Exelon Stock Price, News & Analysis

Exelon Corp. (Nasdaq: EXC) announced the retirement of Mayo A. Shattuck III, the board chair since 2012, effective April 26, 2022. His departure follows the successful separation of Exelon's regulated and unregulated businesses into Exelon and Constellation, respectively. The Board is in the process of selecting a new chair from its independent members, with an announcement expected in the 2022 proxy statement. Shattuck expressed pride in Exelon's achievements and emphasized the need for fresh leadership to enhance value for customers and communities.

The Board of Directors of Exelon Corporation has announced a quarterly dividend of $0.3375 per share, payable on March 10, 2022. Shareholders must be on record by 5 p.m. Eastern on February 25, 2022 to qualify. Exelon is the largest utility company in the U.S., serving over 10 million customers through six regulated utilities. The company's commitment to reliable and efficient energy delivery continues to impact communities positively.

The Board of Directors of Constellation Energy Corporation has declared a quarterly dividend of $0.141 per share on its common stock. This dividend will be payable on March 10, 2022, to shareholders of record as of 5 p.m. Eastern time on February 25, 2022.

Constellation is the largest producer of carbon-free energy in the U.S., generating over 32,400 megawatts of capacity. The company aims to achieve 100% greenhouse gas emissions elimination by 2040 through enhanced renewable resources.

Exelon Corp. has successfully completed its separation from Constellation Energy Corp., marking a significant milestone for the company. Exelon will continue to trade on Nasdaq under the ticker symbol 'EXC,' while Constellation begins trading under 'CEG.' Exelon serves over 10 million customers across six regulated utilities. The company aims to enhance customer service, invest in grid modernization, and pursue sustainability goals, including a commitment to reduce operations-driven emissions by 50% by 2030 and achieve net-zero by 2050.

Constellation has officially completed its separation from Exelon Corp, becoming a standalone public company and the largest carbon-free energy producer in the U.S. Trading under the symbol CEG, Constellation operates across 48 states, Canada, and the U.K. with a workforce of approximately 13,000. The company aims to achieve 95% carbon-free electricity by 2030 and 100% by 2040. With over 32,400 megawatts of capacity, it serves around 2 million customers, including three-fourths of Fortune 100 companies, focusing on clean energy solutions and environmental stewardship.

ComEd has announced its latest cohort of scholarship recipients from DePaul College Prep, part of its ongoing commitment to support STEM education. Three juniors will receive academic scholarships and mentorship from ComEd engineers as they prepare for college. Since 2017, this initiative has aided 21 students in pursuing careers in STEM and related fields. Scholars can receive up to $60,000 in funding for their studies. Additionally, the program reports a strong partnership between ComEd, DePaul Prep, and DePaul University, enhancing local representation in STEM careers.

ComEd has submitted proposed performance metrics to the Illinois Commerce Commission aimed at enhancing reliability and supporting the state's clean energy law. These metrics focus on improving service quality, customer experience, and promoting equity in energy access. Key metrics include the System Average Interruption Duration Index, customer service resolutions, and diversity spending. The initiative aligns with the utility's commitment to a resilient power grid, addressing climate challenges while keeping costs manageable for customers. The approval of these metrics could influence future rate plans.

ComEd is now accepting applications for its Powering Communities program, offering grants of up to $10,000 for projects in sustainability, safety, and the arts across northern Illinois. Over $500,000 will be distributed to municipal agencies and community organizations. The application deadline is March 25, 2022. The program includes three grant categories: Green Region, Powering Safe Communities, and Powering the Arts, aimed at enhancing community quality of life. Since 2013, nearly $3 million has been invested in local projects.