics, providing students with hands-on learning experiences. The initiative is part of Delmarva Power and The Exelon Foundation's broader mission to develop future innovators. La Academia, a KN-8th Grade charter school focusing on bilingual education, also received donations of school supplies, backpacks, and uniforms. The project aims to prepare students for future careers in the utility industry through practical STEM education.
Delmarva Power warns customers about phantom energy - the power consumed by devices when they appear off but continue drawing electricity. Common sources include smartphone chargers, computers, kitchen appliances, and gaming consoles. To combat this hidden energy drain, the company recommends using power strips with on/off switches, unplugging fully charged devices, switching to LED bulbs that use 75% less energy, and utilizing online energy management tools through My Account. Maryland customers can access Zoe, the Good Energy Guide, while both Delaware and Maryland customers can find energy-saving tips at delmarva.com/WaysToSave.
Exelon (EXC) reported strong Q3 2024 financial results with GAAP net income of $0.70 per share and adjusted operating earnings of $0.71 per share, up from $0.67 in Q3 2023. The company reaffirmed its full-year 2024 adjusted operating earnings guidance of $2.40-$2.50 per share and maintained its 5-7% compound annual growth target through 2027. All utilities achieved top quartile reliability performance, with ComEd and Pepco Holdings in the top decile. The company is investing $34.5 billion in energy infrastructure and declared a quarterly dividend of $0.38 per share.
Exelon (Nasdaq: EXC) has declared a regular quarterly dividend of $0.38 per share, payable on December 13, 2024, to shareholders of record as of November 11, 2024. As the nation's largest utility company and a Fortune 200 member, Exelon serves over 10.5 million customers through six regulated transmission and distribution utilities: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power & Light, PECO Energy Company, and Potomac Electric Power Company.
ComEd has expanded its fleet EV rebate program to include certified pre-owned and repowered battery electric vehicles for business and public sector customers. The Pre-Owned Electric Fleet Vehicle Rebate offers between $5,000-$180,000 depending on vehicle class and customer location, with higher amounts for low-income or equity-investment eligible communities. The program aims to accelerate EV adoption in northern Illinois, supporting the state's goal of 1 million EVs by 2030. Currently, over 116,000 EVs are registered in Illinois. The initiative is part of a $90 million rebate program launched earlier this year, with more funds available in 2025.
ComEd has secured a $50 million federal grant from the U.S. Department of Energy's GRIP program for grid modernization in Rockford, Illinois. Combined with matching funds from ComEd and partners, the total investment will reach $116 million over 2024-2029. The project will enhance grid resilience, expand clean energy resources, and support workforce development. The initiative includes deploying advanced grid technologies, improving demand-side management, and implementing EV charging solutions. The project aligns with Illinois' Climate and Equitable Jobs Act goals for 100% clean energy by 2050.
ComEd and the Metropolitan Mayors Caucus have announced grants of up to $2,500 each for 24 northern Illinois communities through the annual ComEd Powering the Holidays Program. The program, which has provided $172,000 in funding to 70 communities since its launch in 2021, supports holiday light events that promote cultural exchange and foster inclusivity.
The grants will power holiday light events taking place between November 1, 2024 and February 13, 2025. Recipients include various municipalities across northern Illinois, with events ranging from tree lighting ceremonies to winter wonderland walks. The program aims to create experiences that bring people together and celebrate the unique character of local communities.
ComEd's support extends to popular holiday attractions at Lincoln Park Zoo, Brookfield Zoo, The Morton Arboretum, and Chicago Botanic Garden. The initiative reflects ComEd's ongoing commitment to supporting holiday light events across Chicagoland.
Delmarva Power employees have been recognized for their outstanding volunteer efforts in 2023, contributing over 17,200 hours to support regional organizations. Three exceptional volunteers - Ian Rupert, Katherine Shinski, and Kregg Schaen - were honored with the Exelon Powering Communities Award, each receiving a $5,000 grant to further their work with local organizations.
The awards ceremony took place in Washington, D.C., highlighting the recipients' contributions:
- Ian Rupert: Supports Caroline North Little League
- Katherine Shinski: Volunteers at Tuckahoe Equestrian Center
- Kregg Schaen: Dedicates time to Elkton Community Little League
Tyler Anthony, President and CEO of Pepco Holdings, praised the volunteers for strengthening the company's reputation as a thoughtful community partner and distinguishing it from other local business leaders.
Exelon Corp. (Nasdaq: EXC) has announced the promotion of Cynthia McCabe to senior vice president, chief of staff and chief communications officer, effective Nov. 1, 2024. McCabe will oversee communications and marketing across Exelon and its six local energy companies, including external and employee communications, reputation initiatives, branding, advertising, and social media. She will also become a member of Exelon's Executive Committee.
McCabe joined Exelon in 2017 and has held various communications roles within the company. Prior to Exelon, she worked in communications at AFSCME and the National Education Association, and began her career as a reporter. Exelon, a Fortune 200 company, is the nation's largest utility company, serving more than 10.6 million customers through six regulated transmission and distribution utilities.