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.
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Quaker Houghton (NYSE: KWR) has partnered with Constellation to purchase Renewable Energy Certificates (RECs) that will cover approximately 50% of its U.S. electricity needs. This initiative is part of Quaker Houghton's commitment to sustainability and achieving its greenhouse gas emissions targets by 2030. The RECs are certified by Green-e® Energy and sourced from renewable energy generators in the contiguous U.S. The company's CEO, Andy Tometich, emphasized the importance of sustainability in Quaker Houghton's long-term strategy, while Constellation supports its clients' sustainability goals.
CHICAGO--(BUSINESS WIRE)--ComEd has achieved record reliability for its customers in 2022, improving overall grid reliability by over 80% since 2011 and avoiding more than 19 million outages, resulting in savings exceeding $3.3 billion. Approximately 85% of customers experienced minimal service interruptions. The company is investing in infrastructure to support the expansion of renewable energy and meet increasing electrification demands. Additionally, ComEd's efforts support the Climate and Equitable Jobs Act goals, fostering economic growth with 28 commercial projects and creating 6,800 jobs, while promoting sustainability in northern Illinois.
ComEd has launched the 2023 Powering Communities Grants Program for municipal and community organizations in northern Illinois. The program offers grants up to $10,000 for initiatives that enhance environmental, safety, and arts programs. Organizations can apply through March 24, 2023. The grants, part of ComEd's commitment to community investment, have distributed over $4 million since inception, funding various local projects. The program includes three grant categories: Green Region, Powering Safe Communities, and Powering the Arts, encouraging collaborative efforts for regional improvements.
ComEd has received two Inspiring Efficiency Awards from the Midwest Energy Efficiency Alliance (MEEA) for its initiatives aimed at promoting energy efficiency. The Innovation Award recognizes its Multi-Family Energy Savings program, which helps both tenants and property owners in multi-family buildings reduce energy costs. The Education Award acknowledges the Energy Efficiency Service Provider Incubator program, which has supported local diverse contractors since 2019. Collectively, these efforts have saved northern Illinois families and businesses over $7.6 billion in energy bills since 2008.
The Jobs & Equitable Energy Transition Study, published by BW Research and commissioned by ComEd, highlights the potential employment effects of Illinois's transition to a decarbonized energy economy.
Key findings indicate that by 2030, higher-paying 'tier 1 jobs' are expected to grow by at least 9%, with a total increase of 15,000 jobs by 2030 under a business-as-usual scenario. A more aggressive decarbonization scenario anticipates a net increase of 41,000 jobs by 2030 and 151,000 jobs by 2050.
Exelon (Nasdaq: EXC) has appointed Jane S. Park as the new senior vice president of Federal Governmental and Regulatory Affairs and Public Policy. In her role, Park will direct Exelon's federal policy strategies and oversee interactions with federal regulators, including the Federal Energy Regulatory Commission and the Environmental Protection Agency. She previously led Exelon's Business Investments organization, focusing on clean energy initiatives and grid modernization. Park's extensive background in customer operations and technology investments aims to advance Exelon's commitment to energy transformation.
ComEd has completed a new 138-kilovolt substation at the U.S. Department of Energy’s Argonne National Laboratory to support its Aurora exascale supercomputer, enhancing reliable energy for critical research. This is the third substation deployed by ComEd at the Lemont campus. CEO Gil Quiniones emphasized their commitment to infrastructure for scientific advancement. The collaboration equips Argonne's research facilities, which serve thousands of scientists annually. ComEd has also achieved record reliability and resilience, claiming to have avoided over 19 million customer interruptions since 2012, saving customers more than $3.1 billion.
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ComEd has filed a multi-year grid and rate plan with the Illinois Commerce Commission to bolster infrastructure and promote clean energy under the Climate and Equitable Jobs Act. This initiative aims to enhance grid reliability for 9 million customers in northern Illinois, adapting to climate change’s impact. The rate plan includes a projected increase in the average monthly residential bill by $4.25 from 2024 to 2027, totaling an increase of $17. Key investments focus on improving service reliability and supporting the clean energy transition, potentially creating over 41,000 jobs by 2030. ComEd’s average monthly bill remains among the lowest in the nation, emphasizing commitment to affordability and equity.