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Exelon Corporation (EXC) operates at the forefront of energy delivery through its regulated utilities and competitive power generation services. This dedicated news hub provides investors and industry stakeholders with timely updates on EXC's strategic initiatives, financial performance, and operational milestones.
Access official press releases, earnings reports, and regulatory filings alongside curated analysis of Exelon's role in advancing sustainable energy infrastructure. Track developments across key areas including grid modernization projects, rate case decisions, and renewable energy investments that shape the company's position in North America's energy landscape.
Our continuously updated feed serves as your primary source for understanding EXC's responses to market trends, environmental policies, and technological innovations in electricity distribution. Bookmark this page to monitor how Exelon's dual focus on reliability and innovation impacts its service territories and competitive generation portfolio.
ComEd, a unit of Exelon (NASDAQ: EXC), reported significant achievements in its Voltage Optimization (VO) program, delivering approximately 100,000 MWh in energy savings to customers in the last year. This resulted in avoiding over 33,000 metric tons of carbon dioxide, equivalent to powering 11,500 customer homes annually.
The program, launched in 2018, has achieved total energy savings of more than 1 million MWh. In 2024, ComEd upgraded 31 additional substations, bringing the total to 284 stations operating under VO. The technology enables 2-3% annual energy savings for customers without requiring behavioral changes.
ComEd plans to complete activation on 400 substations by 2028, with projected annual energy savings exceeding 1,400 gigawatt hours, equivalent to powering 115,000 households. The company's Energy Efficiency Program, since 2008, has helped customers save over $10 billion on energy bills.
ComEd has announced a new partnership with Chicago Public Schools (CPS) and City Colleges of Chicago's Dawson Technical Institute to enhance the Early College STEM program at Chicago Military Academy (CMA). The initiative, dubbed 'Ignite Your Future,' includes a $100,000 investment from ComEd to expand career-readiness opportunities for students.
Starting Fall 2025, students can pursue an Associate in Applied Science Degree in Construction Management, followed by an Associate of Applied Science in Construction Engineering and Management launching in Spring 2026. The program aims to prepare students for engineering-focused careers in the energy sector, with projections indicating up to 150,000 jobs coming to Illinois by 2050.
ComEd's support includes curriculum development, work-based learning opportunities, and career mentorship through site visits, panel discussions, and project-based learning. This initiative builds on ComEd's existing support of CPS programs such as Chicago BUILDs, Skilled Trades fairs, and Driver's Education EV initiatives.
ComEd, a unit of Exelon (NASDAQ: EXC), hosted its STEM Labs event as part of Black History Month, engaging 50 local high school students from Chicagoland and northern Illinois. The program focused on teaching students about solar generation while building solar-powered battery chargers with ComEd mentors.
The initiative aims to address the underrepresentation of Black Americans in STEM fields, who make up 12% of the U.S. workforce but only 9% of STEM workers, with just 7% holding bachelor's degrees in STEM. Each participating student received a $250 scholarship upon program completion.
This program is part of ComEd's broader initiative to develop future STEM leaders and support clean energy goals. Other programs include Construct Youth Academy, Tools of the Trade, Future of Energy Scholarships, and After School Matters, all designed to increase STEM exposure among diverse student groups.
ComEd, a unit of Exelon (NASDAQ: EXC), has awarded scholarships to nine Chicago State University (CSU) students pursuing STEM-related degrees as part of its 2025 ComEd Scholars program. The initiative, entering its second year at CSU, provides financial assistance, mentorship from ComEd engineers, and potential internship opportunities at ComEd and Exelon.
The program expanded from four CSU scholars in 2024 to nine in 2025, with qualified students having above a 2.8 GPA in physics, engineering, computer science, finance, and accounting. To date, ComEd has awarded 90 scholarships across five educational institutions. The program is part of ComEd's broader workforce development initiatives, which engaged over 3,000 participants in 2024.
Exelon (EXC) reported strong Q4 and full-year 2024 results, with Q4 GAAP and adjusted earnings both at $0.64 per share, up from $0.62 and $0.60 respectively in Q4 2023. Full-year 2024 GAAP earnings reached $2.45 per share, while adjusted earnings were $2.50 per share.
The company introduced its 2025 adjusted earnings guidance of $2.64-$2.74 per share and declared a quarterly dividend of $0.40 per share. Exelon plans to invest $38 billion in capital expenditures over the next four years, a 10% increase from the previous plan, targeting 7.4% rate base growth and 5-7% operating EPS growth through 2028.
The company's financing plan includes $1.4 billion in additional equity to fund approximately 40% of $3.5 billion incremental capital expenditures. Nearly 90% of Exelon's rate base is now covered by established cost recovery mechanisms through 2026 or 2027, following final orders for various rate cases across its utilities.
ComEd, a unit of Exelon (NASDAQ: EXC), announced $100 million in EV rebates for 2025 at the Chicago Auto Show to promote electric vehicle adoption across northern Illinois. The funding includes:
- $53 million for business and public sector EV fleet purchases
- $38 million for infrastructure upgrades for public/private charging stations
- $9 million for residential customers (up to $3,750 per charger)
This follows ComEd's 2024 investment of $90 million. The initiative supports Illinois' Climate and Equitable Jobs Act goal of 1 million EVs by 2030. Over half the funds are reserved for low-income customers and equity-eligible communities. To date, ComEd has funded projects in 300+ ZIP codes, supporting nearly 3,500 charging ports and 200+ fleet vehicles. Currently, there are 126,000 EVs in Illinois, with 112,000 in northern Illinois.
Exelon's utility companies BGE, ComEd, Delmarva Power, and Pepco have been named 2024 Customer Champions by Escalent, a leading research firm. The recognition comes from a comprehensive web-based survey of over 59,300 residential utility customers across 142 largest utility companies nationwide.
The companies were recognized for their effective customer programs and clear communications. Notable initiatives include BGE's Green Grants program, which has provided over $2.2 million in charitable giving, ComEd's Powering Safe Communities program with nearly $2 million in grants, Delmarva Power's Sustainable Community Grants providing $235,000 for open space initiatives, and Pepco's Energizing Small Business Grant Program investing nearly $1 million to support food-related small businesses.
Additionally, Delmarva Power achieved the highest residential customer satisfaction ranking in the East Midsize Region by J.D. Power for the third consecutive year. Exelon serves more than 10.5 million customers through six regulated utilities.
Nuvve Holding Corp. (NVVE) has announced a collaborative pilot program with Resource Innovations and ComEd to explore bidirectional charging benefits using electric school buses in northern Illinois. The pilot, running through Q4 2025, will evaluate the environmental, societal, and grid impacts of vehicle-to-grid (V2G) technology integration.
Three school districts within ComEd's service area, all Nuvve customers, are expected to join the pilot this year. The program will study how to utilize energy stored in electric school bus batteries to enhance grid stability and reduce energy costs. This initiative is part of ComEd's Beneficial Electrification investments, which include customer EV rebate and education programs.
ComEd's existing EV programs have already facilitated the addition of 3,500 EV charging ports and 200 EV fleet vehicles across the region. The company serves over 4.3 million customers across northern Illinois.
ComEd, a unit of Exelon (NASDAQ: EXC), reported significant achievements in 2024 across northern Illinois. The company delivered best-in-class reliability with nearly 2.3 million customers experiencing no outages, earning the 2024 ReliabilityOne® award. Their Energy Efficiency Program surpassed $10 billion in customer bill savings, while maintaining residential rates 22% below the average of top U.S. metropolitan areas.
The company made substantial progress in renewable energy initiatives, interconnecting 356 MW of distributed energy resources and providing $71.6 million in Distributed Generation Rebates. ComEd expanded EV infrastructure with over 3,500 charging ports and 170 fleet vehicles. The company also connected over 229,000 customers to $133 million in financial assistance and supported workforce development through various training programs.
In economic development, ComEd facilitated 15 commercial projects expected to create nearly 1,400 jobs and generate over $17 billion in local investment.
ComEd, a unit of Exelon (NASDAQ: EXC), has announced its 2025 Powering Communities Grant Program, offering $535,000 in grants for community projects across northern Illinois. Organizations can apply for grants up to $10,000 each through three programs: Green Region, Powering Safe Communities, and Powering the Arts.
The program, which has provided over $5.3 million in funding to date, supports environmental initiatives, public safety, clean transportation projects, and arts programs. Applications will be accepted until March 28, 2025. ComEd partners with Openlands, the Metropolitan Mayors Caucus, and the League of Chicago Theatres to manage these grants, serving more than 4 million customers across northern Illinois, representing 70% of the state's population.
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