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.
Constellation (NASDAQ: CEG) announced its acceptance of applications for the E2 Energy to Educate grant program for 2022, aimed at funding student projects focused on energy innovation. Grants of up to $25,000 for secondary education and up to $50,000 for college students are available. The previous year's program granted nearly $515,000 across 23 projects, engaging nearly 21,000 students. To date, the initiative has provided nearly $5 million in funding, impacting nearly 250,000 students nationwide.
Summary not available.
ComEd has installed new renewable, off-grid streetlights at two Chicago Public Schools, enhancing public safety and promoting STEM education. Five streetlights were added at Walter H. Dyett High School and two at Perspectives Math and Science Academy. These lights utilize solar and wind energy, providing reliable lighting and Wi-Fi access for students. ComEd's CEO emphasized the importance of community collaboration. This initiative is part of ComEd’s broader commitment to sustainable energy solutions, having previously launched similar projects in collaboration with local schools.
ComEd and Northbrook Park District have announced an energy efficiency initiative across eight locations, potentially saving over $135,000 annually and qualifying for over $900,000 in incentives. Since 2008, ComEd's Energy Efficiency Program has saved northern Illinois customers approximately $7 billion on electricity bills. The program also received recognition from the EPA and DOE as the ENERGY STAR® Partner of the Year—Sustained Excellence Award.
ComEd has appointed Lewis 'Louie' Binswanger as the new senior vice president of governmental and regulatory affairs, effective August 15. With nearly 40 years of experience in the utility sector, Binswanger will oversee governmental and regulatory strategy, energy acquisition, and economic development. Previously, he served as vice president of external affairs at Nicor Gas, and held senior roles at SourceGas and TECO Energy. His appointment comes as ComEd continues to implement the state's Climate and Equitable Jobs Act aimed at promoting clean energy solutions.
Duquesne Light Company (DLC) announced a collaboration with ComEd and Pacific Gas and Electric (PG&E) to enhance underground electrical infrastructure through the "Monitoring Electrical Cable Challenge." The initiative, with a prize pool of $750,000, aims to improve safety and reliability of underground networks in Pittsburgh. The partners will guide challenge finalists and evaluate results to strengthen the electrical grid. The final solutions will be tested, with a pilot deployment expected in early 2023. The challenge seeks innovative solutions to maintain critical infrastructure.
Constellation, the largest producer of carbon-free energy in the U.S., is launching customized carbon emissions reports for all commercial and industrial clients. This initiative is part of their 100/100/100 climate pledge, aiming for 95% carbon-free electricity by 2030 and 100% by 2040. The reports will detail customers' emissions and offer insights on reducing carbon footprints. With 60% of Fortune 500 companies pursuing climate goals, this move aligns with growing corporate and governmental focus on sustainability. Reports will be distributed to clients, including three-fourths of the Fortune 100, by the end of 2022.
The Board of Directors of Exelon Corporation (NASDAQ: EXC) has declared a regular quarterly dividend of $0.3375 per share, payable on September 9, 2022. Shareholders of record as of August 15, 2022, will receive this dividend. Exelon is recognized as the nation’s largest utility company, serving over 10 million customers through its six regulated utilities. The company emphasizes reliable service and community support through various initiatives.
The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) has declared a quarterly dividend of $0.141 per share on common stock. This dividend is payable on September 9, 2022, to shareholders of record as of 5 p.m. Eastern time on August 15, 2022. Constellation is the largest producer of clean, carbon-free energy in the U.S., providing approximately 10% of the grid's carbon-free energy with a goal of achieving 100% carbon-free power generation by 2040.
ComEd has launched a $1.8 million grant program aimed at enhancing clean energy access for low-income families and businesses in northern Illinois. The initiative offers up to $450,000 in grants to four qualified nonprofit organizations that adhere to diversity and inclusion practices. Applications are open until August 5, 2022. This initiative is part of ComEd's broader commitment to support local communities and address economic disparities exacerbated by the pandemic, ensuring equitable access to clean energy resources.