Exelon Stock Price, News & Analysis

Constellation Energy Corporation (Nasdaq: CEG) reported a strong financial performance for Q1 2022, achieving a GAAP net income of $106 million and an adjusted EBITDA of $866 million, significantly improving from previous losses. The company reaffirmed its full-year adjusted EBITDA guidance of $2.35 billion to $2.75 billion. Constellation is focused on sustainability, launching partnerships with Microsoft and companies like Sheetz and Comcast to enhance carbon-free energy solutions. The company successfully reduced nearly $2.5 billion in debt and aims to strengthen its balance sheet further.

ComEd will kick off summer with the eighth annual Switch on Summer event at Buckingham Fountain in Chicago on May 14, from 12 p.m. to 3 p.m.. This year’s celebration features Brighton Park resident Eugene Rodriguez, the sweepstakes winner, who will activate the fountain. The event includes remarks from ComEd CEO Gil Quiniones, Chicago’s First Lady Amy Eshleman, and entertainment from local artists. ComEd aims to engage the community with educational resources and family-friendly activities, celebrating Buckingham Fountain's 95th anniversary.

Exelon Corporation (Nasdaq: EXC) has joined Climate READi, a three-year initiative by the Electric Power Research Institute (EPRI) focused on enhancing energy system climate resilience amid increasing extreme weather events. This collaborative effort seeks to involve global energy companies and scientists in developing resilient energy systems. Exelon aims to enhance grid reliability and has committed to reducing operational emissions by 50% by 2030 and achieving net-zero by 2050. The company is also investing $20 million over 10 years in clean energy transition technologies.

Exelon Corporation (NASDAQ: EXC) reported first-quarter 2022 results, marking a pivotal moment post-separation from Constellation Energy. The company achieved a GAAP Net Income of $0.49 per share and Adjusted Operating Earnings of $0.64 per share, reflecting a year-over-year increase. Adjusted earnings guidance for 2022 is reaffirmed at $2.18-$2.32 per share. Strong operational performance was noted, particularly in ComEd, which provided record reliability. Recent regulatory activities include distribution rate cases filed by PECO and ComEd, supporting infrastructure investments.

ComEd and Waukegan Public Schools (WPS) have completed a five-year, 51-project energy-efficiency initiative projected to save WPS over $609,000 annually on electric bills. This effort is part of the ComEd Energy Efficiency Program, which has saved northern Illinois customers approximately $6.7 billion since 2008. The program recently received recognition from the EPA and Department of Energy with the ENERGY STAR® Partner of the Year—Sustained Excellence Award. The combined energy savings from all projects reach over 6 million kilowatt-hours, significantly reducing carbon emissions.

ComEd has launched the EV Readiness Program in partnership with the Metropolitan Mayors Caucus, committing $225,000 to help northern Illinois communities prepare for electric vehicle (EV) infrastructure. The initiative aims to guide local governments in enhancing policies to promote EV adoption and facilitate access to state and federal funding, including a share of the $5 billion investment from Congress. The program aligns with Illinois’ goal of having 1 million EVs on roads by 2030 and fosters cleaner air quality and decarbonization.

ComEd has submitted its inaugural annual ethics and compliance report to the Illinois Commerce Commission (ICC) as mandated by the Climate and Equitable Jobs Act (CEJA). This report outlines the utility's internal controls and commitment to ethical standards, aimed at enhancing transparency for the 9 million residents it serves in northern Illinois. ComEd's CEO emphasized their dedication to high ethical standards and the ongoing efforts to rebuild trust with customers and stakeholders. The report is publicly accessible and includes comprehensive information on compliance policies and financial risk assessments.

ComEd and the Chicago Park District announce the eighth annual Switch on Summer celebration set for May 14 from 12 p.m. to 3 p.m. at Buckingham Fountain. The event will feature family-friendly entertainment, educational programming, and a sweepstakes for one winner to activate the fountain. WGN-TV’s Chief Meteorologist Tom Skilling will host the event, expecting 15,000 attendees. The celebration marks the unofficial start of summer while promoting energy-saving opportunities and solar energy resources.